Online Travel Market 2019
As per a new report, the global online market is likely to witness growth in the next few years. The global online travel market is anticipated to expand to USD 1955 billion by 2026, growing at a CAGR of 12.1% from 2019 to 2026. In 2017, the market size was valued at approximately USD 765 billion. There are various factors that will influence the market growth in the future which include increasing disposable income, changing lifestyles and easier booking process.
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Additionally, online travel market players are offering amazing travel services through mobile websites and apps in order to attract more number of customers, which is expected to fuel the market in the future. Also, the customers’, especially young professionals look for online ways for travel bookings in order to ease the booking process which will also drive the market growth in the future.
Moreover, young travellers are more inclined to spend the amount on travel and check new destinations as compared to the higher age-group category people. Growing dependency on internet and increasing adoption of social media platforms to make the bookings will fuel the market size in the future. With the help of comments on the e-commerce websites, people can review hotels and can share their experiences which in turn help more number of travellers while planning their trip.
With growing market opportunities in the global online travel market, more number of players is expected to foray into this market in the future. Also, the key players can face healthy competition in the future and there can be more mergers & acquisitions, joint ventures in the future that aimed at enhancing company’ presence in more geographies.
Market Segment by Top Companies, this report covers
The market for global online travel market has been segregated into type and application. Based on the type, the market has been segmented into Online Travel Agencies and Direct Travel Suppliers. Based on the application, the market has been segmented into Transportation, Travel Accommodation and Vacation Packages.
Detailed Regional Analysis
The market of the global online travel market has been analysed across United States, Europe, India, Japan, China, Southeast Asia and Middle East & Africa (MEA). Region wise Asia-Pacific possesses the highest growth potential in the online travel market share with India and China being the most attractive markets and will enjoy their leading position in the future as well. Due to growth in the e-commerce industry, people are able to make hassle free bookings. North America, especially the United States also plays an important role in the online travel market. The market size in Europe is also expected to significantly grow in the coming years. Rapid technological advancements, more usage of latest devices such as smartphones, tablets, and laptops have made the entire process easier which in turn inspire travellers to make bookings online. From planning itinerary to hotel booking to getting great discounts, the e-commerce companies make the entire booking process much convenient which is yet another reason of growth in the online travel market across the world.
Table of Contents –Analysis of Key Points
1 Online Travel Market Overview
2 Manufacturers Profiles
3 Global Online Travel Market Competition, by Players
4 Global Online Travel Market Size by Regions
5 North America Online Travel Revenue by Countries
6 Europe Online Travel Revenue by Countries
7 Asia-Pacific Online Travel Revenue by Countries
8 South America Online Travel Revenue by Countries
9 Middle East and Africa Revenue Online Travel by Countries
10 Global Online Travel Market Segment by Type
11 Global Online Travel Market Segment by Application
12 Global Online Travel Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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