Reveal Niagara - Business Magazine - Vol. 2 | Issue 3

Page 22

online

Market Research Report

by Waaiz Ansari

travel & leisure

nline travel is the type of travel that is booked online through a website that has the specialty in making the travel arrangements such as flight tickets, car rentals, and packages. The agencies that help in booking travel are either online travel agencies or any direct travel suppliers.

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The GMI Research forecasts that the online travel market is witnessing an upsurge in the demand over the forecast period starting from 2020 till 2027. This is mainly due to the growing tourism industry, followed by the increasing penetration of internet usage and smartphone users across several economies.

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