Dublin, August 6, 2024 – The “Global Online Travel Market Forecast Report 2024-2032,” now available from ResearchAndMarkets.com, anticipates significant growth in the online travel sector over the next decade.
The report predicts that the online travel market will expand from $659.08 billion in 2023 to $1.97 trillion by 2032, representing a compound annual growth rate (CAGR) of 12.99% from 2024 to 2032.
Key factors driving this growth include the increasing popularity of solo travel, widespread access to high-speed internet, a rise in business travel, and the proliferation of smart devices. The Asia-Pacific region, in particular, is expected to play a crucial role in this expansion due to its rapidly growing consumer base and advancing digital infrastructure.
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