China powers the future of online travel industry, emerging as the most lucrative market The projected size of the Online Travel market is expected to reach US$ 1.56 trillion by 2030, rising at a Compound Annual Growth Rate (CAGR) of 12.99% during the period from 2023 to 2030. The global online travel industry is experiencing rapid growth, driven by seamless flight and hotel bookings, increased customer confidence in online payments, and the ability to compare various travel options. Market players are actively offering travel services through mobile websites and apps, catering to the preferences of younger professionals who favor these mediums for their travel bookings. In 2022, the Travel and Tourism Council contributed 7.6% to the global GDP, marking a 22% increase from...
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