Global Electronic E Tourism Market Major Players 2024, Forecast To 2033
8 Oct, 2024
The electronic (E) tourism market size has grown rapidly in recent years, projected to increase from $1,043.34 billion in 2023 to $1,149.84 billion in 2024, achieving a compound annual growth rate (CAGR) of 10.2%. This historic growth can be attributed to greater internet accessibility, advancements in mobile technology, the rise of social media platforms, the expansion of online booking platforms, consumer preferences for convenience, increased partnerships between airlines and hotels, the development of travel review sites, competitive pricing strategies, and overall growth in the global tourism industry. In the forecast period, the electronic (E) tourism market size is expected to reach $1,703.88 billion in 2028, with a CAGR of 10.3%. This growth will be driven by the expansion of personalized travel experiences, the increasing prevalence of mobile app bookings, the rising adoption of blockchain technology, a focus on sustainable tourism, the evolution of digital marketing strategies, and the rise of virtual tourism experiences. Key trends anticipated during this period include contactless payments, eco-friendly travel options, the use of AI chatbots for customer service, the personalization of travel offers through big data, advancements in smart tourism technologies, the utilization of blockchain for secure transactions, remote work travel packages, and enhanced customer experiences powered by AI-driven insights.
Global Electronic E Tourism Market Key Driver
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.
Get A Free Sample Of The Electronic E Tourism Market ReportGlobal Electronic E Tourism Market Segments
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
By Geography:The regions covered in the electronic (E) tourism market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Electronic E Tourism Industry Players
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
Purchase The Global Electronic E Tourism Market Report Directly And Get A Swift DeliveryElectronic E Tourism Market Overview
Electronic (E) Tourism refers to the use of digital technologies and the internet to facilitate and enhance the travel and tourism experience. E-tourism helps streamline the travel planning process and provides travelers with more information and options to make informed decisions.
Electronic E Tourism Global Market Report 2023 provides data on the global electronic e tourism market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electronic e tourism market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.