iCrowd Newswire
08 Oct 2019, 06:33 GMT+10
The online travel market is gaining popularity due to the increasing popularity of the internet among the user and an increasing number of smartphones. Online travel agencies allow customers to book flights, hotels, and other travel related services through websites and mobile apps. The online travel market is a highly competitive market with the presence of a large number of players in the market, and due to low entry barriers new players are emerging, and this factor is intensifying the competition in the online travel market. The Asia-Pacific region is expected to grow significantly in the forecast period which might create opportunities for the companies operating in this market to generate more revenues.
An increasing number of travelers, growing disposable incomes, and the increasing popularity of online travel apps are the major factors that are supporting the growth of the online travel market. However, an increasing number of cyber-attacks and growing privacy concerns are the major restraining factors for the online travel market. The players offering in the online travel market are focusing on offering heavy discounts on the travel packages to attract more customers which is creating pricing pressure on other companies in the market. The "Global Online travel Market Analysis to 2027" is a specialized and in-depth study of the online travel industry with a special focus on the global market trend analysis. The report aims to provide an overview of online travel market with detailed market segmentation by coffering, booking mode, platform and geography. The global online travel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading online travel market players and offers key trends and opportunities in the online travel market.
Get Sample PDF Copy of This Report@https://www.theinsightpartners.com/sample/TIPRE00005961/
Some of The Leading Players In Global Market:
1. Airbnb Inc.2. Expedia Group3. Fareportal Inc.4. Hostelworld Group5. MakeMytrip Limited6. priceline. com LLC7. Thomas Cook Group plc8. TripAdvisor Inc.9. Trivago Gmbh10. TUI Group
The global online travel market is segmented on the basis of offering booking mode, and platform. Based on offering, the market is segmented as travel, accommodation, and tours and package. On the basis of booking mode the market is segmented as direct and travel agencies. Based on the platform the market is segmented into desktop applications and mobile applications. The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global online travel market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The online travel market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting online travel market from both dem and and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the online travel market in these regions. The reports cover key developments in the online travel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from online travel market are anticipated to lucrative growth opportunities in the future with the rising dem and for online travel in the global market. Below mentioned is the list of few companies engaged in the online travel market.
Inquire Before Buying@https://www.theinsightpartners.com/inquiry/TIPRE00005961/
Contact Information:
Phone: +1-646-491-9876
Email: [email protected]
Get a daily dose of Business Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Business Sun.
More InformationREDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
Politicians claim the platforms algorithms boost hate speech and threaten democracy France has opened a criminal investigation into...