Online Travel Booking Market - Global Industry Analysis

Online Travel Booking Market - By Service Type (Transportation Booking, Accommodation Booking, and Others), By Mode of Booking (Online and Direct Agency), and By Platform (Desktop and Mobile): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020—2026

Published Date: 24-Dec-2018 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3669 Status : Published

Global Online Travel Booking market, which was estimated at 812 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,955 (USD Billion) by 2026, is set to record a CAGR of nearly 12.1% over 2020-2026.

Description

The global Online Travel Booking market, which was estimated at 812 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,955 (USD Billion) by 2026, is set to record a CAGR of nearly 12.1% over 2020-2026. The report offers valuation and analysis of Online Travel Booking market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Online travel booking helps the customers as well as travel agents for booking flights, holiday tours, and hotels or restaurants. In addition to this, booking of travel tickets online helps the customer to display their travel requirements like Place or Location of departure, date of departure, Time of Departure, Return Date, and Travel class. Moreover, online travel booking activities have become very swift due to onset of internet and have reduced the queues at the railway counters in the recent years. Furthermore, current times have witnessed more online booking due to real-time transactions as well as good internet speed with launching of 4G as well as 5G infrastructure. Apparently, rise in the online travel booking activities can be credited to rise in the customer stays, tourism, medical tourism, and car rental activities.

Online-Travel-Booking-Market

Market Growth Drivers

Automating of booking helps in saving time of the staff and this will proliferate the expansion of the online travel booking industry over the estimated timeline. Furthermore, travel agents are carrying out online booking to not only expand their business but offer best services to the consumers. Such moves will further steer the market size in the years to come. With speedy & hassle-free online travel booking activities, the conversion rate of the end-users has surged and this has resulted in massive revenue for the travel industry in the current years.

Furthermore, increase in the smartphones as well as iPhones & tablets will prompt the expansion of online travel booking industry over the forthcoming years. With rise in the online payment options, the market is likely to gain traction in the forthcoming years. Nevertheless, safety related issues pertaining to online travel booking transactions can decimate the proliferation of the business in the foreseeable future.

North American Market To Continue Dominance During Forecast Timeline

The expansion of the industry in the North American Zone over the forecast timeline is credited to factors like presence of strong IT infrastructure, rise in the number of persons travelling via train, and presence of key players in the online travel booking business. Apart from this, rise in the internet penetration as well as smartphone & laptop use in the countries like Canada and the U.S. will further promulgate the elevation of the market in the North American sub-continent over the forecast timespan.

Key participants impacting the business growth are Hostelworld Group, CheapOair.Com., MakeMyTrip Limited, Tourism SA, Priceline Group Inc., Hotel Urbano Travel, Expedia, Inc., Trip Advisor LLC, Trivago GmbH, Ctrip.Com International, Ltd., and Thomas Cook Group Plc.

This report segments the global online travel booking market into:

Global Online Travel Booking Market: Service Type Analysis

  • Transportation Booking
  • Accommodation Booking
  • Others

Global Online Travel Booking Market: Mode of Booking Analysis

  • Online
  • Direct Agency

Global Online Travel Booking Market: Platform Analysis

  • Desktop
  • Mobile

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global online travel booking market, 2017 - 2026(USD Billion)
    • 2.2. Global online travel booking market: Snapshot
  •  
  • Chapter 3. Online Travel Booking Market - Industry Dynamics
    • 3.1. Introduction
      • 3.1.1. Classification of online travel booking
      • 3.1.2. Key trend analysis
    • 3.2. Market Drivers
      • 3.2.1. Drivers of global online travel booking market: Impact analysis
      • 3.2.2. Rising adoption of advanced technologies for online travel booking
      • 3.2.3. Growing penetration of innovative services in online travel booking
    • 3.3. Market Restraints
      • 3.3.1. Restraints for global online travel booking market: Impact analysis
      • 3.3.2. Varying socio-economic conditions
    • 3.4. Opportunities
      • 3.4.1. Emerging markets
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Attractiveness Investment Proposition
      • 3.6.1. Market attractiveness analysis by service type segment
      • 3.6.2. Market attractiveness analysis by mode of booking segment
      • 3.6.3. Market attractiveness analysis by platform segment
      • 3.6.4. Market attractiveness analysis by region segment
  •  
  • Chapter 4. Global Online Travel Booking Market - Competitive Landscape
    • 4.1. Company market share analysis, 2017 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development and Product and Regional Expansion
  •  
  • Chapter 5. Global Online Travel Booking Market - Service Type Analysis
    • 5.1. Online Travel Booking market: Service Type analysis
      • 5.1.1. Global online travel booking market share by service type segment, 2017 &2026
    • 5.2. Transportation Booking
      • 5.2.1. Overview
      • 5.2.2. Global online travel booking market by transportation booking, 2017 - 2026, (USD Billion)
    • 5.3. Accommodation Booking
      • 5.3.1. Overview
      • 5.3.2. Global online travel booking market by accommodation booking,2017 - 2026, (USD Billion)
    • 5.4. Others
      • 5.4.1. Overview
      • 5.4.2. Global online travel booking market by others,2017 - 2026, (USD Billion)
  •  
  • Chapter 6. Global Online Travel Booking Market: Mode of Booking Analysis
    • 6.1. Online travel booking market: Mode of Booking analysis
      • 6.1.1. Global online travel booking market share by mode of booking segment, 2017 &2026
    • 6.2. Online
      • 6.2.1. Overview
      • 6.2.2. Global online travel booking market by online, 2017 - 2026, (USD Billion)
    • 6.3. Direct Agency
      • 6.3.1. Overview
      • 6.3.2. Global online travel booking market by direct agency, 2017 - 2026 (USD Billion)
  •  
  • Chapter 7. Global Online Travel Booking Market: Platform Analysis
    • 7.1. Global online travel booking market: platform overview
      • 7.1.1. Global online travel booking market share by platform, 2017 and 2024
    • 7.2. Desktop
      • 7.2.1. Overview
      • 7.2.2. Global online travel booking market by desktop, 2017 - 2026(USD Billion)
    • 7.3. Mobile
      • 7.3.1. Overview
      • 7.3.2. Global online travel booking market by mobile, 2017 - 2026(USD Billion)
  •  
  • Chapter 8. Global Online Travel Booking Market: Regional Analysis
    • 8.1. Global online travel booking market: Regional overview
      • 8.1.1. Global online travel booking market share by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. Overview
      • 8.2.2. North America online travel booking market, 2017 - 2026, (USD Billion)
      • 8.2.3. North America online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
      • 8.2.4. North America online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
      • 8.2.5. North America online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.2.6. The U.S.
        • 8.2.6.1. The U.S. online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.2.6.2. The U.S. online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.2.6.3. The U.S. online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.2.7. Rest of North America
        • 8.2.7.1. Rest of North America online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.2.7.2. Rest of North America online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.2.7.3. Rest of North America online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
    • 8.3. Europe
      • 8.3.1. Overview
      • 8.3.2. Europe online travel booking market, 2017 - 2026, (USD Billion)
      • 8.3.3. Europe online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
      • 8.3.4. Europe online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
      • 8.3.5. Europe online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
      • 8.3.6. Germany
        • 8.3.6.1. Germany online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.3.6.2. Germany online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.3.6.3. Germany online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.3.7. UK
        • 8.3.7.1. UK online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.3.7.2. UK online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.3.7.3. UK online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.3.8. France
        • 8.3.8.1. France online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.3.8.2. France online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.3.8.3. France online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.3.9. Rest of Europe
        • 8.3.9.1. Rest of Europe online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.3.9.2. Rest of Europe online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.3.9.3. Rest of Europe online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Overview
      • 8.4.2. Asia Pacific online travel booking market, 2017 - 2026, (USD Billion)
      • 8.4.3. Asia Pacific online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
      • 8.4.4. Asia Pacific online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
      • 8.4.5. Asia Pacific online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
      • 8.4.6. China
        • 8.4.6.1. China online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.4.6.2. China online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.4.6.3. China online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.4.7. Japan
        • 8.4.7.1. Japan online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.4.7.2. Japan online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.4.7.3. Japan online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.4.8. India
        • 8.4.8.1. India online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.4.8.2. India online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.4.8.3. India online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
      • 8.4.9. Rest of Asia Pacific
        • 8.4.9.1. Rest of Asia Pacific online travel booking market revenue, by service type, 2017 - 2026, (USD Billion)
        • 8.4.9.2. Rest of Asia Pacific online travel booking market revenue, by mode of booking, 2017 - 2026, (USD Billion)
        • 8.4.9.3. Rest of Asia Pacific online travel booking market revenue, by platform, 2017 - 2026, (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Overview
      • 8.5.2. Latin America online travel booking market, 2017 - 2026 (USD Billion)
      • 8.5.3. Latin America online travel booking market revenue, by service type, 2017 - 2026 (USD Billion)
      • 8.5.4. Latin America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
      • 8.5.5. Latin America online travel booking market revenue, by platform, 2017 - 2026 (USD Billion)
      • 8.5.6. Brazil
        • 8.5.6.1. Brazil online travel booking market revenue, by service type, 2017 - 2026 (USD Billion)
        • 8.5.6.2. Brazil online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
        • 8.5.6.3. Brazil online travel booking market revenue, by platform, 2017 - 2026 (USD Billion)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin America online travel booking market revenue, by service type, 2017 - 2026 (USD Billion)
        • 8.5.7.2. Rest of Latin America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
        • 8.5.7.3. Rest of Latin America online travel booking market revenue, by platform, 2017 - 2026 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. Overview
      • 8.6.2. The Middle East and Africa online travel booking market, 2017 - 2026, (USD Billion)
      • 8.6.3. The Middle East and Africa online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
      • 8.6.4. The Middle East and Africa online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
      • 8.6.5. The Middle East and Africa online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
      • 8.6.6. GCC Countries
        • 8.6.6.1. GCC Countries online travel booking market revenue, by service type, 2017 - 2026 (USD Billion)
        • 8.6.6.2. GCC Countries online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
        • 8.6.6.3. GCC Countries online travel booking market revenue, by platform, 2017 - 2026 (USD Billion)
      • 8.6.7. Rest of the Middle East and Africa
        • 8.6.7.1. Rest of the Middle East and Africa online travel booking market revenue, by service type, 2017 - 2026 (USD Billion)
        • 8.6.7.2. Rest of the Middle East and Africa online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
        • 8.6.7.3. Rest of the Middle East and Africa online travel booking market revenue, by platform, 2017 - 2026 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Priceline Group Inc.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Expedia, Inc.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Ctrip.Com International, Ltd
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. TripAdvisor LLC
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Hostelworld Group
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. CheapOair.Com
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Hotel Urbano Travel and Tourism SA
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Trivago GmbH
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. MakeMyTrip Limited
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Thomas Cook Group PLC
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global online travel booking market, 2017 - 2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Online travel booking: Market attractiveness analysis, by service type segment
6. Online travel booking: Market attractiveness analysis, by mode of booking segment
7. Online travel booking: Market attractiveness analysis, by platform segment
8. Online travel booking: Market attractiveness analysis, by regional segment
9. Company market share analysis, 2017
10. Global online travel booking market share by service type, 2017 and 2026
11. Global online travel booking market for transportation booking, 2017 - 2026(USD Billion)
12. Global online travel booking market for accommodation booking, 2017 - 2026(USD Billion)
13. Global online travel booking market for others, 2017 - 2026(USD Billion)
14. Global online travel booking market share by mode of booking, 2016 and 2024
15. Global online travel booking market by online, 2017 - 2026 (USD Billion)
16. Global online travel booking market by direct agency, 2017 - 2026 (USD Billion) 
17. Global online travel booking market share by platform, 2017 and 2026
18. Global online travel booking market for desktop, 2017 - 2026(USD Billion)
19. Global online travel booking market for mobile, 2017 - 2026(USD Billion)
20. Global online travel booking market share by region, 2017 and 2024
21. North America online travel booking market, 2017 - 2026 (USD Billion)
22. Europe online travel booking market, 2017 - 2026 (USD Billion)
23. Asia Pacific online travel booking market, 2017 - 2026 (USD Billion)
24. Latin America online travel booking market, 2017 - 2026 (USD Billion)
25. The Middle East and Africa online travel booking market, 2017 - 2026 (USD Billion)


Table Of Tables

List of Tables

1. Online travel booking market: Market Snapshot
2. Drivers of global online travel booking market: Impact analysis 
3. Restraints of global online travel booking market: Impact analysis 
4. North America online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
5. North America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion) 
6. North America online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
7. The U.S. online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
8. The U.S. online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion) 
9. The U.S. online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
10. Rest of North America online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
11. Rest of North America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
12. Rest of North America online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
13. Europe online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
14. Europe online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
15. Europe online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
16. Germany online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
17. Germany online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
18. Germany online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
19. UK online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
20. UK online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
21. UK online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
22. France online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
23. France online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
24. France online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
25. Rest of Europe online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
26. Rest of Europe online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
27. Rest of Europe online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
28. Asia Pacific online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
29. Asia Pacific online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
30. Asia Pacific online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
31. China online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
32. China online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
33. China online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
34. Japan online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
35. Japan online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
36. Japan online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
37. India online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
38. India online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
39. India online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
40. Rest of Asia Pacific online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
41. Rest of Asia Pacific online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
42. Rest of Asia Pacific online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
43. Latin America online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
44. Latin America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
45. Latin America online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
46. Brazil online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
47. Brazil online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
48. Brazil online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
49. Rest of Latin America online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
50. Rest of Latin America online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
51. Rest of Latin America online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
52. The Middle East and Africa online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
53. The Middle East and Africa online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
54. The Middle East and Africa online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
55. GCC Countries online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
56. GCC Countries online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
57. GCC Countries online travel booking market revenue, by platform, 2017 - 2026(USD Billion)
58. Rest of the Middle East and Africa online travel booking market revenue, by service type, 2017 - 2026(USD Billion)
59. Rest of the Middle East and Africa online travel booking market revenue, by mode of booking, 2017 - 2026 (USD Billion)
60. Rest of the Middle East and Africa online travel booking market revenue, by platform, 2017 - 2026(USD Billion)

Methodology

Free Analysis

Online travel booking service is accessible twenty-four by seven via online browsers, websites, etc. and helps in saving time and efforts of consumers to book any sort of travel service. Currently, market players are engaged in offering travel services through mobile apps and websites, as it is one of the majorly preferred media for travel bookings, especially among young professionals. The process of online travel booking is quick and easy which is driving the global online travel booking market.

Growing digitization and globalization globally coupled with the rising adoption of online payment is anticipated to further drive the online travel booking market over the forecast timeframe. Increasing penetration of internet, the rising disposable income of people in emerging countries and ease of comparing various travel options online is predicted to drive the online travel booking market in the future. Industry players are constantly introducing novel travel and vacation package deals to assist tourists in making proper travel decisions according to their spending capabilities, such as affordable packages for international destinations, discount on car rentals, cash back on international flights, etc. It is also simple for tourists to modify or cancel reservations online, instead of calling the hotels or airlines and waiting for a customer service representative to aid through the process of cancellation.

Online-Travel-Booking-Market

By on service type, the online travel booking market is segmented into transportation booking, accommodation booking, and others. By mode of booking, the market is segmented into online and direct agency. By platform, the market is segmented into desktop and mobile.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global online travel booking market. North America held a major market share in 2017 with the U.S. being a major revenue contributor. The region is expected to grow substantially over the forecast timeframe, due to the increasing adoption of mobile applications for online travel booking, especially in the transportation sector. The Asia Pacific online travel booking market is likely to grow at the fastest rate in the future, due to digitization trends and internet penetration in the region.

Some key players operating in the global online travel booking market include Priceline Group Inc., Expedia, Inc., Ctrip.Com International, Ltd., Trip Advisor LLC, Hostelworld Group, CheapOair.Com., Hotel Urbano Travel and Tourism SA, Trivago GmbH, MakeMyTrip Limited, and Thomas Cook Group Plc.

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FrequentlyAsked Questions

Automating of booking helps in saving time of the staff and this will proliferate the expansion of the online travel booking industry over the estimated timeline. Furthermore, travel agents are carrying out online booking to not only expand their business but offer best services to the consumers. Such moves will further steer the market size in the years to come. With speedy & hassle-free online travel booking activities, the conversion rate of the end-users has surged and this has resulted in massive revenue for the travel industry in the current years. Furthermore, increase in the smartphones as well as iPhones & tablets will prompt the expansion of online travel booking industry over the forthcoming years.

According to Zion market research report, the global Online Travel Booking market, which was estimated at 812 (USD Billion) in 2019 and is predicted to accrue earnings worth 1,955 (USD Billion) by 2026, is set to record a CAGR of nearly 12.1% over 2020-2026.

North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited to factors like presence of strong IT infrastructure, rise in the number of persons travelling via train, and presence of key players in the online travel booking business. Apart from this, rise in the internet penetration as well as smartphone & laptop use in the countries like Canada and the U.S. will further promulgate the elevation of the market in the North American sub-continent over the forecast timespan.

The key players profiled in the report include Hostelworld Group, CheapOair.Com., MakeMyTrip Limited, Tourism SA, Priceline Group Inc., Hotel Urbano Travel, Expedia, Inc., Trip Advisor LLC, Trivago GmbH, Ctrip.Com International, Ltd., and Thomas Cook Group Plc.

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