Global Online Travel Market Research Report by Forecast to 2023
Global Online Travel Market Research Report by Forecast to 2023
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Global Online Travel Market Research Report by Forecast to 2023
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Global Online Travel Market Research Report by Forecast to 2023
Summary
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Copyright Š 2017 Market Research Future.
Global Online Travel Market Research Report by Forecast to 2023
The global online travel market was valued at USD 570.25 billion in 2017, and by 2023, it could touch a valuation of USD 1,134.55 billion, reveals Market Research Future (MRFR). MRFR adds that the market is projected to attain a CAGR of 13.16% during the forecast period (2017-2023).
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Global Online Travel Market Research Report by Forecast to 2023
Major Key Players: •
Expedia, Inc. (U.S.)
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The Priceline Group (U.S.)
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TripAdvisor Inc. (U.S.)
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Ctrip (China)
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Hostelworld Group (Republic of Ireland)
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Hotel Urbano (Brazil)
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CheapOair (U.S.)
Segmentation: The worldwide online travel market has been split into platform type, mode of booking, and service type. The types of platforms are mobile/tablets-based and desktop-based platform. With respect to the mode of booking, the segments covered by the report are online travel agencies and direct travel facilitators. With context to the service type, the market includes accommodation, transportation, and vacation packages. The transportation segment consists of air travel, train travel, bus travel, and others. The accommodation segment can be divided into hotels and guest house/dormitory, while the vacation packages segment has been considered for in-country and outside country.
Regional Analysis: The online travel market is mainly concentrated in the regions of Europe, North America, Asia Pacific (APAC), Middle East and Africa (MEA) and South America. In 2017, North America was identified as the leading market for online travel with a share of 34%. The market value in the region was estimated at USD 192.46 billion the same year. Europe was the second-
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Global Online Travel Market Research Report by Forecast to 2023 largest market for online travel in 2017 and could achieve a CAGR of 12.0% in the given timeframe. However, the online travel market in Asia Pacific is touted to record the highest CAGR of 15.9% from 2017 to 2023.
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Global Online Travel Market Research Report by Forecast to 2023
have made countries, such as Japan, China, Singapore and the UAE easy targets P a g e |7
Copyright Š 2017 Market Research Future.