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Insights on the Online Travel Global Market to 2026 - Featuring Expedia, Hostelworld and Priceline Among Others - ResearchAndMarkets.com

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DUBLIN, September 24, 2021--(BUSINESS WIRE)--The "Online Travel Market Research Report by Services Type, by Mode of Booking, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Online Travel Market size was estimated at USD 396.08 Billion in 2020 and expected to reach USD 433.20 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 9.71% to reach USD 690.71 Billion by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Online Travel Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Global Online Travel Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Online Travel Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Online Travel Market?
4. What is the competitive strategic window for opportunities in the Global Online Travel Market?
5. What are the technology trends and regulatory frameworks in the Global Online Travel Market?
6. What is the market share of the leading vendors in the Global Online Travel Market?
7. What modes and strategic moves are considered suitable for entering the Global Online Travel Market?

Market Dynamics

Drivers

  • Rapid growth of tourism industry

  • Increasing pressures of day-to-day life coupled with increased disposable income

  • Ease of access and booking through online tourism portals

  • Growing internet and credit card penetration

Restraints

  • Non-reliability of offline partners, limited penetration of the services in rural areas, and insufficient technological infrastructure

Opportunities

  • Advancements in various digital payments platform

  • Integration of online and offline facilities

Challenges

  • Cultural barriers and lack of customer willingness

Companies Mentioned

  • Ctrip.com International, Ltd

  • eDreams Odigeo SA

  • Expedia Group

  • Hostelworld Group

  • Hotel Urbano

  • MakeMyTrip Limited

  • Priceline Group Inc.

  • Thomas Cook Group Plc

  • TripAdvisor LLC.

  • Trivago N.V.

For more information about this report visit https://www.researchandmarkets.com/r/cqpp2t

View source version on businesswire.com: https://www.businesswire.com/news/home/20210924005408/en/

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