Online Travel Market 2019-2023 Global Key Leaders: Expedia, The Priceline Group, TripAdvisor, Ctrip, Hostelworld Group
The traditional way of planning for a trip, be it official or leisure, often used to consume unnecessary time. Online travel industry simplified the entire process by introducing e-commerce websites with which one can have hassle-free booking and buying experience. The market is further getting sparked by gradual adoption of digitization at every level. Flight and hotel bookings mainly drive the market. People can check these sites reliability by going through the ratings and comments left by other users. Social media is also playing a pivotal role in impacting this market growth.
These sites are also providing an opportunity to compare prices of various deals which gives buyers an added advantage. The global Online Travel Market is expecting a stellar 12% CAGR during the forecast period (2017-2023), and the market can reach a valuation of USD 12 billion during this time. Market Research Future’s (MRFR) report on the industry has an all-inclusive approach that would assist in having a detailed prediction of the said market.
On the flip side, relying completely on the reviews can mar the experience of the users. Complete reliance on the web can also compromise personal data. This can hinder the potential market growth.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5182
The competitive market is heavily relying on strategies that have their focus on collaborations, merger, and acquisitions. For instance, Thomas Cook has a strategic alliance with Expedia for their European market. Expedia, Orbitz, and Travelocity are collaborating with Universal Air Travel Plan, Inc. (UATP) for their payment service which can be seen as exemplary.
Some of the prominent players in the global online travel market are Expedia, Inc. (U.S.), The Priceline Group (U.S.), TripAdvisor Inc. (U.S.), Ctrip (China), Hostelworld Group (Republic of Ireland), Hotel Urbano (Brazil), CheapOair (U.S.), Trivago (Germany), Thomas Cook Group plc (U.k), MakeMytrip Inc. (India), Alibaba Group Holding Limited (China), eLong (China), TUI Group (Germany), Tuniu (China), AirGorilla, LLC (U.S.), Hays Travel limited (U.k), Airbnb (U.S.), and Yatra.com (India) and others.
Destygo, based out of Paris, is offering a chatbot solution for travel where the bots are going to provide all the travel-related assistance to users. They are already building chatbots for companies such as Carlson Wagonlit Travel and Iberia Travels.
The blockchain is now getting introduced in the market. Lockchain, a company has already implemented this idea that uses back-end tools to streamline booking, flight planning, payment, and other functionalities.
Access PR Details @ https://www.marketresearchfuture.com/press-release/online-travel-market
The global online travel market can be segmented by platform, mode of booking, and service type.
By platform, the market can be segmented into mobile and desktop.
Based on the mode of booking, the market includes online travel agencies and direct travel supplies. Although direct travel supplies hold the major share of the market revenue at present, online travel agencies are going to gain the most during the forecast period owing to its hassle-free execution.
Based on service type, the market comprises transportation, accommodation, vacation packages, and others.
Region-specific segmentation of the global market includes namely Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America is currently standing on the crest with the maximum share of the market. Fast-speed life in the region has also spurred the growth of the said market as many do not prefer spending much time for planning. At the same time, growing adoption of digitization and technological advancement in the region have set up a perfect space for the market to flourish. Across verticals, penetration of the e-commerce segment has given the market further boost.
The APAC region is to grow with the fastest CAGR as emerging economies of the region are showing significant promise. The huge population of the zone is also a major factor that can take the market further ahead at a considerable speed.
Access Report Details @ https://www.marketresearchfuture.com/reports/online-travel-market-5182
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Solutions, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune – 411028
+1 646 845 9312
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Online Travel Market 2019-2023 Global Key Leaders: Expedia, The Priceline Group, TripAdvisor, Ctrip, Hostelworld Group here
News-ID: 1524106 • Views: 174
More Releases from Market Research Future
Infrared Sensor Market Emerging Audience, Segments, Market Sales, Profits | Top …
Market Synopsis As per the analysis by Market Research Future Reports (MRFR), the global Infrared Sensor Industry is estimated to expand from USD 387.4 million in 2018 to USD 747 million by 2025 at a CAGR of 10% during the review period. The increasing need for automation equipment for constructing automation is propelling the expansion of the global infrared sensor market 2020. Due to the low requirement, infrared sensors have
Image Signal Processor Market Emerging Audience, Segments, Market Sales | Top Ke …
Market Scenario: The Global Image Signal Processor & Vision Processor Market was valued at USD 2.67 Billion in 2018 and is expected to reach USD 4.12 Billion by the end of the forecast period with a compound annual growth rate (CAGR) of 6.49%. The Global Image Signal Processor Market is expected to depict a significant market growth during the forecast period. Image signal processing involves converting any image into digital form using
Data Center Construction Market Research Report - Global Forecast till 2026 Tren …
Market Highlights The data center is a combination of servers for distribution & collection and storage of data. All data processing needs a special facility, and data center construction is the combination of all these systems. The growing digitalization has resulted in high data production that requires highly efficient data processing, which has increased the improvements in data center designs. Data center construction is carried by keeping several points into consideration
Cloud Computing Market Research Report - Global Forecast till 2026 Analysis, Reg …
Market Highlights Market Research Future (MRFR) anticipates robust prospects for the cloud computing market 2020, which is set to advance at a rate of 19.4% between 2018 and 2024. MRFR also projects the market to touch a remarkable valuation of USD 340.5 billion by 2024-end. We will provide covid-19 impact analysis with the report. The COVID-19 mobile gaming market research offers an in-depth analysis following the coronavirus disease outbreak. COVID-19 Analysis In
More Releases for Travel
Las Vegas Travel Tips
The city of Las Vegas is known as a universal goal of betting in the clubhouse that are situated over this city and the nightlife that is offered to the voyagers, who visit this goal from various parts of the world. For single ladies voyagers to Las Vegas, the season of New Year ought to have stayed away from as the city is uncommonly swarmed amid this time. Nonetheless, the
City Travel Briefing: Paris
Paris has been resilient as one of the world's leading tourist destinations despite a host of challenges related to security, accommodation and overcrowding. With a clear focus on reinventing the city for the modern traveller by transforming its infrastructure, culture and attractions, Paris is well placed to compete with emerging cities vying to become the tourist destination of choice. This report outlines Paris's strategy in attracting new (and old) holidaymakers
TRAVEL KA BAAP
Travel Ka Baap Travel World Under One Roof 28 December 2016, DELHI, INDIA TKB Group(www.travelkabaap.com) exists to provide Advance travel platform. Ultimately, the motto is to centralize the tourism industry at the single platform. Purpose –TKB Group exists to provide fast & feasible Travel Solutions, Consulting & Unique portal to Industries and individuals verticals in India and across the Globe.TKB Group sells solutions & results. TravelKaBaap is a growing company in which a traveler
Tonga Travel Guide Launched
South Pacific Travel has launched its online Tonga Travel Guide with 125 pages of maps, photos, drawings, and travel information. Tonga.SouthPacific.org is based on the Kingdom of Tonga chapter from Moon Handbooks South Pacific, now fully updated by the original author David Stanley. The 11 digital map files used in the printed book have been modified for web use. The site outlines the many sports and recreation opportunities in Tonga. The
Kanoo Travel Launches New Luxury Travel Brochure
Partners with American Express Vacations to offer its Middle East customers a wide array of exciting travel destinations combining high quality with excellent value for money. Dubai, United Arab Emirates, September 1, 2009: Kanoo Travel, the largest travel company in the Middle East, today announced that it has partnered with American Express Vacations to launch a new luxury travel brochure for its customers in the Middle East. The first Kanoo Travel
Resume Worthy Summer Travel
Marblehead, MA (April 7, 2008) – For those looking to get something more out of their summer travel experience, there is no need to look beyond the newly launched BrilliantTrips.com. Those aged between 18 and 26 years old can find a variety of specially tailored experiences focused on learning, adventure, cross-cultural understanding, volunteering, sustainable tourism, and ecotourism. The importance of travel abroad in today’s global marketplace is emphasized