Online Travel Market to Witness Expansion Throughout the Forecast Period 2018 – 2026.

Press Release : March 23, 2020
Online Travel Market to Witness Expansion Throughout the Forecast Period 2018 – 2026.

Market overview

The online travel industry comprises travel e-commerce websites and review websites. The travel e-commerce website provides advice about various destinations, attractions, accommodation, and information on how to access them. Most of the countries and states have its own travel websites, to attract tourists. The conventional travel advisors are replaced by online travel booking platforms due to high penetration and mass reach of internet. Growing preference of travelers towards easily available digital platforms instead of conventional trip advisors has boosted the market growth for online travelling solutions.

Global online travel market is expected to witness significant growth during the forecast period (2018–2026), due to high internet penetration, easy availability of online platforms, and growing travel & tourism industry, worldwide. People of age group 22 – 31 years are the main audience for the online travel market, as they are the early starters in their professional carrier and prefer to travel for commercial purposes as well as to explore new places. According to a report published by Nicholson Yachts, in November 2016, globally young age group spends about US$ 200 billion on travel every year.

Get Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/2504

Market Dynamics

Increasing traveling for business meetings or seminars, high internet penetration across the globe, introduction of advanced version of mobile apps, and easy to navigate websites are the few drivers impacting growth of the online travel market. Penetration of internet is one of the major growing factor for online travel market, owing to availability of all data while doing transition, number of secured payment options. Asia Pacific is expected to show the highest market growth rate over the forecast period. This growth is attributed to high population, penetration of internet, and increase in disposable income of individuals in the region.

Detailed Segmentation:

Global Online Travel Market, By Types of Platform:

Mobile

Desktop

Global Online Travel Market, By Age Group:

22-31

32-43

44-56

>56

Global Online Travel Market, By Geography:

North America

By Mode of Booking

By Type of Platform

By Age Group

By Country:

U.S.

Canada

Europe

By Mode of Booking

By Type of Platform

By Transportation

By Age Group

By Country:

Germany

UK

France

Italy

Spain

Russia

Rest of Europe

Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/2504

Global players of the global online travel market are OpenTable, Sky Park Secure, Viator, FancyHands, Routehappy, Adioso, Tripit, Eater, Euan’s Guide, Hipmunk, Skyscanner, Owners Direct, and Accuweather.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.     

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: sales@coherentmarketinsights.com

Visit Our Blogs: https://blog.coherentmarketinsights.com

Notes to editors

For more information please contact:
Tel: 09403974051 email: sohelrohit72@gmail.com Visit the newsroom of: sampr