The global travel market size is estimated to grow by USD 2.86 trillion from 2024-2028, according to a leading global technology research and advisory company Technavio. The market is estimated to grow at a CAGR of 11.1% during the forecast period. Growing popularity of experiential travel is driving market growth, with a trend towards increasing international tourist footfall. The online travel market is booming, with a significant increase in bookings during the pandemic. Domestic tourism is on the rise as people opt for micro trips and new experiences. Mobile apps and online travel agents are making holiday planning easier, offering customized tours, private tours, and luxury travel packages. Car rentals and accommodation facilities are also adopting digital transformation, providin...
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