Mobile Travel Booking Market Soars to $612.5 Billion by 2031: A Journey in Convenience

According to the report published by Allied Market Research, the global mobile travel booking market garnered $228.4 billion in 2021 and is estimated to generate $612.5 billion by 2031, manifesting a CAGR of 10.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape.

➡️𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂
https://www.alliedmarketresearch.com/request-sample/A07603

COVID-19 Scenario:

The COVID-19 outbreak had a negative impact on the global mobile travel booking market owing to travel restrictions and lockdowns by several governments. This led to a decrease in mobile travel bookings as people cancelled or postponed their travel plans.
Due to the decrease in demand, many mobile travel booking companies saw a significant loss of revenue. Some companies were forced to cut costs, lay off employees, or shut down their operations entirely.
Furthermore, the pandemic led to the emergence of new competitors in the mobile travel booking market, such as airlines and hotels that started offering their own booking services. This increased the competition for mobile travel booking companies and put further pressure on their revenue and growth.
The research provides detailed segmentation of the global mobile travel booking market based on application, payment mode, tourism type, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on application, the transportation booking segment accounted for the highest share in 2021, contributing to nearly half of the global mobile travel booking market and is expected to maintain its lead in terms of revenue during the forecast period. However, the vacation packages segment is expected to register the highest CAGR of 13.3% from 2022 to 2031. The report also discusses accommodation booking, vacation packages, and others segments.

Based on payment mode, the debit/credit card segment held the largest share in 2021, contributing to nearly three-fifths of the global mobile travel booking market and is projected to maintain its dominant share in terms of revenue in 2031. The UPI segment, on the other hand, is expected to manifest the highest CAGR of 12.8% from 2022 to 2031.

➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 :
https://www.alliedmarketresearch.com/request-for-customization/A07603

Based on tourism type, the domestic segment accounted for the highest share in 2021 contributing to nearly four-fifths of the global mobile travel booking market and is expected to maintain its lead in terms of revenue during the forecast period. However, the international segment is expected to manifest the fastest CAGR of 14.3% during the forecast period.

By region, Asia-Pacific held the largest share in 2021, contributing to around one-third of the global mobile travel booking market share and is projected to maintain its dominant share in terms of revenue in 2031. The same region is expected to manifest the fastest CAGR of 13.0% during the forecast period. The report also discusses Europe, North America, and LAMEA region.

➡️𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @
https://bit.ly/43dvoQz

Leading market players of the global mobile travel booking market analyzed in the research include Booking.com, Hostelworld.com Limited, Expedia, inc., Skyscanner Ltd., Airbnb, Inc., Cleartrip Pvt. Ltd., Laterooms, MAKEMYTRIP PVT. LTD., and TripAdvisor LLC, Trip.com.

The report provides a detailed analysis of these key players of the global mobile travel booking market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key benefits for stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mobile travel booking market forecast from 2021 to 2031 to identify the prevailing mobile travel booking market opportunity.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the mobile travel booking market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global mobile travel booking market, key players, market segments, application areas, and market growth strategies.

➡️𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.alliedmarketresearch.com/purchase-enquiry/A07603

Mobile Travel Booking Market Report Highlights

Application

Vacation Packages
Accommodation Booking
Transportation Booking
Others
Payment Mode

Debit/Credit Card
UPI
E-Wallets
Others
Tourism Type

Domestic
International
By Region : North America (U.S., Canada)Europe (UK, Germany, France, Italy, Spain, Rest of Europe)Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa)

Key Market Players:

Airbnb, Inc., Booking.com, Cleartrip Pvt. Ltd., Hostelworld.com Limited, Laterooms, Expedia, inc., MAKEMYTRIP PVT. LTD., Skyscanner Ltd , TripAdvisor LLC, Trip.com

This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

➡️𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Italy Travel Insurance Market https://www.alliedmarketresearch.com/italy-travel-insurance-market

ATM Managed Services Market https://www.alliedmarketresearch.com/atm-managed-services-market

UAE Core Banking Solutions Market https://www.alliedmarketresearch.com/uae-core-banking-solutions-market-A10153

EEA Prepaid Card Market https://www.alliedmarketresearch.com/eea-prepaid-card-market-A07929

Canada Financial Guarantee Market https://www.alliedmarketresearch.com/canada-financial-guarantee-market-A12500

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

This release was published on openPR.