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Online Travel MarketTo Garner $1,091 Billion By 2022,With CAGR 11.1% Global Opportunity Analysis And Industry Forecasts, 2014-2022
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Online Travel Industry Overview:
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• The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. Online travel providers aim to ease travel planning and bookings for travelers. The online travel market is driven by quick and convenient flight and hotel bookings, rise in customers’ trust in online payment, and ability to compare various available travel options. Nowadays, market players are extensively offering travel services through mobile websites and apps, as it is one of the most preferred mediums of travel bookings, particularly among the young professionals.
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• Download PDF Sample Report: The report segments the global online travel market based on the mode of booking, types of platform, service types, age group, and geography. Online travel agencies (OTAs) and direct travel suppliers are the two major modes of booking. Based on the type of platform, the market is bifurcated into mobile and desktop. The different service types include transportation, travel accommodation, and vacation packages. Key age groups of the market are 22-31, 32-43, 44-56, and >56. The market is further analyzed across geographical regions, namely, North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
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Asia-pacific: Most Lucrative Market Asia-Pacific possesses the highest growth potential in the online travel market share, India and China being the most lucrative markets. The growth is attributed to the increase in disposable income,rise in middle-class segment, and greater penetration of Internet facilities.
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Ctrip is the leading player in China’s online travel market, whereas MakeMytrip, Yatra, and Cleartrip are the major online travel
agencies (OTA) operating in India. OTAs are becoming the most preferred medium for bookings in the region. Business travel has also fueled the market growth in Asia-Pacific. Approximately 90% of corporate travelers in the region own either a smartphone or tablet. More than 50% of these travelers manage
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their travel through these devices.
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Key Players Key Players Profiled In This Report Are Exp edia, I nc ., Priceline G roup I nc ., Trip advis or Llc, Ctrip.Com International, Ltd., Hostelworld G ro u p, H ote l U r b a n o Trave l A n d To u r i s m S a , C h e a p oa i r. C o m . , Tr i v a go G m b h , T h o m a s C o o k Group Plc, And Makemytrip Limited. Other Players In The Value Chain Include A irgorilla , Llc , H ays Travel Limited, A irbnb, I n c . , Ya t r a O n l i n e P r i v a t e L i m i t e d , I n d i a , Alibaba Group, Elong, Inc., Tui Group, And Tuniu Corporation.
Key Benefits Of Market
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• A comprehensive analysis of the current trends and future estimations in the global online travel market has been provided in
this report. • This report presents information regarding key drivers, restraints & opportunities along with a detailed impact analysis from 2014 to 2022.
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• Porter’s Five Forces model of the online travel industry illustrate the potency of the buyers and suppliers participating in the market. • A quantitative analysis of the current scenario and the forecast
period from 2016 to 2022 highlights the financial competency of the market. • This report provides a detailed analysis of the global online travel market with respect to mode of booking, types of platform, service
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types, age group, and geography to enable stakeholders to take appropriate investment decisions.
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Key Market Segments Online Travel Market By Types Of Platform
By Service Types
By Age Group
Online Travel Agencies
Mobile
Transportation
22-31
Direct Travel Suppliers
Desktop
Travel Accommodation
32-43
Vacation Packages
Vacation Packages
44-56
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By Mode Of Booking
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>56
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By Geography
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• North America • U.S. • Canada • Mexico • Europe • U.K. • France • Germany • Rest of Europe
• Asia-Pacific • India • China • Japan • Rest of Asia- Pacific • LAMEA • Latin America • Middle East • Africa
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