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Mobile Travel Booking Market Overview by Rising Demands and Scope 2023 to 2032
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Key Trends
The mobile travel booking market is rapidly evolving, with new technologies and trends emerging every day. Mobile travel booking has become the preferred way for travelers to book their trips, as it provides convenience and flexibility. Mobile travel booking technology has become increasingly sophisticated, and companies are using a variety of technologies to make the process easier and more efficient.
The rise of mobile applications. Mobile apps are becoming increasingly popular for booking travel, as they provide a convenient way to search for flights, hotels, and other travel services. Apps also make it easy to compare prices and read reviews, and many offer rewards programs and discounts. Companies are also using mobile apps to provide personalized recommendations and discounts to customers.
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Key Drivers
The increasing adoption of mobile devices is one of the key drivers of the mobile travel booking market. According to Statista, the number of mobile phone users is expected to reach 4.78 billion in 2021, an increase of 3.3% from 2020. This increased access to mobile devices has made it easier for users to book their travel arrangements on the go. Furthermore, the convenience of mobile applications has made it easier for travelers to search for flights, hotels, and other travel arrangements. This has led to an increase in the number of people using mobile apps to book their travel arrangements.
The growth of low-cost carriers is also driving the mobile travel booking market. Low-cost carriers, such as Southwest Airlines, JetBlue, and Spirit Airlines, offer lower fares than their full-service counterparts. This has made it easier for travelers to book their travel arrangements without breaking the bank. Furthermore, the emergence of mobile payment solutions has made it easier for travelers to pay for their travel arrangements. Mobile payment solutions, such as Apple Pay and Google Pay, allow users to securely pay for their travel arrangements without having to enter their credit card information.
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Market Segments
Mobile Travel Booking Market is segmented into type, payment mode, application, and region. By type, the market is divided into domestic, and international. Based on the payment mode, the market is bifurcated into debit/credit card, upi, e-wallets, and others. Whereas for application, the market is segmented into vacation packages, accommodation booking, transportation booking, and others. Region-wise, the market is segmented by North America, Europe, Asia-Pacific, and the rest of the world.
Key Players
The Mobile Travel Booking Market report includes players such as Expedia Group, Inc. (USA), Booking Holdings Inc. (USA), Trip.com Group Limited (China), Agoda Company Pte. Ltd. (Singapore), Airbnb, Inc. (USA), Travelocity (USA), Priceline.com (USA), MakeMyTrip Limited (India), Hopper Inc. (Canada), and Orbitz Worldwide, LLC (USA), among others.
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