Global Online Travel Booking Market Overview
Introduction:
Online travel booking is connecting travel and hospitality industry suppliers with the buyers integrated form into single screen. Online travel booking provide users their travel requirements such as departure date, destination, return date, and class of travel. Main advantage of booking on online travel portal is convenience. Using this booking user can easily do booking any time and it is very easy for travelers to update or cancel online booking. These online booking agencies provides the comfort of booking from any place of the world and offers a consumer with convenient packages and price saving options. The website finds best travel offers and prices across multiple sources and aggregates them all in one place. It provides wide variety of options to the consumers while selecting travels. The Online Travel Booking Market accounted for US$ 644.6 billion in 2020 and is estimated to be US$ 2186.73 billion by 2030 and is anticipated to register a CAGR of 13.1%.
Global Online Travel Booking Market Dynamics
Rising technological advancement
Increasing technological developments across the globe, along with growing usage of smart phones in travel industry and hotel booking sector are major factors driving growth of the global online travel booking market. In addition, increasing penetration of internet of things in developing countries, along with rise in online transaction are major factors propelling growth of the global online travel booking market. Furthermore, rising adoption of travel services through mobile websites and apps, coupled with huge discount, cash back, and gift vouchers being offered by key players on online booking are boosting the global market.
However, lack of knowledge of internet in developing countries and fear of fraudulent sites can expected to hamper growth of the global online travel booking market up to certain extents in near future. Introducing unique and cost-effective holiday packages by players can create lucrative opportunities in the global online travel booking market.
Global Online Travel Booking Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global online travel booking market is segmented based on service type, mode of booking, platform, and region.
On the basis of service type, the target market is classified into transportation booking, accommodation booking, and others. On the basis of mode of booking, the target market is classified into online and direct agency. On the basis of platform, the target market is bifurcated into desktop and mobile.
Regional Insights:
The global online travel booking market accounted for US$ 644.6 billion in 2020 and is estimated to be US$ 2186.73 billion by 2030 and is anticipated to register a CAGR of 13.1%. On region the global online travel booking market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America online travel booking market accounted for major revenue share in global online travel booking market, followed by other regions. This is attributed to well-developed IT infrastructure, increasing number of people traveling through train, airline, and other mode of transports, and presence of major players operating in the countries of the North America region. Europe online travel booking market accounted for second-highest market share, owing to the increasing adoption of mobile applications for online travel booking, especially in the transportation sector in European countries. Asia Pacific online travel booking market is expected to grow at the highest rate during the forecast period, due to digitalization trend, increase in disposable income, and greater penetration of internet facilities in countries of the region.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 – 2030 |
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Market Segmentation |
By Service Type- Transportation Booking, Accommodation Booking, and Others. By Mode of Delivery– Online and Direct Agency By Platform– Desktop and Mobile |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global online travel booking market report based on service type, mode of booking, platform, and region.
Global Online Travel Booking Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Online Travel Booking Market Key Players
The key players operating in the global online travel booking market includes Priceline Group Inc., Expedia, Inc., Ctrip.Com International, Ltd., Trip Advisor LLC, Hostel world Group, CheapOair.Co. Hotel Urbano Travel, Tourism SA, Trivago GmbH, MakeMyTrip Limited, and Thomas Cook Group Plc.
Make My Trip:
It is India’s leading online travel company founded in the year 2000. Created to empower the Indian traveler with instant booking and comprehensive choices, the company started his journey in the US-India travel market.
Global Online Travel Booking Market Company Profile
- Priceline Group Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Expedia Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Ctrip.com International Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Trip Advisor LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hostel World Grp
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CheapOair.com
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Hotel Urbano Travel
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tourism SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Make My Trip Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Thomas Cook Grp PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Online Travel Booking Market Table of Contents
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Mode of Booking
- Market Snippet, By Platform
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Online Travel Booking Market, By Service Type, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Transportation Booking
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Accommodation Booking
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Online Travel Booking Market, By Mode of Booking, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Online
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Direct Agency
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Online Travel Booking Market, By Platform, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Segment Trends
- Desktop
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Mobile
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
- Overview
- Global Online Travel Booking Market, By Region, 2019 – 2029, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2019 – 2029
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Mode of Booking, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Mode of Booking, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Mode of Booking, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Mode of Booking, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Service Type, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Mode of Booking, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Platform, 2019 – 2029
- Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Priceline Group Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Expedia, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Ctrip.Com International, Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Trip Advisor LLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hostelworld Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- CheapOair.Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Hotel Urbano Travel
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Tourism SA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Trivago GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- MakeMyTrip Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Thomas Cook Group Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Priceline Group Inc.
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Global Online Travel Booking Market report segments the market on the basis of service type, mode of booking, platform, and region.
Rise in technological developments and smart phone uses in travel industry and hotel booking sector are driving growth of the global online travel booking market.
North America online travel booking market accounted for major revenue share of the global online travel booking market and is further anticipated to maintain its dominance over the forecast period.
The leading players operating in the Global Online Travel Booking Market includes Priceline Group Inc., Expedia, Inc., Ctrip.Com International, Ltd., Trip Advisor LLC, Hostelworld Group, CheapOair.Co., Hotel Urbano Travel, Tourism SA, Trivago GmbH, MakeMyTrip Limited, and Thomas Cook Group Plc.