(Entertainment-NewsWire.com, July 08, 2021 ) Global Online Accommodation Booking market is expected to grow steadily in near future by growing its share in the overall lodging market. The online accommodation booking market is presently controlled by several online intermediaries including online travel agencies (OTAs). The world's top two online travel agencies, Expedia Group Inc., and Booking Holdings Inc. together accounted for nearly 1 trillion room nights booked in the year 2017, as per the company data. Direct suppliers, like hotels, are recognizing the need to rack up their loyalty programs & highlight experiences in order to respond to the online travel agency threat.
A complete background analysis of the Global Online Accommodation Booking Market includes an assessment of the national accounts, and emerging market trends by segments, significant changes in the market dynamics as well as market overview is covered in the global online accommodation booking market report.
The spread of COVID-19 brought some changes in the online accommodation booking market players distribution. The growing COVID-19 outbreak is expected to hamper the growth of global online accommodation booking market, due to the travel restrictions and lockdowns.
Various key players are listed in Global Online Accommodation Booking Market report including Expedia Group, Trip.com Group Ltd., Airbnb Inc., Booking Holdings Inc, Tripadvisor Inc., Traveloka Indonesia PT, Oravel Stays Pvt Ltd, HRS GmbH, Hotelbeds Group SL, Hostelworld Group, etc.
By Mode of Booking • Third party online portals • Direct / captive portals
By Region • North America • Latin America • Europe • Asia Pacific • Middle East & Africa
The Global Online Accommodation Booking Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.The APAC region possesses the highest growth potential in the overall online accommodation booking market share India & China being the most lucrative markets. The growth is attributed to the rise in disposable income, the increase in middle-class segment, and greater penetration of internet facilities in this region.