This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the online travel booking industry. The report analyzes and declares the historical and current trends analysis of the online travel booking industry and subsequently recommends the projected trends anticipated to be observed in the online travel booking market during the upcoming years.
The online travel booking market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire online travel booking market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The volume (Units) and value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the online travel booking industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the online travel booking industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the online travel booking market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the online travel booking industry. The online travel booking market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the online travel booking sector. Key strategic developments in the online travel booking market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the online travel booking market are appropriately highlighted in the report.
Online travel booking is a service that is available on platforms such as online browsers, websites, etc. The online travel booking can be done for various industries such as hospitality, travel and tourism, accommodation, and amongst others. The process of an online travel booking or online registration is quick and easy mostly due to technological advances and digital trends, such as electronic handheld devices like tablets, smartphones, and laptops, are constantly being updated with new features. This is one of the key reasons likely to drive the online travel booking market in the forecast period. Growing digitization and globalization across the world are also of the major factors that are expected to drive the market’s growth. Additionally, the rise in internet penetration, increasing disposable income of people in emerging countries and the ease of comparing different online travel choices are expected to drive the online travel booking market in the future. Online travel booking service can be accessible all day long and it also helps to save time and efforts of consumers to book any service. Thus, it is expected to grow the online travel booking market at a significant CAGR of 13% over the forthcoming years. The service model of the online travel industry provides numerous services on a standalone platform. Furthermore, they have embedded all modes of accommodation and transportation on one platform that has encouraged the end-user to prefer the same. It is anticipated that these key factors will aid the sustainable growth of the online travel booking market. But, the variation in social and economic conditions is a major hindering factor that may slow down the growth of the online travel booking market. The parameters such as stringent rules and regulations imposed by the regulatory bodies or Governments on the boarding of international travel, eligibility for business travel Visas, etc. may exhibit the up and down in the traveling industry growth. In addition, frequent changes in international economies such as changes in U.S. economies directly impact on traveling industry growth which in turn adversely affects the online travel booking industry.
The online travel booking market research report delivers an acute valuation and taxonomy of the online travel booking industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the online travel booking industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the online travel booking industry is provided for the leading economies of the world.
Online travel booking industry report is segmented based on service, mode of booking and platform. Service-wise, the market is classified into transportation Booking, accommodation booking, and Others. In terms of mode of booking, the market segment is sectored into online and direct-agency. On the basis of the platform, the market is bifurcated into desktop and mobile.
Some of the essential players operating in the online travel booking market, but not restricted to include Airbnb, Inc., MakeMyTrip Limited, Ctrip.com, International, Ltd., E-dragon Holdings Limited (eLong), Ibibogroup, Hays Travel, Hostelworld.com Limited, priceline.com LLC, Thomas Cook, Trivago, Expedia Group, Inc, Fareportal, Inc., TripAdvisor LLC, TUI Group.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Attractiveness – By Service-Type
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