CTRP - Expedia Booking And TripAdvisor Compared
The travel industry has changed significantly in the past decade. Around the world, people have moved from the going to a physical travel agency to using website and applications. This has led to the introduction of Online Travel Agencies (OTA) and home sharing services like Airbnb (AIRB). Recent estimates show that the industry will reach $1.022 trillion in 2022. This will represent an 11% Compounded Annual Growth Rate (OTCPK:CAGR).
Growth in this industry is mostly because of the increased competition in the airline and hospitality industries coupled with the expanding middle