Online Travel Trends and Forecast
The future of the global online travel market looks promising with opportunities in the transportation, accommodation, and vacation package markets. The global online travel market is expected to reach an estimated $805.3 billion by 2030 with a CAGR of 12.8% from 2024 to 2030. The major drivers for this market are rising number of traveller in worldwide, increasing governmental efforts to promote tourism, and rising popularity for 3D interactive tours on travel destination sites.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Online Travel by Segment
The study includes a forecast for the global online travel by platform, mode of booking, service type, and region.Online Travel Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
- Mobile/Tablets Based
- Desktop Based
Online Travel Market by Mode of Booking [Shipment Analysis by Value from 2018 to 2030]:
- Online Travel Agencies
- Direct Travel Facilitators
Online Travel Market by Service Type [Shipment Analysis by Value from 2018 to 2030]:
- Transportation
- Accommodation
- Vacation Packages
Online Travel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Online Travel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies online travel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the online travel companies profiled in this report include-- Airbnb
- Expedia
- Booking Holding
- Trip Advisor
- MakeMyTrip
- Hostelworld
- Trivago
Online Travel Market Insights
The publisher forecasts that mobile/tablet based is expected to witness highest growth over the forecast period due to substantial usage of this device to access mobile applications marketplace platforms' for quick and easy hotel reservations and get wide range of service offers.Within this market, transportation will remain the largest segment due to increasing preference for internet bookings of flights, buses, and trains for a variety of travels, including business and adventure.
APAC is expected to witness highest growth over the forecast period due to rising population's disposable income and enhancing people's standard of living in the region.
Features of the Global Online Travel Market
- Market Size Estimates: Online travel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Online travel market size by platform, mode of booking, service type, and region in terms of value ($B).
- Regional Analysis: Online travel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different platforms, mode of bookings, service types, and regions for the online travel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the online travel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the online travel market size?Answer: The global online travel market is expected to reach an estimated $805.3 billion by 2030.
Q2. What is the growth forecast for online travel market?
Answer: The global online travel market is expected to grow with a CAGR of 12.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the online travel market?
Answer: The major drivers for this market are rising number of traveller in worldwide, increasing governmental efforts to promote tourism, and rising popularity for 3D interactive tours on travel destination sites.
Q4. What are the major segments for online travel market?
Answer: The future of the online travel market looks promising with opportunities in the transportation, accommodation, and vacation package markets.
Q5. Who are the key online travel market companies?
Answer: Some of the key online travel companies are as follows:
- Airbnb
- Expedia
- Booking Holding
- Trip Advisor
- MakeMyTrip
- Hostelworld
- Trivago
Answer: The publisher forecasts that mobile/tablet based is expected to witness highest growth over the forecast period due to substantial usage of this device to access mobile applications marketplace platforms' for quick and easy hotel reservations and get wide range of service offers.
Q7. In online travel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising population's disposable income and enhancing people's standard of living in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the online travel market by platform (mobile/tablets based and desktop based), mode of booking (online travel agencies and direct travel facilitators), service type (transportation, accommodation, and vacation packages), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Online Travel Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airbnb
- Expedia
- Booking Holding
- Trip Advisor
- MakeMyTrip
- Hostelworld
- Trivago
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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