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Rajnish Kumar
Rajnish Kumar

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Discover The Potential of eCommerce Tourism Marketplace in 2023

As the world economy strives to regain lost ground, disrupted by the worldwide pandemic, sectors affected the most, are catapulting back to greater strengths. In fact, the pandemic – instilled value of eCommerce, has been providing a robust launchpad across industry spectrums. The tourism industry as well, stands to benefit from online channels.

Interestingly, the global online travel market size is estimated to reach $1,835.6 billion by 2031, registering a CAGR of 14.8% from 2023 to 2031. This growth has led to a surge in the demand for digital tourism marketplaces.

Since, tourism marketplaces are online platforms connecting travelers with multiple service providers of travel-related services, such as flights, accommodations, tours, and activities, it is easier to gain user traction due to the often wide-ranging options available. This ease in gaining popularity amongst users, further fosters growth.

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