Market Snapshot:
Online Hotel Booking is also called hotel online hotel reservations. It is the popular technique for booking hotel apartment. It is process of reserve accommodation on online sites through mobile or desktop. There are two methods used for hotel booking such as book rooms on a computer as well as book room using several online travel agents to compare prices and facilities at different hotels. There are various services included in online hotel booking service such as hotel accommodation, travel accommodation, vacation packages and others. Rising Use of social media sites will help to boost global online hotel booking market.
Highlights from Online Hotel Booking Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Airbnb, Inc. (United States), Booking.com Ltd (United Kingdom), Choice Hotels AS (United States), Agoda Company Pte. Ltd. (Singapore), Ctrip.com International, Ltd. (China), Expedia Group, Inc. (United States), Hilton Worldwide Holdings Inc. (United States), Hotels.com (United States), ibibo Group Private Ltd. (India) and InterContinental Hotels Group PLC (United Kingdom). Additionally, other players that are part of this comprehensive study are MakeMyTrip Ltd (India), Marriott International Inc. (United States), Qunar.com Inc. (China), Traveloka Holding Ltd. (Singapore), TripAdvisor, Inc. (United States), Trivago N.V. (Germany), Tuniu Corporation (China) and Wyndham Hotel Group, LLC (United States).
Geographic Breakdown and Segment Analysis
The Global Online Hotel Booking market presents a comprehensive analysis of the Online Hotel Booking market by end-user/application (Household and Commercial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Online Hotel Booking industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Online Hotel Booking market, the Europe has emerged as a crucial market for several Online Hotel Booking brands.
Analyst at AMA have segmented the market study of Global Online Hotel Booking market by Type, Application and Region.
Influencing Trend:
Growing Dependency due to Business Meetings and Attractive Marketing and Promotional Strategies
Market Growth Drivers:
Increase Customers’ Faith in Online Payment and Emerging Internet Penetrations
Challenges:
Trustworthiness on Online Hotel Booking
Restraints:
Rising Incidences of failed Transactions, Need of Proper Internet Access and Increasing Concern about Data Security
Opportunities:
Increasing Disposable Income and Technical Advancement in Online Booking Mobile Apps
Market Developments Activities:
In August 2018, Booking Holdings has acquired Australia-based metasearch company HotelsCombined. The deal was established for 140 million dollar.
In February 2018, Airbnb has launched its global hotel technology partnership with SiteMinder, the leading cloud platform for hotels to attract and book guests across the globe.
Competition among existing players is due to the Ischemic stroke market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Ischemic stroke Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.
Key Target Audience
Online Hotel Booking Services Provider, Online Hotel Booking Industry Association, Government regulatory bodies, Government and Private Research Organization and Others