Global Online Hotel Booking Market Overview:
Online Hotel Booking is also called hotel online hotel reservations. It is the popular technique for booking hotel apartment. It is process of reserve accommodation on online sites through mobile or desktop. There are two methods used for hotel booking such as book rooms on a computer as well as book room using several online travel agents to compare prices and facilities at different hotels. There are various services included in online hotel booking service such as hotel accommodation, travel accommodation, vacation packages and others. Rising Use of social media sites will help to boost global online hotel booking market. Some of the players profiled in the study are Airbnb, Inc. (United States), Booking.com Ltd (United Kingdom), Choice Hotels AS (United States), Agoda Company Pte. Ltd. (Singapore), Ctrip.com International, Ltd. (China), Expedia Group, Inc. (United States), Hilton Worldwide Holdings Inc. (United States), Hotels.com (United States), ibibo Group Private Ltd. (India) and InterContinental Hotels Group PLC (United Kingdom).
On the basis of geography, the market of Online Hotel Booking 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Platforms, the sub-segment i.e. Mobile will boost the Online Hotel Booking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. 22-31 will boost the Online Hotel Booking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Hotel Accommodation will boost the Online Hotel Booking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increase Customers’ Faith in Online Payment
- Emerging Internet Penetrations
- Growing Dependency due to Business Meetings
- Attractive Marketing and Promotional Strategies
- Rising Incidences of failed Transactions
- Need of Proper Internet Access
- Increasing Concern about Data Security
- Increasing Disposable Income
- Technical Advancement in Online Booking Mobile Apps
- Trustworthiness on Online Hotel Booking
Key Market Developments:
On 13th August 2018, Booking Holdings has acquired Australia-based metasearch company HotelsCombined. The deal was established for 140 million dollar.
On 7th Feb 2018, Airbnb has launched its global hotel technology partnership with SiteMinder, the leading cloud platform for hotels to attract and book guests across the globe.
Online Hotel Booking Services Provider, Online Hotel Booking Industry Association, Government regulatory bodies, Government and Private Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Online Hotel Booking market on the basis of product  , application [Household and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Online Hotel Booking market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Online Hotel Booking industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are MakeMyTrip Ltd (India), Marriott International Inc. (United States), Qunar.com Inc. (China), Traveloka Holding Ltd. (Singapore), TripAdvisor, Inc. (United States), Trivago N.V. (Germany), Tuniu Corporation (China) and Wyndham Hotel Group, LLC (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Online Hotel Booking market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.