Online Travel Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
The online travel industry is an e-commerce platform which provides easy free booking and purchasing experience to the customers. Online travel platforms have various services like online reservation systems, travel accommodation, holiday trip packages and car or bike rental facilities.
Global Online Travel Market Segments Size & Growth:
Global Online Travel Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in tourism, secure online payment facilities, secure travel bookings, and ability to compare different travel websites. Though, changing socio-economics and online security issues hamper the growth of the global online travel market.
Global Online Travel Market Segments Share:
Global online travel market is categorised into by mode of booking which consists of direct travel agencies and online travel agencies. Online travel agencies are expected to grow at a quick pace due to the emerging start-ups and secure bookings. By platforms,
Online Travel Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
it is classified by smartphones and desktops. Smartphones are the leading market due to the increase in some user and other smart devices. By service, it is segmented as travel accommodation, ticket booking, car rental, and holiday packages. Ticket booking is projected to have a high growth owing to the secure online transactions and easy to compare between various OTA. Age group of 32-43 years occupies significant share in the global online travel market, whereas the young traveller of age 22-31 years, would be increasing due to the extreme usage of smartphone and social media to plan their trips.
By Geography, North America is dominating the growth of the global online travel market and the growth in North America is mainly attributed because of the technological enhancements and large of smart devices. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to the rise in adoption of social media and increase in the youth population.
Global Online Travel Market
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Online Travel Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Segments Trends:
- MakeMyTrip Ltd., launched a new service “Made for You Holidays” to increase the domestic travel sector.
- Yatra Online Private Limited has launched a platform for small & medium enterprise a self-booking service without any cancellation charges.
Global Online Travel Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Yatra Online Private Limited
- Com International, Ltd.
- Hostelworld Group
- Thomas Cook Group Plc
- Hotel Urban Travel and Tourism S.A.
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