Industry Background:
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.
This growth is primarily driven by Increase Customers’ Faith in Online Payment and Emerging Internet Penetrations.
Globally, a noticeable market trend is evident Growing Dependency due to Business Meetings
. The Hotels, Resorts & Cruise Lines sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- Increase Customers’ Faith in Online Payment
- Emerging Internet Penetrations
Market Trend
- Growing Dependency due to Business Meetings
- Attractive Marketing and Promotional Strategies
Restraints
- Rising Incidences of failed Transactions
- Need of Proper Internet Access
- Increasing Concern about Data Security
Opportunities
Increasing Disposable Income and Technical Advancement in Online Booking Mobile Apps
Challenges
Trustworthiness on Online Hotel Booking
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Hotel Booking Study Sheds Light on
The Online Hotel Booking Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Hotel Booking industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Hotel Booking industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.