Online Travel Booking Market was valued at US$ 512.3 Bn. in 2021 and the total revenue is expected to grow at 9.7% of CAGR through 2022 to 2029, reaching nearly US$ 1074.4 Bn.

Online Travel Booking Market Overview:

The recently published “Online Travel Booking Market” Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in the capital goods and automobile segments in more than 34 countries.

The research analyst has said that the APAC region is a lucrative opportunity for the Online Travel Booking Market and components manufacturers for the next ten years. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.

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Online Travel Booking Market Scope:

The report focuses on the major key drivers and restraints for key companies, as well as the current competitive benchmarking and development prospects. The report provides current Online Travel Booking Market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, and Gross Margin & Sales by Product are all included in this Online Travel Booking Market research report. For the competitive analysis, the report includes the profile of the key market players in the Online Travel Booking Market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.

Online Travel Booking Market Segmentation:

The online travel booking market is divided into desktop and mobile based on Device Outlook. During the projected period, mobile devices are anticipated to rule the online travel booking industry. Even though mobile has conquered the majority of the internet, online booking on mobile is still not particularly common. Even if mobile has mostly assumed the place of the internet, online booking is still not a common practise. Nearly 80% of Americans still like using their desktop or laptop computer to make a reservation.

The online travel booking market is divided into two categories based on the method of booking: online booking and direct travel agency. In 2021, direct travel agencies held the biggest market share. Only 24.3% of Americans book their vacation through a physical agency, despite the fact that doing so can save customers up to $452 and four hours of preparation time each trip in the online travel booking industry.

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Key Players:

• Ixigo-Le Travenues Technology Ltd (India)
• MAKEMYTRIP PVT. LTD. (India)
• Cox & Kings Ltd. (India)
• Cleartrip (India)
• Yatra Online Limited (India)
• EaseMyTrip (India)
• Thomas Cook Ltd. (India)
• Faresdaddy (India)
• Apricot Tours (pakistan)
• Trip.com Group Limited (China)
• Agoda (Singapore)
• Trip.com Group (Singapore)
• HolidayPasal.com (Nepal)
• KoreaTravelEasy (South Korea)
• Traveloka (Indonesia)

Regional Analysis:

The report on the Online Travel Booking Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.

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Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Online Travel Booking Market
• Landscape- Leading key players and other prominent key players

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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