Online Travel Booking Platform Market Size, Share, Trends, Industry Analysis, and Opportunities |Insights on Key Performing Segments and Market Forecast | 17000+ Technavio Reports

NEW YORK, Oct. 20, 2021 /PRNewswire/ — The online travel booking platform market is set to grow by USD 204.81…

NEW YORK, Oct. 20, 2021 /PRNewswire/ — The online travel booking platform market is set to grow by USD 204.81 billion between 2020 and 2024, at a CAGR of  5%, according to the latest market research report by Technavio. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Factors such as increasing internet and smartphone penetration will offer immense growth opportunities. However, the disruptions in travel demand will challenge the growth of the market participants. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The online travel booking platform market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Online travel booking platform market 2020-2024: Segmentation

  • Type
    • Packages
    • Direct
  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • MEA
  • Platform
    • Desktop/laptop
    • Mobile/tablet

Online Travel Booking Platform Market 2020-2024: Vendor Analysis and Scope

Some of the major vendors of the online travel booking platform market industry include 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. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. 

The report also covers the following areas:

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Online Travel Booking Platform Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist online travel booking platform market growth during 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
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online travel booking platform market vendors

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Online Travel Booking Platform Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2020-2024

USD 204.81 billion

Market structure

Fragmented

YoY growth (%)

-35.08

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, UK, Germany, France, India, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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