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Online Travel Market Size to Incur Rapid Extension at Magnifying CAGR | Global key players includes Expedia, Priceline Group, TripAdvisor LLC, Ctrip, Hotel Urbano Travel and Tourism, Cheapoair, Trivago, Thomas Cook Group, MakeMytrip, Alibaba Group

05-23-2019 05:50 AM CET | Tourism, Cars, Traffic

Press release from: Premium Market Insights

Online Travel Market Size to Incur Rapid Extension at Magnifying

The global market is expected to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022. Growth of the online travel market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.

Some of the major players operating in the market are Expedia, Inc., Priceline Group Inc., TripAdvisor LLC, Ctrip.Com International, Ltd., Hostelworld Group, Hotel Urbano Travel and Tourism Sa, Cheapoair.Com, Trivago Gmbh, Thomas Cook Group plc, MakeMytrip Limited, Alibaba Group, Elong, Inc., TUI Group, Tuniu Corporation, AirGorilla, LLC, Hays Travel limited, Airbnb, and Yatra Online Private Limited

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The market is categorized by mode of booking, types of platform, types of services, age group and geography. By mode of booking, the online travel market comprises online travel agencies (OTAs) and direct travel suppliers. Based on types of platform, the market is sub-segmented into mobile and desktop. By types of services, it is sub-segmented by transportation, travel accommodation, and travel packages. Based on age group, the market is bifurcated into 22-31, 32-43, 44-56, and >56. By geography, the market is broadly segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

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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Table of Contents

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Online Travel Market By Mode Of Booking
Chapter 5: Global Online Travel Market By Types Of Platform
Chapter 6: Global Online Travel Market, By Service Types
Chapter 7 Global Online Travel Market, By Age Group
Chapter 8 Global Online Travel Market, By Geography
Chapter 7 Company Profile

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We provide best in classcustomer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

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Contact Person: Sameer Joshi
Email: sales@premiummarketinsights.com
Website: www.premiummarketinsights.com

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