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 San Diego 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 San Diego Sun.
More InformationPALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...
SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...
SAN FRANCISCO, California: Grammarly is doubling down on AI-powered productivity tools with the acquisition of Superhuman, a sleek...
MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...