The global Online Travel Market, which is extensively assessed in the report contemplates the best need development angles and how they could affect the market over the figure residency under thought. The experts have taken careful endeavors to thoroughly evaluating every development factor of the Online Travel Market, other than indicating how certain market restrictions could represent a danger to players in the coming years. In addition, the report additionally gives data on top patterns and openings and how players could take advantage of them to take up the difficulties in the market.
Growth in digital platforms drives online travel and tourism industry globally. Hotel industry is playing the significant role for the growth of this market place. Most of hotelier’s adopt digital platforms to utilize digital boom as internet penetration is steadily growing worldwide. Online travel Agencies such as Expedia, Booking Holdings formerly known as Priceline, Ctrip etc. are other important group of actors for the global online travel market as they offers services like marketing, information sharing, and transactions that benefit both providers and consumers of accommodation. According to the market research report released by Renub Research Online Travel Market is expected to be USD 1.2 Trillion by the end of year 2024.
Asia Pacific is expected to drive global online travel hotel booking market as online penetration in tourism and hotel segments are drastically growing. China, India and Australia are major contributors in Asia pacific online travel market. It is predicted that mobile online travel booking market will overtake PC travel bookings in coming years as mobile penetration increased globally which offers travel booking facilities from anywhere, anytime.
Hotel Market has been segmented into:
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Total booking market (United States, Europe, Asia Pacific, Latin America, Middle East)
Online Penetration of the Total Travel Booking Market (United States, Europe, Asia Pacific, Latin America, Middle East)
Online Travel Market (United States, Europe, Asia Pacific, Latin America, Middle East)
Offline Travel Booking Market(United States, Europe, Asia Pacific, Latin America, Middle East)
Total Hotel Booking Market (United States, Europe, Asia Pacific, Latin America, Middle East)
Online Hotel Booking Penetration (United States, Europe, Asia Pacific, Latin America, Middle East)
Online Hotel Market (United States, Europe, Asia Pacific, Latin America, Middle East)
Offline Booking Market (United States, Europe, Asia Pacific, Latin America, Middle East)
Key Company Covered in this Reports
Following Points Covered in Each Company
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