Online Travel Market Analysis by focusing on Competitive landscape and growth Strategies to 2022 | Priceline Group Inc., TripAdvisor LLC, Ctrip.Com International, Ltd., Hostelworld Group, Hotel Urbano Travel and Tourism
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.
The Online Travel Market report also puts forward the current and future market scenario derived precisely from a thorough analysis of the market. The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario
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Some of the major players operating in the market are Expedia, 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
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.
In the year 2014, this increase in number of travelers and their travel spent accounted for nearly 10% of the global GDP. To cater this potential target audience, market players have adopted various approaches, the most effective being the internet.
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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