Latin America Online Travel Booking Service Market Size & Outlook
The online travel booking service market in Latin America is expected to reach a projected revenue of US$ 70,603.3 million by 2030. A compound annual growth rate of 8.2% is expected of Latin America online travel booking service market from 2022 to 2030.
- Consumer Services
- Specialty Consumer Services
- online travel booking service market report
- Specialty Consumer Services
Revenue, 2021 (US$M)
$34,829.5
Forecast, 2030 (US$M)
$70,603.3
CAGR, 2022 - 2030
8.2%
Report Coverage
Latin America
Latin America Online Travel Booking Service Market, 2017-2030 (US$M)
Global Market
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Latin America online travel booking service market highlights
- The Latin America online travel booking service market generated a revenue of USD 34,829.5 million in 2021.
- The market is expected to grow at a CAGR of 8.2% from 2022 to 2030.
- In terms of segment, transportation booking was the largest revenue generating service type in 2021.
- Accommodation Booking is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 34,829.5 million |
| Market revenue in 2030 | USD 70,603.3 million |
| Growth rate | 8.2% (CAGR from 2021 to 2030) |
| Largest segment | Transportation booking |
| Fastest growing segment | Accommodation Booking |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vacation Packages, Accommodation Booking, Transportation Booking |
| Key market players worldwide | Airbnb Inc Ordinary Shares - Class A, Expedia Group Inc, Booking Holdings Inc, Tripadvisor Inc, Trip.com Group Ltd, MakeMyTrip Ltd, Hostelworld Group PLC, Trivago NV ADR, Despegar.com Corp, Lastminute.com NV |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.7% of the global online travel booking service market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 324,143.4 million by 2030.
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Online Travel Booking Service Market Report
Online travel booking service market report segmentation & scope
Online Travel Booking Service Market Report Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trivago NV ADR | View profile | 651 | Kesselstrasse 5 - 7, Dusseldorf, NW, Germany, 40221 | www.trivago.com |
| Airbnb Inc Ordinary Shares - Class A | View profile | 6,907 | 888 Brannan Street, San Francisco, CA, United States, 94103 | www.airbnb.com |
| Booking Holdings Inc | View profile | 23,600 | 800 Connecticut Avenue, Norwalk, CT, United States, 06854 | www.bookingholdings.com |
| Expedia Group Inc | View profile | 17,100 | 1111 Expedia Group Way W, Seattle, WA, United States, 98119 | www.expediagroup.com |
| MakeMyTrip Ltd | View profile | 4,090 | DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, India, 122002 | www.makemytrip.com |
| Trip.com Group Ltd | View profile | 36,249 | 968 Jin Zhong Road, Shanghai, China, People's Republic of, 200335 | www.ctrip.com |
| Tripadvisor Inc | View profile | 2,829 | 400 1st Avenue, Needham, MA, United States, 02494 | www.tripadvisor.com |
| Hostelworld Group PLC | View profile | 223 | Charlemont Street, Floor 3, Charlemont Exchange, Dublin, Ireland, D02 VN88 | www.hostelworldgroup.com |
| Despegar.com Corp | View profile | 4,593 | Juana Manso 1069, Floor 5, Buenos Aires, Argentina, C1107CBU | www.despegar.com |
| Lastminute.com NV | View profile | 1,722 | Rokin 92, Amsterdam, Netherlands, 1012 KZ | corporate.lastminute.com |
Latin America online travel booking service market report
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Online Travel Booking Service Market Outlook will help companies and investors design strategic landscapes.
Transportation Booking was the largest segment with a revenue share of 50.09% in 2021.
Horizon Databook has segmented the Latin America online travel booking service market based on vacation packages, accommodation booking, transportation booking covering the revenue growth of each sub-segment from 2017 to 2030.
- Latin America Online Travel Booking Service Market Service Type Outlook (Revenue, USD Million , 2017-2030)
- Vacation Packages
- Accommodation Booking
- Transportation Booking
- Others
- Latin America Online Travel Booking Service Market Booking Method Outlook (Revenue, USD Million , 2017-2030)
- Online Booking
- Direct Travel Agency
- Latin America Online Travel Booking Service Market Device Outlook (Revenue, USD Million , 2017-2030)
- Desktop
- Mobile
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America online travel booking service market report, including forecasts for subscribers. This continent databook contains high-level insights into Latin America online travel booking service market report from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Online Travel Booking Service Market, 2017-2030 (US$M)
Latin America online travel booking service market report statistics, by service type, 2017-2030 (US$M)
