Le Lézard
Classified in: Tourism and vacations, Covid-19 virus
Subject: MRR

Online Travel Booking Platform Market size to grow by USD 1,107.21 Billion from 2022 to 2027; Growth driven by the rising consolidation of online travel agencies - Technavio

NEW YORK, May 26, 2023 /PRNewswire/ -- The online travel booking platform market size is estimated to increase by USD 1,107.21 Billion, accelerating at a CAGR of 14.85% during the forecast. The growth of the market is driven by the rising consolidation of online travel agencies.

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Online Travel Booking Platform Market? Market dynamics

Leading drivers - The rising consolidation of online travel agencies is notably driving the online travel booking platform market growth. The growth of the travel and tourism market has further intensified the competition in the market, which has led to various mergers and acquisitions. Market penetration will increase with the rise in the number of strategic alliances.

Key trends - Dynamic pricing is a key trend influencing the online travel booking platform market growth. Vendors use the dynamic pricing methodology to gain the maximum advantage of peak season bookings for certain locations. The use of the dynamic pricing technique will support the growth of the global online travel booking platform market during the forecast period.

Major challenges - The threat from offline travel agencies may challenge the online travel booking platform market growth. Offline travel agencies have a significant share of the global travel industry due to low awareness. These players are preferred by customers with low knowledge of the Internet. The presence of offline travel agents may pose a challenge to the growth of the global online travel booking platform market during the forecast period.

In addition to the forecast, the report also highlights the key opportunities by analyzing drivers, trends, and challenges for the market!

Online Travel Booking Platform Market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines ?

Online Travel Booking Platform Market? Vendor analysis

Some of the major online travel booking platform market vendors are:

The online travel booking platform market is fragmented, with the presence of several global as well as regional vendors. The degree of fragmentation will accelerate during the forecast period.

Vendor offerings -

Online Travel Booking Platform Market - Segmentation assessment

Online travel booking platform market is segmented as below:

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Online Travel Booking Platform Market Scope

Report Coverage


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 14.85%

Market growth 2023-2027

USD 1107.21 billion

Market structure


YoY growth 2022-2023 (%)


Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, Germany, and UK, Canada, Mexico, Italy,Spain, India, Japan, Australia,  and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Airbnb Inc., BlueStar Air Travel Services I Pvt. Ltd., Booking Holdings Inc., DirectVision SRL, eDreams ODIGEO, Expedia Group Inc., Fareportal Inc, Happyeasygo Group, Hopper Inc., Hostel World Group Plc, Kiwi.com sro, Lastminute.com NV, MakeMyTrip Ltd., OneTwoTrip Ltd., Thomas Cook India Ltd., Travelopro, Trip.com Group Ltd., TripAdvisor LLC, TUI AG, and Yatra Online Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Platform

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

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