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Global Online Booking Tool Market: Industry Analysis & Outlook (2018-2022) - Expected to Witness Lucrative Growth due to the Growing Digital Travel Market - ResearchAndMarkets.com

December 4, 2018

DUBLIN--(BUSINESS WIRE)--Dec 4, 2018--The “Global Online Booking Tool Market: Industry Analysis & Outlook (2018-2022)” report has been added to ResearchAndMarkets.com’s offering.

The global tourism industry is surging at a rapid pace with rising demand for online booking tools by the corporations.

The global market is expected to witness lucrative growth due to the growing digital travel market, escalating sovereign investors, accelerating economic growth and improvisation in the payment process. The market is trending with the rising virtual European hotel reservations, intensifying preference for cloud computing software, escalating business travel spending and emergence of innovative technologies.

However, there are some growth hindering factors in the industry such as stringent regulations and data infrastructure security concern.

Regionally, Asia Pacific held the leading position in the market as a result of the growing popularity of virtual tools and the growing business travel trips by the corporations in the key revenue contributing areas including Australia, China, Japan and India.

Market Dynamics

Growth Drivers

Growing Digital Travel Market Escalating Sovereign Investors Accelerating Economic Growth Improvisation in the Payment Process

Key Trends and Developments

Rising Virtual European Hotel Reservations Intensifying Preference for Cloud Computing Software Escalating Business Travel Spending Emergence of Innovative Technologies

Challenges

Stringent Regulations Data Infrastructure Security Concern

Key Topics Covered

1. Market Overview

2. Global Online Booking Tool Market

3. Regional Online Booking Tool Market

4. Market Dynamics

5. Competitive Landscape

6. Company Profiles

Amadeus IT Group Expedia GroupSAP SE (SAP Concur)Sabre Corporation (GetThere)

For more information about this report visit https://www.researchandmarkets.com/research/68d8m6/global_online?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005580/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE TRAVEL VACATION

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/04/2018 07:46 AM/DISC: 12/04/2018 07:46 AM

http://www.businesswire.com/news/home/20181204005580/en

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