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Online Travel Booking Market Set to Reach US$ 1178.641 Billion by 2030, Growing at a 9.7% CAGR

12-05-2024 03:43 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Online Travel Booking Market

Online Travel Booking Market

๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at US$ 616.503 Bn. in 2023 and the total revenue is expected to grow at 9.7% of CAGR through 2024 to 2030, reaching nearly US$ 1178.641 Bn.

๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ has seen significant growth due to increasing internet penetration, smartphone usage, and the rise of digital platforms that simplify travel planning. As consumers increasingly prefer booking flights, accommodations, and other travel services online, this market continues to expand. The convenience, discounts, and user-friendly interfaces of online booking platforms drive adoption, making it a preferred choice for both leisure and business travelers. The ongoing trend of personalization and AI-driven services further contributes to the market's growth.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/26269/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ is driven by factors such as increased smartphone usage, the growing popularity of travel apps, and the convenience offered by online platforms. Additionally, the rise of internet penetration and the availability of personalized travel options through AI and machine learning are fueling growth. Increasing disposable incomes, ease of access to global destinations, and attractive discounts on online platforms further contribute to the market's expansion, with consumers preferring the convenience of online booking over traditional methods.

๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Key trends in the ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ include the growing reliance on mobile devices and apps for seamless travel booking, the rise of AI-powered personalized recommendations, and the increasing shift toward eco-friendly travel options. Additionally, the integration of virtual reality for virtual tours, real-time booking updates, and the emergence of voice-based travel booking systems are reshaping consumer experiences, further boosting market growth. These trends highlight a stronger focus on convenience, personalization, and technological advancements in the travel industry.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/26269/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ

Vietnam:
โ€ข Vietravel recently merged with Vietnam Airlines, aiming to offer better integrated services for global travelers.
Thailand:
โ€ข Thai Airways has partnered with online booking platform Traveloka, streamlining flight and hotel bookings for tourists across Southeast Asia.
Singapore:
โ€ข Ctrip (now Trip.com) has expanded its presence in Singapore by acquiring Travelfusion, a global travel tech company specializing in travel search platforms.
Japan:
โ€ข Rakuten Travel continues to grow, acquiring Jalan.net to enhance its hotel booking capabilities and expand its offerings.
South Korea:
โ€ข Hanjin Travel has merged with Interpark to offer more comprehensive travel booking services across Asia.
European Countries:
โ€ข Booking.com acquired Rentalcars.com to enhance its global car rental booking services, further strengthening its market leadership in Europe.
United States:
โ€ข Expedia Group made a major acquisition by purchasing Vrbo, a home-sharing platform, to diversify its service offerings and provide customers with more accommodation choices.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฃ๐จ๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

1. Expedia Group is focusing on enhancing its digital platform by integrating AI-powered tools, allowing for personalized travel recommendations and smarter booking decisions.
2. Booking Holdings, parent company of Booking.com, has been investing in AI and data analytics to further optimize its search and booking systems.
3. Airbnb continues to disrupt the travel industry by expanding its services beyond vacation rentals into experiences, offering tours and activities globally.
4. Amadeus IT Group has launched innovative software solutions aimed at streamlining the booking process for airlines, travel agents, and hotels alike.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/26269/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by Device Outlook

Desktop
Mobile

by Booking Method

Online Booking
Direct Travel Agency

by Service Type

Vacation Packages
Accommodation Booking
Transportation Booking
Others

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

North America
1. Expedia Group, Inc. (US)
2. Booking Holdings Inc. (US)
3. Tripadvisor, Inc. (US)
4. corporateFlights.com (US)
5. .2FN Travel (US)
6. Airtkt.com, Inc (US)
Europe
7. Q Travel Cloud (UK)
8. Lastminute.com Group (Switzerland)
9. Booking.com (Netherlands)
APAC
10. Ixigo-Le Travenues Technology Ltd (India
11. MAKEMYTRIP PVT. LTD. (India
12. Yatra Online Limited (India)
13. EaseMyTrip (India)
14. Thomas Cook Ltd. (India)
15. Faresdaddy (India)
16. Apricot Tours (pakistan)
17. Trip.com Group Limited (China)
18. Agoda (Singapore)
19. Trip.com china
20. HolidayPasal.com (Nepal)
21. KoreaTravelEasy (South Korea)
22. Traveloka (Indonesia)

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-online-travel-booking-market/26269/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข ๐Ž๐ง๐ฅ๐ข๐ง๐ž ๐“๐ซ๐š๐ฏ๐ž๐ฅ ๐๐จ๐จ๐ค๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Fluorosilicic Acid Market https://www.maximizemarketresearch.com/market-report/fluorosilicic-acid-market/194155/

โ™ฆ Syngas & Derivatives Market https://www.maximizemarketresearch.com/market-report/global-syngas-derivatives-market/53928/

โ™ฆ Ceramic Sanitary Ware Market https://www.maximizemarketresearch.com/market-report/global-ceramic-sanitary-ware-market/3344/

โ™ฆ global Citric Acid Market https://www.maximizemarketresearch.com/market-report/global-citric-acid-market/17379/

โ™ฆ Caprolactam Market https://www.maximizemarketresearch.com/market-report/global-caprolactam-market/24437/

โ™ฆ Metal Packaging Market https://www.maximizemarketresearch.com/market-report/metal-packaging-market/13916/

โ™ฆ Acetic Acid Market https://www.maximizemarketresearch.com/market-report/acetic-acid-market/13313/

MAXIMIZE MARKET RESEARCH PVT. LTD.

โฎ 3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

โœ† +91 9607365656

๐Ÿ–‚ sales@maximizemarketresearch.com

๐ŸŒ www.maximizemarketresearch.com

Maximize Market Research is a rapidly expanding market research and business consulting firm with a global footprint. Our commitment to delivering impactful insights and driving growth has made us a trusted partner to many Fortune 500 companies. With a diverse portfolio, we cater to a wide range of industries, including IT and telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and more.

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