APIs amp XMLs to Develop Travel Booking Software Platform Travelomatixcom

In the last ten years, the travel sector has seen remarkable expansion driven by multiple factors. Firstly, technological advancements have completely transformed the process of planning, booking, and enjoying travel. The widespread use of smartphones and internet connectivity has given travelers immediate access to information, booking platforms, and reviews, significantly enhancing the accessibility and convenience of travel.

Furthermore, globalization and the increase in disposable incomes have contributed to a significant rise in international travel over the past decade. More individuals are now venturing beyond their borders to explore diverse destinations, adding to the momentum of growth in the travel industry. Flight aggregators play a larger role in digital transformation from a conventional agency to full scale OTA model (online travel agency).

Flight APIs are key tools that allow travel agencies, DMCs, distribution platforms and extranets to provide great value to customers. Customers can search the flight prices & deals globally and book it online.

Develop Travel Booking Engine with APIs - https://www.travelomatix.com

As per the current market research, the global tourism market size is expected to record a CAGR of 3.7% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of US$ 8,880 Billion. By 2032, the valuation is anticipated to reach US$ 12,314 Billion. ‘All-in-one-place’ online travel portal platforms have improved the user experiences to another level. According to Statista, OTA revenue is expected to show an annual growth rate of 10.8% over the next five years.