Online Travel Booking Services Market Report 2022: Growing Number of Consumers Turning to Online Channels – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The report “Analysis of Online Travel Booking Services Market Size, Share and Trends by Service Type (Vacation Packages, Transportation Booking), Booking Method, Device, Region and Segment Forecast, 2022-2030” has been added to from ResearchAndMarkets.com offer.
The global online travel booking services market size is expected to reach USD 1.13 trillion by 2030, growing at a CAGR of 9.0% from 2022 to 2030. Rising travel spending, increasing number of travelers in recent years due to declining travel costs, rising incomes and an increasing range of tourism activities available across the globe is accelerating the growth of the market.
Additionally, there is an increase in online booking of vacation tours, couples travel and adventure tourism due to the growing popularity of online travel booking over traditional booking services in the around the world, as it offers various services such as reliable transport, personalized service, versatility and the ability to help savings.
The online booking methods segment is expected to grow at the highest CAGR during the forecast period. The ever-changing spending behavior of consumers and an increasing number of visitors and travelers choosing to book their tours and packages directly through online channels is driving the segment.
In addition, significant measures taken by market players, including online campaigns and social media advertising, are expected to attract potential customers and encourage them to book their tour packages through online booking channels, which is expected to accelerate the growth of the sector over the projection period.
The mobile device segment is expected to witness tremendous growth over the forecast years. The growing penetration of internet and smartphones across the globe is a major factor driving the market.
Moreover, the growing popularity of online travel agencies for booking travel among young people across the world is expected to boost the growth of the industry. Moreover, the mobile segment plays a vital role in the growth of the travel booking industry across the globe through easy accessibility and various offers on mobile apps.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive Summary
Chapter 3. Online Travel Booking Service Market Variables, Trends and Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Online Travel Booking Services Market: Service Type Estimates and Trend Analysis
Chapter 6. Online Travel Booking Services Market: Booking Method Estimates and Trend Analysis
Chapter 7. Online Travel Booking Services Market: Device Estimates and Trend Analysis
Chapter 8. Online Travel Booking Services Market: Regional Estimates and Trend Analysis
Chapter 9. Competitive Analysis
Chapter 10. Business Profiles
Trip Advisor Inc.
Trip.com Group Ltd.
Hostelworld Group PLC (HSW)
For more information about this report, visit https://www.researchandmarkets.com/r/ur3xg5