Pick the Right Online Travel Agency Software for Your Business in 2023

By TI Infotech Team, on June 7, 2023

Introduction

Travel portal software is here to stay for the long term. The growing adoption of digital channels and a need for airlines and travel companies to capture more data from their customers, have led to an increase in demand for online booking platforms. Travel portal software delivers valuable insights by providing actionable analytics and data science services that help optimize customer experience and improve business performance. The actionable insights provided by travel portal analytics and data science services can help optimize customer experience and improve business performance, thus increasing revenues across various verticals such as leisure travel, corporate travel, economy/budget airline tickets, hospitality sites etc.

Global travel portal software market size to hit USD 67.6 billion by 2023.

The travel portal software market size is growing at a CAGR of 18.9% between 2018 and 2023. In terms of value, the global travel portal software market was valued at USD 43 billion in 2018 and is expected to reach USD 67.6 billion by 2023.

The major factors driving this growth are increasing number of people travelling globally, increasing number of applications on mobile phones, rising adoption of social media platforms in various countries across the globe and rapid technological advancements that enable businesses to stay connected with their customers anytime anywhere through smartphones or tablets etc.

US, Europe, APAC are the leading countries in travel portal development owing to high adoption rates and the presence of key players in the region. The US and Europe are the leading countries in travel portal development owing to high adoption rates and the presence of key players in the region. In Asia Pacific (APAC), Japan is set to be one of the biggest markets but with a limited number of players.

In terms of numbers, it’s estimated that there are over 500 million travelers worldwide who use travel websites each year. This means that almost half of all travelers go online for their trip planning needs!

The B2B segment is expected to grow at a higher rate than that of the B2C segment over the next few years.

The B2B segment is expected to grow at a higher rate than that of the B2C segment over the next few years. This is because businesses need more advanced solutions such as Online travel agency software in order to provide their clients with better services.

Moreover, there are many benefits of using travel portal software for your business:

It helps you create an online presence for your company and brand name. With this kind of tool, it will be easier for you to build up trust among customers by providing them with valuable information about your services and products. And since users nowadays prefer interacting with companies via social media channels rather than calling them directly (which costs extra money), having an effective website would definitely make them think twice before choosing another one over yours!

The rising number of end-users and an increasing demand for online booking platforms is leading to a significant increase in revenues in the global travel portal software market. The travel portal software market size to hit USD 67.6 billion by 2023, growing at a CAGR of 12.4% from 2019 to 2023, according to a new report by Transparency Market Research (TMR).

The US and Europe are the leading countries in travel portal development owing to high adoption rates and the presence of key players in these regions. The APAC region is expected to emerge as a significant market during the forecast period because it has huge potential for growth due to increasing number of end-users and an increasing demand for online booking platforms

The actionable insights provided by travel portal analytics and data science services can help optimize customer experience and improve business performance.

Analytics and data science services can help optimize customer experience and improve business performance.

Some of the key players in this market are GTA, Sabre Corporation, Travelport, Amadeus IT Group SA, and Travel Technology Interactive (TTI).

In this market, there are a few key players:

Travel Technology Interactive (TTI)
Amadeus IT Group SA (Amadeus)
Sabre Corporation

Each company has its own strengths and weaknesses. For example, TTI has a very strong e-commerce platform that allows them to offer low fares for airlines and hotels. However, they don’t have as many suppliers as other travel agencies do so it can take longer for customers to find information about their trip on the site. The downside of using TTI’s website is that there isn’t much flexibility in terms of price points or availability; if you want something else apart from what’s available through your usual airline or hotel chain then you’ll need another provider like Expedia or Priceline who specialize mainly in selling flights rather than accommodation only services mean more flexibility when looking at different options available within each category such as hotels near airports etcetera…

Travel portal software is here to stay for the long term.

The travel industry is one of the most important industries in the world, and it’s growing at an exponential rate. It’s no surprise that companies would want a piece of this market—especially given how much money can be made from it! In fact, travel portal software has become so popular that there are now multiple options available for small businesses looking to get involved with online booking services.

However, choosing which tool is right for your business can be confusing if you’re new to this industry or have limited knowledge about what products are out there (or even whether they exist at all!). So before diving into any decisions yourself: make sure you check out our list below so we can help guide you through each option available today!

Conclusion

Travel portal software is here to stay for the long term, and it’s going to take a while before we see any signs that it might die out. There are just too many benefits to keeping up with new trends and staying on top of emerging technologies. With so many different types of travel agencies out there, you should be able to find one that fits your needs perfectly.!