Online travel booking platform market: 36% of growth originates from Asia Pacific

The Market share online travel booking platform It is expected to increase by US$943.60 billion From 2021 to 2026with acceleration Compound annual growth rate of 14.64% – According to a recent Technavio market study.

  • One of the major factors driving the growth of the global online travel booking platform market is Increased penetration of the Internet and smart phones due to rapid technological progress.
  • The Increase adoption of online payment platforms Another factor supporting the market share growth of the online travel booking platform.
  • One of the major factors hindering the growth of the global online travel booking platform market is Disruptions in travel demand due to many issues such as airline rates, hotel pricing and natural disasters.
  • Asia Pacific will have the highest growth rate of 36% Among other areas. Therefore, the Asia Pacific online travel booking platform market is expected to offer significant business opportunities to vendors during the forecast period.
  • The Online travel booking platform market expected to be Positive effect Although spread COVID-19 virus. In the short term, the Market demand will show super growth.
  • Such as The impact of COVID-19 on business is waning, The online travel booking platform market . is expected to have Positive and superior growth.
  • Market vendors of online travel booking platform should focus on seizing business opportunities from packet sector because it represents The largest market share in the base year.

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Report scope

Online travel booking platform market scope

Report coverage

details

page number

120

base year

2021

prediction period

2022-2026

Growth Momentum and CAGR

Accelerating at a compound annual growth rate of 14.64%

Market Growth 2022-2026

$943.60 billion

Market Structure, Market Structure

fragmented

Annual Growth (%)

13.45

Regional Analysis

North America, Asia Pacific, Europe, South America, Middle East and Africa

Market share performance

Asia Pacific with 36%

Main consuming countries

United States, China, United Kingdom, Germany, France, India and Japan

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Airbnb Inc. and Booking Holdings Inc. and eDreams ODIGEO and Expedia Group Inc. and Hostelworld.com Ltd. and MakeMyTrip Ltd. and Thomas Cook (India) Ltd. and Trip.com Group Ltd. TripAdvisor LLC, TUI AG

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID 19 and future consumer dynamics, Market status analysis for the forecast period,

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Parcel booking has the largest market share

  • Online travel booking platform market share growth by packet sector It will be important during the forecast period.
  • Market sellers, such as Expedia Group, Ctrip.com International, TripAdvisor, MakeMyTrip, They are increasingly competing to offer such packages in more Suitable cost and discounts for various local and international locations.
  • Families and the elderly prefer packages because they include all the necessary extras, and the tour operators take care of the whole trip, Which will lead to increased growth in this sector.

Buy a report now to get more insights into the market contribution from various sectors

APAC is expected to hold a large market share

  • 36% Of the market growth will arise from the Asia Pacific region during the forecast period. ChinaAnd the IndiaAnd the Japan are the main markets For online travel booking platforms in the Asia Pacific region.
  • Market growth will be in the Asia-Pacific region faster than growth from the market in other regions.
  • Big increase in The spread of the Internet and smartphones across countries such as China India will facilitate the online travel booking platform market Growth in the Asia Pacific region over the forecast period.

Quick buy For more key points about the regional market share of most of the above countries.

Seller Insights-

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

  • Airbnb Inc.
  • Booking Holdings Inc.
  • eDreams ODIGEO
  • Expedia Group Inc
  • Hostelworld.com Ltd.
  • MakeMyTrip Ltd.
  • Thomas Cook India Ltd.
  • Trip.com Group Ltd.
  • TripAdvisor LLC
  • TUI AG

Online travel booking platform market is fragmented Sellers are posting growth strategies Like offering low budget plans to compete in the market.

Buy our report To find additional features about sellers and their product offerings.

Recent Developments

  • Airbnb – The company offers various online travel bookings such as rental homes, restaurants and experiences.
  • Booking Holdings Inc.- The Company provides online travel and related services through its various subsidiaries such as pricline.com, booking.com, KAYAK, Agoda, Rentalcars.com and OpenTable.
  • eDreams Odiggo- The company offers personalized and personalized travel plans under its brands such as eDreams, Opodo, GO Voyages, Travellink and Liligo.

Download our report template To learn more about the recent developments in the online travel booking platform market

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table of contents

Executive Summary

market view

  • Market Ecosystem
  • value chain analysis

market scaling

  • Market definition
  • Market Segment Analysis
  • Market size 2021
  • Market Outlook: Forecasts for 2021-2026

Five Forces Analysis

  • Bargaining power of buyers
  • Supplier bargaining power
  • Threat of newcomers
  • The threat of alternatives
  • The threat of competition
  • market condition

Market segmentation by type

  • Market segments
  • Comparison by type
  • Packages – Market Size and Forecast 2021-2026
  • Mubasher – Market Size and Forecast 2021-2026
  • Market Opportunity by Type

Market segmentation by booking platform

  • Market segments
  • Compare by booking platform
  • Mobile Phone/Tablet – Market Size and Future Forecast 2021-2026
  • Desktop / Laptop – Market Size and Forecast 2021-2026
  • Market opportunity through the booking platform

customer scene

geographic landscape

  • geographical segmentation
  • geographical comparison
  • Asia Pacific Region – Market Size and Forecast from 2021 to 2026
  • North Amarica Market Size and Forecast 2021-2026
  • Europe Market Size and Forecast 2021-2026
  • South america Market Size and Forecast 2021-2026
  • MEA – Market Size and Forecast 2021-2026
  • Leading countries
  • Market opportunity by geography
  • Market Drivers
  • Market Challenges
  • Market trends

landscape seller

  • Summary
  • landscape disturbance

Vendor Analysis

  • covered sellers
  • Market position for sellers
  • Airbnb Inc.
  • Booking Holdings Inc.
  • eDreams ODIGEO
  • Expedia Group Inc
  • Hostelworld.com Ltd.
  • MakeMyTrip Ltd.
  • Thomas Cook India Ltd.
  • Trip.com Group Ltd.
  • TripAdvisor LLC
  • TUI AG

appendix

  • Report scope
  • Currency exchange rates for US dollars
  • Research Methodology
  • List of Abbreviations

information about us
Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in Current and potential markets and assess their competitive positions within changing market scenarios.

Contact
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The source is Technavio

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