Online Travel Booking Platform Market: 36% of Growth to Originate from APAC | Global Market Trajectory & Analytics

The Online Travel Booking Platform Market Share is expected to increase by USD 943.60 billion from 2021 to 2026, with an accelerated CAGR of 14.64%- according to the recent market study by Technavio.

• One of the key factors driving the global online travel booking platform market growth is the increasing internet and smartphone penetration due to the rapid technological advances. 
• The increasing adoption of online payment platforms is another factor supporting the online travel booking platform market share growth.
• One of the key factors impeding the global online travel booking platform market growth is the disruptions in travel demand due to various issues such as airline pricing, hotel pricing, and natural calamities. 
• APAC will register the highest growth rate of 36% among the other regions. Therefore, the online travel booking platform market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
• The Online Travel Booking Platform market is expected to have Positive impact despite the spread of COVID-19 virus. In the short term, the market demand will show Superior growth.
• As the business impact of COVID-19 is reducing, the Online Travel Booking Platform market is expected to have Positive & Superior growth.
• The online travel booking platform market vendors should focus on grabbing business opportunities from the packages segment as it accounted for the largest market share in the base year.

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Scope of the Report

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Packages Booking Held the Largest Market Share

• The online travel booking platform market share growth by the packages segment will be significant during the forecast period. 
• Vendors in the market, such as Expedia Group, Ctrip.com International, TripAdvisor, and MakeMyTrip, are increasingly competing to provide such packages at a more convenient cost and discounts for various domestic and international locations.
• Families and older people prefer packages as they include all the necessary add-ons, and the entire trip is taken care of by the tour operators, which will further drive the growth in this segment.

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APAC is Expected to Hold a Significant Share of the Market

• 36% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for online travel booking platforms in APAC.
• Market growth in APAC will be faster than the growth of the market in other regions.
• The significant increase in internet and smartphone penetration across countries such as China and India will facilitate the online travel booking platform market growth in APAC over the forecast period.

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Vendor Insights-

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• 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

The online travel booking platform market is fragmented and the vendors are deploying growth strategies such as introducing low-budget plans to compete in the market.

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Recent Developments

• Airbnb Inc.- The company offers various online travel bookings such as rental homes, 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 tailored and custom travel plans under its brands such as eDreams, Opodo, GO Voyages, Travellink, and Liligo.

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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 focuses 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 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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Website: www.technavio.com/

SOURCE Technavio