Rapid technological advancements and increasing penetration
of internet to drive global online travel booking market through 2024
According to TechSci Research report, “Global
Online Travel Booking Market By Service Type, By Mode of Booking, By Platform, By Region, Competition, Forecast & Opportunities, 2024”, global
online travel booking market is anticipated to witness rapid growth during the
forecast period on account of emerging technological improvements and digital
trends. Moreover, rising disposable income of people in emerging countries and
ease of comparing various travel options online is further expected to boost
the market. The key factors responsible for the popularity of online travel
booking platform market are smartphone penetration and growing internet penetration
in homes, offices and public places across the globe. Additionally, the
countries like India, China, Japan, the US, and the UK are providing free Wi-Fi
for the citizens which is further aiding the growth of global online travel
booking market. Priceline Group
Inc., Expedia, Inc., Ctrip.Com International Ltd., Trip Advisor LLC,
Hostelworld Group, Hotel Urbano Travel, Trivago GmbH, MakeMyTrip Limited,
Thomas Cook Group Plc. and CheapOair.Com., among others are the leading players
operating in global online travel booking market.
Browse
market data Tables and Figures
spread through Pages and an in-depth TOC on " Global Online Travel Booking Market"
Global
online travel booking market can be segmented based on service type, mode of
booking, platform and region. Considering the mode of booking, the market can
be segmented into third party online portals and direct/captive portals. Among
them, direct/captive portals segment accounted for the largest market until 2018
and is expected to maintain its position during the forecast period as well,
however, a gradual reduction in its market share is expected, on account of
growing popularity of third party online portals as they are providing
attractive offers in order to attract travelers and increase their customer
base. In terms of region, Asia-Pacific is anticipated to record the highest
growth through 2024 owing to increasing middle-class segment, rising
penetration of Internet facilities and growing youth population.
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“Global online travel booking
market is anticipated to grow at a robust rate during the forecast period on
account of growing technological advancements and convenience of the web for
better travel prices and accommodations. Moreover, several offerings such as
medical tourism and eco-tourism are boosting demand for online travel booking. Additionally,
several hotel and airlines are generating direct hotel bookings via their own
websites and mobile applications, which is further propelling global online
travel booking market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Online Travel Booking Market By Service Type,
By Mode of Booking, By Platform, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global online travel booking market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global online travel booking market.
India Travel & Tourism Market, By Product/Service Offering, By Type
(Domestic, Inbound, etc.), By Purpose of Visit, By Tourist Profile, By Average
Duration of Stay, By Mode of Travel, Competition Forecast and Opportunities,
2013 – 2023
Australia Travel & Tourism Market By
Product/Service Offering (Ticket Reservation, Hotel Booking, Holiday/Tour
Packages, Travel Insurance, etc.), By Type (Domestic, Inbound &
Outbound),By Purpose of Visit (Business, Leisure & Recreation, Education,
etc.), Competition Forecast & Opportunities, 2014 – 2024
Contact
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Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
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