openPR Logo
Press release

Online Travel Market to witness Huge Growth Owing to increasing Demand Worldwide | Key players Includes Expedia, Priceline Group, TripAdvisor, Ctrip International, Hostelworld Group, Hotel Urbano Travel and Tourism Sa, Cheapoair, Trivago Gmbh and Thomas C

10-25-2019 07:16 AM CET | Tourism, Cars, Traffic

Press release from: Premium Market Insights

Online Travel Market to witness Huge Growth Owing to increasing

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.

The report presents complete overview of the Online Travel market, starting from basic it goes into each and every detail. It also provides information on the current situation of the market by analyzing various parameters like Growth rate, latest trends and Opportunity. Detail segmentation of the market is also mentioned in the report along with major players operating in the market

Get sample copy of report at:

https://www.premiummarketinsights.com/sample/AMR00012918

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

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.

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.

Purchase this report at:
https://www.premiummarketinsights.com/buy/AMR00012918

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

Contact us:
Premium Market Insights,
Contact Person: Sameer Joshi
Email: sales@premiummarketinsights.com
Website: www.premiummarketinsights.com

About us:

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

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.

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 to witness Huge Growth Owing to increasing Demand Worldwide | Key players Includes Expedia, Priceline Group, TripAdvisor, Ctrip International, Hostelworld Group, Hotel Urbano Travel and Tourism Sa, Cheapoair, Trivago Gmbh and Thomas C here

News-ID: 1856767 • Views: 439

More Releases from Premium Market Insights

Digital Pregnancy Test Kit Market Recent Trends Till 2027 | Sugentech, Diagnosis …
Premium Market Insights reports titled "Digital Pregnancy Test Kit Market" and forecast to 2027 gives a detailed analysis of the market with key company profiles. Digital Pregnancy Test Kit market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players,
Contract Logistics Market In-Depth Analysis 2025 - Leading by Ryder System, CEVA …
Premium Market Insights reports titled "Contract Logistics Market" and forecast to 2025 gives a detailed analysis of the market with key company profiles. Contract Logistics market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors
Logistics Robots Market Future Forecast Upto 2025 | Toshiba, Asic Robotics AG, C …
Premium Market Insights reports titled "Logistics Robots Market" and forecast to 2025 gives a detailed analysis of the market with key company profiles. Logistics Robots market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors
Active Implantable Medical Devices Market Expected to Reach US$ 39,026.9 Mn by 2 …
Active implantable medical devices market is expected to reach US$ 39,026.9 Mn by 2025 from US$ 22,096.9 Mn in 2017. The market is estimated to grow with a CAGR of 7.9% during the forecast period from 2018 to 2025. The growth of the active implantable medical devices market is primarily attributed to the increasing prevalence of cardiovascular diseases, neurological disorders & hearing disorders, increasing technological advancements & new product launches

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