Online Accommodation Booking Market Size, Top Overview, Segmentation Analysis, Regional Report till 2020-2027
Online Accommodation Booking Market
The Online Accommodation Booking is defined as the popular
method for booking hotel rooms where traveler can book hotel rooms on computer
or mobile by using online platform such as website or mobile application. The
online accommodation is categorized into two modes such as third party online
portals, and direct/ captive portals.
The increase in penetration of internet is a major driving
factor which expected to boost the global online accommodation booking market
growth over the forecast period. Also, the expansion of E-commerce industry is
expected drive the market growth. E-commerce industry is growing at an
unprecedented rate across the world. The increase in disposable income as well
as the change in life style of individuals will accelerate the online
accommodation booking market growth. Eco-friendly accommodation bookings are
mostly preferred in the market with around 70% of the global travelers choosing
to go with the green way. This factor is expected to propel the growth of
global online accommodation booking market growth.
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Furthermore, the increase in customers faith in online
payment will positively influence the market growth during this forecast
period. Moreover, the increase in dependency on hotels due to the business
meetings will support the market growth. Additionally, attractive marketing
& promotional strategies will create opportunities for market growth.
The increase in incidences of failed transactions as well as
the increase in concern about the data security is some restraining factors
which may hamper the global online accommodation booking market growth.
Global Online
Accommodation Booking Market Segmentation
The Global Online Accommodation Booking Market is segmented
into platform such as Mobile Application, and Website. Further, market is
segmented into mode of bookings such as Third party online portals, and Direct
/ captive portals.
Also, the Global Online Accommodation Booking Market is
segmented into five regions such as North America, Latin America, Europe, Asia
Pacific, and Middle East & Africa.
Top Market Key
Players
Some key operating players are listed in this report
such as Expedia Group, Booking Holdings Inc, Trip.com Group Ltd., Airbnb Inc.,
Tripadvisor Inc., Oravel Stays Pvt Ltd, Traveloka Indonesia PT, HRS GmbH,
Hotelbeds Group SL, Hostelworld Group, etc.
Market Taxonomy
By Platform
·
Mobile Application
·
Website
By Mode of
Booking
·
Third party online portals
·
Direct / captive portals
By Region
·
North America
·
Latin America
·
Europe
·
Asia Pacific
·
Middle East & Africa
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