South America 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
Online travel is an e-commerce service platform which provides online booking of tickets and travel accommodations before reaching the desired destination. Online travel helps to a travel plan through online and comparing of various plans offered by different travel agencies.
South America Online Travel Market Segments Size & Growth:
South America 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 South America online travel market.
South America Online Travel Market Segments Share:
South America 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
South America 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
start-ups and secure bookings. By platforms, 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 South America 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, South Africa is dominating the growth of the South America online travel market and the growth in South America is mainly attributed because of the technological enhancements and large of smart devices. Furthermore, Middle East is witnessing the fastest growth during the forecast period, due to the rise in adoption of social media
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South America 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
and increase in the youth population.
South America Online Travel Market Segments Trends:
- In March 2017, CheapOair has launched unique city guides for ten different U.S. destinations to inspire travellers.
- In October 2017, TripAdvisor is providing a new service for restaurant owners to advertise their services.
South America 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.
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