Online Travel Market Research Report by Forecast to 2023
                     Online Travel Market Research Report 
By Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Online Travel Market 
The online travel market 2020 could potentially reach a valuation of USD 1,134.55 billion by 2023, confirms Market Research Future 
(MRFR). MRFR also estimates the market progression rate to be 13.16% between 2018 and 2023 (review period). We will provide covid-
19 impact analysis with the report. The report offers an in-depth analysis of the market following the coronavirus disease outbreak. 
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Online Travel Market 
“Taste the market data and market information presented through more than 50 market data tables 
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content 
TOC & market synopsis on Internet of Online Travel Market Forecast To 2023”
• The worldwide economic crisis along with the downfall in consumer spending post the SARS-CoV-2 outbreak has emerged as a 
significant challenge for the Online Travel Market intermediaries. The massive threat to the lodging and airline bookings has 
pressured travel companies to shut down their operations and lay off workforces in a space of few months. According to the impact 
analysis on COVID-19, the short term impact on the online travel industry has been significantly high and can remain in the near 
future. The long-term impact of COVID-19 can lead to continuous practice of social-distancing in the industry. The same proportions 
of lodging and airline bookings cannot be expected as before. However, since the prices are expected to rise considerably, there will 
be a surge in the cash flow as people need to travel. This could give rise to lucrative opportunities for the online travel agencies 
around the globe. These developments are expected to take place in the coming period, even as countries strive to find a covid-19 
breakthrough.
 
• Post novel coronavirus, businesses worldwide are expected to experience a significant transition, where the ICT industry can be the 
biggest gainer. A number of IT vendors have already digitized their processes and have spent considerably on collaboration tools and 
modern infrastructure to facilitate remote delivery models and also secure their workspaces. The fast adoption of digital 
transformation has been in line with the emerging mobility and cloud trends. In a nutshell, the expanding IT industry coupled with 
the prevalence of the digitalization trend can work in favor of the online travel market.
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Online Travel Market 
Regional Analysis
The geographical analysis of the online travel market is done for North America, Europe, Asia-Pacific, and the rest of the world. 
In 2017, North America led the market with a share of 33.75% and held the value of USD 192.46 billion. It is projected that the North 
American market can achieve a growth rate of 11.8% during the assessment timeline. The same year, the second position was held by 
Europe at a value of USD 178.72 billion; and estimations indicate that the regional market can progress at a rate of 12.0%. The APAC 
market can gain the fastest growth rate of 15.9% in the following years.
The influx of automation, augmented and virtual reality and big data have created several opportunities for the travel agencies in North 
America. The online travel market in the region is booming, backed by the rising demand for CRM solutions across diverse industries, 
combined with the increasing use of the mobile booking technology as well as travel apps. 
In Europe, the thriving travel and tourism industry forms the core of the economy and generates high degree of employment. The 
expansion of the tourism sector in the region is the biggest growth booster in the online travel market in Europe.
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Online Travel Market 
Application & Major Players in this Research:
Online Travel Market Prominent Players:
• Alibaba Group Holding Limited (China), 
• TripAdvisor Inc. (US), 
• eDreams ODIGEO SA (Luxembourg), 
• FlixMobility GmbH (Germany), 
• Ctrip.com International Ltd (China), 
• Thomas Cook Group PLC (UK), 
• MakeMyTrip (India) Pvt. Ltd (India), 
• Airbnb Inc. (US), 
• Ryanair DAC (Ireland), 
• Expedia Inc. (US)
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Online Travel Market 
Online Travel Market Segmented on the basis of
Segment:
• Platform type, booking and service type are the main segment according to which the market review has been conducted in 
the report.
• The platform types include desktop-based platform as well as mobile/tablets based.
• The booking-wise market segmentation comprises direct travel facilitators and online travel agencies.
• Depending on the service type, the primary segments include accommodation (hotels and guest house/dormitory), vacation 
packages (in-country and outside country) and transportation (air travel, train travel, bus travel and others).
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ABOUT US
MARKET RESEARCH FUTURE
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report 
(CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting 
Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research 
studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, 
enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and 
industrial visits for its research analyst members.
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All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may 
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