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Market size of the global online travel agent sector 2020-2023

Published by Statista Research Department, Nov 26, 2020
The market size of the global online travel agent sector was 744.73 billion U.S. dollars in 2019. This figure was forecasted to decrease to 595.78 billion U.S. dollars in 2020. The predicted decline in 2020 was mainly due to the economic slowdown across countries owing to the coronavirus pandemic and the measures to contain it. However, by 2023 the market was expected to have grown at a CAGR of 11.24 percent to reach 820.18 billion U.S. dollars.

Online travel agent market size worldwide from 2019 to 2023 (in billion U.S. dollars)

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Release date

June 2020

Region

Worldwide

Survey time period

2019

Supplementary notes

2020 and 2023 are forecast figures.

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