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Using Technology, Online Travel Market Can Revolutionize the Businesses across the Globe

The online travel market is driven by quick and convenient flight and hotel bookings, the rise in customers’ trust in online payment, and ability to compare various available travel options. Nowadays, market players are extensively offering travel services through mobile websites and apps, as it is one of the most preferred mediums of travel bookings, particularly among young professionals.

Online Travel
Online Travel

This market studies report on the Global Online Travel Market is an all-inclusive study of the enterprise sectors up to date outlines, industry enhancement drivers, and manacles. It offers marketplace projections for the approaching years. It incorporates an analysis of overdue augmentations in innovation, Porter’s 5 forces model analysis and revolutionary profiles of hand-picked industry competitors.

 

Online travel services have gained popularity among travelers as it enables them to avail a number of services such as booking flight tickets, hotels, holiday packages, and car rentals using their phone or computer anytime and anywhere. Online travel services can be availed either through online travel agencies (OTAs) or direct travel suppliers. According to market analysis, online travel bookings witnessed a growth of nearly 12.1% in 2015 and the rate has been growing steadily.

The Top Key Players mentioned in this report: Expedia, Inc., Priceline Group Inc., TripAdvisor LLC, Ctrip.com International, Ltd., Hostelworld Group, Hotel Urbano Travel

Dynamics and the way they impact the global Online Travel market have been studied in absolute precise details in the report. The ultimate goal for the dissemination of this information is to create a detailed descriptive analysis of how these trends could potentially affect the future of the global Online Travel market within the report’s forecast period.

Online travel services offer convenient usage of debit & credit cards and a platform to compare prices, features, and services of online travel products, which has led to the escalation in the adoption of these services. Moreover, customers tend to rely on websites review to avail the best online travel deals. Hectic lifestyle, rise in disposable income, and increased spending power have encouraged people to plan holiday trips at frequent intervals, thus, driving the online travel market growth.

MARKET SEGMENTATION:

The market is segmented on the basis of mode of booking, types of platform, and service types, age group, and geography.

BY MODE OF BOOKING

  • Online Travel Agencies
  • Direct Travel Suppliers

BY TYPES OF PLATFORM

  • Mobile
  • Desktop

BY SERVICE TYPES

  • Transportation
  • Travel Accommodation
  • Vacation Packages

BY AGE GROUP

  • 22‐31
  • 32‐43
  • 44‐56
  • >56

 

The studies study similarly covers the competitive landscape of the Online Travel market across the globe and provide a list of all of the leading gamers working in the marketplace. The employer profiles, product portfolio, business strategies, financial evaluate, SWOT evaluation, and current traits of the prominent players have been highlighted in the research document.

Table of Content

CHAPTER 1 INTRODUCTION

1.1. Report description

1.2. Key benefits

1.3. Key market segments

1.4. Research methodology

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools and models

 

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXperspective

 

CHAPTER 3 MARKET OVERVIEW

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.2.3. Top winning strategies

3.3. Value chain analysis

3.4. Porters five force analysis

3.4.1. Bargaining power of suppliers

3.4.2. Bargaining power of buyers

3.4.3. Threat of new entrants

3.4.4. Competitive rivalry

3.4.5. Threat of substitutes

3.5. Market positioning, 2015

3.6. Market dynamics

3.6.1. Drivers

3.6.1.1. Rise of social media

3.6.1.2. Secured online payment mechanism

3.6.1.3. Growing middle and upper middle class

3.6.2. Restraints

3.6.2.1. Varying socio-economic conditions

3.6.3. Opportunities

3.6.3.1. Proliferation of mobile usage and innovative mobile travel apps

 

CHAPTER 4 GLOBAL ONLINE TRAVEL MARKET, BY MODE OF BOOKING

4.1. Overview

4.1.1. Market size and forecast

4.2. Online travel agents (OTA)

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. Direct travel suppliers

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

 

CHAPTER 5 GLOBAL ONLINE TRAVEL MARKET, BY TYPES OF PLATFORM

5.1. Overview

5.1.1. Market size and forecast

5.2. Mobile

5.2.1. Key market trends

5.2.2. Growth factors and opportunities

5.2.3. Market size and forecast

5.3. Desktop

5.3.1. Key market trends

5.3.2. Growth factors and opportunities

5.3.3. Market size and forecast

 

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