Online Travel Services Market Scope
Online Travel Services offer web portal which enables the consumers from booking tickets, Automated Trip Advising, Trip fares to GPS location tracking. The online travel services generate their revenue through by providing services to other businesses as well as by advertising. Online Travel Services offer consumers’ hotels, airlines, breakfasts, accommodations, cruise lines, and other travel-related service providers. Many players provide complex offerings such as search engine technologies to look for bookings within a certain timeframe, service class, geographic location, or price range and many others.
The market study is segmented and major geographies with country level break-up. According to AMA, the Global Online Travel Services market is expected to see growth rate of 12.3%
Research Analyst at AMA estimates that North American and Asian Players will contribute to the maximum growth of Global Online Travel Services market throughout the predicted period.
Expedia, Inc. (United States), Booking Holdings (United States), TripAdvisor LLC (United States), Ctrip.Com International, Ltd. (China), Hostelworld Group (Ireland), Hotel Urbano Travel (Brasil), South Australian Tourism Commission (Australia), CheapOair.Com (United States), Trivago GmbH (Germany), Thomas Cook Group Plc. (United Kingdom) and MakeMyTrip Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AirGorilla, LLC (United States), Hays Travel limited (United Kingdom), Airbnb, Inc. (United States), Yatra Online Private Limited (India), Alibaba Group (China), Elong, Inc. (China), TUI Group (Germany) and Tuniu Corporation (China).
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 total available market.
AdvanceMarketAnalytics has segmented the market of Global Online Travel Services market by Type, Application and Region.
On the basis of geography, the market of Online Travel Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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).
Market Leaders and their expansionary development strategies
On December 3rd, 2018, Booking Holdings has successfully completed an acquisition of hotel metasearch site HotelsCombined which was founded in 2005 and is based in Sydney, Australia with more than 150 employees. HotelsCombined has a strong business presence in APAC and thousands of active affiliates worldwide, and it will report into Booking Holdings' leading travel metasearch brand, KAYAK.
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
- Adoption of Secured Payment Portals
- Introduction to GPS Enabled Travelling Assistance
- Increasing Awareness about Online Travel Pre-Bookings
- Up Surging Internet Accessibility across the Globe
- Proliferation of Social Media Uses
- Continues Advancements in Online Travelling Services Platforms
- Payment Security Threats in Case of Pre Bookings
- Lack of Internet Connectivity and Advances Vehicles in Underdeveloped Regions
- Sensitive to Consumer Reviews on Online Platforms
- Continuously Changing Consumer Preferences and Travelling Tariffs
Key Target AudienceOnline Travel Services Providers, Online Travel Service Vendors, Travel Agencies, Hotels and Restaurants, Tours and Travels Service Providers, Government Regulatory Bodies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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