eTravel Market Size to Grow USD 3096860 Million by 2030 at a CAGR of 8.2% | Valuates Reports

News provided by

Sep 18, 2024, 10:05 ET

BANGALORE, India, Sept. 18, 2024 /PRNewswire/ -- eTravel Market is Segmented by Type (Plane Tickets, Hotel Bookings, Train Tickets, Tours, Other), by Application (Domestic, International): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global eTravel market was valued at USD 1860000 million in 2023 and is anticipated to reach USD 3096860 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.

Claim Your Free Sample Now: https://reports.valuates.com/request/sample/QYRE-Auto-20Q9290/Global_eTravel_Market_Research_Report_2022

Major Factors Driving the Growth of eTravel Market:

The eTravel market is experiencing rapid growth, driven by the increasing adoption of digital platforms for booking flights, hotels, and travel experiences. Consumers are drawn to the convenience, competitive pricing, and ease of comparison that online travel services provide. Mobile apps and websites that offer real-time availability, personalized recommendations, and exclusive deals have further enhanced the user experience. Additionally, rising disposable incomes, particularly in emerging markets, and the growing preference for personalized and domestic travel are fueling demand. As digitalization continues to reshape the travel industry, the eTravel market is set to expand globally.

Unlock Insights: View Full Report Now! https://reports.valuates.com/market-reports/QYRE-Auto-20Q9290/global-etravel

TRENDS INFLUENCING THE GROWTH OF THE ETRAVEL MARKET

The increasing popularity of online plane ticket bookings has emerged as a major catalyst for the expansion of the eTravel market. Digital platforms that offer competitive pricing, convenience, and easy flight comparisons have simplified the booking process for consumers. Additionally, the widespread adoption of mobile apps for trip planning and ticket purchasing is contributing to market growth. Airlines are also teaming up with online travel agencies (OTAs) to offer exclusive deals, enhancing customer experience and loyalty. As more travelers turn to digital channels for flight bookings, the demand for online travel services continues to rise.

Hotel bookings are also a key factor driving the eTravel market's growth. Consumers are increasingly using online platforms to search for accommodations, drawn by features like real-time availability, customer reviews, and price comparisons. The trend towards personalized experiences, where users receive tailored hotel recommendations, is further fueling this shift. OTAs and hotel partnerships offering special deals have made booking accommodations online more convenient, contributing to the market's expansion.

Domestic travel is another significant driver of the eTravel market, as more consumers look to explore local destinations. In the aftermath of the COVID-19 pandemic, many travelers have shifted their focus to domestic tourism, which has boosted demand for online booking platforms. Governments promoting local travel and relaxing restrictions have encouraged this trend, while eTravel platforms providing customized packages and local experiences have seen an increase in usage. The broader shift towards digitalization within the travel industry has transformed how consumers plan their trips. Online platforms and mobile apps offer ease of booking, comparisons, reviews, and real-time updates, streamlining the entire process. As a result, more travelers are embracing digital services, which continues to propel the eTravel market forward.

The expanding middle-class population, particularly in emerging economies, is also playing a crucial role in the market's growth. As disposable incomes rise, more people can afford to travel, and tech-savvy consumers in regions such as China, India, and Brazil are increasingly using online platforms to plan and book their trips. This demographic shift is expected to further fuel market growth in the coming years.

Finally, there is a growing demand for personalized travel experiences, which is boosting the eTravel sector. Online platforms are leveraging data analytics and artificial intelligence to create customized travel packages, recommendations, and itineraries based on individual preferences. This trend, particularly popular among younger travelers, is enhancing customer satisfaction and contributing to the continued expansion of the eTravel market.

Own It Today – Buy Now! https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-20Q9290&lic=single-user

ETRAVEL MARKET SHARE ANALYSIS

The eTravel market demonstrates regional disparities, with North America, Europe, and Asia-Pacific leading the way. North America dominates due to its high internet penetration and well-established travel infrastructure. Europe follows closely, driven by a focus on sustainable tourism and personalized experiences. Asia-Pacific, especially countries like China and India, is experiencing rapid growth fueled by increasing disposable incomes, greater internet access, and a burgeoning middle class. As digital platforms continue to expand in these regions, the eTravel market is poised for further growth.

Key Players:

Expedia Group
Booking Holdings
American Express Global Business Travel
Travel Leaders Group
JTB Corporation
Frosch
AndBeyond
Intrepid Travel
Travelopia
Qunar
Etraveli Group
Trip.com Group Ltd

Purchase Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-20Q9290/Global_eTravel_Market_Research_Report_2022

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

- Travel Service Software Market

- Travel Expense Tool Market

- The global medical tourism market size accounted for USD 104.68 Billion in 2019, and is projected to reach USD 273.72 Billion by 2027, registering a CAGR of 12.8% from 2019 to 2027 in terms of value.

- The global Leisure Travel Services market was valued at USD 87490 million in 2023 and is anticipated to reach USD 148670 million by 2030, witnessing a CAGR of 7.6% during the forecast period 2024-2030.

- The global Duffle Travel Bag market was valued at USD 3574 million in 2023 and is anticipated to reach USD 5056.8 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

- The traditional travel agency market was valued at USD 143.9 billion in 2022, and is estimated to reach USD 212.9 billion by 2032, growing at a CAGR of 3.7% from 2023 to 2032.

DISCOVER OUR VISION: VISIT ABOUT US!

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

YOUR FEEDBACK MATTERS: REACH OUT TO US!

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Facebook: https://www.facebook.com/valuatesreports/
YouTube: https://www.youtube.com/@valuatesreports6753
https://www.facebook.com/valuateskorean
https://www.facebook.com/valuatesspanish
https://www.facebook.com/valuatesjapanese
https://valuatesreportspanish.blogspot.com/
https://valuateskorean.blogspot.com/
https://valuatesgerman.blogspot.com/
市場分析