Press release
Major Growth Driver Identified in 2025 Online Travel Booking Platform Market: Internet Usage and Smartphone Penetration's Impact on Online Travel Booking Platforms
Online Travel Booking Platform
Online Travel Booking Platform Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for online travel booking platforms has seen a rapid increase. From $576.42 billion in 2024, it is projected to reach $648.09 billion in 2025, with a compound annual growth rate (CAGR) of 12.4%. The growth during the historical period can be credited to factors such as heightened internet usage and smartphone accessibility, an expanding travel industry, the increasing need and desire to travel, a variety of travel media options, and the convenience of easy booking facilities.
Online Travel Booking Platform Market Size Forecast: What's the Projected Valuation by 2029?
Significant expansion is predicted in the online travel booking platform market in the forthcoming years. By 2029, it is projected to reach a value of $941.7 billion, advancing at a compound annual growth rate of 9.8%. This projected growth during the forecast period is largely due to the increasing consolidation of online travel agencies, amplified demand for custom-made travel experiences for multiple generations, growing prevalence of smartphones and numerous travel applications, and escalating competition from traditional travel agencies. Key trends anticipated during this period include the emergence of innovative business models and revenue channels, a rising emphasis on sustainable travel and green initiatives, the application of blockchain technology for improved security, and a continued increase in demand for customized travel for various generations.
View the full report here:
https://www.thebusinessresearchcompany.com/report/online-travel-booking-platform-global-market-report
What Are the Drivers Transforming the Online Travel Booking Platform Market?
The upward trend in internet use and the rise in smartphone usage is projected to fuel the expansion of the online travel booking platform market in the future. The term internet usage pertains to how much and how often individuals or larger groups make use of the internet for various activities such as gathering information, communication, carrying out transactions, entertainment, among other purposes. On the other hand, the penetration of smartphones signifies the proportion of the population or a specific demographic sector that possesses and employs smartphones. This rise in internet usage and smartphone penetration is facilitated by elements like technological advancements, improved affordability of devices and data plans, and the broadening of mobile network infrastructure. Online travel booking platforms can be conveniently accessed via smartphones and the internet, providing benefits such as convenience, time efficiency, access to real-time information, cost-effectiveness, the availability of deals, and global accessibility. These benefits combined, elevate the efficiency and overall satisfaction of organizing and booking travel plans. For example, the National Telecommunications and Information Administration, a government agency based in the US, reported in June 2024 that there was an increase of 13 million internet users in the U.S. from 2021 to 2023. This highlights the increasing accessibility and influence of online connectivity. Thus, the rise in internet usage and smartphone penetration stimulates the growth of the online travel booking platform market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14151&type=smp
What Long-Term Trends Will Define the Future of the Online Travel Booking Platform Market?
Major firms active in the market for online travel booking platforms are emphasizing technological innovations like Lodging AI and ML to cater to the increasing requirements. Lodging AI, a novel capability, leverages AI and ML models to scrutinize property features, customer travel segments, as well as the preferences of travelers and agencies to produce tailored lodging alternatives. In the context of the online travel booking platform market, Lodging AI is utilized to boost customization and productivity for travel organizations and travelers. For instance, Sabre Corporation, a travel management firm based in the US, introduced Lodging AI in August 2023. This can assist travel agencies in improving hotel attachment rates, leading to added revenue possibilities and offering travelers a wider range of personalized lodging options. These machine learning models, with their new capacity for lodging, analyze property features, customer trip segments, and the preferences of travelers and agencies to offer customized lodging alternatives and suggest properties which are most likely to be booked.
Which Segments in the Online Travel Booking Platform Market Offer the Most Profit Potential?
The online travel booking platform market covered in this report is segmented -
1) By Type: Packages Types, Direct Type
2) By Service Type: Vacation Packages, Accommodation Booking, Transportation Booking, Other Service Types
3) By Application: Desktop Or Laptop, Mobile Or Tablet
Subsegments:
1) By Packages Types: Vacation Packages, Last-Minute Packages, All-Inclusive Packages
2) By Direct Type: Direct Flight Bookings, Hotel Reservations, Car Rentals
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=14151&type=smp
Which Firms Dominate the Online Travel Booking Platform Market by Market Share and Revenue in 2025?
Major companies operating in the online travel booking platform market are Booking Holdings Inc., Expedia Inc., Airbnb Inc., Anywhere Inc., Trip.com Travel Singapore Pte. Ltd., TripAdvisor LLC, Corporate Travel Management Ltd., Hopper Inc., Fareportal Inc., Lastminute.com NV, MakeMyTrip Ltd., Happyeasygo India Private Limited, BlueStar Air Travel Services Pvt. Ltd., Yatra Online Inc., Thomas Cook Group plc, 2FN Travel Inc., Dcsplus.net, Tavisca Solutions Private Limited, GTi Travel Group, OTRAMS, DirectVision SRL, Airtkt.Com Inc., Lemax GmbH, Apricot Tours, CorporateFlights.com, Fares Daddy Private Limited, HolidayPasal.com, SutiTravel, eDreams International Network S.L.
Which Regions Offer the Highest Growth Potential in the Online Travel Booking Platform Market?
North America was the largest region in the online travel booking platform market in 2024. The regions covered in the online travel booking platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14151
"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Major Growth Driver Identified in 2025 Online Travel Booking Platform Market: Internet Usage and Smartphone Penetration's Impact on Online Travel Booking Platforms here
News-ID: 4126001 • Views: …
More Releases from The Business Research Company
Emerging Sub-Segments Transforming the Cold Pressed Juice Market Landscape
The cold pressed juice market is on the verge of significant expansion as consumers increasingly seek healthier and more functional beverage options. Shifting preferences towards immunity-boosting drinks and sustainability are driving innovation and growth in this sector. Let's explore the current market size, influential players, emerging trends, and segment breakdowns shaping the future of cold pressed juices.
Cold Pressed Juice Market Size and Growth Expectations Through 2030
The market for…
Top Companies and Industry Competition in the Coffee Franchise Market
The coffee franchise industry is positioned for significant expansion in the coming years, driven by evolving consumer preferences and strategic market initiatives. Increasing demand for high-quality coffee experiences and innovative business models is shaping the future landscape. Let's explore the current market size, leading companies, key trends, and major segments that define this dynamic sector.
Projected Growth and Market Size of the Coffee Franchise Market by 2030
The coffee franchise…
Coconut Sugar Market Overview: Major Segments, Strategic Developments, and Leadi …
The coconut sugar market is gaining significant momentum and is poised for notable expansion over the coming years. Driven by evolving consumer preferences and increasing interest in healthier and sustainable sweeteners, this market presents promising opportunities for businesses and consumers alike. Let's explore the market's size, key players, emerging trends, and segmentation in detail.
Projected Expansion of the Coconut Sugar Market Size Through 2030
The coconut sugar market is forecasted…
Emerging Sub-Segments Transforming the Clarithromycin Tablets Market Landscape
The clarithromycin tablets market is poised for notable expansion in the coming years, driven by several healthcare and pharmaceutical developments. As demand for effective antibiotic treatments rises globally, this sector is attracting considerable attention from manufacturers and healthcare providers alike. Let's explore the market's size, key players, prevailing trends, and segmentation to understand its current landscape and future potential.
Projected Market Valuation and Growth Trajectory for Clarithromycin Tablets
The clarithromycin…
More Releases for Travel
Solo Travel Service Market Next Big Thing | Ftlo Travel, Weroad Travel, EL Camin …
The "Solo Travel Service - Market Development Outlook" Study has been added to AMA repository. The study envisage detailed qualitative as well as quantitative market data insights and follows Industry benchmark classification and NAICS standards to build strong players coverage in the study. Some of the major and emerging players identified are Exodus Travel (United Kingdom), G Adventures (Canada), Ftlo Travel (Canada), Weroad Travel (United Kingdom), EL Camino Travel (United…
Travel Agencies Market Giants Spending Is Going To Boom | Carlson Wagonlit Trave …
Advance Market Analytics published a new research publication on "Global Travel Agencies Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Travel Agencies market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Educational Travel Market to See Competition Rise | STA Travel, Key Travel, Elli …
According to HTF Market Intelligence, the Global Educational Travel market to witness a CAGR of 17.01% during forecast period of 2023-2028. The market is segmented by Global Educational Travel Market Breakdown by Application (Primary School Students, Middle & High School Students, College Students) by Type (Below 3 Days, 3 to 7 Days, Above 7 Days) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Educational Travel market…
Excellent Growth of Business Travel Management Service Market Key Players- Carls …
“Business Travel Management Service Industry 2020 Market Research Report” A new report added by reportsandmarkets.com to its research database. Business Travel Management Service Market is segmented by Regions/Countries. All the key market aspects that influence the Business Travel Management Service market presently and will have an impact on it have been evaluated and propounded in the Business Travel Management Service market research status and development trends reviewed in the new…
Honeymoon Tourism Market Is Thriving Worldwide : China Travel, HRG North America …
A fresh market research study titled Honeymoon Tourism Market explores several significant facets related to Honeymoon Tourism Market covering industry environment, segmentation analysis, and competitive landscape. Realistic concepts of the market are mentioned in a simple and plain manner in this report. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, business enhancement strategies, statistical growth, financial gain or loss to help readers and clients…
Student Travel Market is Booming | STA Travel, StudentUniverse, Ellison Travel
The Student Travel Market has witnessed continuous growth in the last few years and is projected to grow even further during the forecast period of 2020-2026. The exploration provides a 360 view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the…
