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India Online Travel Market Report is Segmented by Service Type (Air Ticket Booking, and More), by Booking Device (Desktop / Laptop and Mobile), by Business Model (Online Travel Agencies, Direct Supplier Online Platforms, and More), by Traveler Type (Leisure, and More), by Age Group (18–30 Years, and More), by Payment Mode (Credit / Debit Cards and More), by City Tier (North India, South India, and More).
The value of the online travel market in India was **** billion U.S. dollars in 2023. It was forecast to grow to around **** billion dollars by 2029. The growth is projected to be driven by various factors, including the increasing use of mobile devices for travel bookings, the rising popularity of online travel agencies, and the growing disposable income of Indian consumers. Growth and online bookings The online travel market in India is segmented by service type into transportation, travel accommodation, tour operators, and travel agencies. The transportation segment, and airlines in particular, accounted for the largest share in the online travel market in 2023. In terms of online bookings, hotels and train tickets were most popularly chosen. Major players in the online travel market MakeMyTrip, Cleartrip, and EaseMyTrip were the dominant players in the online travel market in India in 2023. MakeMyTrip was a popular online travel agency, used at least once. The sector is increasingly focusing on corporate travel as well as wellness packages and stress-relief services, helping business travelers seek both productivity and relaxation at their work-related trips.
The online air travel market size was valued at ** billion U.S. dollars in India during financial year 2020. The market is expected to expand to ** billion dollars by 2025. Comparatively, the size of the online hotel market was ** billion dollars for financial year 2020 and is likely to reach ** billion dollars by 2025.
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India Online Travel Market size was valued at USD 15.61 Billion in 2024 and is projected to reach USD 33.56 Billion by 2032, growing at a CAGR of 10.5% during the forecast period from 2026-2032.
India Online Travel Market: Definition/Overview
Online travel refers to the digital marketplace where consumers can research, compare, and book various travel-related services and products via the internet. This includes accommodations, flights, car rentals, vacation packages, and experiences. Online Travel Agencies (OTAs) serve as intermediaries that connect travelers with service providers, allowing users to browse a wide range of options in a user-friendly format.
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The India online travel market is projected to grow from $17.24 million in 2025 to $34.69 million by 2033, at a CAGR of 10.50%. The growth of the market is attributed to the increasing internet and smartphone penetration, rising disposable incomes, and a growing middle-class population. Additionally, the government's initiatives such as the Digital India campaign and the e-Tourist Visa scheme are also contributing to the market's growth. The online travel market in India is segmented into service type, booking type, platform, and tour type. The service type segment is further divided into transportation, travel accommodation, vacation packages, and other service types. The booking type segment is divided into online travel agencies, direct travel suppliers, and platform. The platform segment is divided into desktop, mobile, and tablet. The tour type segment is divided into tour group, package traveler, and independent traveler. The key players in the market include Cleartrip, Yatra, Booking.com, MakeMyTrip, ixigo, EaseMyTrip, Thomas Cook Ltd, Oyo Rooms, Expedia, Cox & Kings Ltd, and Via.com. The Indian online travel market is a rapidly growing market mainly due to the growing popularity of the internet and penetration of travel services among the Indian consumer base. The market is estimated to grow from $48.4 billion in 2022 to $127.7 billion by 2027, exhibiting a CAGR of 19.4% during the forecast period. Source: Mordor Intelligence Recent developments include: August 2023: Skyscanner launched its Hindi language experience across all its products and services to penetrate deeper into the Indian market. Skyscanner acts as a one-stop solution for travelers looking to compare ticket fares, hotel tariffs, and intra-city commutes by curating data from its partner Online Travel Agent (OTA) sites., August 2023: MakeMyTrip long with the Ministry of tourism has launched a unique Travellers' Map of India that showcases 600 plus destinations beyond the popular travel spots in the country.. Key drivers for this market are: Demand for Winter Sports and Outdoor Recreation. Potential restraints include: Unpredictable Weather Conditions. Notable trends are: Growth of the Tourism Industry in India is Driving the Market.
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The India online travel market, valued at ₹17.24 billion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 10.50% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing internet and smartphone penetration across India, coupled with a burgeoning middle class possessing greater disposable income, significantly boosts online travel booking. Furthermore, the rising preference for convenient and cost-effective travel planning through online platforms contributes substantially to market growth. The market is segmented by service type (transportation, accommodation, packages, others), booking type (online travel agencies (OTAs), direct suppliers), platform (desktop, mobile), and tour type (group tours, packaged travel). The dominance of OTAs like MakeMyTrip, Yatra, and Cleartrip, alongside global players such as Booking.com and Expedia, underscores the market's competitiveness. However, challenges remain, including concerns around data security and the need for enhanced customer service to address potential issues encountered during online bookings. Future growth will likely be influenced by factors such as infrastructure development impacting travel accessibility, evolving consumer preferences towards sustainable tourism, and the introduction of innovative technologies like AI-powered travel planning tools. The competitive landscape is dynamic, with established players facing increasing competition from new entrants and niche players catering to specific travel segments. The mobile platform is expected to witness substantial growth due to rising smartphone usage. Growth in the packaged travel segment will be driven by the increasing demand for convenient and all-inclusive travel solutions. The continued investment in technological advancements by online travel companies will enhance user experience and drive market expansion. Addressing concerns about cybersecurity and customer service will be crucial for sustaining the market's positive trajectory. Government initiatives promoting tourism will play a significant role in shaping future growth within the online travel sector in India. While precise market share figures for individual companies are unavailable, the data suggests a strong competitive landscape with established and emerging players vying for market dominance. Recent developments include: August 2023: Skyscanner launched its Hindi language experience across all its products and services to penetrate deeper into the Indian market. Skyscanner acts as a one-stop solution for travelers looking to compare ticket fares, hotel tariffs, and intra-city commutes by curating data from its partner Online Travel Agent (OTA) sites., August 2023: MakeMyTrip long with the Ministry of tourism has launched a unique Travellers' Map of India that showcases 600 plus destinations beyond the popular travel spots in the country.. Notable trends are: Growth of the Tourism Industry in India is Driving the Market.
According to a survey by Rakuten Insight on online travel agencies (OTA) conducted in June 2023, 54 percent of Indian respondents between 45 and 54 years had used an online travel agency. In the age group 16 to 24 years, only ** percent of respondents had used an OTA and ** percent had never heard of OTAs before. Online travel agencies are online platforms like Agoda, Skyscanner, Booking.com, or TripAdvisor that offer a wide range of tourism services.
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India Travel & Tourism Market was valued at USD 19.44 billion in 2024 and is anticipated to grow USD 31.21 billion by 2030 with a CAGR of 8.27% during forecast period.
Pages | 81 |
Market Size | 2024: USD 19.44 Billion |
Forecast Market Size | 2030: USD 31.21 Billion |
CAGR | 2025-2030: 8.27% |
Fastest Growing Segment | Online |
Largest Market | North |
Key Players | 1. Thomas Cook (India) Ltd. 2. Country Holidays Inn and Suites Pvt. Ltd 3. Yatra Online Limited 4. Riya Travel and Tours Pvt. Ltd. 5. Cox & Kings Limited 6. Cleartrip Private Limited 7. Indian Railway Catering and Tourism Corporation Ltd. 8. Makemytrip (India) Private Limited 9. Le Travenues Technology Limited (“ixigo”) 10. SOTC Travel Limited |
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The India Online Travel market is anticipated to grow at 21.16% CAGR from 2023 to 2028.
According to a survey by Rakuten Insight on online travel agencies (OTA) conducted in June 2023, ** percent of Indian women had used an online travel agency. In comparison, ** percent of Indian men had used an OTA before. The share of women who had not yet heard about OTAs was likewise lower than the share of men. Online travel agencies are online platforms like Agoda, Skyscanner, Booking.com, or TripAdvisor that offer a wide range of tourism services.
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India's outbound tourism market is projected to reach US$ 18817.72 million in 2024 and expand at 11.4% CAGR between 2024 and 2034. The growth in the market is primarily attributed to the increasing desire of Indians, especially millennials, to visit international destinations. The market value is projected to reach US$ 55388.41 million by 2034.
Attributes | Key Statistics |
---|---|
Expected Base Year Value (2024) | US$ 18817.72 million |
Anticipated Forecast Value (2034) | US$ 55388.41 million |
Estimated Growth (2024 to 2034) | 11.40% CAGR |
Category-wise Insights
Attributes | Details |
---|---|
Booking Channel | Online Booking |
Market Share | 45.70% |
Attributes | Details |
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Tour Type | Packaged Traveller |
Market Share | 39.20% |
Online Travel Booking Platform Market Size 2025-2029
The online travel booking platform market size is forecast to increase by USD 2266.6 billion, at a CAGR of 20.6% between 2024 and 2029.
The market is experiencing significant growth, driven by the increasing use of the internet and smartphones for travel planning and booking. This digital shift is facilitated by the widespread adoption of online payment platforms, enabling seamless transactions and enhancing user convenience. However, the market is not without challenges. Disruptions in travel demand, such as those caused by geopolitical instability or health crises, pose a threat to market growth. Companies must remain agile and adapt to these uncertainties by diversifying their offerings and exploring new markets. Additionally, maintaining strong customer relationships through personalized services and competitive pricing is crucial for market success. As the market continues to evolve, players must stay informed of emerging trends and consumer preferences to capitalize on opportunities and navigate challenges effectively.
What will be the Size of the Online Travel Booking Platform Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe online travel booking market continues to evolve, driven by advancements in technology and shifting consumer preferences. Mobile apps have become a dominant force, offering convenience and ease of use for travelers on-the-go. Customer lifetime value and inventory management are key focus areas for players in this sector, with third-party providers and package deals playing essential roles in expanding offerings. Social media marketing and activity bookings are emerging trends, while destination marketing and rating systems enhance the user experience. Search functionality, churn rate, and metasearch engines are crucial components of price comparison and booking engines. Data analytics, sorting algorithms, and loyalty programs help optimize performance and retain customers.
Real-time availability, dynamic pricing, and fraud detection are essential for securing transactions in the ever-changing market. Flight bookings, car rentals, and hotel reservations are core offerings, with API integrations and visa assistance adding value. Revenue management, conversion rates, user experience, and website design are critical factors influencing customer acquisition and retention. Travel agents and tour operators are adapting to the digital landscape, while recommendation engines and user reviews shape the future of personalized travel experiences. Data privacy and security protocols are seamlessly integrated into the market's ongoing dynamics, ensuring a secure and trustworthy environment for all stakeholders.
How is this Online Travel Booking Platform Industry segmented?
The online travel booking platform industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. PlatformMobile/tabletDesktop/laptopTypePackagesDirectEnd-userLeisureBusinessMode Of BookingDirectThird-partyGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth KoreaRest of World (ROW)
By Platform Insights
The mobile/tablet segment is estimated to witness significant growth during the forecast period.The online travel booking market in the US is experiencing dynamic trends, with mobile apps emerging as a preferred choice for customers. Filtering options and search functionality enable users to find deals and packages tailored to their preferences. Customer lifetime value is a crucial metric for revenue management, while inventory management ensures real-time availability of flights, hotels, and activities. Third-party providers expand offerings, and social media marketing boosts customer engagement. Destination marketing and activity bookings cater to niche travelers, while rating systems and user reviews foster trust. Metasearch engines and price comparison tools help consumers compare deals, and email marketing maintains customer relationships. Loyalty programs and dynamic pricing offer personalized incentives. Flight bookings and car rentals are integral components, with booking engines and API integrations streamlining processes. Fraud detection and visa assistance ensure secure transactions. Cloud computing and data analytics optimize performance, while conversion rates and user experience are essential for customer acquisition. Hotel reservations and travel agents cater to various segments, and recommendation engines suggest tailored travel packages. Customer support and booking confirmation are essential for retention. Currency exchange and cancellation polic
The online travel market size is estimated to reach ** billion U.S. dollars by financial year 2027. Air travel is projected to account for ** percent of the market share by 2027. On the other hand, market share of train travel is estimated to decrease to ** percent of the total share.
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The Online Travel Agency (OTA) market is a dynamic and rapidly evolving sector, exhibiting significant growth potential. With a 2025 market size of $137,450 million and a Compound Annual Growth Rate (CAGR) of 2.9% from 2025-2033, the industry is poised for continued expansion. Key drivers include the increasing adoption of smartphones and mobile internet access, fueling the growth of mobile booking platforms. Furthermore, the rising preference for personalized travel experiences and the increasing demand for seamless booking processes are significant contributors to market growth. The market segmentation reveals a strong preference for online booking channels, reflecting the convenience and accessibility offered by digital platforms. Within applications, making reservations dominates the market, closely followed by translation services and direction guidance, underscoring the comprehensive nature of OTA services. Factors like economic fluctuations and increasing competition amongst established players like Booking Holdings, Expedia, and Ctrip, along with emerging regional players, represent potential restraints. However, continuous innovation in technology, such as AI-powered travel recommendations and personalized itineraries, is likely to counteract these challenges and further stimulate market growth. The regional distribution of the OTA market shows a strong presence across North America, Europe, and Asia-Pacific, with these regions collectively accounting for the majority of market share. The United States, United Kingdom, China, and India are key contributors to this regional dominance. However, substantial growth opportunities exist in emerging markets within South America, the Middle East & Africa, and Southeast Asia, driven by increasing disposable incomes and rising internet penetration. The forecast period (2025-2033) indicates that strategic investments in enhancing user experience, integrating advanced technologies, and expanding into untapped markets will be crucial for sustaining competitive advantage within this fiercely competitive landscape. The industry's ability to adapt to evolving consumer preferences and technological advancements will ultimately define its future success.
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The global online travel booking software market size is projected to expand from USD 10.8 billion in 2023 to USD 22.3 billion by 2032, reflecting a robust CAGR of 8.5% over the forecast period. This impressive growth can be attributed to the increasing preference for convenience, the rise in disposable income among the middle class, and technological advancements in the travel and tourism industry.
One of the primary growth factors driving the online travel booking software market is the increasing penetration of smartphones and the internet, which has revolutionized the way people plan and book their travel arrangements. The convenience of booking flights, hotels, and vacation packages online has led to a significant shift from traditional travel agency bookings to online platforms. Additionally, the proliferation of user-friendly mobile applications that allow customers to book travel at their fingertips has contributed significantly to market growth.
Another critical factor is the growing trend of personalized travel experiences, driven by the rise of artificial intelligence (AI) and machine learning (ML) technologies. These innovations enable travel booking software to offer tailored recommendations based on user preferences, past travel behavior, and real-time data, enhancing customer satisfaction and fostering repeat business. The integration of AI and ML into travel booking platforms is expected to continue driving demand for advanced software solutions in the coming years.
Furthermore, the increasing globalization and the rising aspiration for international travel among consumers in emerging economies are major growth drivers. As more people seek unique travel experiences and cross-border adventures, the demand for comprehensive online travel booking solutions that can handle multi-currency transactions, diverse travel regulations, and different languages is on the rise. This trend is particularly evident in regions such as Asia Pacific and Latin America, where a burgeoning middle class is increasingly engaging in international travel.
Online Booking Platforms have become an integral part of the travel industry, revolutionizing the way consumers interact with travel services. These platforms offer a centralized hub where users can compare prices, read reviews, and make bookings for flights, hotels, and other travel-related services. The convenience and efficiency provided by online booking platforms have led to their widespread adoption, as they allow travelers to plan their entire trip from the comfort of their homes. Additionally, the integration of secure payment gateways and customer support services enhances the user experience, making online booking platforms a preferred choice for modern travelers. As technology continues to evolve, these platforms are expected to incorporate more advanced features, such as AI-driven recommendations and virtual reality tours, further transforming the travel booking landscape.
From a regional perspective, North America and Europe currently dominate the online travel booking software market. However, the Asia Pacific region is anticipated to witness the highest growth during the forecast period, driven by rapid urbanization, increasing internet penetration, and the expansion of the tourism sector in countries such as China and India. The Middle East & Africa region is also expected to experience steady growth, fueled by rising tourism initiatives and investments in travel infrastructure. Latin America's market is projected to grow moderately, supported by an improving economy and a growing number of international tourists.
In the component segment, the market is bifurcated into software and services. The software segment holds the lion's share of the market owing to its essential role in automating travel booking processes, managing reservations, and improving overall operational efficiency. Robust software solutions offer comprehensive features such as real-time booking, inventory management, and analytics, which are crucial for travel agencies and individual users alike. With technological advancements, the software segment is expected to witness significant growth, driven by the demand for sophisticated, AI-powered solutions that enhance user experience and operational efficiency.
The services segment, although smaller in comparison to software, plays a vital role in
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The Report Covers Online Book Market Size in India and it is segmented By Platform type (Mobile application & Website) & By Mode of Booking Type (Third Party online portals & Direct/Captive portals).
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The global travel technology market size was valued at approximately USD 7.6 billion in 2023 and is projected to reach around USD 17.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period. The growth of this market is primarily driven by increased digitalization within the travel and tourism sector, enhancing customer experiences and operational efficiencies.
One of the major growth factors contributing to the travel technology market is the increasing penetration of smartphones and internet connectivity. With nearly 4.4 billion internet users globally and a significant proportion using smartphones, the need for mobile-friendly travel solutions has surged. Travel technology, encompassing mobile apps, online booking platforms, and digital payment systems, has revolutionized how consumers plan, book, and experience travel, making it more convenient and personalized. Additionally, advancements in artificial intelligence (AI) and machine learning have enabled travel providers to offer customized recommendations, thus boosting user engagement and satisfaction.
Another substantial growth factor is the rising demand for contactless and seamless travel experiences, especially in the post-pandemic era. The COVID-19 pandemic has accelerated the adoption of digital and contactless technologies in the travel industry. Technologies such as contactless payments, digital check-ins, and biometric verification systems have become more prevalent, addressing health and safety concerns while enhancing the overall travel experience. Moreover, the integration of Internet of Things (IoT) technologies in travel infrastructure has improved operational efficiencies and provided real-time data analytics, further propelling market growth.
Additionally, growing investments in travel technology startups and innovations are significantly driving market growth. Venture capital firms and private investors are increasingly funding travel tech companies to develop innovative solutions that cater to evolving consumer demands. These investments are facilitating the development of new technologies such as blockchain for secure transactions, virtual reality (VR) for immersive travel experiences, and robust data analytics for better decision-making. The influx of capital is fostering a competitive environment, encouraging continuous innovation and enabling companies to scale their operations rapidly.
Online Travel Agencies IT Spending has become a pivotal aspect of the travel technology landscape, as these agencies increasingly rely on advanced IT solutions to enhance their service offerings and streamline operations. With the growing demand for personalized and seamless travel experiences, online travel agencies are investing heavily in IT infrastructure to support sophisticated booking platforms, customer relationship management systems, and data analytics tools. These investments are not only improving operational efficiencies but also enabling agencies to offer tailored travel packages and real-time updates to travelers. As competition intensifies, the ability to leverage cutting-edge technology becomes crucial for online travel agencies to differentiate themselves and capture a larger market share.
From a regional perspective, North America holds a significant share of the travel technology market, attributed to the early adoption of advanced technologies and the presence of established market players. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. This growth is driven by increasing disposable incomes, rising middle-class population, and the rapid expansion of the tourism industry in countries like China, India, and Southeast Asian nations. Moreover, government initiatives to promote digitalization and smart tourism are further supporting market growth in this region.
The travel technology market is segmented into three main components: software, hardware, and services. Each of these components plays a crucial role in the functionality and growth of travel technology solutions, catering to different needs within the industry. The software segment is a major contributor to the market, encompassing various applications and platforms designed to simplify and enhance travel management. These include booking systems, customer relationship management (CRM) software, and travel management systems. The continuous adv
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The India travel accommodation market, valued at $8.12 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.25% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning middle class with increased disposable income is a significant factor, leading to a rise in domestic and international tourism. Furthermore, improved infrastructure, including enhanced transportation networks and airport connectivity, facilitates easier access to various destinations within India. The increasing adoption of online travel agencies (OTAs) and mobile booking platforms simplifies the booking process, contributing to market growth. Government initiatives promoting tourism and the rising popularity of experiential travel further enhance the sector's appeal. While the market faces challenges such as seasonality in tourist flow and potential infrastructure limitations in certain regions, the overall outlook remains positive. The market segmentation reveals a significant contribution from mobile applications, reflecting the widespread smartphone penetration in India. Third-party online portals dominate the booking mode, indicating the preference for comparison and convenience. Key players like MakeMyTrip, Booking.com, IRCTC, and OYO Rooms actively compete, leveraging technological advancements and strategic partnerships to capture market share. The forecast period (2025-2033) suggests continued growth driven by factors such as the expansion of the tourism industry, increasing adoption of digital technologies, and the growing preference for convenient and cost-effective accommodation options. Regional variations in market growth are anticipated, with potential for higher growth in emerging tourist destinations. The sustained focus on enhancing tourist experience and infrastructure development will be crucial in shaping the future trajectory of the India travel accommodation market. Recent developments include: February 2024: India’s biggest online travel tech platform, EaseMyTrip, opened its first offline retail outlet in the state of Madhya Pradesh, Indore. This is the 10th offline store launched under the brand's franchise model, which is a testament to its commitment to efficiently serving its customers online and offline. The new offline store is aimed at reaching out to its offline customers who are looking for a personalized meet-and-greet experience., February 2024: India’s top travel tech platform, EaseMyTrip, formed a strategic alliance with Zaggle Prepaid Ocean Services Limited, a software-as-a-service (SaaS) FinTech player that offers spend management products and services to enterprises, to provide integrated travel and expense management., May 2023: Microsoft partnered with MakeMyTrip to introduce voice-assisted booking for travel planning in Indian languages. The new in-platform technology stack, powered by Microsoft’s OpenAI Service & Azure’s Cognitive Services, will interact with the user and provide customized travel recommendations based on the user’s preferences, organize holiday packages according to variable inputs (e.g., event, budget, activities, preferences, travel time, etc.) and even help to book those holiday packages.. Key drivers for this market are: Rise in the Number of Travel Bloggers Is Promoting Tourism Driving the Market's Growth, Rising Number of Hotels, Resorts, and Airbnb Options for Consumers Driving the Market's Growth. Potential restraints include: Rise in the Number of Travel Bloggers Is Promoting Tourism Driving the Market's Growth, Rising Number of Hotels, Resorts, and Airbnb Options for Consumers Driving the Market's Growth. Notable trends are: Rising Growth of Digital Payments Is Boosting the Growth of the Market.
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Market Overview The India travel accommodation market is projected to reach US$ 8.12 million by 2033, exhibiting a CAGR of 10.25% during the forecast period 2025-2033. Key market drivers include rising disposable income, increased travel frequency, the emergence of online booking platforms, and government initiatives to promote tourism. The growing popularity of budget-friendly accommodations, such as hostels and homestays, is also contributing to market growth. Industry Trends and Restrains Significant trends shaping the market include the adoption of mobile booking applications, the rise of experiential travel, and the increased use of artificial intelligence for personalized recommendations. However, industry growth is also affected by certain restraints, such as seasonal fluctuations in demand, limited hotel infrastructure in certain regions, and regulatory restrictions on foreign ownership. Key industry players include Cleartrip, Trivago, Booking.com, EaseMyTrip.com, and OYO Rooms. The market is segmented based on platform (mobile application, website), mode of booking (third-party online portals, direct/captive portals), and region (India). Recent developments include: February 2024: India’s biggest online travel tech platform, EaseMyTrip, opened its first offline retail outlet in the state of Madhya Pradesh, Indore. This is the 10th offline store launched under the brand's franchise model, which is a testament to its commitment to efficiently serving its customers online and offline. The new offline store is aimed at reaching out to its offline customers who are looking for a personalized meet-and-greet experience., February 2024: India’s top travel tech platform, EaseMyTrip, formed a strategic alliance with Zaggle Prepaid Ocean Services Limited, a software-as-a-service (SaaS) FinTech player that offers spend management products and services to enterprises, to provide integrated travel and expense management., May 2023: Microsoft partnered with MakeMyTrip to introduce voice-assisted booking for travel planning in Indian languages. The new in-platform technology stack, powered by Microsoft’s OpenAI Service & Azure’s Cognitive Services, will interact with the user and provide customized travel recommendations based on the user’s preferences, organize holiday packages according to variable inputs (e.g., event, budget, activities, preferences, travel time, etc.) and even help to book those holiday packages.. Key drivers for this market are: Rise in the Number of Travel Bloggers Is Promoting Tourism Driving the Market's Growth, Rising Number of Hotels, Resorts, and Airbnb Options for Consumers Driving the Market's Growth. Potential restraints include: Difficulty in Handling Customer Queries and Cancellation Policies, High Convenience Fees Impacting the Market's Growth. Notable trends are: Rising Growth of Digital Payments Is Boosting the Growth of the Market.
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Market Overview The Indian wellness tourism market holds significant growth potential, boasting a market size of 19.43 million and a CAGR of 6.45%. Fueled by rising health consciousness, disposable incomes, and a growing emphasis on holistic well-being, the market is expected to reach new heights by 2033. Key drivers include the burgeoning medical tourism industry and government initiatives promoting wellness. Market Segments and Trends The market is segmented based on service type, location, and traveler type. Lodging, food and beverage, and activities and excursions are prominent service categories. Domestic wellness tourism accounts for the majority of the market share, while international wellness tourism is gaining traction. Primary wellness travel, where individuals travel specifically for wellness purposes, is the dominant traveler type. Emerging trends include the integration of advanced technologies such as wearable devices and the personalization of wellness experiences to meet individual needs. Recent developments include: August 2022: Ananda in the Himalayas completed the final stage of its three-year renovation. This will help them keep themselves updated and give a good standard of service. This will help the company better cater to its customers and gain market share., August 2021: Carnoustie Group partnered with South City Ayurvedic Wellness Center to launch Inr 100 Crore luxury Ayurvedic and ancient Indian wellness center on the outskirts of Kolkata. The project is just 16 km from Science City to Sunderbans.. Key drivers for this market are: Increase in the online travel agencies in Russia, Due to factors including digital trends and technical improvements, the online booking industry is undergoing significant transformation. Potential restraints include: Booking Cancellation. Notable trends are: The Tourism Expenditure in India is Growing.
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India Online Travel Market Report is Segmented by Service Type (Air Ticket Booking, and More), by Booking Device (Desktop / Laptop and Mobile), by Business Model (Online Travel Agencies, Direct Supplier Online Platforms, and More), by Traveler Type (Leisure, and More), by Age Group (18–30 Years, and More), by Payment Mode (Credit / Debit Cards and More), by City Tier (North India, South India, and More).