A comprehensive analysis of the different factors and parameters is carried out in the report that has been published on the global online travel market. The market concentration of the products sold in the different market segments is identified and is presented in the report. Risks and challenges that are faced by various companies or individuals in the market have been identified and are analyzed to identify solutions to the problems. The various market segments that make up the global online travel market have been classified into their respective segments and are presented in the report in detail.
The online travel industry has experienced a few changes in the course of the most recent decade, attributable to innovation propels. Utilization of innovation in the movement business has made some amazing progress since the global distribution system (GDS) because of the utilization of portable applications and the rising entrance of the Internet. This has helped in changing the procedure of travel booking, making it simple and quick. With this, the procedure for travel booking has encountered a huge move from physical to web appointments, and now versatile stages. Internet-based life stages have risen as a noteworthy influencer and a powerful advertising stage for online visit organizations. Along these lines, web-based life stages help online travel organizations to advertise their administrations and carry straightforwardness and simplicity to the whole procedure.
The global online travel market is expected to grow at USD 1,134.55 billion by 2023 with a CAGR of 13.16% during the forecast period.
The online travel industry is segmented on the basis of its booking mode, platform type, service type, and regional demand. Based on its platform type, the market is divided into the desktop-based platform and mobile/tablets based. On the basis of its mode of booking, the market is bifurcated into direct travel facilitators and online travel agencies. Based on its service type, the market is divided into accommodation, transportation, and vacation packages, and regional demand.
The data that has been collected regarding the global online travel market has been collected from a variety of sources, both primary and secondary sources. This ensures the veracity of the data collected and can also be used as a benchmark for other sources of data. One of the primary analysis methods is the SWOT analysis that identifies different parameters of a company. The strengths and opportunities that can be exploited by a company to boost its market share are identified.
Geographically, the global online travel industry is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
The major companies that occupy a large chunk of the global online travel market in the different regions that are mentioned in the report are identified and are listed in the report. The technological advancements that have taken place that have enabled a few companies to gain a competitive edge over the others are categorized based on the different companies.
MakeMyTrip (India) Pvt. Ltd (India), Alibaba Group Holding Limited (China), Airbnb Inc. (US) and eDreams ODIGEO SA (Luxembourg), Expedia Inc. (US), Booking Holdings Inc. (US), TripAdvisor Inc. (US), Ctrip.com International Ltd (China), Ryanair DAC (Ireland), Thomas Cook Group PLC (UK), among others are some of the major players in the global online travel industry.
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Table of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Online Travel Market, By Platform Type
7 Global Online Travel Market, By Mode of Booking
8 Global Online Travel Market, By Service Type
9 Global Online Travel Market, By Region
10 Competitive Landscape
11 Company Profiles
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