New Study Examines Online Travel Market Growth Forecast 2019 to 2025: Top Players Thomas Cook, Expedia Group, Ctrip.Com, Hays Travel, Priceline.com, TripAdvisor, Make My Trip, Alibaba Group, Hostelworld Group, CheapOair, trivago, eLong, Inc, Airbnb

Online travel providers aim to ease travel planning and bookings for travelers. The online travel market is driven by quick and convenient flight and hotel bookings, rise in customers’ trust in online payment, and ability to compare various available travel options. Nowadays, market players are extensively offering travel services through mobile websites and apps, as it is one of the most preferred mediums of travel bookings, particularly among the young professionals.

The Global Online Travel Market is estimated to grow at a CAGR of +12% during forecast period.

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The online travel industry is basically made up of e-commerce websites trying to provide a hassle-free booking and buying experience to the customers. Increasing internet penetration and rising adoption of social media are among the primary factors influencing the growth of the online travel market. Most of the online travel market is being driven by the flight and hotel bookings. Additionally, the online travel market is highly affected by the reviews on the websites. These reviews help the consumers to decide on which websites should they buy from.

Top Key Players Profiled in this Report Includes; Thomas Cook Group plc, Expedia, Inc., Ctrip.Com International, Ltd., AirGorilla, LLC, Hays Travel limited, Priceline Group Inc., TripAdvisor LLC, MakeMytrip Limited, Alibaba Group, Hostelworld Group, Cheapoair.Com, Trivago Gmbh, Elong, Inc., Tuniu Corporation, Airbnb, Inc.

New market research report gives an in-depth idea about the global Online Travel market. It highlights the recent market scenario, growth in the past few years, and opportunities present for manufacturers in the future. In this research for the completion of both primary and secondary details, various methods and tools are used. Also, investments instigated by organizations, government, non-government bodies, and institutions are projected in details for better understanding about the market.

Key points of this new market research report:
• Growing exposure to multimedia phones and increased penetration of online services would accelerate the growth of the overall online travel market.
• India is estimated to be the fastest growing country in Asia-Pacific, growing at a CAGR of 18.5% during the forecast period.
• Travelers within the age group of 22 and 31 years are more inclined towards online travel services, as they are more tech savvy and are constantly connected to social media.
• Flights and hotel bookings are anticipated to grow at an unprecedented rate.

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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Online Travel market’s trajectory between forecast periods.

Major questions answered in the report include
• What will the market size and the growth rate be in 2025?
• What are the key factors driving the global Online Travel market?
• What are the key market trends impacting the growth of the global Online Travel market?
• What are the challenges to market growth?
• Who are the key vendors in the global Online Travel market?
• What are the market opportunities and threats faced by the vendors in the global Online Travel market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global Online Travel market?

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