The digital travel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digital Travel Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The digital travel market size has grown rapidly in recent years. It will grow from $372.56 billion in 2023 to $423.94 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to increasing internet penetration, rising consumer confidence in online transactions, growing availability of smartphones, increasing globalization, increasing integration of social media platforms.
The digital travel market size is expected to see rapid growth in the next few years. It will grow to $714.58 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to increasing integration of artificial intelligence, rising demand for virtual and augmented reality, growing adoption of blockchain technology, growing use of voice-activated assistants, increasing demand for hyper-personalized travel experiences. Major trends in the forecast period include integration of Internet of Things, integration of augmented reality, artificial intelligence, blockchain technology, and innovative software solutions.
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Scope Of Digital Travel Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digital Travel Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies in the digital travel market prioritize introducing intelligent and advanced solutions, including digital apps, to enhance user experience and streamline travel processes. Digital apps provide convenient access to information, services, and entertainment, often allowing users to customize their experience based on their preferences and needs. For instance, in February 2023, Lufthansa, a Germany-based airline company, launched a digital travel companion app. This app provides travelers with the latest updates and relevant information while traveling with a redesigned and optimized interface. Additionally, the new software has self-service tools to assist travelers during operational peaks, an easy-to-use digital wallet for seamless payment processing, and an intuitive check-in procedure.
The digital travel market covered in this report is segmented –
1) By Tour Type: Domestic, International
2) By Tourist Type: Independent Traveler, Tour Group, Package Traveler
3) By Age Group: 26-35 Years, 36-45 Years, 46-55 Years
4) By Consumer Orientation: Men, Women
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Regional Insights –
Asia-Pacific was the largest region in the digital travel market in 2023. The regions covered in the digital travel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the digital travel market are Oracle Corporation, Uber Technologies Inc., TUI Group , Booking Holdings Inc., Expedia Group Inc., Airbnb Inc., Amadeus IT Group SA, Trip.com Group, Sabre Corporation, WEX Inc., American Express Global Business Travel, Tripadvisor Inc., Orbitz , Travelport International Operations Limited, Hopper Inc., Fareportal Inc., Hotels.com, MakeMyTrip Ltd., Hotel Reservation Service, Kayak Inc., Yatra Online Inc., Tavisca Solutions Pvt. Ltd., Thomas Cook India Ltd., Hurb Co S/A, SABS Travel Technologies
Table of Contents
1. Executive Summary
2. Digital Travel Market Characteristics
3. Digital Travel Market Trends And Strategies
4. Digital Travel Market – Macro Economic Scenario
5. Global Digital Travel Market Size and Growth
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32. Global Digital Travel Market Competitive Benchmarking
33. Global Digital Travel Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Digital Travel Market
35. Digital Travel Market Future Outlook and Potential Analysis
36. Appendix
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