Market Overview:
The global travel service platform market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online travel services and the growing number of internet users worldwide. In addition, the development of innovative technologies is also contributing to the growth of this market. The global travel service platform market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into ticket management, hotel booking, and other services. Ticket management is further sub-segmented into airline tickets, railway tickets, bus tickets etc., while hotel booking is further sub-segmented into budget hotels and luxury hotels etc. Other services include car rental bookings and holiday package bookings etc. On the basis of application, it can be classified into mobile terminals (smartphones & tablets), computer terminals (laptops & desktops), and other applications such as kiosks & vending machines etc.
Product Definition:
A travel service platform is a type of web or mobile application that helps people book flights, hotels, and other types of travel. These platforms can be used to find the best deals on airfare and accommodations, as well as to make reservations and track trips. They can also provide information about tourist destinations and help users plan their itineraries.
Ticket Management:
Ticket management is the online service that allows customers to purchase airline tickets through a web portal. The primary function of ticket management systems is to provide online services for the processing of airline bookings and managing customer data. These systems also help in providing customer support, tracking inventory and analyzing sales trends. Some other functions provided by these systems include printing boarding passes, hotel booking confirmations and e-voucher Redemption Management Systems (RMS).
Hotel:
Hotel and it's usage in Travel Service Platform market is a software that helps to provide information about hotels, their rates, location, etc. It also helps to build customer-centric marketing campaigns for travel service companies.
The hotel industry has been witnessing significant changes over the past few years due to growing preference of consumers towards packaged tours and leisure trips.
Application Insights:
The mobile terminal application segment dominated the global travel service platform market in 2017. The growth can be attributed to the increasing use of m-ticketing for air, rail and bus tickets on smartphones. Moreover, operators are focusing on providing a seamless experience to their customers by integrating with various applications such as Google Pay and Apple Pay. For instance, in November 2016, OTAKU Lviv International Airport (LWOV) launched e-gift card that could be used both online and offline at restaurants, shops and other stores across the city center.
The computer terminal application segment is expected to witness significant growth over the forecast period owing to its traditional usage at airports for check-in or check-out processing as well as for obtaining train or bus schedules information among others things related airport operations.
Regional Analysis:
North America dominated the global travel service platform market in 2017. North America is home to some of the most prominent players such as Expedia, Inc.; Booking Holdings; and Priceline Group, Inc. These companies are focusing on developing innovative mobile and web-based technologies for customer engagement and retention. Moreover, these companies are also aggressively expanding their presence in other regions by acquiring regional startups or establishing strategic partnerships with local players operating outside of their geographical domain. For instance, in October 2016, Expedia acquired HotelTonight for USDtilstay acquisition will help expand its offerings across more than 400 cities in North America where hotel demand is highest during peak season. Similarly In January 2018, Booking Holdings announced plans to acquire HotelFinder Media Group Pte Ltd.
Growth Factors:
- Increasing demand for travel services from the millennial population.
- Rising disposable income of consumers in developing countries.
- Proliferation of online booking platforms and mobile apps for travel services.
- Emergence of new technologies such as blockchain and artificial intelligence that are expected to improve the efficiency and security of the travel industry overall.
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Service Platform Market Research Report
By Type
Ticket Management, Hotel, Other
By Application
Mobile Terminal, Tablet Terminal, Computer Terminal
By Companies
AirGorilla, Hays Travel limited, Airbnb, Yatra Online Private Limited, Alibaba Group, Elong, TUI Group, Tuniu, Trip.com Group, Ezus, Meituan
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Travel Service Platform Market Report Segments:
The global Travel Service Platform market is segmented on the basis of:
Types
Ticket Management, Hotel, Other
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
Mobile Terminal, Tablet Terminal, Computer Terminal
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:
- AirGorilla
- Hays Travel limited
- Airbnb
- Yatra Online Private Limited
- Alibaba Group
- Elong
- TUI Group
- Tuniu
- Trip.com Group
- Ezus
- Meituan
Highlights of The Travel Service Platform 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:
- Ticket Management
- Hotel
- Other
- By Application:
- Mobile Terminal
- Tablet Terminal
- Computer Terminal
- 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 Travel Service Platform 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.
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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?
A travel service platform is a web-based application that connects travelers with local businesses that can provide them with a variety of services while they are traveling. These platforms can include everything from booking hotels and flights to finding local restaurants and attractions.
Some of the major players in the travel service platform market are AirGorilla, Hays Travel limited, Airbnb, Yatra Online Private Limited, Alibaba Group, Elong, TUI Group, Tuniu, Trip.com Group, Ezus, Meituan.
The travel service platform market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Travel Service Platform 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 Travel Service Platform Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Travel Service Platform 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 Travel Service Platform 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 Travel Service Platform Market Size & Forecast, 2018-2028
4.5.1 Travel Service Platform Market Size and Y-o-Y Growth
4.5.2 Travel Service Platform Market Absolute $ Opportunity
Chapter 5 Global Travel Service Platform 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 Travel Service Platform Market Size Forecast by Type
5.2.1 Ticket Management
5.2.2 Hotel
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel Service Platform 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 Travel Service Platform Market Size Forecast by Applications
6.2.1 Mobile Terminal
6.2.2 Tablet Terminal
6.2.3 Computer Terminal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel Service Platform 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 Travel Service Platform 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 Travel Service Platform Analysis and Forecast
9.1 Introduction
9.2 North America Travel Service Platform 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 Travel Service Platform Market Size Forecast by Type
9.6.1 Ticket Management
9.6.2 Hotel
9.6.3 Other
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 Travel Service Platform Market Size Forecast by Applications
9.10.1 Mobile Terminal
9.10.2 Tablet Terminal
9.10.3 Computer Terminal
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 Travel Service Platform Analysis and Forecast
10.1 Introduction
10.2 Europe Travel Service Platform 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 Travel Service Platform Market Size Forecast by Type
10.6.1 Ticket Management
10.6.2 Hotel
10.6.3 Other
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 Travel Service Platform Market Size Forecast by Applications
10.10.1 Mobile Terminal
10.10.2 Tablet Terminal
10.10.3 Computer Terminal
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 Travel Service Platform Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel Service Platform 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 Travel Service Platform Market Size Forecast by Type
11.6.1 Ticket Management
11.6.2 Hotel
11.6.3 Other
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 Travel Service Platform Market Size Forecast by Applications
11.10.1 Mobile Terminal
11.10.2 Tablet Terminal
11.10.3 Computer Terminal
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 Travel Service Platform Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel Service Platform 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 Travel Service Platform Market Size Forecast by Type
12.6.1 Ticket Management
12.6.2 Hotel
12.6.3 Other
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 Travel Service Platform Market Size Forecast by Applications
12.10.1 Mobile Terminal
12.10.2 Tablet Terminal
12.10.3 Computer Terminal
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) Travel Service Platform Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel Service Platform 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) Travel Service Platform Market Size Forecast by Type
13.6.1 Ticket Management
13.6.2 Hotel
13.6.3 Other
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) Travel Service Platform Market Size Forecast by Applications
13.10.1 Mobile Terminal
13.10.2 Tablet Terminal
13.10.3 Computer Terminal
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 Travel Service Platform Market: Competitive Dashboard
14.2 Global Travel Service Platform Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AirGorilla
14.3.2 Hays Travel limited
14.3.3 Airbnb
14.3.4 Yatra Online Private Limited
14.3.5 Alibaba Group
14.3.6 Elong
14.3.7 TUI Group
14.3.8 Tuniu
14.3.9 Trip.com Group
14.3.10 Ezus
14.3.11 Meituan
