Market Research Report
Online Travel Booking Platform
|Published by||Global Industry Analysts, Inc.||Product code||958355|
|Published||Content info||173 Pages
Delivery time: 1-2 business days
|Online Travel Booking Platform|
|Published: April 1, 2021||Content info: 173 Pages||
Global Online Travel Booking Platform Market to Reach $983.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Online Travel Booking Platform estimated at US$517.8 Billion in the year 2020, is projected to reach a revised size of US$983.2 Billion by 2027, growing at aCAGR of 9.6% over the period 2020-2027. Desktop/Laptop, one of the segments analyzed in the report, is projected to record 9.2% CAGR and reach US$618.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile/Tablet segment is readjusted to a revised 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $153.5 Billion, While China is Forecast to Grow at 9% CAGR
The Online Travel Booking Platform market in the U.S. is estimated at US$153.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$170.5 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.
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