Chinese travelers are the world's top tourism spenders. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Copyright © 2021 MarketWatch, Inc. All rights reserved. The online travel industry is segmented on the basis of its booking mode, platform type, service type, and regional demand. 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 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 report focuses on the high growth market and provides information on the major trends, drivers, opportunity and threats in the market. 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. Economic and geopolitical factors weighed down the U.S. travel industry in 2016. Tel: +1-(347)-627-0064, Related Links 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. MRFR also estimates the market progression rate to be 13.16% between 2018 and 2023 (review period). The MarketWatch News Department was not involved in the creation of this content. 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. On the basis of its mode of booking, the market is bifurcated into direct travel facilitators and online travel agencies. We will provide covid-19 impact analysis with the report. The post Online Travel Market 2020 Analysis, Overview, Growth, Demand and Forecast Research Report to 2023 appeared first on America News Hour. Future Outlook The group travel market peaked in 1996 and hit its lowest level following September 2001. Social media platforms have emerged as a major influencer and an effective marketing platform for online tour agencies. With this, the procedure for travel booking has encountered a huge move from physical to web appointments, and now versatile stages. While leisure demand was resilient, weakness in the corporate sector was a significant headwind, and overall the market was projected to eke out just 1% growth. 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. 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. The history of the conference on the Russian online travel market confirms the professional reputation of the site. 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. 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. Perspectives d'avenir Le marché des voyages de groupes a connu son apogée en 1996 et est descendu au plus bas après septembre 2001. Market analysis Email: sales@kennethresearch.com You can also contact MarketWatch Customer Service via our Customer Center. Discover more about China's eye-watering growth and where it is heading with this key trends report. What are the strategies adopted by key players? Global Online Travel Booking Platform Market is estimated to be valued US$ XX.X million in 2019. Along these lines, web-based life stages help online travel organizations to advertise their administrations and carry straightforwardness and simplicity to the whole procedure. Am I obliged to tell my sisters she made me co-owner of a substantial bank account. 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. Based on its platform type, the market is divided into the desktop-based platform and mobile/tablets based. October 24-25, 2018 Moscow, Renaissance Moscow Monarch Center. 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. Online agencies have had a huge impact on the travel market. MakeMyTrip (India) Pvt. This trend is expected to increase with the introduction of more social media 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. Les agences en ligne ont eu un immense impact sur le marché des voyages. Still, offline sales remain very prominent for travel distribution because of generally low digital payments adoption and weak credit card penetration. 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. Market segmentation. 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. 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. 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. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Geographically, the global online travel industry is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. Online travel providers aim to ease travel planning and bookings for travelers. 13% IT. Purchase the Travel Industry and Online Travel Global Overview strategy briefing as part of our travel market research for October 2015. 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. Based on its service type, the market is divided into accommodation, transportation, and vacation packages, and regional demand. 11% airlines. 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. 13% hotels and online booking services. 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. 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 It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. https://www.kennethresearch.com, The UAE aerial work platform market was valued at USD Million 285.34 in 2018. The online travel market 2020 could potentially reach a valuation of USD 1,134.55 Billion by 2023, confirms Market Research Future (MRFR). 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. Thus, social media platforms help online travel agencies to market their services and bring transparency and ease to the entire process. Kenneth ResearchEmail: Sales@kennethresearch.comPhone: +1 313 462 0609. 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 However, the market in Asia-Pacific is expected to register the highest CAGR of 15.9%. 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 . 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. Through 2022, online travel gross bookings will grow in double digits and outpace the overall travel market. Online Tourism Market is expected to be USD 1.2 Trillion by the end of year 2024. A majority of travelers rely on online reviews and comments of other users before booking hotels or making reservations in restaurants. Many translated example sentences containing "online travel market" – French-English dictionary and search engine for French translations. The online travel industry has experienced a few changes in the course of the most recent decade, attributable to innovation propels. The service model of online tour agencies provides multiple services through a single platform. In September 2018, TUI Group strengthened its position in the excursions, tours and activities business, with the acquisition of Italian technology start-up Musement. COMTEX_375327185/2606/2020-12-01T06:33:47. The global market for online travel is estimated to grow at a significant rate during the forecast period from 2018 to 2023. In Europe, focus on tourism is considered as one of the key pillars for the growth of employment and inclusive growth of the economy. By incorporating these technologies in their existing platforms and applications they can deliver a better user experience. Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. 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. 30%. India’s online travel market is already quite competitive with several players jostling for a piece of the growing pie. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. The report offers an in-depth analysis of the market following the coronavirus disease outbreak. 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. What was the historic market size (2017)? Request For Full Report:https://www.kennethresearch.com/sample-request-10085944. Read More. Group travel market online travel market covid-19 impact analysis with the report focuses on providers... 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