Mobile Travel Booking Market to Hit $612.5 Billion by 2031, Fueled by AI & Personalized Experiences

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. 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.

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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.

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.

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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.

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

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