Global Online Accommodation Booking Market Size study & Forecast, Platform (Mobile Application, Website), by Mode of Booking (Third-party online portals, Direct/captive portals) and Regional Analysis, 2022-2029

Global Online Accommodation Booking Market Size study & Forecast, Platform (Mobile Application, Website), by Mode of Booking (Third-party online portals, Direct/captive portals) and Regional Analysis, 2022-2029
Global Online Accommodation Booking Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Online Accommodation Booking is a popular method for booking hotel rooms. It helps travellers to book rooms on a computer by using online platforms and offers security to protect their financial and private information. Also, it helps online travel agents to compare facilities and prices. The Online Accommodation Booking market is expanding because of factors such as the rising growth across the tourism industry and supportive government policies in the forecast period.

Rising tourism activities across the globe is fostering the market growth. According to Statista 2022, the global tourism sector has risen by 20 % in 2021. Also, in 2021, the tourism sector attains a volume of around USD 1.31 trillion and again in 2022, the market value reached to around USD 1.67 trillion. Whereas rising demand for secure accommodation and favorable initiatives by market players create lucrative opportunities for the market. However, incidences of Misuse of Users’ financial data by an untrusted third party hamper the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Online Accommodation Booking Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing population, growing tourist population, and demand for secure accommodation. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as supportive government policies, and favorable activities by market players in the region.

Major market players included in this report are:
Expedia Group Inc.
Booking Holdings Inc.
Trip.com Group Ltd.
Airbnb Inc.
Tripadvisor Inc.
Oravel Stays Pvt Ltd
Traveloka Indonesia PT
HRS GmbH
Hotelbeds Group SL
Hostelworld Group

Recent Developments in the Market:
In January 2021, a Hong Kong-based services and travel activities booking platform Klook Company announced an investment of USD 200 million in order to introduce new business verticals such as accommodation packages and car rentals in its business.
In December 2020, a Singapore-based hotel accommodation booking platform VResort launched its virtual reality technology-based hotel booking platform. It allows customers to browse and book hotels through VR devices.

Global Online Accommodation Booking Market Report Scope:Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Platform, Mode of Booking, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Platform:
Mobile Application,
Website

By Mode of Booking:
Third-party online portals,
Direct/captive portals

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Companies Mentioned

Expedia Group Inc.
Booking Holdings Inc.
Trip.com Group Ltd.
Airbnb Inc.
Tripadvisor Inc.
Oravel Stays Pvt Ltd
Traveloka Indonesia PT
HRS GmbH
Hotelbeds Group SL
Hostelworld Group

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.