PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134915
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1134915
Global Online Travel Booking Service Market Size study & Forecast, by Service Type by Booking Method, by Device, and Regional Analysis, 2022-2029
Global Online Travel Booking Service Market is valued approximately USD 519.1 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2022-2029. Online travel providers aim to ease travel planning and bookings for travelers. The online travel industry is being pushed by quick and easy flight and hotel bookings, an increase in customer trust in online payment, and the option to compare numerous available travel alternatives. The Online Travel Booking Service market is expanding because of factors such as increasing number of international tourists, increasing disposable income, and increasing number of travelers..
According to the most recent UNWTO World Tourism Barometer, there were about 250 million foreign arrivals in the first five months of 2022, signaling a significant recovery in global tourism. When compared to 77 million arrivals from January to May 2021, this indicates that the industry has nearly recovered to pre-pandemic 2019 levels, or 46%. People are now heavily exposed to social networking sites due to to the development of the internet. Before making a purchase, people first surf websites, obtain in-depth information, and evaluate the needed good or service. In addition, social media such as Facebook, Twitter, and travel blogs have become a common medium for people to discuss travel plans. Online travel service providers use social media as a platform to promote their products and exclusive deals for bookings made online, fueling the growth of the online travel market throughout the course of the forecast period. However, the high cost of Online Travel Booking Service stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Online Travel Booking Service Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the better business climate in European nations and government attempts to promote travel and tourism, Europe dominated the market in terms of revenue. Additionally, there is a huge demand for trip tourism since Europeans value the experience of visiting new places owing to factors like increased purchasing power and rising living standards, which are some of the main drivers of the growth in the travel and tourism industry, Asia Pacific is predicted to have considerable growth throughout the projected period. Additionally, the group travel industry has been greatly aided and accelerated by economic expansion, loosening of travel restrictions, increased competition, and aggressive promotion strategies employed by the sector's participating players. These factors are anticipated to hasten the industry's growth during the assessment period.
Major market players included in this report are:
Airbnb
Expedia
Booking Holding
Trip Advisor Inc.
Trip.com Group Ltd.
MakeMyTrip Limited
Hostelworld Group PLC (HSW)
Trivago N.V
Despegar.com, Corp.
Lastminute.com Group
Recent Developments in the Market:
- In February 2022, For online train reservations in India, RedBus has released RedRail, a distinct lightweight app. This MakeMyTrip-owned website seeks to enhance online booking for "millions of train passengers" and is the largest bus ticketing application in the nation. The RedRail app now has its own separate app after previously being as an in-app component of the RedBus app.
- In Aug 2021, A new smartphone app has been released by Indian Railway Catering and Tourism Corporation (IRCTC), the organisation responsible for issuing tickets for Indian Railways. You will be able to secure a confirmed seat quickly with the aid of this software. Confirm Tatkal App is the name of the application.
Global Online Travel Booking Service Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Service Type, Booking Method, Device, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Service Deviceofferings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type:
Vacation Packages
Accommodation Booking
Transportation Booking
Others
By Booking Method:
Online Booking,
Direct Travel Agency
By Device:
Desktop
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Online Travel Booking Service Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Online Travel Booking Service Market, by Service Type, 2019-2029 (USD Billion)
- 1.2.3. Online Travel Booking Service Market, by Booking Method, 2019-2029 (USD Billion)
- 1.2.4. Online Travel Booking Service Market, by Device, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Online Travel Booking Service Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Online Travel Booking Service Market Dynamics
- 3.1. Online Travel Booking Service Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing number of international tourists
- 3.1.1.2. Increasing disposable income
- 3.1.1.3. Increasing number of travellers
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Online Travel Booking Service
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising inclination toward adventure travel
- 3.1.1. Market Drivers
Chapter 4. Global Online Travel Booking Service Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Online Travel Booking Service Market, by Service Type
- 6.1. Market Snapshot
- 6.2. Global Online Travel Booking Service Market by Service Type, Performance - Potential Analysis
- 6.3. Global Online Travel Booking Service Market Estimates & Forecasts by Service Type 2019-2029 (USD Billion)
- 6.4. Online Travel Booking Service Market, Sub Segment Analysis
- 6.4.1. Vacation Packages
- 6.4.2. Accommodation Booking
- 6.4.3. Transportation Booking
- 6.4.4. Others
Chapter 7. Global Online Travel Booking Service Market, by Booking Method
- 7.1. Market Snapshot
- 7.2. Global Online Travel Booking Service Market by Booking Method, Performance - Potential Analysis
- 7.3. Global Online Travel Booking Service Market Estimates & Forecasts by Booking Method 2019-2029 (USD Billion)
- 7.4. Online Travel Booking Service Market, Sub Segment Analysis
- 7.4.1. Online Booking
- 7.4.2. Direct Travel Agency
Chapter 8. Global Online Travel Booking Service Market, by Device
- 8.1. Market Snapshot
- 8.2. Global Online Travel Booking Service Market by Device, Performance - Potential Analysis
- 8.3. Global Online Travel Booking Service Market Estimates & Forecasts by Device 2019-2029 (USD Billion)
- 8.4. Online Travel Booking Service Market, Sub Segment Analysis
- 8.4.1. Desktop
- 8.4.2. Online
Chapter 9. Global Online Travel Booking Service Market, Regional Analysis
- 9.1. Online Travel Booking Service Market, Regional Market Snapshot
- 9.2. North America Online Travel Booking Service Market
- 9.2.1. U.S. Online Travel Booking Service Market
- 9.2.1.1. Service Type breakdown estimates & forecasts, 2019-2029
- 9.2.1.2. Booking Method breakdown estimates & forecasts, 2019-2029
- 9.2.1.3. Device breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Online Travel Booking Service Market
- 9.2.1. U.S. Online Travel Booking Service Market
- 9.3. Europe Online Travel Booking Service Market Snapshot
- 9.3.1. U.K. Online Travel Booking Service Market
- 9.3.2. Germany Online Travel Booking Service Market
- 9.3.3. France Online Travel Booking Service Market
- 9.3.4. Spain Online Travel Booking Service Market
- 9.3.5. Italy Online Travel Booking Service Market
- 9.3.6. Rest of Europe Online Travel Booking Service Market
- 9.4. Asia-Pacific Online Travel Booking Service Market Snapshot
- 9.4.1. China Online Travel Booking Service Market
- 9.4.2. India Online Travel Booking Service Market
- 9.4.3. Japan Online Travel Booking Service Market
- 9.4.4. Australia Online Travel Booking Service Market
- 9.4.5. South Korea Online Travel Booking Service Market
- 9.4.6. Rest of Asia Pacific Online Travel Booking Service Market
- 9.5. Latin America Online Travel Booking Service Market Snapshot
- 9.5.1. Brazil Online Travel Booking Service Market
- 9.5.2. Mexico Online Travel Booking Service Market
- 9.6. Rest of The World Online Travel Booking Service Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. Airbnb
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject to Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Expedia
- 10.2.3. Booking Holding
- 10.2.4. Trip Advisor Inc.
- 10.2.5. Trip.com Group Ltd.
- 10.2.6. MakeMyTrip Limited
- 10.2.7. Hostelworld Group PLC (HSW)
- 10.2.8. Trivago N.V
- 10.2.9. Despegar.com, Corp
- 10.2.10. Lastminute.com Group
- 10.2.1. Airbnb
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Online Travel Booking Service Market, report scope
- TABLE 2. Global Online Travel Booking Service Market estimates & forecasts by Region 2019-2029 (USD Billion)
- TABLE 3. Global Online Travel Booking Service Market estimates & forecasts by Service Type 2019-2029 (USD Billion)
- TABLE 4. Global Online Travel Booking Service Market estimates & forecasts by Booking Method 2019-2029 (USD Billion)
- TABLE 5. Global Online Travel Booking Service Market estimates & forecasts by Device 2019-2029 (USD Billion)
- TABLE 6. Global Online Travel Booking Service Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 7. Global Online Travel Booking Service Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 8. Global Online Travel Booking Service Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 9. Global Online Travel Booking Service Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 10. Global Online Travel Booking Service Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 11. Global Online Travel Booking Service Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 12. Global Online Travel Booking Service Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 13. Global Online Travel Booking Service Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 14. Global Online Travel Booking Service Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 15. Global Online Travel Booking Service Market by region, estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 16. U.S. Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 17. U.S. Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 18. U.S. Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 19. Canada Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 20. Canada Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 21. Canada Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 22. UK Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 23. UK Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 24. UK Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 25. Germany Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 26. Germany Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 27. Germany Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 28. France Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 29. France Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 30. France Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 31. Italy Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 32. Italy Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 33. Italy Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 34. Spain Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 35. Spain Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 36. Spain Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 37. RoE Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 38. RoE Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 39. RoE Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 40. China Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 41. China Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 42. China Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 43. India Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 44. India Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 45. India Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 46. Japan Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 47. Japan Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 48. Japan Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 49. South Korea Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 50. South Korea Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 51. South Korea Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 52. Australia Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 53. Australia Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 54. Australia Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 55. RoAPAC Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 56. RoAPAC Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 57. RoAPAC Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 58. Brazil Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 59. Brazil Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 60. Brazil Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 61. Mexico Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 62. Mexico Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 63. Mexico Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 64. RoLA Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 65. RoLA Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 66. RoLA Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 67. Row Online Travel Booking Service Market estimates & forecasts, 2019-2029 (USD Billion)
- TABLE 68. Row Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 69. Row Online Travel Booking Service Market estimates & forecasts by segment 2019-2029 (USD Billion)
- TABLE 70. List of secondary sources, used in the study of global Online Travel Booking Service Market
- TABLE 71. List of primary sources, used in the study of global Online Travel Booking Service Market
- TABLE 72. Years considered for the study
- TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Online Travel Booking Service Market, research methodology
- FIG 2. Global Online Travel Booking Service Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Online Travel Booking Service Market, key trends 2021
- FIG 5. Global Online Travel Booking Service Market, growth prospects 2022-2029
- FIG 6. Global Online Travel Booking Service Market, porters 5 force model
- FIG 7. Global Online Travel Booking Service Market, pest analysis
- FIG 8. Global Online Travel Booking Service Market, value chain analysis
- FIG 9. Global Online Travel Booking Service Market by segment, 2019 & 2029 (USD Billion)
- FIG 10. Global Online Travel Booking Service Market by segment, 2019 & 2029 (USD Billion)
- FIG 11. Global Online Travel Booking Service Market by segment, 2019 & 2029 (USD Billion)
- FIG 12. Global Online Travel Booking Service Market by segment, 2019 & 2029 (USD Billion)
- FIG 13. Global Online Travel Booking Service Market by segment, 2019 & 2029 (USD Billion)
- FIG 14. Global Online Travel Booking Service Market, regional snapshot 2019 & 2029
- FIG 15. North America Online Travel Booking Service Market 2019 & 2029 (USD Billion)
- FIG 16. Europe Online Travel Booking Service Market 2019 & 2029 (USD Billion)
- FIG 17. Asia pacific Online Travel Booking Service Market 2019 & 2029 (USD Billion)
- FIG 18. Latin America Online Travel Booking Service Market 2019 & 2029 (USD Billion)
- FIG 19. Global Online Travel Booking Service Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
