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Online Travel Market to garner $1,091 billion by 2022 | key players - TripAdvisor LLC, Hostelworld Group, Hotel Urbano Travel and Tourism, Trivago, Thomas Cook Group and MakeMyTrip

08-05-2019 05:51 AM CET | Tourism, Cars, Traffic

Press release from: Premium Market Insights

Online Travel Market to garner $1,091 billion by 2022 | key

Online travel services can be availed either through online travel agencies (OTAs) or direct travel suppliers. According to market analysis, 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.

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Key players profiled in the report 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, and MakeMyTrip Limited.

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.

North America accounted for the majority revenue in 2015; however, Asia-Pacific is estimated to overtake North America in coming years to become the leading revenue-generating region. This is attributed to growing disposable income, growth inmiddle-class segment, increased penetration of Internet facilities, and increase in the number of youth population in emerging markets of Asia-Pacific.

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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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