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According to a new market research report published by Credence Research “Global Mobile Travel Booking Market – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the mobile travel booking market was valued at US$ 858.0 Mn in 2018 and is set to grow with a CAGR of 12.2% during the forecast period.Market Insights
The global mobile travel booking market is driven by increasing adoption of the mobile apps for wide range of applications among the consumers. Since the rise of the smartphones, mobile apps market has evolved significantly. The convenience and the features offered by the mobile apps are the primary factor augmenting its demand in the market. The mobile apps has emerged as a vital tools for accessing wide array of application, such as payments, gaming, education, and travelling, as it provides direct access to the services with single click. Technological advancement, changing customer demands along with the increasing penetration of internet services are the major forces supporting the adoption of the mobile apps among consumers. Furthermore, the organizations are also leveraging on the mobile apps to expand their customer base and increase their footprint. This rise of the mobile apps is presenting myriad opportunities for the growth of the mobile travel booking market.
Browse the full report at https://www.credenceresearch.com/report/mobile-travel-booking-market
Transportation booking will become the most lucrative application of the mobile travel booking market during the forecast period. The increasing adoption of mobile apps for booking the flight, bus and train tickets are the primary factor driving the market growth. The mobile apps provide the consumer the convenience and flexibility to book the tickets anytime anywhere. Moreover, the market players also offer attractive discounts and cashback offers to customers to gain customer loyalty. Additionally, the increasing collaboration activities between the transportation service providers and the mobile ticketing apps platform developers is also driving the market.
Asia Pacific is expected to grow at the highest CAGR during the forecast period. A large number of smartphone users and internet users in the region is driving market growth. The Asia Pacific is the home of more than 50% of smartphone users across the globe, and the number is further estimated to grow significantly in the future. The availability of the low-cost smartphone along with the rising disposable income of the population in the region is backing the increasing adoption of the smartphone in the region. Moreover, the supportive government initiatives for the promotion of the delivery of the government services via the internet is accelerating the market growth.
The key players in the Mobile Travel Bookings market space are Hostelworld Group, MakeMyTrip Limited, Expedia Inc., Ctrip.Com International, Priceline Group Inc., Hotel Urbano Travel, CheapOair.Com, Trivago GmbH, Thomas Cook Group Plc., Trip Advisor LLC, and Tourism SA.
Report Scope by Segments
By Service Type Segment (2017–2027; US$ Mn)
Transportation Booking
Accommodation Booking
Others
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ToC:
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.3.7 Assumptions
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Mobile Travel Booking Market
2.1.1 Global Mobile Travel Booking Market, by Service Type, 2018 (US$ Mn)
2.1.2 Global Mobile Travel Booking Market, by Geography, 2018 (US$ Mn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraint
3.3 Attractive Investment Proposition, by Geography, 2018
3.4 Market Positioning of Key Mobile Travel Booking Vendors, 2018
Chapter 4 Global Mobile Travel Booking Market, by Service Type
4.1 Overview
4.2 Accommodation Booking
4.3 Travel Booking
Chapter 5 North America Mobile Travel Booking Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 6 Europe Mobile Travel Booking Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 7 Asia Pacific Mobile Travel Booking Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 8 Rest of the World (RoW) Mobile Travel Booking Market Analysis, 2017 – 2027 (US$ Mn)
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Chapter 9 Company Profiles
9.1 CheapOair.Com
9.2 Ctrip.Com International Ltd.
9.3 Expedia Inc.
9.4 Hostelworld Group
9.5 Hotel Urbano Travel
9.6 MakeMyTrip Limited
9.7 Priceline Group Inc.
9.8 Thomas Cook Group Plc.
9.9 Tourism SA
9.10 Trip Advisor LLC
9.11 Trivago GMBH
................toc continued
Browse the full report at https://www.credenceresearch.com/report/mobile-travel-booking-market
Key questions answered in this report
What was the market size of Mobile Travel Booking in 2018 and forecast up to 2027?
Which is the largest regional market for Mobile Travel Bookings?
What are the major trends followed in the Mobile Travel Booking market across different regions?
Who are the key companies in the Mobile Travel Bookings market?
What are the key strategies adopted by the leading Mobile Travel Booking companies in market?
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