Press release
Online Travel Market: Evolving latest trends to lead Global industry by 2022 | Market Players (Expedia, Priceline Group, TripAdvisor, Orbitz )
Online Travel Market
Global Online Travel Market Overview:
According to Market Analyst, Global Online Travel Market is projected to grow at a healthy growth rate from 2018 to 2022.
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Growth of the online travel market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.
The primary market drivers are the increased spending power of the people, growing internet and credit card penetration, governmental initiative to spread tourism, emergence of new online segments and the much anticipated growth in civil aviation market.
Based on booking platforms, the market is segmented into mobile and desktop. Mobile platform attributes to market revenue and is anticipated to witness highest growth in coming years. This is attributed to increased penetration of smartphones and growing confidence of people in safety of mobile payments.
On the Basis of Industry, Online Travel Market Splits into Architecture, Entertainment, Medical care, Military, Bank.
Regionally, North America accounted for the majority revenue. however, Asia-Pacific is estimated to overtake North America in coming years to become the leading revenue-generating region. This is attributed to growing disposable income, growth in middle-class segment, increased penetration of Internet facilities, and increase in the number of youth population in emerging markets of Asia-Pacific.
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The Market is segmented and projected on the basis of major key player’s:
1 Expedia
2 Priceline Group (Booking.com)
3 TripAdvisor
4 Orbitz
5 Ctrip.com International
6 Hostelworld Group
7 Hotel Urbano Travel
8 CheapOair
9 Trivago
10 Thomas Cook Group
The Market is segmented and projected on the basis of major Region Segmentation
1 North America Country (United States, Canada)
2 South America
3 Asia Country (China, Japan, India, Korea)
4 Europe Country (Germany, UK, France, Italy)
5 Other Country (Middle East, Africa, GCC)
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Key Questions Answered in this Report:
1 What will the market size be in 2022?
2 What are the key factors driving the Online Travel Market?
3 What are the challenges to market growth?
4 Who are the key players in Online Travel Market?
5 What are the market opportunities and threats faced by the key players?
TABLE OF CONTENTS
1 Online Travel Definition
2 Global Online Travel Market Major Player Share and Market Overview
3 Major Player Online Travel Business Introduction
4 Global Online Travel Market Segmentation (Region Level)
5 Global Online Travel Market Segmentation (Type Level)
6 Global Online Travel Market Segmentation (Industry Level)
7 Global Online Travel Market Segmentation (Channel Level)
8 Online Travel Market Forecast 2018-2022
9 Online Travel Segmentation Type
10 Online Travel Segmentation Industry
11 Online Travel Cost Analysis
12 Conclusion
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