1 / 8

Online travel market analysis with forecast report to 2022

Research report on Online travel market size, share, statistics and industry analysis.

alliedmarketresearch
Download Presentation

Online travel market analysis with forecast report to 2022

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Online Travel Market Opportunities and Forecasts, 2014 – 2022

  2. Online Travel Market Overview • 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. • Direct travel suppliers, such as hotels, airlines and car rental companies, which offer booking facilities on their websites, dominate the market, whereas Online Travel Agencies (OTAs) would witness higher growth over the next 5 – 6 years. • Growth of the online travel market is driven by the increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online.   • Market players are introducing innovative travel and vacation package deals to assist travelers in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.

  3. Online Travel Market Analysis • Direct travel suppliers segment accounted for approximately 57% of the overall online travel market revenue in 2015. • Online Travel Agencies (OTAs) are growing rapidly, expanding their offerings at rapid rate to attract travelers and increase their customer base. • Though, Direct travel suppliers would continue to dominate the market over the analysis period but there will be a gradual reduction in its market share dur to Online Travel Agencies (OTAs). • Based on booking platforms, the market is segmented into mobile and desktop. • Transportation segment is projected to maintain its lead in the overall online travel services market, owing to rise in online flight bookings. • In addition, online rail bookings witnessed a significant growth in the past few years. Expedia, a leading online travel agency, has announced its plans to launch a rail ticketing service in Europe by end of 2016, to mark its presence in the rail services within the transportation segment.

  4. Online Travel Market Analysis • The online travel market is segmented on the basis of age group, wherein the travelers in the age group of 32–43 years, occupy a major portion of the market. • Smartphones and other mobile devices are largely preferred to make travel arrangements. • Moreover, social media platforms are used to review various travel service providers, destinations, transportation, and accommodations. • North America accounted for the majority revenue in 2015; however, Asia-Pacific is estimated to overtake North America in coming years to become the leading revenue-generating region.

  5. Online Travel Market Through Mobile

  6. Online Travel Market Key Findings • Growing exposure to multimedia phones and increased penetration of online services would accelerate the growth of the overall online travel market. • India is estimated to be the fastest growing country in Asia-Pacific, growing at a CAGR of 18.5% during the forecast period. • Travelers within the age group of 22 and 31 years are more inclined towards online travel services, as they are more tech savvy and are constantly connected to social media. • Flights and hotel bookings are anticipated to grow at an unprecedented rate.

  7. Online Travel Market Key Players • Expedia, Inc. • Priceline Group Inc. • TripAdvisor LLC • Ctrip.Com International, Ltd. • Hostelworld Group • Hotel Urbano Travel and Tourism Sa • Cheapoair.Com • TrivagoGmbh • Thomas Cook Group plc • MakeMytrip Limited • Alibaba Group • Elong, Inc. • TUI Group • Tuniu Corporation • AirGorilla, LLC • Hays Travel limited • Airbnb, Inc. • Yatra Online Private Limited, India

  8. Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/ Follow Us On

More Related