Global Online Travel Booking Service Market Research Report: Forecast (2024-2030)

Online Travel Booking Service Market Share, Size, Report - By Type (Vacation Package, Transportation [Airline, Trains, Buses, Cabs], Accommodation [Hotel, Hostel & Resorts, Vacatio......n Rentals, Others (Camping & Recreation Vehicle, Timeshare Rentals, etc.)], Others [Travel Insurance Booking, Event & Attraction Booking, etc.]), By Booking Method (Direct Online Booking, Online Travel Agencies [OTAs]), By Platform (Third Party Online Portals [Mobile Application, Websites], Direct Portals [Mobile Application, Websites]), By End Users (Leisure Travelers, Business Travelers, Medical and Wellness Travelers), By Age Group (Generation Z [Age 18-24], Millennials [Ages 25-40], Generation X [Ages 41-56], Baby Boomers [Ages 57-75], By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Airbnb Inc., Expedia Inc., Booking Holdings Inc., Trip Advisor LLC, Trip.com Travel Singapore Pte. Ltd., Makemytrip Pvt Ltd., Hostelworld.com Limited, Trivago N.V., Despegar.com, Corp., Lastminute.com NV, Traveloka, CorporateFlights.com, Cleartrip Pvt. Ltd., Thomas Cook Ltd., KoreaTravelEasy Inc., Others[Yatra Online Limited, Fareportal, etc.]) Read more

  • ICT & Electronics
  • Dec 2023
  • 198
  • PDF, Excel, PPT

Market Insights & Analysis: Global Online Travel Booking Service Market (2024-30):

The Global Online Travel Booking Service Market size is estimated to grow at a CAGR of around 11.70% during the forecast period, i.e., 2024-30. The factors that can be attributed to the growth of online travel booking services have been the increase in tourism across the globe mainly in the Middle East, North America & Europe. According to the World Tourism Organization, in 2021, Europe welcomed around 304.8 million tourists, an increase of approximately 27% as compared to 2020.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 11.70%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: The UAE, Saudi Arabia, Qatar, South Africa, Rest of the Middle East & Africa
Key Companies Profiled Airbnb Inc., Expedia Inc., Booking Holdings Inc., Trip Advisor LLC, Trip.com Travel Singapore Pte. Ltd., Makemytrip Pvt Ltd., Hostelworld.com Limited, Trivago N.V., Despegar.com, Corp., Lastminute.com NV, Traveloka, CorporateFlights.com, Cleartrip Pvt. Ltd., Thomas Cook Ltd., KoreaTravelEasy Inc., Others(Yatra Online Limited, Fareportal, etc.)
Market Value  USD Million/Billion

 

Moreover, the regions including Europe, Asia-Pacific, and others have been witnessing a rise in inbound tourists due to the surge in medical tourism, recreational activities, and live events like World Cups or pop concerts. As per Live Nation Entertainment, a leading entertainment company based in the US, in 2022, the attendees in more than 44 thousand live concerts increased to approximately 150.04 million, an increase of about 24% compared to 2019. These live events boast enthusiastic fan communities and audiences to forge contacts with others who share their commitment and zeal for a specific event. As a result, individuals from across the globe tend to attend these shows & travel to the destined locations, driving the Online Travel Booking Service Market.

Moreover, global companies like Tesla, FuelBuddy, Arabyads, etc., are significantly expanding their business operations to other countries like Saudi Arabia, Africa, India, etc., to position themselves at par with their competitors. This increasing expansion of the companies is boosting business executives' travel for meetings, site inspections, and other official work, consequently boosting business travel or corporate travel. According to the Global Sustainable Tourism Council, in 2022, over 445 million business travel took place globally. Different regions such as the Americas, Europe, Asia-Pacific, and Africa witnessed an increase of approximately 35%, 28%, 41%, and 23% respectively, compared to 2021. This increasing corporate travel is driving the requirement for travel booking companies like TravelPerk, BCD Travel, SAP Concur, etc., to ensure the safe accommodation & travel booking of the employees, amplifying the Online Travel Booking Service Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Online Travel Booking Service Market Customer Survey
    1. Proportion of Travel Reservations Conducted Through Online Channels
    2. Individuals Peruse Travel Reviews
    3. Average Duration Customers Spend Researching Travel Online Before Finalizing Their Bookings
    4. Preferred Device (Mobile Phone/Desktop) to Make Travel Bookings
    5. Ratio of Individuals Booking Travel Online Versus Those Opting for Travel Agencies
  5. Global Online Travel Booking Service Market Trends & Developments
  6. Global Online Travel Booking Service Market Dynamics
    1. Drivers
    2. Challenges
  7. Global Online Travel Booking Service Market Hotspot & Opportunities
  8. Global Online Travel Booking Service Market Regulations and Policy
  9. Global Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Type
        1. Vacation Package- Market Size & Forecast 2019-2030F, USD Million
        2. Transportation- Market Size & Forecast 2019-2030F, USD Million
          1. Airline- Market Size & Forecast 2019-2030F, USD Million
          2. Trains- Market Size & Forecast 2019-2030F, USD Million
          3. Buses- Market Size & Forecast 2019-2030F, USD Million
          4. Cabs- Market Size & Forecast 2019-2030F, USD Million
        3. Accommodation- Market Size & Forecast 2019-2030F, USD Million
          1. Hotel- Market Size & Forecast 2019-2030F, USD Million
          2. Hostel & Resorts- Market Size & Forecast 2019-2030F, USD Million
          3. Vacation Rentals- Market Size & Forecast 2019-2030F, USD Million
          4. Others (Camping & Recreation Vehicle, Timeshare Rentals, etc.) - Market Size & Forecast 2019-2030F, USD Million
        4. Others (Travel Insurance Booking, Event & Attraction Booking, etc.) - Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method
        1. Direct Online Booking- Market Size & Forecast 2019-2030F, USD Million
        2. Online Travel Agencies (OTAs)- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform
        1. Third Party Online Portals- Market Size & Forecast 2019-2030F, USD Million
          1. Mobile Application- Market Size & Forecast 2019-2030F, USD Million
          2. Websites - Market Size & Forecast 2019-2030F, USD Million
        2. Direct Portals- Market Size & Forecast 2019-2030F, USD Million
          1. Mobile Application- Market Size & Forecast 2019-2030F, USD Million
          2. Websites - Market Size & Forecast 2019-2030F, USD Million
      4. By End Users
        1. Leisure Travelers- Market Size & Forecast 2019-2030F, USD Million
        2. Business Travelers- Market Size & Forecast 2019-2030F, USD Million
        3. Medical and Wellness Travelers- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group
        1. Generation Z (Age 18-24) - Market Size & Forecast 2019-2030F, USD Million
        2. Millennials (Ages 25-40) - Market Size & Forecast 2019-2030F, USD Million
        3. Generation X (Ages 41-56) - Market Size & Forecast 2019-2030F, USD Million
        4. Baby Boomers (Ages 57-75) - Market Size & Forecast 2019-2030F, USD Million
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      7. By Competition
        1. Competition Characteristics
        2. Market Share & Analysis
  10. North America Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform- Market Size & Forecast 2019-2030F, USD Million
      4. By End Users- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group- Market Size & Forecast 2019-2030F, USD Million
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    4. Canada Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    5. Mexico Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
  11. South America Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform- Market Size & Forecast 2019-2030F, USD Million
      4. By End Users- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group- Market Size & Forecast 2019-2030F, USD Million
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    4. Argentina Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
  12. Europe Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform- Market Size & Forecast 2019-2030F, USD Million
      4. By End Users- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group- Market Size & Forecast 2019-2030F, USD Million
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    4. The UK Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    5. France Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    6. Spain Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    7. Italy Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
  13. The Middle East & Africa Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform- Market Size & Forecast 2019-2030F, USD Million
      4. By End Users- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group- Market Size & Forecast 2019-2030F, USD Million
      6. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. South Africa
        5. Rest of the Middle East & Africa
    3. The UAE Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    4. Saudi Arabia Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    5. Qatar Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    6. South Africa Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
  14. Asia-Pacific Online Travel Booking Service Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, USD Million
      2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
      3. By Platform- Market Size & Forecast 2019-2030F, USD Million
      4. By End Users- Market Size & Forecast 2019-2030F, USD Million
      5. By Age Group- Market Size & Forecast 2019-2030F, USD Million
      6. By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Australia
        6. Rest of Asia Pacific
    3. China Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    4. Japan Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    5. South Korea Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    6. India Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
    7. Australia Online Travel Booking Service Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Type- Market Size & Forecast 2019-2030F, USD Million
        2. By Booking Method- Market Size & Forecast 2019-2030F, USD Million
  15. Global Online Travel Booking Service Market Key Strategic Imperatives for Success and Growth
  16. Competitive Outlook
    1. Company Profiles 
      1. Airbnb Inc.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Expedia Inc.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Booking Holdings Inc.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Trip Advisor LLC
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. Trip.com Travel Singapore Pte. Ltd.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Makemytrip Pvt Ltd.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Hostelworld.com Limited
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Trivago N.V.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Despegar.com, Corp.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Lastminute.com NV
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Traveloka
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. CorporateFlights.com
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Cleartrip Pvt. Ltd.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Thomas Cook Ltd.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. KoreaTravelEasy Inc.
        1. Business Description
        2. Service Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others (Yatra Online Limited, Fareportal, etc.)
  17. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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