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Dublin, September 22, 2022 /PRNewswire/ – “Online Travel Booking Services Market Size, Share and Trends Analysis Report by Service Type (Vacation Packages, Transportation Booking), Booking Method, Device, Region and Segment Forecasts, 2022-2030” report added ResearchAndMarkets.com’s Providing.
The size of the global online travel booking service market is expected to reach 1.13 trillion dollars It is expanding at a CAGR of 9.0% in 2030 from 2022 to 2030. Travel Spending on the Rise In recent years, travel-related spending has led to an increase in the number of travelers, rising incomes and growing tourist activity worldwide. They are accelerating the growth of the market.
Moreover, online travel bookings for online vacation tours, couples travel and adventure tourism are increasing in popularity over traditional booking services all over the world due to their ability to provide various services such as reliable transportation, personalized service, versatility and economies of scale.
The online booking system segment is expected to expand at the highest CAGR during the forecast period. Constantly changing consumer spending behavior and increasing number of visitors and travelers prefer to book their tours and packages directly through online channels is driving the segment.
Additionally, significant measures taken by market participants including online campaigns and social media advertisements are expected to attract customers and book tour packages through online booking channels, which is expected to accelerate the growth of the industry during the forecast period.
The mobile device segment is observed to witness significant growth during the forecast years. The increasing penetration of internet and smartphones across the globe is a major factor driving the market.
Moreover, increasing popularity of online travel agencies for travel booking among the youth worldwide is expected to boost industry growth. In addition, due to the easy accessibility and variety of offers on mobile applications, the mobile segment plays a vital role in the growth of the travel booking industry worldwide.
Key topics covered:
Chapter 1. Method and scope
Chapter 2. Executive summary
Chapter 3. Online Travel Booking Services Market Dynamics, Trends and Scope
Chapter 4. Consumer behavior analysis
Chapter 5. Online Travel Booking Services Market: Service Type Estimates and Trend Analysis
Chapter 6. Online Travel Booking Services Market: Booking Methodology Estimates and Trend Analysis
Chapter 7. Online Travel Booking Services Market: Device Estimates and Trend Analysis
Chapter 8. Online Travel Booking Services Market: Regional Estimates and Trend Analysis
Chapter 9. Competitive Analysis
Chapter 10. Company Profiles
Companies are mentioned
For more information about this report, visit https://www.researchandmarkets.com/r/wcgbcc
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