Online Travel Booking Platform Market size to grow by USD 1,107.21 Billion from 2022 to 2027; Growth driven by the rising consolidation of online travel agencies - Technavio

NEW YORK, May 26, 2023 /PRNewswire/ -- The online travel booking platform market size is estimated to increase by USD 1,107.21 Billion, accelerating at a CAGR of 14.85% during the forecast. The growth of the market is driven by the rising consolidation of online travel agencies.

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Online Travel Booking Platform Market– Market dynamics

Leading drivers - The rising consolidation of online travel agencies is notably driving the online travel booking platform market growth. The growth of the travel and tourism market has further intensified the competition in the market, which has led to various mergers and acquisitions. Market penetration will increase with the rise in the number of strategic alliances.

Key trends - Dynamic pricing is a key trend influencing the online travel booking platform market growth. Vendors use the dynamic pricing methodology to gain the maximum advantage of peak season bookings for certain locations. The use of the dynamic pricing technique will support the growth of the global online travel booking platform market during the forecast period.

Major challenges - The threat from offline travel agencies may challenge the online travel booking platform market growth. Offline travel agencies have a significant share of the global travel industry due to low awareness. These players are preferred by customers with low knowledge of the Internet. The presence of offline travel agents may pose a challenge to the growth of the global online travel booking platform market during the forecast period.

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market!

Online Travel Booking Platform Market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Online Travel Booking Platform Market– Vendor analysis

Some of the major online travel booking platform market vendors are:

• BlueStar Air Travel Services I Pvt. Ltd.
• Booking Holdings Inc.
• DirectVision SRL
• eDreams ODIGEO
• Expedia Group Inc.
• Fareportal Inc
• Happyeasygo Group
• Hopper Inc.
• Hostel World Group Plc
• Kiwi.com sro
• Lastminute.com NV
• MakeMyTrip Ltd.
• OneTwoTrip Ltd.
• Thomas Cook India Ltd.
• Travelopro

The online travel booking platform market is fragmented, with the presence of several global as well as regional vendors. The degree of fragmentation will accelerate during the forecast period.

Vendor offerings -

• airbnb.co.in- The company offers online travel booking platform such as air bnb platform for booking accomodations and hosting.
• air.bookonbluestar.com- The company offers online travel booking platform services such as online air ticket booking.
• bookingholdings.com- The company offers online travel booking platform such as Agoda for online accomodation booking.
• wbe.travel- The company offers online travel booking platform such asB2B Booking platform.
• edreamsodigeo.com- The company offers online travel booking platform such as eDreams.
• For Details on the vendor and its offerings – Buy the report!

Online Travel Booking Platform Market - Segmentation assessment

Online travel booking platform market is segmented as below:

• Platform 
• Mobile/tablet
• Desktop/laptop
• Type 
• Packages 
• Direct 
• Region 
• North America 
• The U.S.
• Canada
• Europe 
• U.K.
• Germany
• France
• Rest of Europe
• APAC 
• China
• India
• Middle East & Africa 
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa
• South America 
• Argentina
• Brazil
• Chile

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 Download a Sample Report

What are the key data covered in this Online Travel Booking Platform Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Online Travel Booking Platform Market between 2023 and 2027
• Precise estimation of the size of the Online Travel Booking Platform Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Online Travel Booking Platform Market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Online Travel Booking Platform Market vendors

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Platform
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global online travel booking platform market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global online travel booking platform market 2017 - 2021 ($ billion)

• 4.2 Booking Platform Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Booking Platform Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Platform

• 6.1 Market segments 
• Exhibit 30: Chart on Platform - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Platform - Market share 2022-2027 (%)

• 6.2 Comparison by Platform 
• Exhibit 32: Chart on Comparison by Platform
• Exhibit 33: Data Table on Comparison by Platform

• 6.3 Mobile/tablet - Market size and forecast 2022-2027
• Exhibit 34: Chart on Mobile/tablet - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Mobile/tablet - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Mobile/tablet - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Mobile/tablet - Year-over-year growth 2022-2027 (%)

• 6.4 Desktop/laptop - Market size and forecast 2022-2027
• Exhibit 38: Chart on Desktop/laptop - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Desktop/laptop - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Desktop/laptop - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Desktop/laptop - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Platform 
• Exhibit 42: Market opportunity by Platform ($ billion)
• Exhibit 43: Data Table on Market opportunity by Platform ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Packages - Market size and forecast 2022-2027
• Exhibit 48: Chart on Packages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Data Table on Packages - Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Chart on Packages - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Packages - Year-over-year growth 2022-2027 (%)

• 7.4 Direct - Market size and forecast 2022-2027
• Exhibit 52: Chart on Direct - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Direct - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Direct - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Direct - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 56: Market opportunity by Type ($ billion)
• Exhibit 57: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Airbnb Inc. 
• Exhibit 111: Airbnb Inc. - Overview
• Exhibit 112: Airbnb Inc. - Product / Service
• Exhibit 113: Airbnb Inc. - Key offerings

• 12.4 BlueStar Air Travel Services I Pvt. Ltd.
• Exhibit 114: BlueStar Air Travel Services I Pvt. Ltd. - Overview
• Exhibit 115: BlueStar Air Travel Services I Pvt. Ltd. - Product / Service
• Exhibit 116: BlueStar Air Travel Services I Pvt. Ltd. - Key offerings

• 12.5 Booking Holdings Inc. 
• Exhibit 117: Booking Holdings Inc. - Overview
• Exhibit 118: Booking Holdings Inc. - Business segments
• Exhibit 119: Booking Holdings Inc. - Key offerings
• Exhibit 120: Booking Holdings Inc. - Segment focus

• 12.6 DirectVision SRL 
• Exhibit 121: DirectVision SRL - Overview
• Exhibit 122: DirectVision SRL - Product / Service
• Exhibit 123: DirectVision SRL - Key offerings

• 12.7 eDreams ODIGEO 
• Exhibit 124: eDreams ODIGEO - Overview
• Exhibit 125: eDreams ODIGEO - Business segments
• Exhibit 126: eDreams ODIGEO - Key offerings
• Exhibit 127: eDreams ODIGEO - Segment focus

• 12.8 Expedia Group Inc. 
• Exhibit 128: Expedia Group Inc. - Overview
• Exhibit 129: Expedia Group Inc. - Business segments
• Exhibit 130: Expedia Group Inc. - Key offerings
• Exhibit 131: Expedia Group Inc. - Segment focus

• 12.9 Fareportal Inc 
• Exhibit 132: Fareportal Inc - Overview
• Exhibit 133: Fareportal Inc - Product / Service
• Exhibit 134: Fareportal Inc - Key offerings

• 12.10 Happyeasygo Group 
• Exhibit 135: Happyeasygo Group - Overview
• Exhibit 136: Happyeasygo Group - Product / Service
• Exhibit 137: Happyeasygo Group - Key offerings

• 12.11 Hopper Inc. 
• Exhibit 138: Hopper Inc. - Overview
• Exhibit 139: Hopper Inc. - Product / Service
• Exhibit 140: Hopper Inc. - Key offerings

• 12.12 Hostel World Group Plc 
• Exhibit 141: Hostel World Group Plc - Overview
• Exhibit 142: Hostel World Group Plc - Product / Service
• Exhibit 143: Hostel World Group Plc - Key news
• Exhibit 144: Hostel World Group Plc - Key offerings

• 12.13 Kiwi.com sro 
• Exhibit 145: Kiwi.com sro - Overview
• Exhibit 146: Kiwi.com sro - Product / Service
• Exhibit 147: Kiwi.com sro - Key offerings

• 12.14 Lastminute.com NV 
• Exhibit 148: Lastminute.com NV - Overview
• Exhibit 149: Lastminute.com NV - Product / Service
• Exhibit 150: Lastminute.com NV - Key offerings

• 12.15 MakeMyTrip Ltd. 
• Exhibit 151: MakeMyTrip Ltd. - Overview
• Exhibit 152: MakeMyTrip Ltd. - Business segments
• Exhibit 153: MakeMyTrip Ltd. - Key offerings
• Exhibit 154: MakeMyTrip Ltd. - Segment focus

• 12.16 OneTwoTrip Ltd. 
• Exhibit 155: OneTwoTrip Ltd. - Overview
• Exhibit 156: OneTwoTrip Ltd. - Product / Service
• Exhibit 157: OneTwoTrip Ltd. - Key offerings

• 12.17 Thomas Cook India Ltd. 
• Exhibit 158: Thomas Cook India Ltd. - Overview
• Exhibit 159: Thomas Cook India Ltd. - Business segments
• Exhibit 160: Thomas Cook India Ltd. - Key offerings
• Exhibit 161: Thomas Cook India Ltd. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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