Market Overview:
Travelers are becoming less reliant on travel agencies and more independent, travel applications help millions of travelers around the world to book flights, accommodation, and manage traveling plans conveniently. Travel applications are comfortable for planning the entire trips as one can easily plan it sitting at the phone using their smartphones. This travel technology allows the consumer to create itineraries, follow travel guides, etc., it can translate whatever service one wants to deliver into a mobile app.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Google (Alphabet Inc.) (United States), Airbnb, Inc. (United States), Skyscanner Ltd (United Kingdom), AllTrails, LLC (United States), TripAdvisor, Inc. (United States), The Culture Trip Ltd. (United States), Roadtrippers LLC (United States), Hopper (Canada), Splittr (RAPHAEL WICHMANN) (Germany), Concur Technologies, Inc. (Tripit) (United States), Spinlister Inc. (United States) and Komoot (Germany) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of Travel Application Market Study:
Google (Alphabet Inc.) (United States), Airbnb, Inc. (United States), Skyscanner Ltd (United Kingdom), AllTrails, LLC (United States), TripAdvisor, Inc. (United States), The Culture Trip Ltd. (United States), Roadtrippers LLC (United States), Hopper (Canada), Splittr (RAPHAEL WICHMANN) (Germany), Concur Technologies, Inc. (Tripit) (United States), Spinlister Inc. (United States) and Komoot (Germany)
Travel Application Market Segment Analysis
Scope | Sub-Segments |
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Type | Transport Application (Car Booking, Bus Booking, and Others), Airline Application, Accommodation Application, Travel Guide Application and Others |
Platform | Android,IOS,Others |
End User | Families,Students,Business Travelers,Others |
Influencing Trend:
The Advent of Chatbots and Artificial Intelligence Along with Augmented and Virtual Reality in Travel Application
Market Growth Drivers:
Growing Travel and Tourism Industry and Increasing Demand Easy Travel Management from Travelers Across the World
Challenges:
Assuming high-speed network access
Restraints:
Problems Associated with Network Connectivity Might be the Hindrance for Market and Stringent Regulatory Guidelines Involved with Travel and Tourism technology
Opportunities:
Rising Number of Business Travelers will Boost the Demand for Travel Applications and Technological Advancements in Travel Applications
Some of the other players that are also part of study are LoungeBuddy, Inc. (United States), GasBuddy (United States) and Trip.com Group Limited (China).
Latest Industry Highlights:
In September 2022, AllTrails and Tourism West Virginia make it easier than ever for nature lovers to discover more than 1,500 diverse, world-class hiking trails that encompass mountains, rivers, waterfalls, and America's newest national park. We have announced a partnership so you can explore it. , and this fall. This partnership is the first of its kind for the most trusted and used digital guides in the outdoors.
In April 2022, Airbnb acquired HotelTonight, seeking to popularize last-minute and same-day bookings, a part of the travel and leisure segment that the founders felt had been overlooked. The company quickly gained traction as it leaned towards a mobile-first experience. It resonated with a younger, more cost-conscious demographic.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Travel Application market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Travel Application market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Travel Application Developers and Providers, Research and Development Institutes, Travel Agencies, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.