Online Travel Services Market in India (2018-2023) with data on Product Segments (Railway Tickets, Hotel Booking, Air Travel, Tour Packages) and Company information (MakeMyTrip, Yatra, Others)

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  • Online travel services market

    Consumers in general avail both online and offline sources of information for booking their journeys, among which ~12% of the consumers prefer to use offline sources for research, ~57% believe that the online channels give them better deals and find it more convenient to book online. With the advent of internet and emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing number of Indians have turned to the convenience of the web for better travel prices and accommodations.

    As smartphones have progressively become ubiquitous, mobile applications have emerged as the most critical point of interaction with consumers for any travel business, and a number of niche offerings such as medical tourism and eco-tourism are expected to create more demand for travelling. Several hotel chains and airlines are focusing on generating direct hotel bookings through their own websites and mobile applications.


    Market segmentation

    The online travel services market in India is segmented by category into railway tickets, hotel bookings and others (air, tour packages). Air tour package segment is expected to be the largest growing segment due to the availability of greater number of deals, offers and many more. In case of air travel, the flight tickets are more expensive, and hence revenue generation is more from air tickets.

    Key growth factors

    o Mobile applications have brought the most significant reform in travel, which have enabled the entire user experience to be available on the go. On an average, the consumers spend many hours on different online websites to plan, research and make a booking for vacations. Travellers have started opting for numerous shorter holidays throughout the year which in turn is driving the sales of various travel products and services.

    o Government has taken up several projects pertaining to the development of roads, railways and airports, which is likely to boost tourism. Several measures have been taken to curb frauds in the digital platform by introducing safer avenues and gateways for making payments.

    Threats and key players

    o People in India still use 3G or even slower networks, which result in people taking the traditional routes to book tickets

    o The internet penetration in the rural areas is low.

    o Middle-aged and elderly people are reluctant to opt for online travel bookings due to technological involvement, which becomes very inconvenient for them, and hence, they opt for offline modes for booking tickets.

    o Cox & Kings Limited, International Travel House Limited, Thomas Cook (India) Limited Cleartrip Private Limited, Expedia Corporate Travel Online India Private Limited, Ibibo Group Private Limited, MakeMyTrip (India) Private Limited, Oravel Stays Private Limited RedBus.in and Yatra Online Private Limited are some of the major players operating in the Indian online travel services market.

    What is covered in the report

    1. Overview of the online travel services market in India

    2. Historical, current and forecasted market size data for the Indian online travel services market (2016 to 2023)

    3. Qualitative analysis of the Indian online travel services market and its segments (by category- railway tickets, hotel booking and others)

    4. Qualitative analysis of the major drivers and challenges affecting the market

    5. Analysis of the competitive landscape and profiles of major players operating in the market

    6. Key recent developments associated with the online travel services market in India

    Why buy

    1. Get a broad understanding of the online travel services market in India, the dynamics of the market and current state of the sector

    2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market

    3. Be informed regarding the key developments in the online travel services market in India

    4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

    Customizations Available

    With the given market data, Netscribes offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com.

     

  • With tables and figures helping analyze worldwide Online Travel Services market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1: Executive summary
    Chapter 2: Socio-economic indicators
    Chapter 3: Introduction
    3.1. Online travel services market definition and structure
    Chapter 4: Online travel services market in India
    4.1. India online travel services market overview
    4.2. India online travel services market size and growth forecast - value-wise
    4.3. Porter’s five forces analysis
    Chapter 5: Online travel services market in India - segmentation
    5.1. Product-wise
    o Railway tickets
    o Hotel booking
    o Others (air, tour packages)
    Chapter 6: Key growth drivers of the market
    Chapter 7: Key deterrents to the growth of the market
    Chapter 8: Competitive landscape
    8.1. Comparative Analysis
    8.2. Cox & Kings Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    8.3. International Travel House Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    8.4. Thomas Cook (India) Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    o Financial snapshot (total income, net profit/loss)
    o Key ratios
    o Business segments, geographical segments
    8.5. Cleartrip Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.6. Expedia Corporate Travel Online India Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.7. Ibibo Group Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.8. MakeMyTrip (India) Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.9. Oravel Stays Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.10. RedBus.in
    o Corporate information
    o Business description
    o Products and services
    o Key people
    8.11. Yatra Online Private Limited
    o Corporate information
    o Business description
    o Products and services
    o Key people
    Chapter 9: Recent developments
    Chapter 10: Appendix
    Please note that due to the dynamic nature of the market, we believe in frequent updation to ensure that we provide the latest figures and relevant insights. Therefore, this table of contents is subject to change as the research progresses. The final report may require 4-5 working days post-confirmation in order to incorporate the most recent updates.

     

  • The Online Travel Services Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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