Airline Booking Platform Market Research Report 2022 Elaborate Analysis with Growth Forecast to 2028
Posted by Prabha Mahajan on October 6th, 2022
Latest market study on “Airline Booking Platform Market to 2027 by Type (OTA and Ticket Comparison Engine), by Application (International and Domestic Airline Booking); – Global Analysis and Forecast”, the airline booking platform market is estimated to reach US$ 8,852.77 Mn by 2027 from US$ 3,601.05 Mn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.
Owing to the continuously growing disposable income among the population in developing and developed regions across the globe, the need for air travel is also increasing at a similar pace. The commercial air traffic is anticipated to maintain a constant growth rate over the years, despite different challenges such as rising aviation fuel costs, technical faults causing accidents and others. However, the barriers are succeeded by the increase in the number of passengers. The rising number of air travelers is experiencing a substantial growth due to increasing demand of airline booking platform worldwide. The passengers can easily book an e-ticket through airline booking apps and ticket sale website by selecting the destination, entering personal details, which includes name, luggage information, way of travel, dates, and by making payment through bank cards, or online payment. The airline booking platform is comparatively popular in developed regions, including North America and Europe; however, their demand in developing countries of regions such as APAC, is growing at a remarkable rate. All these factors and trends are anticipated to fuel the demand for airline booking platform in various geographies and offer future growth opportunities for market players operating in the global airline booking platform market.
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The global airline booking platform market is anticipated to exhibit an impressive growth rate during the forecast period of 2019 to 2027. Owing to the continuously growing disposable income among the population in developing and developed regions across the globe, the need for air travel is also increasing at a high pace. The commercial air traffic is anticipated to maintain a constant growth rate.
Europe leads the airline booking platform market by region. European region consists of highly developed countries, which are witnessing high growth in their airline sector. With more than 20,000 flights a day and approximately 500 million passengers flying every year, Europe accredits to have the world’s busiest airspace. The economic stability in the region is helping the airliners and the booking platform providers to focus on providing various travel services to enhance the passenger’s experience. The Europe market is witnessing significant growth during the forecast period.
The airline booking platform market has been segmented based on type into online travel agency (OTA) and travel comparison engine. Several travel agencies and private agents are adopting advanced and innovative travel technology tools such as mobile apps to attract and serve customers globally. The continuous adoption of advanced mobility solutions and travel technology, agencies focusing on online ticket booking software, to make it easier for the end customers as well as sub-agencies to search and enjoy all the deals/offers online.
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About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 158
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