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E-Tourism Market By Type (Computer Reservation System, Property Management Systems, Social Networks, & Global Distribution Systems), By Application (Hospitality Industry and Aerospace & Medical Industry), and By Regions – Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Covid-19

Global E-Tourism Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[196+ Pages Report] According to Facts and Factors' newest study, the global E-tourism market was valued at over USD 886.07 billion in 2020, and is predicted to reach USD 1,699.80 billion by the end of 2026, rising at an extraordinary CAGR of nearly 11.50% between 2021 and 2026.

logoMarket Overview

E-tourism is the package that refers to the use of technological and virtual communication for integrating the tourism sector. E-tourism involves the digitization processes that are involved in the traditional tourism market for better functionality and usability for quicker solutions in sectors of the value chain that deal with the logistics of the following. It involves procurement and booking of flights, hotels, reservations, car renting services, and other forms of travel that are required. The E-tourism industry relies heavily on internet-based services for all forms of support that make the consumers travel more leisurely and comfortably on. Furthermore, they provide a smooth form of communication between all chains involved in the process.

logoIndustry Growth Factors

The major factor associated with the steadiness in the growth of the e-tourism sector can be contributed to the comfort that comes associated with a well-implemented system. Electronic communications allows for a far greater reach across consumers in untapped markets. Furthermore, with growing connectivity services and greater advancements in technology in the smartphone sector, the growth of the e-tourism market seems to be capped at a stable rate for the forecast. Furthermore, complete access to all the latest travel guides and access points to relevant locations help consumers plan their routes in a well-advanced manner. This takes away the major physical exertion consumers feel during travel plans. These factors further propel the growth of the e-tourism market to a great extent.

The heavy dependency on technological framework might restrain the growth of the e-tourism market to a certain extent. Additionally, the lack of compatible computers or smartphones on consumers for easy access will also hamper the growth of the market during the forecast period. Furthermore, with an increase in phishing attacks and misleading information being posted all across the internet, consumers are bound to fall for these pitfalls which takes away some share of the consumer base from the e-tourism market.

E-Tourism Market

logoSegmentation Analysis

The global e-tourism market can be segmented on the basis of type, applications, and regions.

On the basis of type, the global e-tourism market can be divided on the basis of computer reservation systems, property management systems, social networks, and global distribution systems. On the basis of applications, the global e-tourism market can be divided into the hospitality industry and the aerospace & medical industry. The hospitality industry is expected to witness the highest market share during the forecast period owing to an increase in demand from consumers for international and inter-region travel.

logo Regional Analysis

North America is expected to recoup the largest market share during the forecast period. Factors pertaining to technological advancements with improved access systems for consumers will drive the market in the region. Additionally, the region possesses some of the most aesthetic visual creations in the world which makes them a constant hotspot for global tourist hoarding. Additionally, the region of Asia-Pacific is expected to witness the highest growth CAGR during the forecast period. Countries in the region that account for the largest contribution in the region are Japan, India, and China.

logo Competitive Players

The major participants in the global e-tourism market are Aban Offshore Ltd., Crown Ltd., Accor Group, Balkan Holidays Ltd., Fred Harvey Company, and G Adventures, among others.

logo By Type Segment Analysis

  • Computer Reservation System
  • Property Management Systems
  • Social Networks
  • Global Distribution Systems

logo By Application Segment Analysis

  • Hospitality Industry
  • Aerospace & Medical Industry

logo By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Covid-19

E-Tourism Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Aban Offshore Ltd.
  • Crown Ltd.
  • Accor Group
  • Balkan Holidays Ltd.
  • Fred Harvey Company
  • G Adventures

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating E-Tourism Market.
According to Facts and Factors research report, the global E-Tourism Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new E-Tourism Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for E-Tourism Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of E-Tourism Market in North America over coming decade.
The key market participants include xx, xx, xx
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