Floating Solar Market Research Report: Forecast (2024-2030)

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Global Online Travel Booking Service Market
Research Report Forecast (2024-2030)
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• MarkNtel Advisors is a leading research,
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• We specialize in niche industries and emerging
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Our Mision

• Our team entails professional analysts and
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Market Insights

• The Global Online Travel Booking Service Market
  size is estimated to grow at a CAGR of around
  11.70 during the forecast period, i.e., 2024-30.
  The factors that can be attributed to the growth
  of online travel booking services have been the
  increase in tourism across the globe mainly in
  the Middle East, North America Europe.
  According to the World Tourism Organization, in
  2021, Europe welcomed around 304.8 million
  tourists, an increase of approximately 27 as
  compared to 2020.

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Global Online Travel Booking Service Market
Challenge
Technical Glitches in the Travel Booking
Applications Posing Challenges Online Travel
market platforms such as Trivago, Goibibo, etc.,
are made up of complex systems, software, and
hardware interacting, which interact with the
users. Therefore, with a sudden surge in traffic
during the holiday or peak booking season, the
servers become overloaded, slowing down the
system and resulting in technical glitches. For
instance, in 2022, MYAirline, a flight booking
application, faced technical glitches due to high
traffic on their website mobile application.
These technical glitches, downtime, or system
failures lead to issues with bookings, payment
processing, or access to information.
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Market Segmentation of the Industry

• By Type (Vacation Package, Transportation
  Airline, Trains, Buses, Cabs, Accommodation
  Hotel, Hostel Resorts, Vacation Rentals,
  Others (Camping Recreation Vehicle, Timeshare
  Rentals, etc.), Others Travel Insurance
  Booking, Event Attraction Booking, etc.), By
  Booking Method (Direct Online Booking, Online
  Travel Agencies OTAs), By Platform (Third Party
  Online Portals Mobile Application, Websites,
  Direct Portals Mobile Application, Websites),
  By End Users (Leisure Travelers, Business
  Travelers, Medical and Wellness Travelers), By
  Age Group (Generation Z Age 18-24, Millennials
  Ages 25-40, Generation X Ages 41-56, Baby
  Boomers Ages 57-75, By Region (North America,
  South America, Europe, The Middle East Africa,
  Asia-Pacific), By Company (Airbnb Inc., Expedia
  Inc., Booking Holdings Inc., Trip Advisor LLC,
  Trip.com Travel Singapore Pte. Ltd., Makemytrip
  Pvt Ltd., Hostelworld.com Limited, Trivago N.V.,
  Despegar.com, Corp., Lastminute.com NV,
  Traveloka, CorporateFlights.com, Cleartrip Pvt.
  Ltd., Thomas Cook Ltd., KoreaTravelEasy Inc.,
  OthersYatra Online Limited, Fareportal, etc.)

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Competitive Benchmarking
Airbnb Inc., Expedia Inc., Booking Holdings Inc.,
Trip Advisor LLC, Trip.com Travel Singapore Pte.
Ltd., Makemytrip Pvt Ltd., Hostelworld.com
Limited, Trivago N.V., Despegar.com, Corp.,
Lastminute.com NV, Traveloka, CorporateFlights.com
, Cleartrip Pvt. Ltd., Thomas Cook Ltd.,
KoreaTravelEasy Inc., Others(Yatra Online
Limited, Fareportal, etc.)
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Things
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MarkNtel Advisors is a leading research,
consulting, data analytics firm that provides
an extensive range of strategic reports on
diverse industry verticals. We deliver data to a
substantial varied client base, including
multinational corporations, financial
institutions, governments, individuals, among
others.
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