Travel Services Market in India to Reach $ 56 bn by 2024, Airbnb Inc., Cleartrip Pvt. Ltd., and Yatra Online Inc, Emerge as Key Contributors to Growth| Technavio | Coronavirus
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Journey Providers Market in India to Attain $ 56 bn by 2024, Airbnb Inc., Cleartrip Pvt. Ltd., and Yatra On-line Inc, Emerge as Key Contributors to Development| Technavio | Coronavirus

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LONDON–(BUSINESS WIRE)–Oct 9, 2020–

Technavio has been monitoring the journey service market in India and it’s poised to develop by $ 56 bn throughout 2020-2024, progressing at a CAGR of about 19% throughout the forecast interval. The report provides an up-to-date evaluation relating to the present market situation, newest traits and drivers, and the general market setting.

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Technavio has introduced its newest market analysis report titled Journey Providers Market in India 2020-2024 (Graphic: Enterprise Wire)

Though the COVID-19 pandemic continues to rework the expansion of assorted industries, the quick influence of the outbreak is different. Whereas a number of industries will register a drop in demand, quite a few others will proceed to stay unscathed and present promising development alternatives. Technavio’s in-depth analysis has all of your wants coated as our analysis reviews embrace all foreseeable market eventualities, together with pre- & post-COVID-19 evaluation. Obtain a Free Pattern Report on COVID-19 Impacts

Continuously Requested Questions:

  • What are the most important traits available in the market?
    The introduction of low-cost airways is a significant development driving the expansion of the market.
  • At what fee is the market projected to develop?
    The year-over-year development for 2020 is estimated at 18.05% and the incremental development of the market is anticipated to be $ 56 bn.
  • Who’re the highest gamers available in the market?
    Airbnb Inc., Cleartrip Pvt. Ltd., Cox & Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook dinner (India) Ltd., TripAdvisor Inc., and Yatra On-line Inc., are a number of the main market contributors.
  • What’s the key market driver?
    The rise in worldwide vacationer footfall is likely one of the main elements driving the market.
  • How large is the On-line Reserving market?
    The web reserving section will contribute 82% of the market share

     

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The market is fragmented, and the diploma of fragmentation will speed up throughout the forecast interval. Airbnb Inc., Cleartrip Pvt. Ltd., Cox & Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook dinner (India) Ltd., TripAdvisor Inc., and Yatra On-line Inc. are a number of the main market contributors. The rise in worldwide vacationer footfall will provide immense development alternatives. To make a lot of the alternatives, market distributors ought to focus extra on the expansion prospects within the fast-growing segments, whereas sustaining their positions within the slow-growing segments.

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Technavio’s customized analysis reviews provide detailed insights on the influence of COVID-19 at an business stage, a regional stage, and subsequent provide chain operations. This personalized report may even assist purchasers sustain with new product launches in direct & oblique COVID-19 associated markets, upcoming vaccines and pipeline evaluation, and important developments in vendor operations and authorities rules.

Journey Providers Market in India 2020-2024: Segmentation

Journey service market in India is segmented as under:

  • Service
    • Home Flight Providers, Lodge Lodging Providers
    • Rail Ticket Providers
    • Taxi/cab Providers
    • Home Bus Providers
    • Vacation Packages
  • Reserving

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Journey Providers Market in India 2020-2024: Scope

Technavio presents an in depth image of the market by the way in which of research, synthesis, and summation of information from a number of sources. The journey providers market report covers the next areas:

  • Journey Providers Market in India Dimension
  • Journey Providers Market in India Tendencies
  • Journey Providers Market in India Trade Evaluation

This research identifies the introduction of low-cost airways as one of many prime causes driving the journey service market development in India throughout the subsequent few years.

Technavio suggests three forecast eventualities (optimistic, possible, and pessimistic) contemplating the influence of COVID-19. Technavio’s in-depth analysis has direct and oblique COVID-19 impacted market analysis reviews.

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Journey Providers Market in India 2020-2024: Key Highlights

  • CAGR of the market throughout the forecast interval 2020-2024
  • Detailed data on elements that may help journey providers market development in India throughout the subsequent 5 years
  • Estimation of the journey providers market measurement in India and its contribution to the mother or father market
  • Predictions on upcoming traits and adjustments in shopper habits
  • The expansion of the journey providers market in India
  • Evaluation of the market’s aggressive panorama and detailed data on distributors
  • Complete particulars of things that may problem the expansion of journey service market distributors in India

Desk of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Forex conversion charges for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market traits
  • Market segmentation evaluation

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market measurement and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining energy of consumers
  • Bargaining energy of suppliers
  • Menace of recent entrants
  • Menace of substitutes
  • Menace of rivalry
  • Market situation

PART 06: MARKET SEGMENTATION BY SERVICE

  • Market segmentation by service
  • Comparability by service
  • Home flight providers – Market measurement and forecast 2019-2024
  • Lodge lodging providers – Market measurement and forecast 2019-2024
  • Rail ticket providers – Market measurement and forecast 2019-2024
  • Taxi/cab providers – Market measurement and forecast 2019-2024
  • Home bus providers – Market measurement and forecast 2019-2024
  • Vacation packages – Market measurement and forecast 2019-2024
  • Market alternative by service

PART 07: CUSTOMER LANDSCAPE

PART 08: MARKET SEGMENTATION BY MODE OF BOOKING

  • Market segmentation by mode of reserving
  • Comparability by mode of reserving
  • On-line – Market measurement and forecast 2019-2024
  • Offline – Market measurement and forecast 2019-2024
  • Market alternative by mode of reserving

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Introduction of low-cost airways
  • Elevated contribution of journey and tourism to GDP and employment
  • Technological advances in mobile-based and website-based journey service
  • platforms

PART 12: VENDOR LANDSCAPE

  • Overview
  • Panorama disruption
  • Aggressive situation

PART 13: VENDOR ANALYSIS

  • Distributors coated
  • Vendor classification
  • Market positioning of distributors
  • Airbnb Inc.
  • Cleartrip Pvt. Ltd.
  • Cox & Kings Ltd.
  • Indian Railway Catering and Tourism Corp. Ltd.
  • ITC Ltd.
  • MakeMyTrip Ltd.
  • Oravel Stays Pvt. Ltd.
  • Thomas Cook dinner (India) Ltd.
  • TripAdvisor Inc.
  • Yatra On-line, Inc.

PART 14: APPENDIX

  • Analysis methodology
  • Listing of abbreviations
  • Definition of market positioning of distributors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a number one world expertise analysis and advisory firm. Their analysis and evaluation focuses on rising market traits and gives actionable insights to assist companies establish market alternatives and develop efficient methods to optimize their market positions. With over 500 specialised analysts, Technavio’s report library consists of greater than 17,000 reviews and counting, protecting 800 applied sciences, spanning throughout 50 nations. Their consumer base consists of enterprises of all sizes, together with greater than 100 Fortune 500 firms. This rising consumer base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions inside altering market eventualities.

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KEYWORD: INDIA ASIA PACIFIC

INDUSTRY KEYWORD: OTHER TRAVEL TRANSPORTATION VACATION LODGING DESTINATIONS TRAVEL

SOURCE: Technavio Analysis

Copyright Enterprise Wire 2020.

PUB: 10/09/2020 03:30 AM/DISC: 10/09/2020 03:30 AM

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