Airline Booking Platform Market


Posted April 21, 2020 by NileshS

Airline booking platform market in global grew from US$ 3,601.05 Mn in 2018 to US$ 8,852.77 Mn by the year 2027. This represents a CAGR of 10.7% from the year 2019 to 2027.
 
The rising demand for air travel continuously has led several countries to witness an increase in the number of airline booking platforms in recent years. The increasing demand for air travel has also forced the adoption of technologically advanced platforms to book various travel services such as ticket booking, car rentals, hotel reservations, and many more. The abrupt growth of the commercial aviation sector is majorly attributed to the tremendous rise in the number of air travelers, both business and leisure passengers.. Factors such as increased use of mobile apps by travelers, escalating demand for online airline booking in emerging economies is driving the airline booking platform market.

Continued strong economic growth, developments in household incomes, and favorable population and demographic profiles are collectively bringing evolution in this region. In APAC, travelers have an unexpected degree of freedom, especially regarding flight bookings, while making travel plans. Growing online booking demand from travelers in this region, specifically from China and India, are changing travel dynamics and putting a force on availability in popular countries such as Sydney, Singapore, and Bangkok is expected to create new opportunities for the global airline booking platform market during the forecasted period.

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Some of the leading players in global market Amadeus It Group Sa, Blue Sky Booking, Booking Holdings Inc., Easyjet Plc, Etraveli Group AB, Expedia Group, Igola International Limited, Kayak Software Corporation, Kiwi.Com S.R.O, Lastminute.Com NV, Makemytrip Limited, Qunar.Com, Rakuten, Inc., Travix International, Trip.Com Group Limited

In the global airline booking platform market, Europe generates the largest market revenue in 2018. Europe is home to one of the largest aviation sectors in the world. Similar to North America, the most preferred mode of transportation in Europe for domestic as well as international conveyance is air travel. The airlines in the European countries, irrespective of full service or low-cost airlines, are facing extreme pressure in terms of passenger volume. This is influencing the companies to procure a high number of aircraft. Moreover, the strong economy of Europe and higher individual disposable incomes lay a robust platform for the business of the aerospace industry. Almost more than half of the metropolitan population in Western Europe opts for air transportation. Hence, these above-mentioned factors are driving the airline booking platform in the region.

Source:- The insight Partners
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Issued By The Insight Partners
Country India
Categories Business , Free , Travel
Last Updated April 21, 2020