Online Travel Booking Platform Market Size Expected to Grow USD 943.6 Billion | APAC to occupy 36% market growth

Supplier Landscape
The global online travel booking platform market is fragmented and the degree of fragmentation will accelerate during the forecast period. The market is characterized by the presence of a large number of large and small sellers. Established providers have strong financial capabilities and expertise to deliver high quality services. Small sellers compete with established sellers by using low pricing strategies and building local customer base.

Increase in internet and smartphone penetration due to technological advancements has been instrumental in driving the growth of the market. However, disruptions in travel demand due to various issues such as airline prices, hotel prices, and natural disasters might hamper the growth of the market. Competitors should focus on differentiating their product offerings with unique value propositions to strengthen their market presence. Market sellers also need to take advantage of existing growth prospects in fast-growing segments, while maintaining their positions in slow-growing segments. Airbnb Inc., Booking Holdings Inc., eDreams ODIGEO, Expedia Group Inc., Hostelworld.com Ltd., MakeMyTrip Ltd., thomas cook (India) Ltd., Trip.com Group Ltd., TripAdvisor LLC and TUI-AG are among the major players in the market.

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Online Travel Booking Platforms Market 2022-2026: Segmentation
The global online travel booking platform market is segmented as follows:

The package segment will have the maximum market share. Availability of cheaper cost packages and discounts for various domestic and international locations and dynamic pricing technologies adopted by providers are driving the growth of the segment.

  • Booking platform
    • Mobile/tablet
    • desktop/laptop computer

The mobile/tablet segment will account for the maximum revenue generation in the market during the forecast period. The increasing adoption of smartphones and the availability of multiple travel applications are driving the growth of the segment.

  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • AEM

Around 36% of the market share will come from APAC during the forecast period. The increase in internet and smartphone penetration in countries such as China and India are the major drivers of regional market growth. In addition, the strong demand for international and domestic travel to countries such as Japan, China, Thailandand Singapore contributes to the growth of the online travel booking platform market in APAC.

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. The Online Travel Booking Platform Market report covers the following areas:

Online Travel Booking Platform Market 2022-2026: Key Highlights

  • Market CAGR over the forecast period 2022-2026
  • In-depth information on the factors that will contribute to the growth of the Online Travel Booking Platform Market over the next five years
  • Estimation of the Online Travel Booking Platform market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the online travel booking platform market
  • Market Competitive Landscape Analysis and Detailed Vendor Information
  • Comprehensive details of the factors that will challenge the growth of the Online Travel Booking Platform Market vendors

Related reports:

Online Travel Booking Platform Market Scope

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 14.64%

Market Growth 2022-2026

$943.60 billion

Market structure

Fragmented

Annual growth (%)

1:45 p.m.

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

APAC at 36%

Main consumer countries

United States, China, United Kingdom, Germany, France, India and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Airbnb Inc., Booking Holdings Inc., eDreams ODIGEO, Expedia Group Inc., Hostelworld.com Ltd., MakeMyTrip Ltd.,
Thomas Cook (India) Ltd., Trip.com Group Ltd., TripAdvisor LLC and TUI AG

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis,
Impact of COVID 19 and future consumer dynamics, analysis of market conditions for the forecast period

Personalization area

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Contents:
Summary
Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by type

  • Market segments
  • Comparison by type
  • Packages – Market size and forecast 2021-2026
  • Direct – Market size and forecast 2021-2026
  • Market Opportunity by Type

Market segmentation by booking platform

  • Market segments
  • Comparison by booking platform
  • Mobile/tablet – Market size and forecast 2021-2026
  • Desktop/Laptop Computer – Market size and forecast 2021-2026
  • Market opportunity by booking platform

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2021-2026
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Airbnb inc.
  • Reservation Holdings Inc.
  • eDreams ODIGEO
  • Expedia Group Inc.
  • Hostelworld.com Ltd.
  • MakeMyTrip Ltd.
  • Thomas Cook India Ltd.
  • Trip.com Group Ltd.
  • TripAdvisor LLC
  • TUI-AG

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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