The article cited AMA's "Global Online Travel Services Market Study" explored CAGR of 12.3%. According to the report, Adoption of Secured Payment Portals
is one of the primary growth factors for the market. Increasing Awareness about Online Travel Pre-Bookings
is also expected to contribute significantly to the Online Travel Services market. Overall, applications of Online Travel Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Platform, such as Mobile, is boosting the Online Travel Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Booking Mode, such as Online Travel Agencies, is boosting the Online Travel Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Service, such as Transportation, is boosting the Online Travel Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Online Travel Services market identified that the demand is rising in many different parts of the world as "Proliferation of Social Media Uses
". Furthermore, some recent industry insights like "On October 29th, 2018, online travel agency Travelocity has launched its first augmented reality (AR) experience allowing users to snap travel photos and videos with the brand's popular spokesperson, ‘The Roaming Gnome’. The travel icon appears on-demand in 3D anywhere around the globe thanks to a new AR camera feature available in the Travelocity mobile app. The company is one of the Expedia Group Brands experimenting with new technologies. Earlier in the same month, before the AR feature was launched othe" which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Online Travel Services market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Online Travel Services market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Online Travel Services market size is calculated using market estimation process, the Online Travel Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Online Travel Services market size has been validated using both top-down and bottom-up approaches.