Travel Metasearch Engine Market Scope
Rising Internet penetration and smartphone, increasing investment in ads, and changing consumer lifestyle are the factors driving the market growth for the travel metasearch engine. Travel metasearch engine is a platform where the individual can aggregate list of available rooms, Flights, and their respective rates Travel businesses see metasearch as a platform to market their brands and bring direct or sales-qualified leads to their website. Therefore, it also works as an acquisition channel.
|Unit||Value (USD Million)|
|Key Companies Profiled||Google Hotel Ads (United States), Trip Advisor (United States), Hotels Cobined (Australia), Trivago (Germany), Skyscanner (United Kingdom), Kayak (United States), Wego (Singapore), Home to go (Germany), Distribution Technologies (Germany) and Viajala (United States)|
The market for the Travel Metasearch Engine is highly competitive and dominated by few key player such as Google, Trivago, and Trip advisor. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that Germany Players will contribute to the maximum growth of Global Travel Metasearch Engine market throughout the predicted period.
Google Hotel Ads (United States), Trip Advisor (United States), Hotels Cobined (Australia), Trivago (Germany), Skyscanner (United Kingdom), Kayak (United States), Wego (Singapore), Home to go (Germany), Distribution Technologies (Germany) and Viajala (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Go Euro (Germany), Travex (Israel), Hotels Combined (Australia), Momondo (Denmark) and Vervotech (India).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Travel Metasearch Engine market by Type , by Application (Transportation Booking, Hotel Booking and Others) and Region with country level break-up.
On the basis of geography, the market of Travel Metasearch Engine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesOn September 2021, Rate gain Travel technologies a provider of SaaS solution for the travel and hospitality sector announced the acquisition of myhotelshop a Germany based company. The acquisition is aim to strengthen revenue maximisation and global presence. and On February 2022, Wego a Singapore base company provider of metasearch business in hotel and travel industry announced the acquisition of Cleartrip Middle East operation from the Flipkart Group. The acquisition is aim to strengthen and increase the global presence of the company.
On February 2022, Travel Unicorn Hopper selects RateGain for prime access to global hotel supply inventory and pricing intelligence data
Influencing Trend:Technological advancement such as AI and Machine Learning is the key trend driving the market growth and Changing consumer lifestyle
Market Growth Drivers:Rising mobile and smartphone penetration drives the market growth and Increasing internet penetration and 5g infrastructure in emerging economies supports the market growth
Challenges:Lack of skilled workforce restrict the market growth
Restraints:Privacy concern and rising cyber threat attacks hampers the market growth
Opportunities:Increasing investment in ads will create lucrative growth opportunities for the market and Increasing digitalisation in the emerging economies
Key Target AudienceNew Entrants and Investors, Hotels, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others