India’s travel services market to grow by USD 11.11 billion

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The market is fragmented and the degree of fragmentation will accelerate during the forecast period. Airbnb Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook India Ltd., TripAdvisor LLC, and Yatra Online Inc. are some of the major market players. The increase in the number of mergers and acquisitions, partnerships and strategic alliances will provide immense opportunities for growth. To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments while maintaining their positions in slow growing segments.

Travel services market in India 2021-2025: Segmentation

The travel services market in India is segmented as below:

  • Service
    • Domestic flight services
    • Hotel accommodation services
    • Train ticket services
    • Cabin services
    • Others
  • Reservation

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Travel services market in India 2021-2025: Supplier analysis and scope
To help companies improve their market position, the travel services market in India provides a detailed analysis of about 25 vendors operating in the market. Some of these providers include Airbnb Inc., Cleartrip Pvt. Ltd., Cox and Kings Ltd., Indian Railway Catering and Tourism Corp. Ltd., ITC Ltd., MakeMyTrip Ltd., Oravel Stays Pvt. Ltd., Thomas Cook India Ltd., TripAdvisor LLC and Yatra Online Inc.

The report also covers the following areas:

  • Travel services market in India Cut
  • Travel services market in India tendencies
  • Travel services market in India industry analysis

The growing adoption of online payment platforms is likely to become a major driver of the market. However, the huge competition among players leading to a price war can threaten the growth of the market.

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Drawing on competitive intelligence and benchmarking, our research reports on the travel services market in India are designed to provide entry support, client profile and mergers and acquisitions as well as go-to-market strategy support.

Travel services market in India 2021-2025: Highlights

  • Market CAGR during the forecast period 2021-2025
  • Detailed information on factors that will contribute to the growth of the Travel Services market in India over the next five years
  • Estimated market size for travel services in India and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the travel services market in India
  • Market competitive landscape analysis and detailed supplier information
  • Complete details on the factors that will challenge the growth of the Travel Services Market vendors in India

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Contents:

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Forecast for 2020 – 2025

Five forces analysis

  • Summary of the five forces
  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new participants
  • The threat of substitutes
  • Threat of rivalry
  • State of the market

Market segmentation by service

  • Market segments
  • Comparison by service
  • Domestic Flight Services – Market Size and Forecast 2020-2025
  • Hotel Accommodation Services – Market Size and Forecast 2020-2025
  • Train Ticket Services Market Size and Forecast 2020-2025
  • Taxi Services Market Size and Forecast 2020-2025
  • Others – Market Size and Forecast 2020-2025
  • Market opportunity by service

Market segmentation by reservation

  • Market segments
  • Comparison by reservation
  • Online – Market Size and Forecast 2020-2025
  • Offline – Market Size and Forecast 2020-2025
  • Market opportunity by reservation

Customer landscape

  • Market factors
  • Market challenges
  • Market trends

Supplier landscape

  • Overview
  • Supplier landscape
  • Landscape disturbance

Supplier analysis

  • Covered suppliers
  • Positioning of sellers in the market
  • Airbnb Inc.
  • Cleartrip Pvt. Ltd.
  • Cox and Kings Ltd.
  • Indian Railway Catering and Tourism Corp. Ltd.
  • ITC Ltd.
  • MakeMyTrip Ltd.
  • Oravel Stays Pvt. Ltd.
  • Thomas Cook India Ltd.
  • TripAdvisor LLC
  • Yatra Online Inc.

Annex

  • Scope of the report
  • Currency conversion rates for US $
  • Research methodology
  • Abreviations list

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Contact

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Report link: https://www.technavio.com/report/travel-services-market-in-india-industry-analysis

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