Global Online Travel Booking Platform Market 2023-2027

Global Online Travel Booking Platform Market 2023-2027

Technavio has been monitoring the online travel booking platform market and is forecast to grow by $1107.21 bn during 2022-2027, accelerating at a CAGR of 14.85% during the forecast period. Our report on the online travel booking platform market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing internet and smartphone penetration, increasing consolidation of online travel agencies, and differential packaging methods used by vendors.

Technavio's online travel booking platform market is segmented as below:

By PlatformMobile/tabletDesktop/laptopBy TypePackagesDirectBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the increasing adoption of online payment platforms as one of the prime reasons driving the online travel booking platform market growth during the next few years. Also, the expansion of low-cost carriers and dynamic pricing will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the online travel booking platform market covers the following areas:Online travel booking platform market sizingOnline travel booking platform market forecastOnline travel booking platform market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online travel booking platform market vendors that include Airbnb Inc., 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, Trip.com Group Ltd., TripAdvisor LLC, TUI AG, and Yatra Online Inc. Also, the online travel booking platform market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.