Press release
Online Travel Services Market in India (2018-2023) Future Growth - Cox & Kings Limited, International Travel House Limited, Thomas Cook (India) Limited Cleartrip Private Limited, MakeMyTrip (India) Private Limited, Oravel Stays Private Limited RedBus.in a
Online Travel Services
Consumers in general avail both online and offline sources of information for booking their journeys, among which ~12% of the consumers prefer to use offline sources for research, ~57% believe that the online channels give them better deals and find it more convenient to book online. With the advent of internet and emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing number of Indians have turned to the convenience of the web for better travel prices and accommodations.
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key players -
o Cox & Kings Limited, International Travel House Limited, Thomas Cook (India) Limited Cleartrip Private Limited, Expedia Corporate Travel Online India Private Limited, Ibibo Group Private Limited, MakeMyTrip (India) Private Limited, Oravel Stays Private Limited RedBus.in and Yatra Online Private Limited
o People in India still use 3G or even slower networks, which result in people taking the traditional routes to book tickets
o The internet penetration in the rural areas is low.
o Middle-aged and elderly people are reluctant to opt for online travel bookings due to technological involvement, which becomes very inconvenient for them, and hence, they opt for offline modes for booking tickets.
Key growth factors
o Mobile applications have brought the most significant reform in travel, which have enabled the entire user experience to be available on the go. On an average, the consumers spend many hours on different online websites to plan, research and make a booking for vacations. Travellers have started opting for numerous shorter holidays throughout the year which in turn is driving the sales of various travel products and services.
o Government has taken up several projects pertaining to the development of roads, railways and airports, which is likely to boost tourism. Several measures have been taken to curb frauds in the digital platform by introducing safer avenues and gateways for making payments.
Why buy?
1. Get a broad understanding of the online travel services market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the online travel services market in India
4. Understand major competitors' business strategies and market dynamics and respond accordingly to benefit from the market
Table of Contents
1 Online Travel Services Market Overview
2 Manufacturers Profiles
3 Global Online Travel Services Market Competition, by Players
3.1 Global Online Travel Services Revenue and Share by Players (2013-2017)
3.2 Market Concentration Rate
3.2.1 Top 5 Online Travel Services Players Market Share
3.2.2 Top 10 Online Travel Services Players Market Share
3.3 Market Competition Trend
4 Global Online Travel Services Market Size by Regions
5 North America Online Travel Services Revenue by Countries
6 Europe Online Travel Services Revenue by Countries
7 Asia-Pacific Online Travel Services Revenue by Countries
8 South America Online Travel Services Revenue by Countries
9 Middle East and Africa Revenue Online Travel Services by Countries
10 Global Online Travel Services Market Segment by Type
11 Global Online Travel Services Market Segment by Application
12 Global Online Travel Services Market Size Forecast (2017-2023)
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