Online Travel Booking Services Market Size, Share, Growth Analysis, By Service Type(Vacation Packages, Accommodation Booking, Transportation Booking, Others), By Device Outlook(Desktop and Mobile), By Region - Industry Forecast 2024-2031

Online Travel Booking Services Market size was valued at USD 520.2 billion in 2021 and is poised to grow from USD 566.50 billion in 2022 to USD 1028.95 billion by 2030, at a CAGR of 8.9% during the forecast period (2023-2030).

Online travel firms provide various booking services for housing, transit, sightseeing, and auto rentals. This platform features information about numerous travel service companies as well as client reviews on the products and services they provide. Globally, the phrase "internet travel booking platform" has taken over the travel business. Today, the services that use online booking systems the most include airlines, hotels, motels, taxis, and custom vacation packages. Numerous different booking platforms, including event booking, are driving market growth. According to an analysis, online booking systems are internet-based booking software that customers can access via a specific URL to browse available services and make bookings, creating a big international demand in the online travel booking service market. Online reservations represent one of the largest markets in the travel sector. The estimated annual value of the travel business is approximately $1.2 trillion, of which 63%, or roughly $756 billion, comes from online reservations. Current forecasts indicate the market would expand by 8%, reaching an estimated $817 billion in value and dominating the global market.

US Online Travel Booking Services Market is poised to grow at a sustainable CAGR for the next forecast year.