SWOT Analysis of Online Travel Market Excessive Growth Opportunities Estimated to be Experienced by 2025 | Expedia, Booking.com, TripAdvisor, Orbitz, Ctrip.com, Hostelworld Group
The report covers a forecast and an analysis of the Online Travel Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Online Travel Market along with the impact they have on the demand over the forecast period.
According to the market research study, Online Travel Market has undergone several changes over the last decade, owing to technology advances. Use of technology in the travel industry has come a long way since the Global Distribution System (GDS) due to the use of mobile applications and rising penetration of the Internet. This has helped in changing the process of travel bookings, making it easy and swift. The service model of online tour agencies provides multiple services through a single platform.
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On the basis of regional analysis, the top Online Travel Market from different global regions includes the USA, China, and the UK. Furthermore, the countries of Southeast Asia are expanding rapidly, while the growth rates in the mature markets of Europe and North America are declining. Another fast-growing digital travel market is the Middle East, where currently only around one-third of travel bookings are online.
This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Online Travel Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.
Global Key Players:
2 Priceline Group (Booking.com)
5 Ctrip.com International
6 Hostelworld Group
7 Hotel Urbano Travel
11 Thomas Cook Group
14 OneTravel and More…………………
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Product Type Segmentation
1 Online Travel
On the basis of Regional analysis, North America and Europe holds major share in global Online Travel market. Moreover, Asia-Pacific is expected to record higher growth rate in Online Travel Market during the forecast year.
Global Travel Industry News:
Booking (February 06, 2020) - Booking.com Launches New Pilot App CityBook in Amsterdam, London and Paris - Booking.com, one of the world’s leading digital travel companies committed to making it easier for everyone to experience the world, today announced the launch of a new pilot product, CityBook, a responsive digital guide for cities that seamlessly combines inspiration, planning, navigation and experience all in one place. The first pilots launch today in the cities of Paris, London and Amsterdam.
CityBook will be fully focused on helping travelers once they have arrived in their destination, whether it’s by providing curated recommendations around things to do, showcasing local offers and discounts, or providing content to help travelers get a feel for the city to help them make decisions, all with the purpose to help Booking.com better understand what is most relevant for consumers in-destination. The CityBook products, content and features that consumers like best will then be rolled into the core Booking.com app, furthering Booking.com’s vision to help customers’ choice and simplicity throughout their entire travel journey.
Leveraging machine learning models that take into account a traveler’s location, the makeup of their group where they’re at in their trip (first day vs the last day of the trip), as well as the weather and real-time availability, CityBook makes contextually-based recommendations to help travelers get the most out of their trip, including how to get back to their accommodation from any spot in the city. The technology that powers CityBook brings together powerful trip research all into one place with instant recommendations, so there is limited need to plan extensively in advance.
“With CityBook, we want to put all the best possibilities for experiencing a city in the palm of your hand,” said Ram Papatla, Vice President of Experiences at Booking.com. “Bouncing between dozens of sites and apps to get the best information and then still having to book everything separately is not the most enjoyable or seamless process. We want to help people focus on the fun part of travel planning - inspiration - and make the booking and organization for a trip a snap, with actionable content that’s all bookable in a couple of taps and all conveniently organized in one place.”
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Major Points in Table of Contents:
Global Online Travel Market Report 2020
1 Online Travel Product Definition
2 Global Online Travel Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Online Travel Shipments
2.2 Global Manufacturer Online Travel Business Revenue
2.3 Global Online Travel Market Overview
3 Manufacturer Online Travel Business Introduction
3.1 Expedia Online Travel Business Introduction
3.2 Priceline Group (Booking.com) Online Travel Business Introduction
3.3 TripAdvisor Online Travel Business Introduction
3.4 Orbitz Online Travel Business Introduction
3.5 Ctrip.com International Online Travel Business Introduction
3.6 Hostelworld Group Online Travel Business Introduction
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