Mobile Travel Booking Market By Application (Vacation Packages, Accommodation Booking, Transportation Booking, Others), By Payment Mode (Debit/Credit Card, UPI, E-Wallets, Others), By Tourism Type (Domestic, International): Global Opportunity Analysis and Industry Forecast, 2021-2031
Mobile travel booking refers to the process of booking travel-related services, such as flights, hotels, car rentals, and activities, using a mobile device, such as a smartphone or tablet. This method of booking travel has become increasingly popular as more people use mobile devices to access the internet and manage their travel plans on the go. Mobile travel booking can be done through dedicated travel booking apps or through mobile-optimized versions of travel booking websites. This allows travelers to book and manage their travel arrangements from anywhere at any time, making the process more convenient and flexible.
Rise in disposable income and middle-class population is a key driver for the growth of mobile travel booking market. As more people have access to disposable income, they are more likely to spend it on travel and tourism, leading to an increase in demand for travel-related services. Moreover, the growth of the middle-class population in terms of disposable income has led to an increase in the number of people who can afford to travel. This has led to a surge in travel bookings, with more people using online booking platforms, including mobile travel booking apps and mobile-optimized websites, to plan and book their trips. In addition, growth in global travel and tourism industry and increase in penetration of smartphones & internet connectivity are major driving factors for the market growth. However, lack of trust in mobile travel booking platforms is a major factor that hampers the growth of the market as many travelers are hesitant to book travel through mobile devices due to concerns about the security of their personal and financial information, as well as other issues such as inaccurate information, hidden fees, and poor customer service. Contrarily, rise in awareness among consumers pertaining to mobile travel booking applications is likely to continue in the coming years. With the increase in popularity of smartphones and mobile devices, more consumers have become aware of the convenience and flexibility offered by mobile travel booking applications, which is expected to provide an opportunity to scale up mobile travel booking market during the forecast period.
The mobile travel booking market is segmented on the basis of application, payment mode, tourism type, and region. By application, the market is classified into vacation packages, accommodation booking, transportation booking, and others. By payment mode, it is categorized into debit/credit card, UPI, e-wallets, and others. On the basis of tourism type, it is bifurcated into domestic and international. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the mobile travel booking market such as Airbnb, Inc., Booking.com, Cleartrip Pvt. Ltd., Expedia, Inc., Hostelworld.com Limited, Laterooms, MAKEMYTRIP PVT. LTD., Skyscanner Ltd, Trip.com and Tripadvisor. These players have adopted various strategies such as partnership, product launch, and acquisition to increase their market penetration and strengthen their position in the mobile travel booking industry.
Key Market SegmentsBy ApplicationVacation Packages
Accommodation Booking
Transportation Booking
Others
By Payment ModeDebit/Credit Card
UPI
E-Wallets
Others
By Tourism TypeDomestic
International
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Airbnb, Inc.
Booking.com
Cleartrip Pvt. Ltd.
Hostelworld.com Limited
Laterooms
Expedia, inc.
MAKEMYTRIP PVT. LTD.
Skyscanner Ltd
TripAdvisor LLC
Trip.com
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