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Key Companies Covered in the Market Research are Expedia, Inc., TripAdvisor LLC, Trivago Gmbh, Priceline Group Inc., Ctrip.Com International, Ltd., Hotel Urbano Travel and Tourism Sa, Hostelworld Group, Cheapoair.Com, Thomas Cook Group plc, MakeMytrip Limited, Elong, Inc., Alibaba Group, Tuniu Corporation, Hays Travel limited, Airbnb, Inc., AirGorilla, LLC, TUI Group , etc. and other key market players.
The Online Travel Market size is projected to reach USD 21.8 billion by 2031 from USD 13.6 billion in 2022, at a CAGR of 7.15% during the forecast period. Kenneth Research recently added a report on Online Travel Market which provides a detailed insight into the market scenario on the basis of the market size, market volume annual growth rate of the market over the forecast period, i.e., 2022-2031.
Increasing number of connected cars has opened new revenue-generating opportunities for the stakeholders in the connected car ecosystem. A lot of non-automotive players have entered the race of connected cars and autonomous driving to leverage the opportunity of earning revenues. Today's vehicles are no more hardware-based moving machines. Today, they comprise almost40% of electronic content, which is expected to become more than 60% in the next few decades.
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In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
The Online Travel Market size is projected to reach USD 21.8 billion by 2031 from USD 13.6 billion in 2022, at a CAGR of 7.15% during the forecast period
The Online Travel Market size is projected to reach USD 21.8 billion by 2031 from USD 13.6 billion in 2022, at a CAGR of 7.15% during the forecast period.
The main agenda of the Global Online Travel industry market report is to provide a global over view of the report and identifying the major hot pockets and revenue centers. The report focuses on the high growth market and provides information on the major trends, drivers, opportunity and threats in the market. the report also provides information on the industry landscape and complete value chain is analyzed. The major focus of the report is also on the competitive landscape wherein the report provides information on Competitive Strategies Adopted by Leading Players, Investments & Expansions, New Product Launches, Mergers & Acquisitions as well as Agreements, Joint Ventures, and Partnerships.
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The report also provides information on the various regions and analysis the growth covering North America, Europe, Asia Pacific and rest of the world further bifurcated by major countries in these regions.
The major Industry Players in Global Online Travel industry market are Expedia, Inc., TripAdvisor LLC, Trivago Gmbh, Priceline Group Inc., Ctrip.Com International, Ltd., Hotel Urbano Travel and Tourism Sa, Hostelworld Group, Cheapoair.Com, Thomas Cook Group plc, MakeMytrip Limited, Elong, Inc., Alibaba Group, Tuniu Corporation, Hays Travel limited, Airbnb, Inc., AirGorilla, LLC, TUI Group etc. providing information like Company Overview, Financial overview, Product Overview and current development.
By booking mode
*Online Travel Agenciess
*Direct Travel Suppliers
By Types of services
*Transportation
*Travel Accommodation
*Vacation Packages
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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