Monday, 27 February 2023 09:00 AM
Company Update
NEWARK, DE / ACCESSWIRE / February 27, 2023 / The global mobile travel market is worth US$ 343.3 Million as of now and is expected to reach US$ 1.48 Billion by the year 2033 at a robust CAGR of 15.8% between 2023 and 2033.
The 21st century has witnessed an alteration in societal dynamics like never before. With smartphones being an indispensable part of lives, the travel & tourism sector is slated to witness exponentiation going forward.
Present-day smartphones are abreast with various user-friendly, essential applications enabling travel. Paper maps are a thing of the past. Travelers are more into using mobile devices equipped with GPS; which helps in precise navigation. As such, booking a hotel, trip, or car is comfortable and simple as smartphones let users browse through the information within no time.
Request a sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3014
Travel agencies are also modifying their marketing communications along with implementation of technological advancements. Almost all airline businesses and hotels have integrated their services into a smart app for capitalizing on the rapidly expanding travel and tourism sector.
Lower data charges are one of the factors influencing the mobile travel market. In the last few years, the mobile travel landscape did undergo a major overhaul due to budget-friendly and easy-to-use smartphones.
Mobiles have also helped in apprising people about the tourist destinations unknown till date. Various public and private partners have also come up with tourism promotion activities, which is fostering the mobile travel market. MakeMyTrip has confirmed that a sizable percentage of the flights was booked in the last few years using smartphones.
Those travelling for healthcare and businesses run short of time when it comes to visiting the offices physically to get a booking. As such, the geo-localized mobile applications come to the rescue. They signify tedious and complex processes and render the much-required relief. These apps also help in averting rigid, long registration procedures for reducing efforts and time involved. Another advantage is that of certain apps offering travel insurance along with the tickets. Bulk booking helps in availing discounts as well.
At the same time, the fact that various terrorist attacks have plundered travel and tourism industry at the global scale. The tourists also give a second through regarding these tourist destinations. This factor may restrain the mobile travel market in the years to come. Plus, the likelihood of the apps getting hung on innumerable people trying to access them can't be ruled out; especially during the festive times. This could go against the mobile travel market as even a bit of delay could cost the user his/her desired ticket.
Future Market Insights has entailed these findings with future prospects in its latest market study entitled ‘Mobile Travel Market'. The team of analysts and consultants is there to execute through its eagle's eye view across macros and micros.
"Availability of better internet services through smartphones is expected to catalyze the mobile travel market going forward", says an analyst from Future Market Insights.
Key Takeaways from Mobile Travel Market
North America holds the largest market share, followed by Europe and the Asia-Pacific. This could be credited to smartphones penetrating the regions at an alarming rate.
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-3014
Competitive Travel
The key players in the mobile travel market include TUI Group, Elong Inc., AirGorilla, LLC, MakeMyTrip Pvt. Ltd., Hays Travel Ltd., Airbnb Inc., Expedia Inc., Trivago, HomeAway, Cleartrip Pvt. Ltd., KAYAK, Skyscanner Ltd., and likewise.
What does the Report travel through?
The research study is based on age (under 18, 18-25, 26-35, 36-45, 46-55, and over 55), by visit purpose (leisure travel, business travel, education-employment-pilgrimage, and visiting friends & relatives), by demographics (female, male, and kids), by service type (transportation, travel accommodation, and vacation packages), and by tourism type (international and domestic).
With extensive mobile penetration, the global mobile travel market is expected to grow voraciously in the next few years.
.jpg)
Mobile Travel Market by Category
By Age:
- Under 18
- 18-25
- 26-35
- 36-45
- 46-55
- Over 55
By Visit Purpose:
- Business Travel
- Leisure Travel
- Education-Employment-Pilgrimage
- Visiting Friends & Relatives
By Demographic:
- Male
- Female
- Kids
By Service Type:
- Transportation
- Travel Accommodation
- Vacation Packages
By Tourism Type:
- Domestic
- International
Ask For Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-3014
Table of Content
1. Executive Summary | Mobile Travel Market
1.1. Market Outlook
1.1.1. Who Is Travelling?
1.1.2. Travel Gross Bookings
1.1.3. Travel Gross Revenue
1.1.4. How Much Do They Spend?
1.2. Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Growth Parameters in Mobile Travel
2.1. Online Travel Bookings Provide Convenience, a Wide Range of Deals and a Quick and Easy Comparison of Prices as Primary Benefits
2.2. Surge in Penetration of Smartphones in Emerging Countries
2.3. Sustainable Booking Practices are on the Rise to Encourage Eco-friendly Tourism
3. Market Stakeholders Landscape - Key Direct Suppliers
3.1. Direct v/s Indirect Distribution
3.2. Travel Gross Revenues, by Channel, 2022
3.2.1. TMC
3.2.2. Tour Operator
3.2.3. OTA
Report Preview with Complete TOC: https://www.futuremarketinsights.com/reports/mobile-travel-landscape-outlook
Have a Look at Related Research Reports on Travel and Tourism
Restaurants and Mobile Food Services Market Value: The restaurants and mobile food services market is estimated to be valued at US$ 2.29 trillion in 2023 and is projected to record a CAGR of 3.0% between 2023 and 2033 to reach an expected valuation of US$ 3.08 trillion by 2033.
Travelport GDS Systems Market Share: The global travelport GDS systems market revenue is expected to be US$ 921.4 Million by the end of 2023. In the long-term, the travelport GDS systems market is estimated to reach at around US$ 1,480.3 Million in 2033.
Congress Tourism Market Outlook: The global congress tourism market revenue is expected to be US$ 1,055.3 Billion by the end of 2023. In the long-term, the congress tourism market is estimated to reach at around US$ 2,311.5 Billion in 2033.
Luxury Yacht Market Forecast: The global luxury yacht market revenue is expected to be US$ 8,812.4 Million by the end of 2023. In the long-term, the luxury yacht market is estimated to reach at around US$ 19,924.7 Million in 2033.
Staycation Market Growth: The global staycation market revenue is expected to be US$ 363.6 Million by the end of 2023. In the long-term, the staycation market is estimated to reach at around US$ 758.1 Million in 2033.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: [email protected]
SOURCE: Future Market Insights, Inc.