The e-Tourism Market was assessed at USD xx.xx million in 2021 and is anticipated to develop to USD xx.xx million by the end of the assessment period. The market is also estimated to experience reasonable growth to record a CAGR of xx.xx% throughout the projection period (2021-2026).
Technology has played an important role in the tourism industry, giving rise to e-tourism or electronic tourism even more. The design, implementation and application of IT with e-commerce solutions have helped the travel and tourism industry grow. There is an emergence of the e-commerce sector in tourism known as e-tourism that involves the digitization of all processes, including members of the value chain involved in the tourism, travel, and hospitality industries. It is a means of establishing business relationships through the use of the Internet to offer tourism-related products such as flights, hotel reservations, car rentals, etc., allowing organizations to maximize efficiency and overall efficiency. For tourism companies, the Internet offers immense help by making information and reservation services available at low cost to a large number of tourists. It also provides a useful tool for communication between tourism intermediaries, suppliers and end consumers.
The outbreak of the coronavirus disease acted as a massive strain on the market for tourism and hospitality sector in 2020, with governments globally imposing restrictions on domestic and international travel limiting the need for the services. COVID 19 is an infectious disease with flu-like symptoms, including fever, cough, and shortness of breath. The virus was first identified in 2019 in Wuhan, Hubei province in the People's Republic of China, and has spread throughout the world, including Western Europe, North America, and Asia. Measures taken by national governments to contain transmission have led to a decline in economic activity, with countries entering a state of lockdown, and the outbreak is expected to continue to negatively affect businesses through 2020 and into 2021. However, with the relaxation of lockdown conditions, the e-tourism market is believed to bounce back soon.
Recent Developments:
Drivers and Restraints of e-Tourism Market:
The comfort factor associated with the application and implementation of the e-tourism market has been an important factor for the development. E-tourism allows customers to access all relevant information from the desired and associated websites. Additionally, the processes associated with e-tourism are fast and secure, while providing the control and freedom to plan the trip accordingly. Access to the complete travel package as well as strategic possibility to know all the relevant information related to the place has helped customers to opt for electronic means to make their travel plans. In addition, it also saves time and reduces the need for physical effort, which has also been an important benefit, acting as another important driver for this e-tourism market.
With all these factors positively driving the market, there are certain restrictions that limit the growth of the market. One of these important factors is technology dependence on customers, which is a major constraint for this e-tourism market. People who do not have access to a computer or the Internet cannot benefit from all its features, which limit this business. Another important limitation is the misinterpretation of the information that can cause problems for various customers. After considering all these factors and limitations, technological advances, as well as the penetration of the Internet for the provision of various services, are supposed to provide growth opportunities for this market in the coming years.
e-Tourism Market – By Type of System:
computer reservation systems
e-Tourism Market – By Application:
e-Tourism Market – By Regions:
It is North America followed by Europe that forms some of the main regions in this market. Technological advances, as well as better access to information, have been one of the main drivers in this area. The Asia-Pacific is an important region and has one of the fastest growing regions in the world. Japan, India and China are some of the main areas contributing to expansion of this market. The advent of technology and the growing demand for secure access to information have been some of the main drivers in this locale.
Leading Company:
Fred Harvey Company had the largest share of the Global e-Tourism Market in terms of sales and revenue in 2020.
Key Players:
The Global e-Tourism Market is concentrated with a few well-established players such as G Adventures, Fred Harvey Company, Balkan Holidays Ltd., Accor Group, Crown Ltd., and others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 E-Tourism Market, By System Type
6.1.1 Distribution Systems
6.1.2 Social Media
6.1.3 Property Management Systems
6.1.4 Computer Reservation Systems
6.1.5 Market Size Estimations & Forecasts (2021-2026)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 E-Tourism Market, By Application
6.2.1 Medical
6.2.2 Aerospace
6.2.3 Hospitality
6.2.4 Market Size Estimations & Forecasts (2021-2026)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By System Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By System Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By System Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By System Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By System Type
7.6.3 By Application
8. Key Player Analysis
8.1 G Adventures
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Fred Harvey Company
8.3 Balkan Holidays Ltd
8.4 Accor Group
8.5 Crown Ltd
9. Market Outlook & Investment Opportunities
10. Appendix
List of Tables
List of Figures
