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Home›Travel booking›Online travel booking platform market: 36% of growth will come from APAC

Online travel booking platform market: 36% of growth will come from APAC

By Meg P. Sousa
June 1, 2022
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The Online travel booking platform market share should increase by $943.60 billion from 2021 to 2026with an acceleration CAGR of 14.64%- according to recent Technavio market research.

  • One of the key factors driving the growth of the global online travel booking platform market is the increasing internet and smartphone penetration due to rapid technological advancements.
  • The increasing adoption of online payment platforms is another factor supporting the growth of the online travel booking platform market share.
  • One of the major factors hampering the growth of the global online travel booking platform market is the disruptions in travel demand due to various issues such as airline prices, hotel prices and natural disasters.
  • APAC will register the highest growth rate of 36% among other regions. Hence, the online travel booking platform market in APAC region is expected to generate significant business opportunities for the vendors over the forecast period.
  • The Online travel booking platform market is supposed to have Positive impact despite the spread of COVID-19 virus. In the short term, the market demand will show higher growth.
  • As the the business impact of COVID-19 is diminishing, the online travel booking platform market is expected to have Positive and superior growth.
  • Online Travel Booking Platform market vendors are expected to focus on seizing business opportunities in the package segment because he represented the greater market share in the base year.

Buy our report: for more additional insights on Online Travel Booking Platform Market

Report scope

Online Travel Booking Platform Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 14.64%

Market Growth 2022-2026

$943.60 billion

Market structure

Fragmented

Annual growth (%)

1:45 p.m.

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

APAC at 36%

Main consumer countries

United States, China, United Kingdom, Germany, France, India and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Airbnb Inc., Booking Holdings Inc., eDreams ODIGEO, Expedia Group Inc., Hostelworld.com Ltd., MakeMyTrip Ltd., Thomas Cook (India) Ltd., Trip.com Group Ltd., TripAdvisor LLC and TUI AG

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Customization overview

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Package booking holds the largest market share

  • The growth of the online travel booking platform market share by the package segment will be significant during the forecast period.
  • Market vendors, such as Expedia Group, Ctrip.com International, TripAdvisor and MakeMyTrip, are increasingly competing to provide such packages at a higher price Convenient cost and discounts for various domestic and international locations.
  • Families and seniors prefer the packages because they include all the necessary complements, and the whole trip is taken care of by the tour operators, which will further boost the growth of this segment.

Buy the report now to get more insights into the market contribution of different segments

APAC is expected to hold a significant share of the market

  • 36% of the market growth will come from APAC during the forecast period. China, Indiaand Japan are the main markets for online travel booking platforms in APAC.
  • Market growth in APAC will be faster than growth market in other regions.
  • The significant increase in internet and smartphone penetration in countries such as China and India will facilitate the market for online travel booking platforms growth in Asia-Pacific over the forecast period.

Quick buy for more key highlights on the regional market share of most of the countries mentioned above.

Overview of Suppliers-

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Airbnb inc.
  • Reservation Holdings Inc.
  • eDreams ODIGEO
  • Expedia Group Inc.
  • Hostelworld.com Ltd.
  • MakeMyTrip Ltd.
  • Thomas Cook India Ltd.
  • Trip.com Group Ltd.
  • TripAdvisor LLC
  • TUI SA

The market for online travel booking platforms is fragmented and publishers deploy growth strategies such as the introduction of low budget plans to compete in the market.

Buy our report to find additional highlights on vendors and their product offerings.

RECENT DEVELOPMENTS

  • Airbnb Inc.- The company offers various online travel reservations such as rental houses, restaurants and experiences.
  • Booking Holdings Inc.- The Company offers online travel and related services through its various subsidiaries such as pricline.com, booking.com, KAYAK, Agoda, Rentalcars.com and OpenTable.
  • eDreams ODIGEO- The company offers tailor-made and personalized travel plans under its brands such as eDreams, Opodo, GO Voyages, Travellink and Liligo.

Download our sample report to know more about the recent developments in the online travel booking platform market

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Indonesia Retail Market by Product and Distribution Channel – Forecast and Analysis 2022-2026: The expected growth in retail market share in Indonesia from 2021 to 2026 is USD 44.13 billion at a progressive CAGR of 4.6%. For more exclusive research information: Download sample report

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Contents

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market Outlook: Forecast for 2021 – 2026

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by type

  • Market segments
  • Comparison by type
  • Packages – Market size and forecast 2021-2026
  • Direct – Market size and forecast 2021-2026
  • Market Opportunity by Type

Market segmentation by booking platform

  • Market segments
  • Comparison by booking platform
  • Mobile/tablet – Market size and forecast 2021-2026
  • Desktop/Laptop Computer – Market size and forecast 2021-2026
  • Market opportunity by booking platform

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC – Market size and forecast 2021-2026
  • North America – Market size and forecast 2021-2026
  • Europe – Market size and forecast 2021-2026
  • South America – Market size and forecast 2021-2026
  • MEA – Market size and forecast 2021-2026
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Insight
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Airbnb inc.
  • Reservation Holdings Inc.
  • eDreams ODIGEO
  • Expedia Group Inc.
  • Hostelworld.com Ltd.
  • MakeMyTrip Ltd.
  • Thomas Cook India Ltd.
  • Trip.com Group Ltd.
  • TripAdvisor LLC
  • TUI-AG

Annex

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

About Us
Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 industry analysts, Technavio’s library of reports Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. Technavio’s exploitable market to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

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