Asia Pacific Online Travel Booking Service Market Size & Outlook
The online travel booking service market in Asia Pacific is expected to reach a projected revenue of US$ 324,143.4 million by 2030. A compound annual growth rate of 9.8% is expected of Asia Pacific online travel booking service market from 2022 to 2030.
Revenue, 2021 (US$M)
$140,232.4
Forecast, 2030 (US$M)
$324,143.4
CAGR, 2022 - 2030
9.8%
Report Coverage
Asia Pacific
Asia Pacific online travel booking service market, 2017-2030 (US$M)
Related Markets
Asia Pacific online travel booking service market highlights
- The Asia Pacific online travel booking service market generated a revenue of USD 140,232.4 million in 2021.
- The market is expected to grow at a CAGR of 9.8% from 2022 to 2030.
- In terms of segment, transportation booking was the largest revenue generating service type in 2021.
- Accommodation Booking is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 140,232.4 million |
| Market revenue in 2030 | USD 324,143.4 million |
| Growth rate | 9.8% (CAGR from 2021 to 2030) |
| Largest segment | Transportation booking |
| Fastest growing segment | Accommodation Booking |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vacation Packages, Accommodation Booking, Transportation Booking |
| Key market players worldwide | Airbnb Inc Ordinary Shares - Class A, Expedia Group Inc, Booking Holdings Inc, Tripadvisor Inc, Trip.com Group Ltd, MakeMyTrip Ltd, Hostelworld Group PLC, Trivago NV ADR, Despegar.com Corp, Lastminute.com NV |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 27.0% of the global online travel booking service market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 324,143.4 million by 2030.
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Online Travel Booking Service Market Scope
Online travel booking service market segmentation & scope
Online Travel Booking Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific online travel booking service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to online travel booking service market will help companies and investors design strategic landscapes.
Transportation booking was the largest segment with a revenue share of 52.1% in 2021. Horizon Databook has segmented the Asia Pacific online travel booking service market based on vacation packages, accommodation booking, transportation booking covering the revenue growth of each sub-segment from 2017 to 2030.
- Asia Pacific Online Travel Booking Service Service Type Outlook (Revenue, USD Million, 2017-2030)
- Vacation Packages
- Accommodation Booking
- Transportation Booking
- Others
- Asia Pacific Online Travel Booking Service Booking Method Outlook (Revenue, USD Million, 2017-2030)
- Online Booking
- Direct Travel Agency
- Asia Pacific Online Travel Booking Service Device Outlook (Revenue, USD Million, 2017-2030)
- Desktop
- Mobile
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Target buyers of Asia Pacific online travel booking service market databook
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Our clientele includes a mix of online travel booking service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific online travel booking service market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific online travel booking service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific online travel booking service market report size, by country, 2017-2030 (US$M)
Asia Pacific Online Travel Booking Service Market Outlook Share, 2021 & 2030 (US$M)
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