The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Online Travel Booking Service Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Online Travel Booking Service Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, Online Travel Booking Service Market size is estimated to grow at a CAGR of around 11.70% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in Online Travel Booking Service Market Segmentation?

The report has segmented the market into the following categories:

By Type

• Vacation Package- Market Size & Forecast 2019-2030F, USD Million
• Transportation- Market Size & Forecast 2019-2030F, USD Million
  • Airline- Market Size & Forecast 2019-2030F, USD Million
  • Trains- Market Size & Forecast 2019-2030F, USD Million
  • Buses- Market Size & Forecast 2019-2030F, USD Million
  • Cabs- Market Size & Forecast 2019-2030F, USD Million
• Accommodation- Market Size & Forecast 2019-2030F, USD Million
  • Hotel- Market Size & Forecast 2019-2030F, USD Million
  • Hostel & Resorts- Market Size & Forecast 2019-2030F, USD Million
  • Vacation Rentals- Market Size & Forecast 2019-2030F, USD Million
  • Others (Camping & Recreation Vehicle, Timeshare Rentals, etc.) - Market Size & Forecast 2019-2030F, USD Million
• Others (Travel Insurance Booking, Event & Attraction Booking, etc.) - Market Size & Forecast 2019-2030F, USD Million

By Booking Method

• Direct Online Booking- Market Size & Forecast 2019-2030F, USD Million
• Online Travel Agencies (OTAs)- Market Size & Forecast 2019-2030F, USD Million

Direct online booking has gained a significant share in the Online Travel Booking Service Market due to higher price transparency and flexible booking policies. Direct Online booking offers prior arrangements of airline tickets & accommodation without any requirement for the middle men, enabling travelers to book them at precise rates. Moreover, direct booking facilitates direct communication between the tourists and the travel provider. So, in case of modifications, special requirements, or reservation-related problems, the individuals directly converse with the travel provider for personalized support, hence, the chances of miscommunication due to the absence of travel agents are relatively lower.

By Platform

• Third Party Online Portals- Market Size & Forecast 2019-2030F, USD Million
  • Mobile Application- Market Size & Forecast 2019-2030F, USD Million
  • Websites - Market Size & Forecast 2019-2030F, USD Million
• Direct Portals- Market Size & Forecast 2019-2030F, USD Million
  • Mobile Application- Market Size & Forecast 2019-2030F, USD Million
  • Websites - Market Size & Forecast 2019-2030F, USD Million

By End Users

• Leisure Travelers- Market Size & Forecast 2019-2030F, USD Million
• Business Travelers- Market Size & Forecast 2019-2030F, USD Million
• Medical and Wellness Travelers- Market Size & Forecast 2019-2030F, USD Million

Leisure travelers witnessed significant growth in the Online Travel Booking Service Market during historical years due to the increase in the net disposable income of individuals & the changing consumer preference towards travel with friends & family. Leisure travelling is emerging as a popular trend among the millennials & genZ population since travelling is considered as therapeutic & refreshing for individuals. Consumers nowadays travel with their families to spend quality time with them.

By Age Group

• Generation Z (Age 18-24) - Market Size & Forecast 2019-2030F, USD Million
• Millennials (Ages 25-40) - Market Size & Forecast 2019-2030F, USD Million
• Generation X (Ages 41-56) - Market Size & Forecast 2019-2030F, USD Million
• Baby Boomers (Ages 57-75) - Market Size & Forecast 2019-2030F, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

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Key Factor Driver Online Travel Booking Service Industry Growth by 2030

Surging Demand for Online Travel Booking Services Amidst Global Travel Relaxations – Over the years, tourism in countries like the UAE, Italy, and others has significantly increased due to a surge in the net disposable income of individuals, flexible visa policies, government-led initiatives to boost tourism, and others. Individuals residing in countries like the UAE, Saudi Arabia, etc., experienced a rise in their net disposable income during past years. With an upswing in net disposable income, individuals allocated their financial resources to leisure pursuits like travel, thereby driving tourism.

Who are the Key Players Operating in the Online Travel Booking Service Industry?

The top companies of the Online Travel Booking Service market ruling the industry are: 

• Airbnb Inc.
• Expedia Inc.
• Booking Holdings Inc.
• Trip Advisor LLC
• Trip.com Travel Singapore Pte. Ltd.
• Makemytrip Pvt Ltd.
• Hostelworld.com Limited
• Trivago N.V.
• Despegar.com, Corp.
• Lastminute.com NV
• Traveloka
• CorporateFlights.com
• Cleartrip Pvt. Ltd.
• Thomas Cook Ltd.
• KoreaTravelEasy Inc.
• Others (Yatra Online Limited, Fareportal, etc.)

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Online Travel Booking Service Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Online Travel Booking Service industry?
5. Which is the Leading segment in the market?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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