Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Online Travel market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East, and Africa.
Online Travel providers seek to make the process of travel planning and bookings simple and easy for customers. The online travel has quick and convenient flight and hotel bookings, safer online payment methods, availability of multiple choices and comparison options. It focused on offering travel services through a different platform such as mobile websites and apps to attract the young and professional crowd.
The global Online Travel market is estimated to be USD xxxx million in 2019 and is expected to reach USD xxxx million by 2026, with a CAGR of xxxx% during the forecast period.
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The Priceline Group
Thomas Cook Group plc
Alibaba Group Holding Limited
Hays Travel limited
Market Driver and Restraint
Following the rising adoption of social media, increased internet penetration, and the features that without the constraints of time on travel bookings, the Global Online Travel market is expected to grow significantly in the coming years. Since the continuous development of e-commerce and m-commerce seems to bring in upsurge demand for travel booking internationally, which will be a great help to drive the global Online Travel market.
Further, according to the study, those Online Travel suppliers who offer booking services on the internet, such as the air-flight and hotel reservations, are in command of the prevailing market in the coming 4 years. By this way, and coupled with the popularized reviews and travel experiences sharing by TravelAdvisor on the website, the global Online Market will achieve a notable expansion during the forecast period.
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Forecast by Geography
The global Online Travel market in North America accounted for the majority revenue in past few years and is expected to continue its expanding in the coming years, this is attributed to the capability of high consumption in the region. However, under a predictive sight of more and more young travelers are emerging in this market, some countries in Asia-Pacific areas such as India are estimated to experience positive growth in the forecast period, with a growth rate at CAGR up to 18.5% in the near future, due to the rising amount of youth population in this region.
This report mainly based on the ways of booking and segmented the market into Online Travel Agencies and Direct Travel Suppliers within other assorted types like by platforms and the way of services provided. Even if the type of direct travel suppliers segment accounted for nearly 60% share in the year of 2015 among the global online travel market, it is anticipated that online travel agencies to take over the dominant position owing to their efforts in solidating their customer base to absorb massive inflow.
• Transportation Booking
• Travel Accommodation Booking
• Vacation Packages
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• Online Travel Supplier/ Agencies
• Tourism Consultancy Firms
• Travel Industry Investors
• Technology Solution Providers
• Travel Experiencing Researchers