NEW YORK, Feb. 25, 2022 /PRNewswire/ -- The Online Travel Booking Platform Market is set to grow by USD 204.81 bn from 2021 to 2026, according to Technavio. The market's growth momentum will accelerate at a CAGR of 4.91%.

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Key Online Travel Booking Platform Report Highlights:

1. Market growth 2021-2026: USD 204.81 billion
2. Growth momentum & CAGR: Accelerate at a CAGR of 4.91%
3. YoY growth (%): -35.08%
4. Performing market contribution: APAC at 34%
5. Key consumer countries: US, China, UK, Germany, France, India, and Japan

Regional Market Analysis

During the projection period, APAC will account for 34% of the market's growth. In APAC, China, India, and Japan are the most important markets for internet travel booking systems. The market in APAC will increase at a quicker rate than the industry in other regions.

Over the forecast period, the significant increase in internet and smartphone penetration in countries such as China and India would aid the expansion of the online travel booking platform market in APAC.

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Online Travel Booking Platform 2022-2026: Vendor Analysis and Scope

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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, TUI AG are some of the major market participants.

The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.

For instance:

• Hostelworld.com Ltd. offers various online travel bookings such as rental homes, restaurants, and experiences.
• Booking Holdings Inc. offers  online travel and related services through its various subsidiaries such as pricline.com, booking.com, KAYAK, Agoda, rentalcars.com, and OpenTable.
• Expedia Group Inc. offers online booking services for flights, vacation packages, hotels, rail, rental cars, cruises through platforms such as Vrbo, Travelocity, trivago, Orbitz, and Egencia.

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Key Market Drivers

Our analysts have extensively outlined the information on the key market drivers and their impact on the Online Travel Booking Platform.

• Increasing internet and smartphone penetration:
• • The increased use of the internet through mobile phones has accelerated the expansion of the worldwide online travel booking platform industry, thanks to the availability of low-cost smartphones and free internet access. For example, due to the growing number of smartphone users and the availability of low-cost, high-speed internet connections, nations like India and China are seeing huge increases in internet penetration. During the projection period, factors such as smartphone manufacturers' desire to expand their operations in undeveloped or developing countries will fuel the market's growth.

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The report also covers the following areas:

• Online Travel Booking Platform Market size
• Online Travel Booking Platform Market trends
• Online Travel Booking Platform Market industry analysis

Online Travel Booking Platform Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist online travel booking platform market growth during the next five years
• Estimation of the online travel booking platform market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the online travel booking platform market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of online travel booking platform market vendors

To get more insight into key market highlights, Speak to Our Analyst Now.

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Table of Contents

Executive 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

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

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 - Market size and forecast 2021-2026
• Market opportunity by Booking platform

Customer landscape

• 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
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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
• TUI AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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