Online Travel Market Perspective by Comprehensive
Analysis Growth Prediction to 2026
Online Travel Market research provides industry analysis by type,
manufacturer, application along with key factors influencing the
growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The online travel industry comprises travel e-commerce websites and review websites. The travel
e-commerce website provides advice about various destinations, attractions, accommodation,
and information on how to access them. Most of the countries and states have its own travel
websites, to attract tourists. The conventional travel advisors are replaced by online travel
booking platforms due to high penetration and mass reach of internet. Growing preference of
travelers towards easily available digital platforms instead of conventional trip advisors has
boosted
the
market
growth
for
online
travelling
solutions.
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Global online travel market is expected to witness significant growth during the forecast period
(2018–2026), due to high internet penetration, easy availability of online platforms, and growing
travel & tourism industry, worldwide. People of age group 22 – 31 years are the main audience
for the online travel market, as they are the early starters in their professional carrier and prefer
to travel for commercial purposes as well as to explore new places. According to a report
published by Nicholson Yachts, in November 2016, globally young age group spends about US$
200 billion on travel every year.