openPR Logo
Press release

Online Travel Market 2019 Global Key Players: Ctrip, Expedia, Inc, Hostelworld Group, The Priceline Group, TripAdvisor Inc, Hotel Urbano

03-29-2019 08:24 AM CET | IT, New Media & Software

Press release from: Market Research Future

Online Travel Market 2019 Global Key Players: Ctrip, Expedia,

Market Insights:
The online travel market is gaining spotlight with e-commerce industry backing it with its strong base. Over the years, people used to spend times in queues to get their travel tickets and haggle a lot with travel agents.

However, the current trend of e-commerce siting has overcome such hassle by launching online travel portals. The online travel portals, hence, helped population with ticket confirmation in a hassle-free way. On this, the entire tourism industry is banking on the success of online travel bookings, from planning itinerary, hotel booking, flight bookings and more. These can be done in a hassle-free way.

On account of this, Market Research Future has published a report on global Online Travel Market, which states that the market is proliferating at a CAGR of approximately 12% and is expected to rise at a faster pace by 2023 owing to the age of digitalization. This extensively discussed report also includes segmental analysis, growth factors that are influencing the market in the coming years, and views for an all-engrossing understanding of the market.

Request a Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5182

Major Key Players:
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) among others.

Industry Players:
July 2018: Ctrip, China’s largest online travel services provider, boosted the proportion of total revenue from overseas customers from 2 percent to at least 20 percent over the next five years, by recently-acquired Trip.com brand as a bridgehead for international expansion

Global Online Travel Market: Drivers and Trends
The global online travel market is encouraged by many factors which are driving it to grow year by year at a notable rate. Among the significant factors, the intense usage of internet coupled with increasing adoption of social media have impacted substantially to the market growth. Reviews on social media or e-commerce website have helped people in reviewing and selecting hotels, which has been an essential aspect for travelers while planning trip. Also, increasing application of web-based and app-based interfaces are promoting the market to great extent.

Apart for this, growing demands for hotel services, budgetary trip, and review based services are creating grounds for the market to grow exponentially. To support this, the owing factors behind such tremendous growth is increasing investments made by key companies or market holders namely, TripAdvisor Inc., Expedia, Inc and many others are boosting the online travel market significantly.

Furthermore, much of the growth in the online travel industry is expected to derive from millennials and newcomers, who have extensive travel inclusions, creative trip planning modes and expect a personalized customer approach.

On the other hand, growth of the online travel market is driven by the rise in disposable income of people, and ease of comparing a variety of travel options online. In the current scenario, market players are introducing innovative travel and vacation packages deals and are also making travel decisions as per the spending capabilities of people. This comprises of affordable packages for international destination, discounts on flights, car rentals and cashbacks over entire trip. These factors are tremendously encouraging the online travel market profoundly with creating more future opportunities for the population, globally.

Access PR Details @ https://www.marketresearchfuture.com/press-release/online-travel-market

Global Online Travel Market Segmentation:
In the reports of MRFR, the market for online travel is segmented by platform, mode of booking, and service type.
• By mode of platform, the market is segmented into mobile and desktop.
• By mode of booking, the market is segmented into online travel agencies and direct travel supplies.
• By mode of service, the market is segmented into transportation, accommodation, vacation packages, and others.

Regional Outlook:
In the reports published by market Research Future, the global online travel market is studied under the regions of Asia Pacific, North America, Europe, and Rest of the World.

Among them, North America is estimated to account for the largest share of the market attributing to the technological advancements and increased adoption of e-commerce applications across various industry verticals. Online travel agencies are the most preferred booking channel for hotel accommodations in the U.S., which, in turn, is expected to drive the market in the years to come.

Whereas, Asia Pacific is projected to grow at the fastest rate during the forecast period owing to the rising disposable income of the population in countries like China and India. The emerging countries— China and India are predicted to drive this regional market in the future, owing to increased internet adoption by people in this region. Moreover, growing industrialization and increasing potential of IT companies in the region is leading to an increase in business travel, which is expected to drive the online travel booking market in this region over the forecast timeframe.

Europe has accounted for a substantial market share in the global online travel booking market since 2017. The European online travel agency represents a vast landscape of both national and international market players. Travelers fro UK mostly use online travel agencies for long-haul air packages, which, in turn, is likely to drive the region’s online travel booking market in the future.

Intended Audience:
• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Regulatory agencies
• Consumers
• Corporate sector

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
Continued…

Access Report Details @ https://www.marketresearchfuture.com/reports/online-travel-market-5182

List of Tables
Table 1 Global Online Travel Market: By Region, 2017-2023
Table 2 North America Online Travel Market: By Country, 2017-2023
Table 3 Europe Online Travel Market: By Country, 2017-2023
Continued…

List of Figures
Figure 1 Global Online Travel Market Segmentation
Figure 2 Forecast Methodology
Figure 3 Five Forces Analysis of Global Online Travel Market
Continued…

About Market Research Future:
At Market Research Future (MRFR), we enable our clients 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.

Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 Global Key Players: Ctrip, Expedia, Inc, Hostelworld Group, The Priceline Group, TripAdvisor Inc, Hotel Urbano here

News-ID: 1678486 • Views: 291

More Releases from Market Research Future

Extended Reality (XR) Market 2020: Forecast by HP Reveal, Qualcomm, Accenture, D …
Market Research Future (MRFR), in its report on the global extended reality market, states that the market is expected to thrive at a lucrative 69.4% CAGR in the forecast period (2019 to 2025). MRFR recorded the market to value at USD 27 Billion in 2018. By 2025, the market is expected to value at USD 393 Billion by 2025. It is due to the growing demand for virtual reality (VR)
Medical Aesthetics Industry Size, Market Growth, Key Company Profile, Comprehens …
The “Global Medical Aesthetics Market Is Showing High Probabilities Of Achieving A CAGR Of 11% Between 2018 And 2023”. Medical aesthetics Industry covers the aesthetical aspect of the healthcare sector and includes well-being, noticeable skin changes, peripheral appearance, and image of the patient. Medical aesthetics include fuses beauty and healthcare services and are getting substantial traction not just from demand for upliftment of the looks but anti-aging as well. There are several
Clinical Trial Management System Market Demand, Industry Share, Size, Applicatio …
Clinical Trial Management System Market Analysis by Type (Enterprise Clinical Trial Management System), Delivery Model (Licensed Enterprise), Component (Service) and End-User (Medical Device Manufacturers), and Regional Competitive Share, Size and Trends, 2018-2023 Market Overview Clinical Trial Management System Market is mostly a software system which helps to plan, prepare, and manage a large amount of clinical trials data that is produced by biotechnological and pharmaceutical companies. Drug research has gained momentum in
Reusable Satellite Launch Vehicle (RSLV) Market 2019-2023 | Report Information b …
Global Reusable Satellite Launch Vehicle Market Report Information by Configuration (Single Stage, Multiple Stage), by Type (Partially Reusable, Fully Reusable), Vehicle Weight (Up to 4,000lbs, 4000-9000lbs, Over 9000lbs), & by Region - Forecast Till 2023 The Reusable satellite launch vehicle market is estimated to witness a CAGR of more than 12% during the forecast period from 2018 to 2023. The key players in the reusable satellite launch vehicle market are Airbus S.A.S

All 5 Releases


More Releases for Travel

Travel Mobile Application Developers
we have extensive experience in creating high performance, feature-packed native mobile applications for all the major platforms including iOS, Android..Travayoo Mobile App Development takes its best position and strives to work with the growing outline. Rather than mobile app development, our company also works on B2B , B2C booking engine system. Our mobile application development process integrates design and development to come up with a flexible process that delivers result. INGENIUM
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
Trending travel platform
LetsGo2 App is the modern platform for travelers coming in & out of Los Angeles. Airport Shuttle: Premium shuttle service from LAX & most airports in the surrounding to all major cities across California. Our unique feature allow travelers to book their trip weeks ahead. Private tour: Explore Los Angeles with our various tour options. We start from your residence and bring you back home. Hollywood tour: Hollywood Sign, Walk
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
Global Travel Vaccines Market
Health related complications are greater in developing countries and rural areas because of dissimilarities in sanitary conditions, available food and water bases. The immunization Practices Advisory Committee of the Center for Disease Control and Prevention (CDC) mentions that travelers should be up-to-date on routine immunizations, irrespective of travel plans. The target population for the travel vaccines market include outbound travelers. The travel vaccines for the prevention of hepatitis A, hepatitis
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