Online Travel Booking Market was valued at US$ 561.99 Bn. in 2022 and the total revenue is expected to grow at 9.7% of CAGR through 2023 to 2029, reaching nearly US$ 1074.4 Bn.

Online Travel Booking Market Overview

"The Online Travel Booking  market report also gives information on the leading businesses functioning in the Online Travel Booking industry's, strategic ambitions and company growth strategies. Market Research Report includes the current state of the market in terms of the definitions, classifications, applications, and industry chain structure. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research. The report provides unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period."

Online Travel Booking Market Scope

"The report covers a time span from 2017 to 2029, including historical data from 2018 to 2022, the base year as 2022, and an estimated year of 2023, while forecasting for the period from 2022 to 2029. It covers major growth drivers, market dynamics, challenges, and scope, along with conducting PESTAL, PORTER, and SWOT analyses. The Maximize Market Research report offers a comprehensive and dynamic analysis of the Online Travel Booking market, utilizing a rigorous research methodology. The report also highlights the latest developments and cutting-edge technologies in the global Online Travel Booking market. It provides detailed insights into the market, including market shares, supply chain analysis, and key success factors. The report's conclusion features opinions from industry experts representing top-leading organizations in the global Online Travel Booking market."

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Segmentation

Desktop and mobile are separate segments of the online travel booking market. During the projected period, mobile devices are anticipated to rule the online travel booking industry. Even though mobile has conquered the majority of the internet, online booking on mobile is still not particularly common. Even though mobile has mostly assumed the place of the internet, online booking is still not a common practise. Nearly 80% of Americans still like using their desktop or laptop computer to make a reservation. These numbers are consistent throughout the world; 33% of passengers in France, 15% in Germany, and 25% in the United Kingdom make reservations using their mobile devices. 48% of American smartphone users said they'll use their devices only for research and booking vacations.

Booking Method

The Online Travel Booking Market is divided into Direct Travel Agency and Online Booking. In 2022, direct travel agencies held the biggest market share. Only 24.3% of Americans book their vacation through a physical agency, despite the fact that doing so can save customers up to $452 and four hours of preparation time each trip in the online travel booking industry. One-stop digital shops that enable customers to plan their entire trip on one website are currently driving the growth of the travel industry. By 2020, according to several estimates, these companies will own 41% of the market. However, according to current research, travel agents might return in 2020.

by Device Outlook
Desktop
Mobile

by Booking Method
Online Booking
Direct Travel Agency

by Service Type
Vacation Packages
Accommodation Booking
Transportation Booking
Others

Key Players

1. Ixigo-Le Travenues Technology Ltd (India)
2. MAKEMYTRIP PVT. LTD. (India)
3. Cox & Kings Ltd. (India)
4. Cleartrip (India)
5. Yatra Online Limited (India)
6. EaseMyTrip (India)
7. Thomas Cook Ltd. (India)
8. Faresdaddy (India)
9. Apricot Tours (pakistan)
10.Trip.com Group Limited (China)
11.Agoda (Singapore)
12.Trip.com Group (Singapore)
13.HolidayPasal.com (Nepal)
14.KoreaTravelEasy (South Korea)
15.Traveloka (Indonesia)
16.Expedia Group, Inc. (US)
17.Booking Holdings Inc. (US)
18.Tripadvisor, Inc. (US)
19.corporateFlights.com (US)
20.2FN Travel (US)
21.Airtkt.com, Inc (US)
22.Q Travel Cloud (UK)
23.Lastminute.com Group (Switzerland)
24.Booking.com (Netherlands)
25.Despegar (Argentina)

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Regional Analysis

The report offers statistical data on the market growth for each influential economy worldwide in the Online Travel Booking industry. It takes into account various countries, including North America, Asia-Pacific, Europe, Latin America, and MEA, during its preparation. The report covers all the emerging trends, population growth, as well as government strategies and regulations related to the market. In the conclusion part, regional insights provide historical and forecasted data for all economies, showcasing their impact on the market.

Key Questions answered in the Online Travel Booking Market Report are:

• What is Online Travel Booking Market?
• What is the forecast period of the Online Travel Booking Market?
• What is the competitive scenario of the Online Travel Booking market?
• Which region held the largest market share in the Online Travel Booking Market?
• What are the opportunities for the Online Travel Booking Market?
• What are the restraining factors in the Online Travel Booking market?
• Who are the key players of the Online Travel Booking market?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Online Travel Booking 
• Landscape- Leading key players and other prominent key players.

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