Global Online Travel Market: Smartphone and Internet mainly fuelling the growth
According to a new report published by Reports Monitor titled, “Global Online Travel Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Online Travel market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Online Travel Agency comprises of a website specifically dedicated for travelling, it is provides services such as booking for airlines, hotels, bed, automobile rental companies and other travel related services.
Growing smart phone and internet penetration and growing social media users are the major factor boosting the market growth. Emergence of new players along with their key strategies are also facilitating in propelling the market growth.
This report provides a detailed analysis of Online Travel market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Global Online travel market is mainly segmented on the basis of mode, platform and service types. Based on mode, market is bifurcated into: online travel agencies and direct travel suppliers, while on the basis of platform market is bifurcated into: mobile and laptop based.
On the basis of service offered, market is segmented into: transportation, travel accommodation and vacation packages.
The global online travel market is mainly studied across: North America, Europe, Asia Pacific and LAMEA. Technological advancement and growing adoption of e-commerce across various commercial sector is mainly influencing the growth of North American market, while emergence of new companies in the developing economies such China and India is driving the growth of Asia Pacific region.
The major players operating in the market are: Expedia Inc., Priceline Group Inc., TripAdvisor LLC, Ctrip.Com International Ltd., Hostelworld Group, Hotel Urbano Travel and Tourism Sa, Cheapoair.Com , Trivago Gmbh, Thomas Cook Group plc, MakeMytrip Limited, Alibaba Group, Elong Inc., TUI Group, Tuniu Corporation, AirGorilla LLC, Hays Travel limited, Airbnb Inc., Yatra Online Private Limited.
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