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Worldwide Online Travel Industry to 2026 - Advancements in Various Digital Payments Platform Presents Opportunities

Research and Markets
·7-min read

Dublin, Sept. 24, 2021 (GLOBE NEWSWIRE) -- The "Online Travel Market Research Report by Services Type, by Mode of Booking, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Online Travel Market size was estimated at USD 396.08 Billion in 2020 and expected to reach USD 433.20 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 9.71% to reach USD 690.71 Billion by 2026.

Market Statistics:

The report provides market sizing and forecast across five major currencies - USD, EUR GBP, JPY, and AUD. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2019 are considered historical years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2026 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Online Travel to forecast the revenues and analyze the trends in each of the following sub-markets:

  • Based on Services Type, the Online Travel Market was studied across Accommodation, Transportation, and Vacation Packages.

  • Based on Platform Type, the Online Travel Market was studied across Mobile/Tablets and Personal Computer.

  • Based on Mode of Booking, the Online Travel Market was studied across Direct Agency and Online.

  • Based on Region, the Online Travel Market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, and Thailand. The Europe, Middle East & Africa is further studied across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom.

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Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Online Travel Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Online Travel Market, including Ctrip.com International, Ltd, eDreams Odigeo SA, Expedia Group, Hostelworld Group, Hotel Urbano, MakeMyTrip Limited, Priceline Group Inc., Thomas Cook Group Plc, TripAdvisor LLC., and Trivago N.V..

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Online Travel Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Online Travel Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Online Travel Market?
4. What is the competitive strategic window for opportunities in the Global Online Travel Market?
5. What are the technology trends and regulatory frameworks in the Global Online Travel Market?
6. What is the market share of the leading vendors in the Global Online Travel Market?
7. What modes and strategic moves are considered suitable for entering the Global Online Travel Market?

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview
4.1. Introduction
4.2. Cumulative Impact of COVID-19

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rapid growth of tourism industry
5.1.1.2. Increasing pressures of day-to-day life coupled with increased disposable income
5.1.1.3. Ease of access and booking through online tourism portals
5.1.1.4. Growing internet and credit card penetration
5.1.2. Restraints
5.1.2.1. Non-reliability of offline partners, limited penetration of the services in rural areas, and insufficient technological infrastructure
5.1.3. Opportunities
5.1.3.1. Advancements in various digital payments platform
5.1.3.2. Integration of online and offline facilities
5.1.4. Challenges
5.1.4.1. Cultural barriers and lack of customer willingness
5.2. Porters Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Customers
5.2.4. Bargaining Power of Suppliers
5.2.5. Industry Rivalry

6. Online Travel Market, by Services Type
6.1. Introduction
6.2. Accommodation
6.3. Transportation
6.4. Vacation Packages

7. Online Travel Market, by Platform Type
7.1. Introduction
7.2. Mobile/Tablets
7.3. Personal Computer

8. Online Travel Market, by Mode of Booking
8.1. Introduction
8.2. Direct Agency
8.3. Online

9. Americas Online Travel Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Online Travel Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Thailand

11. Europe, Middle East & Africa Online Travel Market
11.1. Introduction
11.2. France
11.3. Germany
11.4. Italy
11.5. Netherlands
11.6. Qatar
11.7. Russia
11.8. Saudi Arabia
11.9. South Africa
11.10. Spain
11.11. United Arab Emirates
11.12. United Kingdom

12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.1.1. Quadrants
12.1.2. Business Strategy
12.1.3. Product Satisfaction
12.2. Market Ranking Analysis
12.3. Market Share Analysis, By Key Player
12.4. Competitive Scenario
12.4.1. Merger & Acquisition
12.4.2. Agreement, Collaboration, & Partnership
12.4.3. New Product Launch & Enhancement
12.4.4. Investment & Funding
12.4.5. Award, Recognition, & Expansion

13. Company Usability Profiles
13.1. Ctrip.com International, Ltd
13.2. eDreams Odigeo SA
13.3. Expedia Group
13.4. Hostelworld Group
13.5. Hotel Urbano
13.6. MakeMyTrip Limited
13.7. Priceline Group Inc.
13.8. Thomas Cook Group Plc
13.9. TripAdvisor LLC.
13.10. Trivago N.V.

14. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ww0aev

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900