Market Summary
Research Methodology on Online Travel Market
1. Introduction:
The published Market Research Future report on Online Travel Market provides a comprehensive outline of the market and a detailed study of the dynamics of the market. This report primarily focuses on the key market drivers and potential restraints enabling a thorough understanding of the Online Travel market. Market Research Future (MRFR) has conducted in-depth research to provide an in-depth analysis of the key market players, market components, and competitive landscape, thus helping investors and industry experts to better understand the Online Travel market.
2. Research Philosophy:
The research approach taken for this report is qualitative and quantitative detailing the current and expected market size and growth over the forecast period (2023-2030). The research philosophy applied by MRFR is based on the primary research method wherein primary data is collected through the interviews and surveys conducted by our primary and secondary research analysts, along with industry experts. The primary markets are further segmented into regional and international markets in terms of their lifecycle, size and attractiveness. The secondary research methodology deals with the data gathering done through library databases, search engines, and other paid sources. The methodology used also includes Porter’s Five Forces Analysis to gain an in-depth understanding of the market dynamics.
3. Research Objectives:
The objectives of this report are as follows:
- To analyze the Online Travel market based on market size, historic growth, present and expected market growth outlook over the forecast period, market dynamics and forecasts from 2023-2030.
- Assessment of the current and future market dynamics of the Online Travel market
- To identify the key drivers and restraints that are impacting the growth of the Online Travel market
- To provide an understanding of the competitive landscape and the major participants’ revenue share in the market
- Assessment of the present and future revenue streams and forecast of the market
- Evaluate the key opportunities that might drive the market in future
4. Research Scope
The scope of the research report on the Online Travel Market consists of data from different regions including North America, Europe, Asia-Pacific and Latin America. The report is based on insights gathered from industry experts, magazines, newspapers, white papers, surveys and interviews of key professionals in industries from across the globe.
5. Research Method:
MRF has conducted a comprehensive multi-level, multi-criteria market research project to gather data on the Online Travel market. All research data was collected and then analyzed using a combination of secondary and primary research techniques.
For the secondary research, the following sources were used:
- Our Global Database
- Journals and White Papers
- MRFR's own search engine and trade portals
- Surveys and interviews of key professionals in the industries
- SEC filings, annual reports, current market reports and news items
For the primary research, MRFR conducted interviews and surveys with industry practitioners in both developed and emerging economies. Our interviews quickly revealed the trends in the industry and areas for potential investment and growth.
6. Data Analysis and Modelling:
The data gathered from primary and secondary sources is analyzed and used for systematic evaluation. The data is then used for the creation of financial models to analyze the market size, market trends and potential growth opportunities.
The model used for this study is the five-force model which identifies the five key forces shaping the industry. The model is used to identify the value chain of the industry’s stakeholders and how they work together to create value.
MRFR also employed Porter’s Diamond model to analyze the Online Travel market’s competitive landscape in order to gain an in-depth understanding of the market dynamics and the key players in the industry.
7. Report Summary:
The MRFR’s research report on the Online Travel market provides an in-depth analysis of the market based on primary and secondary market research. The report assesses the current and future market dynamics of the Online Travel market, thus helping investors and industry experts to identify potential growth opportunities and make informed business decisions.
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 599.27 billion |
Market Size 2024 | USD 658.38 billion |
Market Size 2032 | USD 955.41 billion |
Compound Annual Growth Rate (CAGR) | 4.8% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2018 & 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Platform Type, Mode of Booking, Service Type, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Expedia Inc (US), Booking Holdings Inc (US), TripAdvisor Inc. (US), FlixMobility GmbH (Germany), Ryanair DAC (Ireland), Thomas Cook Group PLC (UK), MakeMyTrip (India) Pvt Ltd (India), Alibaba Group Holding Limited (China), Airbnb Inc (US), eDreams ODIGEO SA (Luxembourg) |
Key Market Opportunities | Technological advancements and the emergence of new travel destinations present enormous investment opportunities |
Key Market Dynamics | Growing inclination toward adventure travel across the globe Increasing governments initiatives to promote tourism |
Major Players
Online Travel Market Segmentation
Online Travel Platform Type Outlook (USD Million, 2018-2030)
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Mobile/Tablets Based
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Desktop Based
Online Travel Mode of Booking Outlook (USD Million, 2018-2030)
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Online Travel Agencies
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Direct Travel Facilitators
Online Travel Service Type Outlook (USD Million, 2018-2030)
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Transportation
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Accommodation
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Vacation Packages
Online Travel Regional Outlook (USD Million, 2018-2030)
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North America Outlook (USD Million, 2018-2030)
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North America Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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North America Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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North America Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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US Outlook (USD Million, 2018-2030)
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US Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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US Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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US Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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CANADA Outlook (USD Million, 2018-2030)
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CANADA Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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CANADA Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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CANADA Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Europe Outlook (USD Million, 2018-2030)
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Europe Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Europe Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Europe Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Germany Outlook (USD Million, 2018-2030)
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Germany Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Germany Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Germany Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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France Outlook (USD Million, 2018-2030)
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France Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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France Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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France Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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UK Outlook (USD Million, 2018-2030)
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UK Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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UK Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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UK Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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ITALY Outlook (USD Million, 2018-2030)
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ITALY Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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ITALY Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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ITALY Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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SPAIN Outlook (USD Million, 2018-2030)
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Spain Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Spain Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Spain Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Rest Of Europe Outlook (USD Million, 2018-2030)
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Rest Of Europe Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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REST OF EUROPE Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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REST OF EUROPE Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Asia-Pacific Outlook (USD Million, 2018-2030)
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Asia-Pacific Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Asia-Pacific Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Asia-Pacific Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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China Outlook (USD Million, 2018-2030)
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China Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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China Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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China Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Japan Outlook (USD Million, 2018-2030)
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Japan Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Japan Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Japan Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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India Outlook (USD Million, 2018-2030)
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India Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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India Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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India Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Australia Outlook (USD Million, 2018-2030)
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Australia Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Australia Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Australia Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
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Rest of Asia-Pacific Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Rest of Asia-Pacific Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Rest of Asia-Pacific Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Rest of the World Outlook (USD Million, 2018-2030)
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Rest of the World Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Rest of the World Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Rest of the World Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Middle East Outlook (USD Million, 2018-2030)
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Middle East Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Middle East Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Middle East Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Africa Outlook (USD Million, 2018-2030)
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Africa Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Africa Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Africa Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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Latin America Outlook (USD Million, 2018-2030)
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Latin America Online Travel by Platform Type
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Mobile/Tablets Based
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Desktop Based
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Latin America Online Travel by Mode of Booking
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Online Travel Agencies
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Direct Travel Facilitators
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Latin America Online Travel by Service Type
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Transportation
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Accommodation
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Vacation Packages
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