Mobile Travel Booking Market Introduction and Overview
According to SPER Market Research, the Global Mobile Travel Booking Market is estimated to reach USD 753.71 billion by 2033 with a CAGR of 10.93%.
The report includes an in-depth analysis of the Global Mobile Travel Booking Market, including market size and trends, product mix, distribution channels, and supplier analysis. Mobile travel booking involves using a smartphone or tablet to reserve and buy travel services and products like flights, hotels, car rentals, vacation packages, and activities. It offers numerous advantages to users, such as the flexibility to book from anywhere at any time, simple comparison of prices and choices, and access to exclusive mobile promotions. Additionally, it enables a personalized booking experience through data-driven recommendations and tailored offers based on individual preferences.
- April 2022: Expedia Group and Qtech Software, a travel tech provider, joined forces to expand access to Expedia Group's travel inventory worldwide via Qtech's OTRAMS GO platform. This collaboration enabled travel businesses to access premium hotel content and technology, leading to increased revenue, business growth, and improved efficiency in the travel industry.
- October 2021: Trivago partnered with Huawei, the third-largest smartphone company globally, to collaboratively develop travel products within Huawei's mobile services platform. Trivago's involvement powered a significant portion of Huawei's paid hotel search business, contributing to substantial growth in the mobile travel booking market.
Market Opportunities and Challenges
- Opportunity:
- Internet connectivity and smartphone use are both growing in popularity: The popularity of smartphones and tablets has led to a surge in mobile travel bookings. With easy access to the internet and high-speed connectivity, travelers can conveniently search for and book travel options on their mobile devices, driving the growth of the mobile travel booking market.
- Expansion of the global travel and tourism sector: The expansion of the global travel and tourism industry drives the mobile travel booking market. Increased demand for travel-related services and the convenience of mobile booking platforms have fueled this shift. The trend of mobile bookings is growing due to the flexibility and ease of use, leading to fierce competition among companies, promoting innovation and personalized travel options through advanced technologies.
- Challenge:
- Security Concerns: Ensuring robust security protocols and establishing user confidence are imperative because mobile platforms involve the exchange of sensitive data. Safeguarding personal information and financial details is crucial to protect users' privacy and foster trust in mobile transactions and bookings.
- Network Connectivity: Users in areas with constrained internet access may encounter obstacles when making bookings. Limited connectivity can hamper the ability to search for travel options, access booking platforms, and complete transactions. This poses challenges for travelers in such regions to effectively use mobile travel booking services.
Market Competitive Landscape
The mobile travel booking market is fiercely competitive and rapidly evolving, driven by the widespread adoption of smartphones and mobile apps. AI and machine learning are transforming the landscape, enabling personalized recommendations and optimized booking experiences. Companies are integrating chatbots, virtual assistants, and algorithms to cater to individual preferences. Additionally, investments in voice search and booking capabilities further enhance convenience by enabling users to book travel services through voice commands. The key players in the Global Mobile Travel Booking market include CheapOair.Com, Ctrip.Com International, Expedia Inc., Hostelworld Group, Hotel Urbano Travel, MakeMyTrip Limited, Priceline Group Inc., Thomas Cook Group Plc., Tourism SA., Trip Advisor LLC, Trivago GmbH, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Payment Mode, By Application, By Tourism Type
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| Regions covered | Asia-Pacific, Middle East and Africa, Europe, North America, Latin America
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| Companies Covered | CheapOair.Com, Ctrip.Com International, Expedia Inc., Hostelworld Group, Hotel Urbano Travel, MakeMyTrip Limited, Priceline Group Inc., Thomas Cook Group Plc., Tourism SA., Trip Advisor LLC, Trivago GmbH, Others
|
COVID-19 Impact on Global Mobile Travel Booking Market
The COVID-19 pandemic had an adverse effect on the mobile travel booking market due to travel restrictions and lockdowns. The significant decline in travel demand resulted in a decrease in mobile travel bookings as people either canceled or delayed their travel plans. The industry experienced a downturn as travelers hesitated to make bookings amid the uncertainty caused by the pandemic's impact on the travel sector.
Key Target Audience
- Adventurers and Explorers
- Budget Travelers
- Business Travelers
- Digital Nomads
- Eco-Conscious Travelers
- Family Travelers
- Frequent Travelers
- International Travelers
- Last-Minute Travelers
- Leisure Travelers
- Luxury Travelers
- Millennials and Gen Z
- Senior Travelers
- Solo Travelers
- Tech Enthusiasts
- Others
Our in-depth analysis of the Mobile Travel Booking Market includes the following segments:
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By Payment Mode:
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Debit/Credit Card
E-Wallets
UPI
Others
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By Application:
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Accommodation Booking
Transportation Booking
Vacation Packages
Others
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By Tourism Type:
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Domestic
International
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Key Topics Covered in the Report
- Global Mobile Travel Booking Market Size (FY’2023-FY’2033)
- Overview of Global Mobile Travel Booking Market
- Segmentation of Global Mobile Travel Booking Market By Payment Mode (Debit/Credit Card, E-Wallets, UPI, Others)
- Segmentation of Global Mobile Travel Booking Market By Application (Accommodation Booking, Transportation Booking, Vacation Packages, Others)
- Segmentation of Global Mobile Travel Booking Market By Tourism Type (Domestic, International)
- Statistical Snap of Global Mobile Travel Booking Market
- Expansion Analysis of Global Mobile Travel Booking Market
- Problems and Obstacles in Global Mobile Travel Booking Market
- Competitive Landscape in the Global Mobile Travel Booking Market
- Impact of COVID-19 and Demonetization on Global Mobile Travel Booking Market
- Details on Current Investment in Global Mobile Travel Booking Market
- Competitive Analysis of Global Mobile Travel Booking Market
- Prominent Players in the Global Mobile Travel Booking Market
- SWOT Analysis of Global Mobile Travel Booking Market
- Global Mobile Travel Booking Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Mobile Travel Booking Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Mobile Travel Booking Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Mobile Travel Booking Market
7. Global Mobile Travel Booking Market, By Payment Mode (USD Million)
7.1. Global Mobile Travel Booking Market Value Share and Forecast, By Payment Mode, 2023-2033
7.2. Debit/Credit Card
7.3. E-Wallets
7.4. UPI
7.5. Others
8. Global Mobile Travel Booking Market, By Application (USD Million)
8.1. Global Mobile Travel Booking Market Value Share and Forecast, By Application, 2023-2033
8.2. Accommodation Booking
8.3. Transportation Booking
8.4. Vacation Packages
8.5. Others
9. Global Mobile Travel Booking Market, By Tourism Type (USD Million)
9.1. Global Mobile Travel Booking Market Value Share and Forecast, By Tourism Type, 2023-2033
9.2. Domestic
9.3. International
10. Global Mobile Travel Booking Market Forecast, 2019-2033 (USD Million)
10.1. Global Mobile Travel Booking Market Size and Market Share
11. Global Mobile Travel Booking Market, By Payment Mode, 2019-2033 (USD Million)
11.1. Global Mobile Travel Booking Market Size and Market Share By Payment Mode (2019-2026)
11.2. Global Mobile Travel Booking Market Size and Market Share By Payment Mode (2027-2033)
12. Global Mobile Travel Booking Market, By Application, 2019-2033 (USD Million)
12.1. Global Mobile Travel Booking Market Size and Market Share By Application (2019-2026)
12.2. Global Mobile Travel Booking Market Size and Market Share By Application (2027-2033)
13. Global Mobile Travel Booking Market, By Tourism Type, 2019-2033 (USD Million)
13.1. Global Mobile Travel Booking Market Size and Market Share By Tourism Type (2019-2026)
13.2. Global Mobile Travel Booking Market Size and Market Share By Tourism Type (2027-2033)
14. Global Mobile Travel Booking Market, By Region, 2019-2033 (USD Million)
14.1. Global Mobile Travel Booking Market Size and Market Share By Region (2019-2026)
14.2. Global Mobile Travel Booking Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. CheapOair.Com
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Ctrip.Com International
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Expedia Inc.
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Hostelworld Group
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Hotel Urbano Travel
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. MakeMyTrip Limited
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Priceline Group Inc.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Thomas Cook Group Plc.
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Tourism SA.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Trip Advisor LLC
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Trivago GmbH
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
