Online Travel Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

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

Lucintel 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

Q6. Which online travel market segment will be the largest in future?

Answer: Lucintel 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, Lucintel 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?