According to the latest market research report title βOnline Travel Booking Service Market By Type (Vacation Package, Transportation [Airline, Trains, Buses, Cabs], Accommodation [Hotel, Hostel & Resorts, Vacation 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) — Forecast to 2024β³, published by MarkNtel Advisors, 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 data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
Request for Sample Report: https://www.marknteladvisors.com/query/request-sample/online-travel-booking-service-market.html
Global Online Travel Booking Service Market Challenge:
Technical Glitches in the Travel Booking Applications Posing Challenges β Online Travel market platforms such as Trivago, Goibibo, etc., are made up of complex systems, software, and hardware interacting, which interact with the users. Therefore, with a sudden surge in traffic during the holiday or peak booking season, the servers become overloaded, slowing down the system and resulting in technical glitches. For instance, in 2022, MYAirline, a flight booking application, faced technical glitches due to high traffic on their website & mobile application. These technical glitches, downtime, or system failures lead to issues with bookings, payment processing, or access to information.
Moreover, these technical issues or errors within the booking system often lead to ticket cancellations & financial repercussions. Therefore, to avoid inconvenience in booking, payment processing issues, or unexpected ticket cancellations, consumers opt for traditional ticket booking rather than opting for travel booking applications, restraining market growth.
Online Travel Booking Service Market Segmentation
The Online Travel Booking Service Market is highly robust and fragmented into numerous segments;
By Booking Method
-Direct Online Booking- Market Size & Forecast 2019-2030F, USD Million
-Online Travel Agencies (OTAs)- Market Size & Forecast 2019-2030F, USD Million
By Platform
-Third Party Online Portals- Market Size & Forecast 2019-2030F, USD Million
–Mobile Application- Market Size & Forecast 2019-2030F, USD Million
–Websites – Market Size & Forecast 2019-2030F, USD Million
-Direct Portals- Market Size & Forecast 2019-2030F, USD Million
–Mobile Application- Market Size & Forecast 2019-2030F, USD Million
–Websites – Market Size & Forecast 2019-2030F, USD Million
By End Users
-Leisure Travelers- Market Size & Forecast 2019-2030F, USD Million
-Business Travelers- Market Size & Forecast 2019-2030F, USD Million
-Medical and Wellness Travelers- Market Size & Forecast 2019-2030F, USD Million
By Age Group
-Generation Z (Age 18-24) – Market Size & Forecast 2019-2030F, USD Million
-Millennials (Ages 25-40) – Market Size & Forecast 2019-2030F, USD Million
-Generation X (Ages 41-56) – Market Size & Forecast 2019-2030F, USD Million
-Baby Boomers (Ages 57-75) – Market Size & Forecast 2019-2030F, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Click here for a more detailed explanation: https://www.marknteladvisors.com/research-library/online-travel-booking-service-market.html
Key Players Operating in the Online Travel Booking Service Market: –
Cleartrip Pvt. Ltd.
-Business Description
-Service Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Thomas Cook Ltd.
-Business Description
-Service Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
KoreaTravelEasy Inc.
-Business Description
-Service Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Online Travel Booking Service Market during the forecast period?
- Which segment is expected to lead the Online Travel Booking Service Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
Contact Us β
Call: π +1 628 895 8081, +91 120 4278433
Email: π§ sales@marknteladvisors.com
Visit to know more: π www.marknteladvisors.com