Press release
Online Travel Agencies IT Spending Market expected to reach at ~USD972.5 B, May Witness a Growth Rate of 26.0% by 2022
Online Travel Agencies IT Spending Market
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Summary
Market Snapshot:
Online travel agencies are the IT services which is depend on technology and IT services to execute airline bookings, hotels, cruise, car and other services. The online travel industry is primarily made up of travel e-commerce sites and review sites. Travel e-commerce sites specialize in the selling of travel products such as flights, hotels, and rental cars. These can be either purchased directly through a travel company’s website, such as the Lufthansa website, or through an online travel agency (OTA), such as Expedia.
According to HTF MI, the Global Online Travel Agencies IT Spending market is expected to reach USD972.5 Billion by 2022 growing at a CAGR of 26.0%.
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Market Trend
Different features are gaining the market
Discounts, promo code is expanding the stable market
Market Drivers
Provide agile, flexible and cost effective IT infrastructure solutions for a glitch free booking experience
All kind of booking options on the same online portal
Challenges
Hotels and airlines have launched major campaigns encouraging consumers to book direct
Rising threat from new entrants looking to expand their market shares
The key Players profiled in the report are Amadeus (Spain) , Navitaire (United States) , Sabre (United States) , Travelport (United Kingdom) , Dimension Software , Lemax (Europe) , mTrip (Canada) , Oracle (United States) , PcVoyages 2000 (Canada) , Qtech (India) , Technoheaven (India) , Toursys (Costa Rica), Tramada (United States), TravelCarma (India), Trip Solutions (England) and Booking (Netherland).
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Table of Contents
1 Market Overview
1.1 Online Travel Agencies IT Spending Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Online Travel Agencies IT Spending Type and Applications
2.1.3 Online Travel Agencies IT Spending Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Online Travel Agencies IT Spending Market Competition, by Manufacturer
3.1 Global Online Travel Agencies IT Spending Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Online Travel Agencies IT Spending Revenue and Market Share by Manufacturer (2016-2017)
3.3 Global Online Travel Agencies IT Spending Price by Manufacturer (2016-2017)
3.4 Market Concentration Rate
3.5 Market Competition Trend
4 Global Online Travel Agencies IT Spending Market Analysis by Regions
5 North America Online Travel Agencies IT Spending by Countries, Type, Application and Manufacturers
6 Europe Online Travel Agencies IT Spending by Countries, Type, Application and Manufacturers
7 Asia-Pacific Online Travel Agencies IT Spending by Countries, Type, Application and Manufacturers
8 South America Online Travel Agencies IT Spending by Countries, Type, Application and Manufacturers
9 Middle East and Africa Online Travel Agencies IT Spending by Countries, Type, Application and Manufacturers
10 Global Online Travel Agencies IT Spending Market Segment by Type
11 Global Online Travel Agencies IT Spending Market Segment by Application
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