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- Online Travel Market – Size, Outlook, Trends and Forecast (2024 – 2032)
The online travel industry is an e-commerce platform which provides easy free booking and purchasing experience to the customers. Online travel platforms have various services like online reservation systems, travel accommodation, holiday trip packages and car or bike rental facilities.
Global Online Travel Market Segments Size & Growth:
Global Online Travel Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in tourism, secure online payment facilities, secure travel bookings, and ability to compare different travel websites. Though, changing socio-economics and online security issues hamper the growth of the global online travel market.
Global Online Travel Market Segments Share:
Global online travel market is categorised into by mode of booking which consists of direct travel agencies and online travel agencies. Online travel agencies are expected to grow at a quick pace due to the emerging start-ups and secure bookings. By platforms, it is classified by smartphones and desktops. Smartphones are the leading market due to the increase in some user and other smart devices. By service, it is segmented as travel accommodation, ticket booking, car rental, and holiday packages. Ticket booking is projected to have a high growth owing to the secure online transactions and easy to compare between various OTA. Age group of 32-43 years occupies significant share in the global online travel market, whereas the young traveller of age 22-31 years, would be increasing due to the extreme usage of smartphone and social media to plan their trips.
By Geography, North America is dominating the growth of the global online travel market and the growth in North America is mainly attributed because of the technological enhancements and large of smart devices. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to the rise in adoption of social media and increase in the youth population.
Global Online Travel Market Segments Trends:
- MakeMyTrip Ltd., launched a new service “Made for You Holidays” to increase the domestic travel sector.
- Yatra Online Private Limited has launched a platform for small & medium enterprise a self-booking service without any cancellation charges.
Global Online Travel Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Yatra Online Private Limited
- Com International, Ltd.
- Hostelworld Group
- Thomas Cook Group Plc
- Hotel Urban Travel and Tourism S.A.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Secure online payment facilities
4.1.2 Increase in social media
4.1.3 Growth in internet usage
4.1.4 Rise in tourism
4.1.5 Increase in Start-ups
4.2 Restraints
4.2.1 Online payment threats
4.2.2 Changing socio-economic conditions
4.3 Opportunities
4.3.1 Emerging mobile travel apps
4.3.2 Scope for sports and medical tourism
4.3.3 Emerging opportunities for Start-ups.
4.4 Challenges
4.4.1. High competition
4.4.2. Reducing commission on Air tickets
Chapter 5 Global Online Travel Market – By Mode of Booking
5.1 Direct travel agencies
5.2 Online travel agencies
Chapter 6 Global Online Travel Market – By Platform
6.1 Smartphones or Mobiles
6.2 Desktops
Chapter 7 Global Online Travel Market – By Service Type
7.1 Travel accommodation
7.2 Car rental
7.3Ticket booking
7.3.1 Non-Air
7.3.1.1 Railways
7.3.1.2 Roadways
7.3.2 Airline
7.4 Holiday packages
Chapter 8 Global Online Travel Market – By Age
8.1 22-31
8.2 32-43
8.3 44-56
8.4 Above 56
Chapter 9 Global Online Travel Market – By Geography
9.1 Introduction
9.2 North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3 Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4 Asia Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. South Korea
9.4.5. Australia & New Zealand
9.4.6. Rest of APAC
9.5 South America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Others
9.6. The Middle East & Africa
9.6.1. The Middle East
9.6.2. Africa
Chapter 10 Global Online Travel Market – Company Profiles
10.1. TripAdvisor LLC
10.2. Airbnb, Inc.
10.3. MakeMyTrip Limited
10.4. Priceline Group Inc.
10.5. Yatra Online Private Limited
10.6. Alibaba Group
10.7. Trivago N.V.
10.8. Hostelworld Group
10.9. Fareportal, Inc.
10.10. Thomas Cook Group Plc
10.11. Akbar Travels of India Pvt. Ltd.
10.12. Hotel Urban Travel and Tourism S.A.
10.13. Ctrip.Com International, Ltd.
10.14. eLong.com
10.15. CheapOair
Chapter 11 Global Online Travel Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Report Type | Extensive Report, Miniature report, Snapshot Report |
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Licence | Single User License, Team License, Corporate License |
The online travel industry is an e-commerce platform which provides easy free booking and purchasing experience to the customers. Online travel platforms have various services like online reservation systems, travel accommodation, holiday trip packages and car or bike rental facilities.
Global Online Travel Market Segments Size & Growth:
Global Online Travel Market is accounted for $XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market growth by an increase in tourism, secure online payment facilities, secure travel bookings, and ability to compare different travel websites. Though, changing socio-economics and online security issues hamper the growth of the global online travel market.
Global Online Travel Market Segments Share:
Global online travel market is categorised into by mode of booking which consists of direct travel agencies and online travel agencies. Online travel agencies are expected to grow at a quick pace due to the emerging start-ups and secure bookings. By platforms, it is classified by smartphones and desktops. Smartphones are the leading market due to the increase in some user and other smart devices. By service, it is segmented as travel accommodation, ticket booking, car rental, and holiday packages. Ticket booking is projected to have a high growth owing to the secure online transactions and easy to compare between various OTA. Age group of 32-43 years occupies significant share in the global online travel market, whereas the young traveller of age 22-31 years, would be increasing due to the extreme usage of smartphone and social media to plan their trips.
By Geography, North America is dominating the growth of the global online travel market and the growth in North America is mainly attributed because of the technological enhancements and large of smart devices. Furthermore, Asia-Pacific is witnessing the fastest growth during the forecast period, due to the rise in adoption of social media and increase in the youth population.
Global Online Travel Market Segments Trends:
- MakeMyTrip Ltd., launched a new service “Made for You Holidays” to increase the domestic travel sector.
- Yatra Online Private Limited has launched a platform for small & medium enterprise a self-booking service without any cancellation charges.
Global Online Travel Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Yatra Online Private Limited
- Com International, Ltd.
- Hostelworld Group
- Thomas Cook Group Plc
- Hotel Urban Travel and Tourism S.A.
Chapter 1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
Chapter 2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
Chapter 3 Market Analysis
3.1 Industry Value Chain Analysis
3.2Porter’s Five Force Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
Chapter 4 Market Dynamics
4.1. Drivers
4.1.1 Secure online payment facilities
4.1.2 Increase in social media
4.1.3 Growth in internet usage
4.1.4 Rise in tourism
4.1.5 Increase in Start-ups
4.2 Restraints
4.2.1 Online payment threats
4.2.2 Changing socio-economic conditions
4.3 Opportunities
4.3.1 Emerging mobile travel apps
4.3.2 Scope for sports and medical tourism
4.3.3 Emerging opportunities for Start-ups.
4.4 Challenges
4.4.1. High competition
4.4.2. Reducing commission on Air tickets
Chapter 5 Global Online Travel Market – By Mode of Booking
5.1 Direct travel agencies
5.2 Online travel agencies
Chapter 6 Global Online Travel Market – By Platform
6.1 Smartphones or Mobiles
6.2 Desktops
Chapter 7 Global Online Travel Market – By Service Type
7.1 Travel accommodation
7.2 Car rental
7.3Ticket booking
7.3.1 Non-Air
7.3.1.1 Railways
7.3.1.2 Roadways
7.3.2 Airline
7.4 Holiday packages
Chapter 8 Global Online Travel Market – By Age
8.1 22-31
8.2 32-43
8.3 44-56
8.4 Above 56
Chapter 9 Global Online Travel Market – By Geography
9.1 Introduction
9.2 North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3 Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4 Asia Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. South Korea
9.4.5. Australia & New Zealand
9.4.6. Rest of APAC
9.5 South America
9.5.1. Brazil
9.5.2. Argentina
9.5.3. Others
9.6. The Middle East & Africa
9.6.1. The Middle East
9.6.2. Africa
Chapter 10 Global Online Travel Market – Company Profiles
10.1. TripAdvisor LLC
10.2. Airbnb, Inc.
10.3. MakeMyTrip Limited
10.4. Priceline Group Inc.
10.5. Yatra Online Private Limited
10.6. Alibaba Group
10.7. Trivago N.V.
10.8. Hostelworld Group
10.9. Fareportal, Inc.
10.10. Thomas Cook Group Plc
10.11. Akbar Travels of India Pvt. Ltd.
10.12. Hotel Urban Travel and Tourism S.A.
10.13. Ctrip.Com International, Ltd.
10.14. eLong.com
10.15. CheapOair
Chapter 11 Global Online Travel Market – Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
Chapter 12 Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
Chapter 13 Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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