The Online
Travel Bookings Market is expected to attain a market size of
$1,143.6 billion by 2023, growing at a CAGR of 10.8% during the forecast
period. Online travel providers seek to make the process of travel planning and
bookings simple and easy for customers. The online travel market is majorly
driven by factors such as quick and convenient flight and hotel bookings, safer
online payment methods, availability of multiple choices and comparison
options. Leading players in the market are focused on offering travel services
through different platform such as mobile websites and apps to attract young
and professional crowd.
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The level of
internet adoption has steeply risen due to the widespread acceptance of online
travel market. The online travel market would witness growth due to rising
disposable incomes in the masses within the emerging regions, easy comparison
of travel options, and others.
Based on Service
Types, the market is segmented into Transportation, Accommodation, and Others.
Based on Mode of Bookings, the market is segmented into Online Travel Agencies
and Direct Travel Facilitators. Based on Platform Types, the market is
segmented into Mobile Based and Desktop Based. Based on Age Groups, the market
is segmented into 30-45, 46 – 56, 20 – 30, and 57 & above. Based on region,
the market is segmented into North America, Europe, Asia-Pacific, Middle East
and Africa.
The report covers
the analysis of key stake holders of the Online Travel Bookings Market. Key
companies profiled in the report include Expedia, Inc., Priceline Group Inc., and
Trip Advisor LLC, Make My trip Limited, Hostel world Group, Thomas Cook Group
Plc., Fare portal (Cheapoair.Com), Airbnb, Inc., and Ctrip.Com International,
Ltd.
Related Report: Online
Travel Market
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