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new york, May 26, 2023 /PRNewswire/ — Online travel booking platform market size is expected to increase. 1,107.21 billion dollarsAccelerating at a CAGR of 14.85% during the forecast period. The growth of the market is driven by the increasing integration of online travel agencies.
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Online travel booking platform market– Market volatility
Leading Drivers – The increasing integration of online travel agencies, especially the online travel booking platform, is driving the growth of the market. The growth of the travel and tourism market has further intensified the competition in the market and resulted in various mergers and acquisitions. As the number of strategic alliances increases, market penetration increases.
Key Trends – Variable pricing is a key trend influencing the growth of the online travel booking platform market. Vendors use dynamic pricing to get the most out of peak season bookings for specific locations. The use of the dynamic pricing technique supports the growth of the global online travel booking platform market during its construction.
Major Challenges – The threat of offline travel agencies may challenge the market growth of online travel booking platform. Offline travel agencies have a significant share in the global travel industry due to low awareness. These players are preferred by customers who have less knowledge about 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 analyzes drivers, trends and market challenges and highlights key opportunities.!
Online Travel Booking Platform Market – Customer Aspect
To help companies evaluate and develop growth strategies, the report outlines:
Online Travel Booking Platform Market – Vendor Analysis
Some of the leading online travel booking platform market vendors include:
The online travel booking platform market is fragmented, with several international and regional providers. The level of fragmentation will increase rapidly during the forecast period.
Supplier’s Provisions –
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airbnb.co.in- The company offers an online travel booking platform such as airbnb platform for accommodation and hosting.
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air.bookonbluestar.com- The company provides online travel booking platform services like online air ticket booking services.
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bookingholdings.com- The company offers online accommodation bookings on an online travel booking platform like Agoda.
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wbe.travel- The company offers an online travel booking platform as a B2B booking platform.
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edreamsodigeo.com – The company offers an online travel booking platform like eDreams.
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Details about the vendor and its offerings – buy the report!
Online Travel Booking Platform Market – Segmentation Review
The online travel booking platform market is segmented as follows:
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What are the key information covered in this Online Travel Booking Platform Market Report?
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The CAGR of the market during the forecast period
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Detailed information on factors driving the growth of the online travel booking platform market between 2023 and 2027
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An accurate estimation of the online travel booking platform market size and its contribution to the market focused on the parent market
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Accurate predictions about upcoming trends and changes in consumer behavior
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The growth of the online travel booking platform market industry across APAC; North America, Europe, south americaAnd middle east And Africa
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In-depth analysis of the competitive landscape of the market and detailed information about the vendors
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Comprehensive analysis of factors challenging the growth of online travel booking platform market vendors
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Scope of the online travel booking platform market |
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Report coverage |
Details |
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Historical period |
2017-2021 |
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Forecast time |
2023-2027 |
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Growth rate and CAGR |
Accelerate at 14.85% CAGR |
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Market growth 2023-2027 |
1107.21 billion dollars |
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Market structure |
scattered |
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YOY Growth 2022-2023 (%) |
14.26 |
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Regional analysis |
APAC, North America, Europe, South America and the Middle East and Africa |
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Market contribution |
APAC at 38% |
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Key countries |
USA, China, Japan, Germany and UK, Canada, Mexico, Italy, Spain, India, Japan, Australia and South Korea |
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Competitive landscape |
Leading vendors, supplier market position, competitive strategies and industry risks |
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Key companies have been profiled |
Airbnb Inc., Bluestar Air Travel Services I Pvt. Ltd., Bond Holdings Inc., DirectVision SRL, eDreams ODIGEO, Expedia Group Inc., Fareportal Inc., Happyeasygo Group, Hopper Inc., Hostel World Group Pvt. ., Thomas Cook India Ltd., Travelopro, Trip.com Group Ltd., TripAdvisor LLC, TUI AG, and Yatra Online Inc. |
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Market volatility |
Parent market analysis, market growth drivers and restraints, fast growing and slow growing segment analysis, covid-19 impact and recovery analysis and future consumer dynamics, boom period market scenario analysis |
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Customization view |
If our report doesn’t include the data you need, you can contact our analysts and customize sections. |
1 executive summary
2 market landscape
3 market size
4 historical market size
5 Five forces analysis
6 Market segmentation by platform
7 Market segmentation by type
8 Customer landscape
9 Geographical landscape
10 Drivers, challenges and trends
11 landscape of the supplier
12 Vendor analysis
13 Appendix
about us
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