Electronic (E) Tourism Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

The electronic (e) tourism global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Electronic (E) Tourism Market, 2024The electronic (e) tourism global market report 2024

Market Size -

The electronic (E) tourism market size has grown rapidly in recent years. It will grow from $1043.34 billion in 2023 to $1149.84 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased Internet accessibility, the rise of mobile technology, the growth of social media platforms, the expansion of online booking platforms, consumer preference for convenience, increased airline and hotel partnerships, the development of travel review sites, competitive pricing strategies, and the growth of the global tourism industry.
The electronic (E) tourism market size is expected to see rapid growth in the next few years. It will grow to $1,703.88 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to the expansion of personalized travel experiences, growth of mobile app bookings, rising adoption of blockchain technology, focus on sustainable tourism, growth in digital marketing strategies and rise in virtual tourism experiences. Major trends in the forecast period include contactless payments, eco-friendly travel options, use of AI chatbots for customer service, personalization of travel offers using big data, smart tourism technologies, blockchain for secure transactions, remote work travel packages, and enhanced customer experience through AI-driven insights.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

The growing interest in heritage travel is anticipated to propel the electronic (E) tourism market's growth, as more individuals seek to explore historical and cultural sites. Heritage travel involves visiting places with rich historical, architectural, and cultural significance. This growing interest stems from a desire for authentic, immersive experiences that connect travelers to the past. E-tourism enhances these experiences by providing online access to information, virtual tours, booking services, and reviews for such sites. According to a November 2023 survey by the Department for Digital, Culture, Media, and Sport, 67% of adults visited a heritage site in person in the past year, up from 63% in 2021/2022, while digital engagement with heritage sites also grew by 2%, reaching 18%. Therefore, the increased interest in heritage travel is expected to continue driving growth in the electronic tourism market.

Market Trends -

Major companies operating in the electronic (E) tourism market are focusing on shifting toward personalized recommendation solutions, such as artificial intelligence (AI)-based trip planners, to enhance customer engagement and drive increased bookings. AI-based trip planners use artificial intelligence to generate customized travel itineraries, enhancing user satisfaction and boosting booking rates. For instance, in June 2023, Booking.com, a Netherlands-based online travel agency, launched its AI Trip Planner, a new feature within its app that leverages AI and large language model technology to provide a conversational and personalized travel planning experience. This tool allows users to receive tailored travel recommendations, explore destinations, and book accommodations seamlessly, all through an interactive chat interface.

The electronic (E) tourism market covered in this report is segmented –

1) By Type Of System: Computer Reservation Systems, Property Management Systems, Social Networks, Global Distribution Systems
2) By Booking Behavior: Spontaneous Travelers, Meticulous Planners, Tech-reliant Travelers
3) By Travel Style: Adventure Seekers, Luxury Travelers, Cultural Enthusiasts, Business Travelers
4) By Application: Hospitality Industry, Aerospace And Medical Industry

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Regional Insights -

North America was the largest region in the electronic (E) tourism market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electronic (E) tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -

Major companies in the market are Booking Holdings Inc., Expedia Group, Airbnb Inc., Amadeus IT Group, Trip.com Group, Vacation Rentals by Owner (Vrbo), Agoda Company Pte. Ltd., TripAdvisor Inc., Orbitz Worldwide Inc., Trivago N.V., MakeMyTrip Limited, Viator Inc., Lastminute.com Group, Hotels.com L.P., MakeMyTrip Limited, Skyscanner Limited, Hopper Inc., Travelocity.com Inc., GetYourGuide GmbH, Klook Travel Technology Limited, Hotwire Inc., Sygic a.s., Travel Leaders Group LLC, Yatra Online Inc, Musement

Table of Contents

1. Executive Summary
2. Electronic (E) Tourism Market Report Structure
3. Electronic (E) Tourism Market Trends And Strategies
4. Electronic (E) Tourism Market – Macro Economic Scenario
5. Electronic (E) Tourism Market Size And Growth
…..
27. Electronic (E) Tourism Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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