What was the historic market size (2017)? This has helped in changing the procedure of travel booking, making it simple and quick. Major factors responsible for the growth of the online travel market in North America are the increasing demand for CRM solutions across different industries, and the adoption of mobile booking technology and travel apps. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. Kenneth Research The online travel agencies enable customers to […] Future Outlook The group travel market peaked in 1996 and hit its lowest level following September 2001. World travel market statistics show the travel industry to be worth around $1.2 trillion a year. The global online travel market is expected to grow from USD 570.25 billion in 2017 to USD 1,134.55 billion by 2023, at a compound annual growth rate (CAGR) of 13.16% during the forecast period. In September 2018, TUI Group strengthened its position in the excursions, tours and activities business, with the acquisition of Italian technology start-up Musement. Social media platforms have emerged as a major influencer and an effective marketing platform for online tour agencies. Based on its platform type, the market is divided into the desktop-based platform and mobile/tablets based. You can also contact MarketWatch Customer Service via our Customer Center. Chinese travelers are the world's top tourism spenders. 13% hotels and online booking services. The report focuses on well-known providers in the global Online Travel industry, market segments, competition, and the macro environment. The report offers an in-depth analysis of the market following the coronavirus disease outbreak. China is probably the world's single biggest and most important tourism market but it has its own unique ecosystem, with players unfamiliar to many in the West and often quite different consumer behaviours. Contact the source provider Comtex at editorial@comtex.com. Based on its service type, the market is divided into accommodation, transportation, and vacation packages, and regional demand. Geographically, the global online travel industry is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. Moreover, the market i, The global Control Valves Market was valued at USD 6.45 billion in 2016 and is projected to reach US, Copyright ©document.write(new Date().getFullYear()); All rights reserved | Privacy Policy | Terms & Conditions, New York, United States, Jan 13, 2021, 06:20 /Comserve / --, https://www.kennethresearch.com/sample-request-10085944. India’s online travel market is approaching maturity, as more segments transition to digital channels. Moreover, the influx of big data and other complementing technologies such as automation and augmented and virtual reality (AR/VR) is expected to create opportunities for travel agencies. Online travel agencies are expected to grow at a quick pace due to the emerging start-ups and secure bookings. Euromonitor International is the leading provider of strategic market … New York, United States, Jan 13, 2021, 06:20 /Comserve / -- The global online travel market is expected to grow at USD 1,134.55 billion by 2023 with a CAGR of 13.16% during the forecast period. Global online travel market is categorised into by mode of booking which consists of direct travel agencies and online travel agencies. This has helped in changing the process of travel bookings, making it easy and swift. This, in turn, can hamper the growth of the global online travel market. The online travel market is driven by quick and convenient flight and hotel bookings, rise in customers’ trust in online payment, and ability to compare various available travel options. The global online travel market is expected to grow from USD 570.25 billion in 2017 to USD 1,134.55 billion by 2023, at a compound annual growth rate (CAGR) of 13.16% during the forecast period. The company will be wholly owned by ATPCO but will operate separately, Request For Full Report- https://www.kennethresearch.com/sample-request-10154441, In November 2017, Airbnb announced the acquisition of Accomable, a British start-up that focuses on travel listings that are disabled-friendly. Industry data shows a continuous year on year growth for the industry, and online travel marketing statistics see a 10.4% increase in online bookings since 2018. Discover more about China's eye-watering growth and where it is heading with this key trends report. In Europe, focus on tourism is considered as one of the key pillars for the growth of employment and inclusive growth of the economy. Purchase the Travel Industry and Online Travel Global Overview strategy briefing as part of our travel market research for October 2015. Email: sales@kennethresearch.com This Research Report covers: Online Tourism Market, By Travel & Hotel Booking (Online, Offline), Type (Mobile, PC), Regions (United States, Europe, Latin America, Asia Pacific, Middle East) Companies (Expedia, Inc, Booking Holdings Inc, TripAdvisor Inc, Ctrip.com International Ltd) Global Analysis Dec 01, 2020 (AmericaNewsHour) -- Tel: +1-(347)-627-0064, Related Links Thus, social media platforms help online travel agencies to market their services and bring transparency and ease to the entire process. Other companies including Hostelworld Group (Ireland), Hotel Urbano Travel and Tourism SA (Brazil), CheapOair.Com (US), AirGorilla, LLC (California), Hays Travel limited (UK), Yatra Online Private Limited (India), Tuniu Corporation (China) among others also have a prominent presence in the market. We will provide covid-19 impact analysis with the report. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. The company is also focusing on developing its platform and features to attract more of those looking to book disabled-friendly travel servicesIn July 2017, Travelsoft acquired Sepage, a travel data marketing service. Utilization of innovation in the movement business has made some amazing progress since the global distribution system (GDS) because of the utilization of portable applications and the rising entrance of the Internet. The report focuses on the high growth market and provides information on the major trends, drivers, opportunity and threats in the market. The global market for online travel is estimated to grow at a significant rate during the forecast period from 2018 to 2023. These teams read, review, and analyze bookings in order to identify trends that can help them attract new customer base while retaining old customers. Ltd (India), Alibaba Group Holding Limited (China), Airbnb Inc. (US) and eDreams ODIGEO SA (Luxembourg), Expedia Inc. (US), Booking Holdings Inc. (US), TripAdvisor Inc. (US), Ctrip.com International Ltd (China), Ryanair DAC (Ireland), Thomas Cook Group PLC (UK), among others are some of the major players in the global online travel industry. The report on the Online Travel Sites market offers in-depth analysis covering key regional trends, market dynamics, and provides country-level market size of the Online Travel Sites industry. The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The report on Online Travel Booking Platform Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. COMTEX_375327185/2606/2020-12-01T06:33:47. Global online travel market is expected to witness significant growth during the forecast period (2018–2026), due to high internet penetration, easy availability of online platforms, and growing travel & tourism industry, worldwide. The market shows the dominance of some of the major players like Expedia, and Booking.com while startups like Medigo, TravelPerk and Bidroom among others are highly competitive. Hotels also have social media teams for promoting their brand through various social media platforms. Major players In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players. Online agencies have had a huge impact on the travel market. The online travel industry has undergone several changes over the last decade, owing to technology advances. Speakers'-2018 feedbacks travel agencies and tour operators. Online sales market for travel brands in India 2017-2022 by category Leading online car and property classifieds worldwide 2019-2021, by CAGR Skyscanner revenues 2014-2018, by source In Asia-Pacific, advancements in technology in the travel sector are enhancing the growth of the online travel business. On the basis of its mode of booking, the market is bifurcated into direct travel facilitators and online travel agencies. Market analysis The service model of online tour agencies provides multiple services through a single platform. 11% airlines. Les agences en ligne ont eu un immense impact sur le marché des voyages. Global Online Travel Booking Platform Market is estimated to be valued US$ XX.X million in 2019. IMTM 2020 Registrations Latest Updates IMTM 2020 is an initiative to help rebuild the country’s tourism industry with the most influential B2B online resources International Maldives Travel Market 2020 REGISTER NOW Day 01 IMTM 2020 Virtual Programme 16 NOVEMBER 2020 Watch Opening Ceremony 1 Opening Ceremony 08:30 AM | By IMTM Privtae Limited 2 Digital … Kenneth ResearchEmail: Sales@kennethresearch.comPhone: +1 313 462 0609. Online Travel Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the period 2016-2022. MakeMyTrip (India) Pvt. Nowadays, market players are extensively o… Online Travel Global Market 2020 research report presents analysis of market size, share, and growth, trends, cost structure, statistical and comprehensive data of the global market. The global Online Travel market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Online Travel market. Online Travel Market is expected to grow from USD 570.25 billion in 2017 to USD 1,134.55 billion by 2023, at a compound annual growth rate (CAGR) of 13.16% during the forecast period, Global Online Travel Market Platform Type, Mode of Booking, Service Type and Region Is there a problem with this press release? The acquisition is expected to help TUI to expand its portfolio of travel experience products and to customize them for clients better, In June 2018, Cleartrip announced its acquisition of Saudi Arabia's largest online travel aggregator Flyin. A majority of travelers rely on online reviews and comments of other users before booking hotels or making reservations in restaurants. The post Online Travel Market 2020 Analysis, Overview, Growth, Demand and Forecast Research Report to 2023 appeared first on America News Hour. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Additionally, service providers and tour operators have adopted digitalization and automation to develop greater productivity and offer customers a unique travel experience. This acquisition is expected to help Cleartrip to gain a wider customer base, enhancing its competencies in the Middle East and North AfricaIn February 2018, ATPCO announced the acquisition of Routehappy, a company that provides flight scores, cabin amenity data, and merchandising tools. Asia-Pacific is expected to witness the highest growth during the forecast period. This market study is definitely going to be useful and can be utilized as a valuable source of assistance for the investors, manufacturers related to the product, suppliers, distributors, investment banks, management consulting companies, regulatory and government bodies, research organizations, and forums. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. The growing reach of the Internet, developments in technology, and increasing tourism services are responsible for the growth of this market in the Middle East and South America. However, the market in Asia-Pacific is expected to register the highest CAGR of 15.9%. The MarketWatch News Department was not involved in the creation of this content. The history of the conference on the Russian online travel market confirms the professional reputation of the site. Ltd (India), Alibaba Group Holding Limited (China), Airbnb Inc. (US) and eDreams ODIGEO SA (Luxembourg). However, there exists no centralized system that can streamline data between government agencies and private travel agencies thus, creating a gap between them. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries. Request For Full Report:https://www.kennethresearch.com/sample-request-10085944. Online tour agencies have integrated all modes of transport and accommodation options under a single platform which has encouraged users to opt the same. This report focuses on the top players in global market, like Expedia Priceline Group (Booking.com) TripAdvisor Orbitz Ctrip.com International Hostelworld Group Hotel Urbano Tr . Am I obliged to tell my sisters she made me co-owner of a substantial bank account. This trend is expected to increase with the introduction of more social media platforms. Online Travel Payment Comprehensive Study by Travel service type (Travel accommodation, Vacation packages), Mode of Payments (Debit/Credit cards, E wallets, Internet banking, Digital payment apps, Others), Booking platforms (Desktop, Mobile) Players and Region - Global Market Outlook to 2025 By incorporating these technologies in their existing platforms and applications they can deliver a better user experience. 35%. Online Travel Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. Through 2022, online travel gross bookings will grow in double digits and outpace the overall travel market. The age group of 22-31 years comprises the young population, which are the early starters in their professional career. The agencies that help in booking travel are either online travel agencies or any direct travel suppliers. I took care of my late mother for 8 years. 10% online travel planning services. Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10154441. India’s online travel market is already quite competitive with several players jostling for a piece of the growing pie. North America accounted for the largest market share of 33.75% in 2017, with a market value of USD 192.46 billion; the market is expected to register a CAGR of 11.8% during the forecast period. Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10085944, Internet-based life stages have risen as a noteworthy influencer and a powerful advertising stage for online visit organizations. Online Tourism Market is expected to be USD 1.2 Trillion by the end of year 2024. The geographical analysis of the online travel market is done for North America, Europe, Asia-Pacific, and the rest of the world. The acquisition is expected to bring artificial intelligence to the travel and tourism industry, Based on platform type--mobile/tablets based and desktop-based platform, By mode of booking--online travel agencies and direct travel facilitators, Based on service type--transportation (air travel, train travel, bus travel and others), accommodation (hotels and guest house/dormitory) and vacation packages (in-country and outside country), By Region--North America, Europe, Asia-Pacific and rest of the world. The online travel market in Europe is expected to observe strong growth due the increasing online travel penetration in the region along with increasing preference from business travelers. The online travel industry is segmented on the basis of its booking mode, platform type, service type, and regional demand. What are the strategies adopted by key players? The online travel industry has experienced a few changes in the course of the most recent decade, attributable to innovation propels. China Online Travel Market: The Trends to Watch. Which segmentation (platform type / mode of booking / service type) is driving market? The online travel market is a highly competitive market with the presence of a large number of players in the market, and due to low entry barriers new players are emerging, and this factor is intensifying the competition in the online travel market. Online Travel Agency(OTA) Market report includes a survey, which explains value chain structure, industrial outlook, regional analysis, applications, market size, share, and forecast. Online travel providers aim to ease travel planning and bookings for travelers. ONLINE TRAVEL — 2019. Use of technology in the travel industry has come a long way since the global distribution system (GDS) due to the use of mobile applications and rising penetration of the Internet. https://www.kennethresearch.com, The UAE aerial work platform market was valued at USD Million 285.34 in 2018. Along these lines, web-based life stages help online travel organizations to advertise their administrations and carry straightforwardness and simplicity to the whole procedure. This report studies the global Online Travel market, analyzes and researches the Online Travel development status and forecast in United States, EU, Japan, China, India and Southeast Asia. Perspectives d'avenir Le marché des voyages de groupes a connu son apogée en 1996 et est descendu au plus bas après septembre 2001. By platforms, it is classified by smartphones and desktops. Read More. As a result, hotels and restaurants continuously try to improve their services based on the reviews. 13% IT. Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. The online travel market 2020 could potentially reach a valuation of USD 1,134.55 Billion by 2023, confirms Market Research Future (MRFR). Many translated example sentences containing "online travel market" – French-English dictionary and search engine for French translations. With this, the procedure for travel booking has encountered a huge move from physical to web appointments, and now versatile stages. Few executives understand this diverse travel market better than Jane Sun, CEO of Ctrip -- China's largest online travel agency. The key players of global online travel market are Expedia Inc. (US), Booking Holdings Inc. (US), TripAdvisor Inc. (US), Ctrip.com International Ltd (China), FlixMobility GmbH (Germany), Ryanair DAC (Ireland), Thomas Cook Group PLC (UK), MakeMyTrip (India) Pvt. The recent analysis of Online Travel Sites market aims to help stakeholders gain a competitive head start by unearthing the growth prospects of this industry vertical during 2020-2025. U.S. retail sales fall for the 3rd straight month, pounded by the pandemic again, https://www.kennethresearch.com/sample-request-10154441, Online Travel Market 2020 Analysis, Overview, Growth, Demand and Forecast Research Report to 2023, Take a look inside Tom Brady and Gisele Bundchen’s Massachusetts mansion, Value stocks are about to come out of their coma, says index fund powerhouse Vanguard, Exxon Mobil's stock falls after WSJ report of SEC investigation, Here's what Biden's clean-energy plan means for the solar industry. De très nombreux exemples de phrases traduites contenant "online travel market" – Dictionnaire français-anglais et moteur de recherche de traductions françaises. The global online travel market is expected to grow at USD 1,134.55 billion by 2023 with a CAGR of 13.16% during the forecast period. With this, the process for travel booking has experienced a significant shift from physical to web bookings, and now mobile platforms. Online Travel Market Report: By Platform Type (Mobile/Tablets Based, Desktop Based) Mode of Booking (Online Travel Agencies, Direct Travel Facilitators) Service Type (Transportation, Accommodation, Vacation Packages), Region — Global Forecast till 2023. Market segmentation. Europe was the second-largest market in 2017, valued at USD 178.72 billion; the market is projected to exhibit a CAGR of 12.0%. for the forecast year up to 2029. Regional analysis In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. MRFR also estimates the market progression rate to be 13.16% between 2018 and 2023 (review period). Economic and geopolitical factors weighed down the U.S. travel industry in 2016. Online travel is the type of travel that is booked online through a website that has the specialty in making the travel arrangements such as flight tickets, car rentals, and packages. October 24-25, 2018 Moscow, Renaissance Moscow Monarch Center. general director. Online travel market players are extensively offering travel services through mobile websites and apps, as it is one of the most preferred mediums of travel bookings, particularly among the young professionals. Still, offline sales remain very prominent for travel distribution because of generally low digital payments adoption and weak credit card penetration. Travelers use social media platforms to share their travel experience and post their reviews, helping other customers to choose travel agencies according to their requirements. Copyright © 2021 MarketWatch, Inc. All rights reserved. Online Travel Market Report: By Platform Type (Mobile/Tablets Based, Desktop Based) Mode of Booking (Online Travel Agencies, Direct Travel Facilitators) Service Type (Transportation, Accommodation, Vacation Packages), Region — Global Forecast till 2023. Through various social media platforms opportunity and threats in the course of the market following the disease... U.S. travel industry is segmented on the basis of its booking mode, platform type, regional! Research library comprises of more than 10,000 research reports provided by more than research... Ctrip -- China 's largest online travel industry is segmented on the travel industry undergone... 2023, confirms market research for october 2015 descendu au plus bas après septembre 2001 more media. This diverse travel market: the trends to Watch est descendu au plus après! And bookings for travelers online agencies have integrated all modes of transport and accommodation options under single. 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