Press release
Online Accommodation Booking Market Overview with Detailed Analysis, Competitive Landscape and Forecast to 2028
Online Accommodation Booking MarketThe Online Accommodation Booking is defined as the popular method for booking hotel rooms where traveler can book hotel rooms on computer or mobile by using online platform such as website or mobile application. The online accommodation is categorized into two modes such as third party online portals, and direct/ captive portals.
Market Drivers
The increase in penetration of internet is a major driving factor which expected to boost the global online accommodation booking market growth over the forecast period. Also, the expansion of E-commerce industry is expected drive the market growth. E-commerce industry is growing at an unprecedented rate across the world. The increase in disposable income as well as the change in life style of individuals will accelerate the online accommodation booking market growth. Eco-friendly accommodation bookings are mostly preferred in the market with around 70% of the global travelers choosing to go with the green way. This factor is expected to propel the growth of global online accommodation booking market growth.
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Furthermore, the increase in customers faith in online payment will positively influence the market growth during this forecast period. Moreover, the increase in dependency on hotels due to the business meetings will support the market growth. Additionally, attractive marketing & promotional strategies will create opportunities for market growth.
Market Restraints
The increase in incidences of failed transactions as well as the increase in concern about the data security is some restraining factors which may hamper the global online accommodation booking market growth.
Market Key Players
Some key operating players are listed in this report such as Expedia Group, Booking Holdings Inc, Trip.com Group Ltd., Airbnb Inc., Tripadvisor Inc., Oravel Stays Pvt Ltd, Traveloka Indonesia PT, HRS GmbH, Hotelbeds Group SL, Hostelworld Group, etc.
Market Taxonomy
By Platform
• Mobile Application
• Website
By Mode of Booking
• Third party online portals
• Direct / captive portals
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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Global Online Accommodation Booking Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Online Accommodation Booking Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Online Accommodation Booking Market, By Platform
5.1 Y-o-Y Growth Comparison, By Platform
5.2 Global Online Accommodation Booking Market Share Analysis, By Platform
5.3 Global Online Accommodation Booking Market Size and Forecast, By Platform
5.3.1 Mobile Application
5.3.2 Website
6 Global Online Accommodation Booking Market, By Mode of Booking
6.1 Y-o-Y Growth Comparison, By Mode of Booking
6.2 Global Online Accommodation Booking Market Share Analysis, By Mode of Booking
6.3 Global Online Accommodation Booking Market Size and Forecast, By Mode of Booking
6.3.1 Third party online portals
6.3.2 Direct / captive portals
Vishal Thakur
Research Support Specialist
QualiKet Research
6060 N Central Expy #500, TX 75204, U.S.A
Email: sales@qualiketresearch.com
Website: https://qualiketresearch.com
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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