Market Overview:
The global hotel booking market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online hotel booking services and the growing number of business travelers. In terms of type, the on-line segment is expected to dominate the global hotel booking market during the forecast period. This can be attributed to factors such as ease of use and convenience offered by online hotel booking platforms. In terms of application, commercial applications are expected to account for a larger share in the global hotel booking market during the forecast period.
Product Definition:
A hotel booking is the reservation of a room in a hotel. Hotel bookings can be made through a travel agent, on the internet or by telephone.
On-line:
On-line or online is a reference to services or products that are provided using electronic media, most commonly the Internet. Online booking is done through web portals and can be either initiated by the consumer (known as first-time online bookings) or by the service provider (referred to as repeat business). The number of people who have been putting down long distance calls for short duration in order to book their hotel rooms over internet has increased exponentially over last few years.
Offline:
Offline is the part of online marketing which includes direct contact with customers. The major function of offline is to create a relationship with the customer and build trust by providing excellent service. Offline channel helps in creating an atmosphere for brand awareness and establishing trust between company & customers, ultimately resulting into more sales.
Application Insights:
The commercial application segment accounted for the largest share of more than 70.0% in 2017. The growth of this segment is attributed to the wide scope of services offered by online travel agencies (OTA) and hotel booking websites, which include cost and price comparison, personal assistance, easy payment options, and cancellation/rescheduling facilities among others. Moreover many OTA's have integrated their mobile app with these sites offering users a chance to win tickets while they are shopping for hotels.
Individual travelers comprise mainly young adults who prefer spending their vacation alone or with friends in a group without family members or spouses accompanying them; hence they prefer solo trips or short getaways within groups of friends/partners at most economical prices available on internet as compared to group travels undertaken by families & parents traveling with children & babies etc., Thus impacting the overall market growth adversely since individual travelers constitute major part of total market revenue generated through online channels only.
Regional Analysis:
Asia Pacific dominated the global hotel booking market in 2017. The region is expected to witness a CAGR of XX% from 2018 to 2030. This growth can be attributed to the increasing number of online travelers and rising demand for accommodation across emerging countries, such as China and India. Moreover, increasing investments in e-commerce companies by international hotel chains are expected to open new avenues for them in these regions over the forecast period.
North America is projected to grow at a significant rate during the forecast period owing to several initiatives undertaken by various government organizations, such as Travel Technology Association (TTA) and Internet Corporation For Assigned Names And Numbers (ICANN), which aims at promoting travel & tourism activities across North America region through technology support programs & services relatedto e-commerce solutions including domain name registration services and web hosting services among others.
Growth Factors:
- Increasing disposable income of people across the globe is expected to drive the hotel booking market growth.
- Proliferation of online travel agencies (OTAs) is anticipated to fuel the demand for hotel rooms, thereby propelling the hotel booking market growth.
- Rising number of business travelers is another key factor that would spur the demand for hotels and, in turn, boost the hotel booking market size over the forecast period.
- Growing popularity of luxury and boutique hotels is projected to create lucrative opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hotel Booking Market Research Report
By Type
On-line, Offline
By Application
Commercial, Individual
By Companies
Booking, Expedia, Priceline, Trip, IHG, Marriott International, Hilton Worldwide, AccorHotels
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Hotel Booking Market Report Segments:
The global Hotel Booking market is segmented on the basis of:
Types
On-line, Offline
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Individual
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Booking
- Expedia
- Priceline
- Trip
- IHG
- Marriott International
- Hilton Worldwide
- AccorHotels
Highlights of The Hotel Booking Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- On-line
- Offline
- By Application:
- Commercial
- Individual
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hotel Booking Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hotel booking is the process of reserving a room or suite at a hotel.
Some of the key players operating in the hotel booking market are Booking, Expedia, Priceline, Trip, IHG, Marriott International, Hilton Worldwide, AccorHotels.
The hotel booking market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hotel Booking Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hotel Booking Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hotel Booking Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hotel Booking Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hotel Booking Market Size & Forecast, 2018-2028 4.5.1 Hotel Booking Market Size and Y-o-Y Growth 4.5.2 Hotel Booking Market Absolute $ Opportunity
Chapter 5 Global Hotel Booking Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hotel Booking Market Size Forecast by Type
5.2.1 On-line
5.2.2 Offline
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hotel Booking Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hotel Booking Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Individual
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hotel Booking Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hotel Booking Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hotel Booking Analysis and Forecast
9.1 Introduction
9.2 North America Hotel Booking Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hotel Booking Market Size Forecast by Type
9.6.1 On-line
9.6.2 Offline
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hotel Booking Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Individual
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hotel Booking Analysis and Forecast
10.1 Introduction
10.2 Europe Hotel Booking Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hotel Booking Market Size Forecast by Type
10.6.1 On-line
10.6.2 Offline
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hotel Booking Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Individual
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hotel Booking Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hotel Booking Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hotel Booking Market Size Forecast by Type
11.6.1 On-line
11.6.2 Offline
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hotel Booking Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Individual
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hotel Booking Analysis and Forecast
12.1 Introduction
12.2 Latin America Hotel Booking Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hotel Booking Market Size Forecast by Type
12.6.1 On-line
12.6.2 Offline
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hotel Booking Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Individual
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hotel Booking Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hotel Booking Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hotel Booking Market Size Forecast by Type
13.6.1 On-line
13.6.2 Offline
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hotel Booking Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Individual
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hotel Booking Market: Competitive Dashboard
14.2 Global Hotel Booking Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Booking
14.3.2 Expedia
14.3.3 Priceline
14.3.4 Trip
14.3.5 IHG
14.3.6 Marriott International
14.3.7 Hilton Worldwide
14.3.8 AccorHotels