What is Online Travel Sites Market?
The shifting inclination from physical to web bookings and mobile platform is booming the users of online travel site in the market. The online travel site is referred to as a website or mobile app that allows the end-user to book and search all the services such as flights, car rentals, cruises and activities. The mode of booking is can be directly or through a third party but it is confirmed by the service provider, such as a hotel or airline. Moreover, social media platforms have become the major influencer for sharing travelling experience and posting reviews, it helps other customers. These sites are integrated with all modes of transports and accommodation options under a solitary platform.
Highlights from Online Travel Sites Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Tourism SA (Brazil), Cheapoair.Com (United States), Hays Travel Limited (United Kingdom), Yatra Online Private Limited (India), Tuniu Corporation (China), Expedia Inc. (United States), Booking Holdings Inc. (United States), Tripadvisor Inc. (United States), Ctrip.Com International Ltd (China) and Flixmobility Gmbh (Germany) |
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as service uniqueness, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Travel Sites market throughout the forecasted period.
Tourism SA (Brazil), Cheapoair.Com (United States), Hays Travel Limited (United Kingdom), Yatra Online Private Limited (India), Tuniu Corporation (China), Expedia Inc. (United States), Booking Holdings Inc. (United States), Tripadvisor Inc. (United States), Ctrip.Com International Ltd (China) and Flixmobility Gmbh (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Ryanair Dac (Ireland), Thomas Cook Group Plc (United Kingdom), Makemytrip (India) Pvt. Ltd (India), Alibaba Group Holding Limited (China), Airbnb Inc.(United States) and Edreams Odigeo Sa (Luxembourg). Online Travel Sites Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Hospitality, Tourism and Other |
Services | Transportation booking,Accommodation booking,Car rental,Others |
Platforms | Mobile app,Website |
Device Support | Mobile,Laptops,Other |
Mobile app Website | Third-party Online Portals,Direct Portal |
End User | Individual,Group,Other |
On the basis of geography, the market of Online Travel Sites has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Trend of Promoting Online Travel Site Using Social Media Platforms
Market Growth Drivers:
Growing Demand for CRM Solution across Different Industries, Increasing Use of Internet and Credit Card Penetration and Growing Demand for CRM Solution across the World
Challenges:
Lack of Network Connectivity
Restraints:
Payment Processing Issues
Opportunities:
The Increasing Tourism Services and Growing Use of the Internet and Advance Technologies Is Booming the Growth Opportunities in the Market
Market Leaders & Development Strategies
December 2019 TripAdvisor United States based company has acquired SinglePlatform for Growing Their Digital Marketing Suits for restaurants. TripAdvisor Is World’s Largest Travel Platform This Acquisition Of Company Will Help More Than Five Thousand Restaurants Listed On TripAdvisor To Offer Better Guest Experience And More Diners.
In August 2022, National Cheap Flight Day and CheapOair once again show that domestic and international airfares are on a downward trend. According to the analysis of average fares for the last two months, the average cost of domestic flights has fallen by 20% from the peak of the week. International fares were down 16% and peaked in mid-June.