Summary

Mexico has always captivated travellers from all over the world with its colorful culture, gorgeous scenery, and historical treasures. The Mexico online travel market has developed into a dynamic and growing landscape in recent years, transforming how travellers experience and engage with this enticing country. The Mexican online travel market has embraced technology quickly, revolutionizing how tourists plan, book, and enjoy their vacations. Travelers can now access a variety of information, compare options, and secure bookings on the go thanks to mobile apps and user-friendly websites. This ease of access allows travelers to customize their experiences, whether they are looking for sun-soaked beach resorts, ancient ruins, or dynamic metropolitan excursions. Mexico's internet travel platforms highlight the country's unique attractions, appealing to a variety of interests. Travelers can encounter a variety of activities that represent Mexico's rich cultural legacy and natural beauty, from the crystal-clear waters of Cancn's beaches to the colonial elegance of Oaxaca's neighbourhoods. Eco-tours in the Yucatán Peninsula's jungles await adventurers, while history buffs can explore the archaeological treasures of Chichen Itza and Teotihuacan. Several significant trends, reflecting shifting consumer habits and technological advancements, are driving the Mexican online travel market. AI-powered personalization is gaining traction as systems analyze user data to provide personalized recommendations for lodgings, activities, and itineraries. Sustainable travel is also on the rise, with internet platforms emphasizing eco-friendly options and promoting responsible tourism that benefits local communities while simultaneously protecting the environment. The Mexico online travel market is positioned for additional growth and transformation as technology advances and traveller habits evolve. The combination of virtual reality, augmented reality, and AI-powered personalization will almost certainly change the way travelers study, plan, and experience their vacations.

According to the research report "Mexico Online Travel Market Overview, 2028," published by Bonafide Research, the Mexico Online Travel market is expected to reach market size of more than USD 22 Billion by 2028. The foundation of the online travel sector is tourism and hospitality. Online platforms are used by hotels, resorts, airlines, car rentals, and other hospitality businesses to provide their services. The online travel business is supported by airlines, transport operators, and even ride-sharing services. For convenience and better pricing, many people purchase their flights and transportation services online. The online travel market includes hotels, motels, hostels, and vacation rentals. Individuals can rent out their homes to travelers using platforms such as Airbnb. Expedia, Booking.com, and Despegar were becoming increasingly popular in Mexico. These platforms provided a wide choice of travel options, allowing travelers to easily compare prices and make arrangements. Various players in the travel industry were developing alliances and cooperating in order to deliver more comprehensive travel options. Airlines, hotels, and other travel service companies frequently collaborate to offer package discounts. This increase in user-driven decision-making has prompted a focus on providing great customer experiences in order to elicit positive feedback. Furthermore, the quest for authentic local experiences has gained traction, prompting the creation of platforms offering culturally immersive tours and activities to meet the growing desire for distinctive, off-the-beaten-path excursions. Online payment solutions that are simple and secure have increased travelers confidence, hastening the transition to cashless transactions.

Based on service type market is bifurcated into transportation, travel accommodation, vacation packages, and others (travel insurance, visas and passport services, currency exchange services, travel spa and wellness services, travel gear and gadgets, etc.). There is significant rise in demand for vacation packages service type in Mexico online travel market. Vacation packages provide tourists with a simple and quick method to plan and book their entire trip all at once. Travelers can save time and effort by purchasing flights, hotels, and occasionally excursions or tours all at once rather than booking each component separately. Mexico is well-known for its all-inclusive resorts and vacation packages. Vacation packages that include lodging, meals, drinks, and some activities cater to the desire for a stress-free and seamless vacation experience. Mexico's locations range from beach resorts to ancient cities and cultural attractions. Vacation packages cater to diverse interests and allow travelers to see different sections of the country. Vacation packages are popular among groups and families traveling together. The bundled nature of these packages simplifies the coordination of multiple travelers and ensures that everyone's needs are met.

Based on device market is bifurcated into laptop/desktop devices, and mobile devices. The market is majorly dominated by laptop/ desktop devices in Mexico. On laptops and desktop computers, the process of booking a whole travel package, including flights, lodgings, and activities, is more efficient. The ease of use of a full keyboard and larger display makes it easier to enter personal information and payment information, ensuring a seamless and accurate booking procedure. Visuals such as photographs, movies, and maps are frequently used on online travel platforms to help visitors comprehend destinations, lodgings, and attractions. Larger laptop and desktop screens improve the visual experience, allowing customers to grasp the details and intricacies of their potential trip options. Furthermore, based on mode of booking market is divided into online travel agencies (OTAs) and direct travel suppliers. Online travel agencies (OTAs) is predicted to grow at the fastest rate in Mexico online travel market. The number of Mexican visitors is steadily increasing. This is being driven by a variety of factors, including Mexicans' increased disposable income and the growing popularity of overseas travel. OTAs aggregate products from numerous airlines, hotels, and service providers, giving travelers a wide range of options. This variety appeals to travelers who want to be able to compare possibilities before making a decision. OTAs commonly provide bundled packages that include flights, lodging, and, in some cases, activities. These packages offer cost savings and convenience for tourists looking for all-inclusive or tailored experiences.

Considered in this report:
• Geography: Mexico
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Mexico Online Travel market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Service Type
• Transportation
• Travel Accommodation
• Vacation Packages
• Others (Travel Insurance, Visas and passport services, Currency Exchange Services, Travel spa and wellness services, Travel gear and gadgets, etc.)

By Device
• Laptop/Desktop Devices
• Mobile Devices

By Mode of Booking
• Online Travel Agencies (OTAs)
• Direct Travel Suppliers

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Online Travel industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Table of Contents

Table of Contents
1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. Geography
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. Mexico Macro Economic Indicators
5. Market Dynamics
5.1. Key Findings
5.2. Key Developments - 2021
5.3. Market Drivers & Opportunities
5.4. Market Restraints & Challenges
5.5. Market Trends
5.6. Covid-19 Effect
5.7. Supply chain Analysis
5.8. Policy & Regulatory Framework
5.9. Industry Experts Views
6. Mexico Online Travel Market Overview
6.1. Market Size By Value
6.2. Market Size and Forecast By Service Type
6.3. Market Size and Forecast By Device
6.4. Market Size and Forecast By Mode of Booking
7. Mexico Online Travel Market Segmentations
7.1. Mexico Online Travel Market, By Service Type
7.1.1. Mexico Online Travel Market Size, By Transportation, 2017-2028
7.1.2. Mexico Online Travel Market Size, By Travel Accommodation, 2017-2028
7.1.3. Mexico Online Travel Market Size, By Vacation Packages, 2017-2028
7.1.4. Mexico Online Travel Market Size, By Others, 2017-2028
7.2. Mexico Online Travel Market, By Device
7.2.1. Mexico Online Travel Market Size, By Laptop/Desktop Devices, 2017-2028
7.2.2. Mexico Online Travel Market Size, By Mobile Devices, 2017-2028
7.3. Mexico Online Travel Market, By Mode of Booking
7.3.1. Mexico Online Travel Market Size, By Online Travel Agencies (OTAs), 2017-2028
7.3.2. Mexico Online Travel Market Size, By Direct Travel Suppliers, 2017-2028
8. Mexico Online Travel Market Opportunity Assessment
8.1. By Service Type, 2023 to 2028
8.2. By Device, 2023 to 2028
8.3. By Mode of Booking, 2023 to 2028
9. Competitive Landscape
9.1. Porter's Five Forces
9.2. Company Profile
9.2.1. Company 1
9.2.1.1. Company Snapshot
9.2.1.2. Company Overview
9.2.1.3. Financial Highlights
9.2.1.4. Geographic Insights
9.2.1.5. Business Segment & Performance
9.2.1.6. Product Portfolio
9.2.1.7. Key Executives
9.2.1.8. Strategic Moves & Developments
9.2.2. Company 2
9.2.3. Company 3
9.2.4. Company 4
9.2.5. Company 5
9.2.6. Company 6
9.2.7. Company 7
9.2.8. Company 8
10. Strategic Recommendations
11. Disclaimer

List of Figures

Figure 1: Mexico Online Travel Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 2: Market Attractiveness Index, By Service Type
Figure 3: Market Attractiveness Index, By Device
Figure 4: Market Attractiveness Index, By Mode of Booking
Figure 5: Porter's Five Forces of Mexico Online Travel Market

List of Table

Table 1 : Influencing Factors for Mexico Online Travel Market, 2022
Table 2: Mexico Online Travel Market Size and Forecast By Service Type (2017, 2022 & 2028F)
Table 3: Mexico Online Travel Market Size and Forecast By Device (2017, 2022 & 2028F)
Table 4: Mexico Online Travel Market Size and Forecast By Mode of Booking (2017, 2022 & 2028F)
Table 5: Mexico Online Travel Market Size of Transportation (2017 to 2028) in USD Billion
Table 6: Mexico Online Travel Market Size of Travel Accommodation (2017 to 2028) in USD Billion
Table 7: Mexico Online Travel Market Size of Vacation Packages (2017 to 2028) in USD Billion
Table 8: Mexico Online Travel Market Size of Others (2017 to 2028) in USD Billion
Table 9: Mexico Online Travel Market Size of Laptop/Desktop Devices (2017 to 2028) in USD Billion
Table 10: Mexico Online Travel Market Size of Mobile Devices (2017 to 2028) in USD Billion
Table 11: Mexico Online Travel Market Size of Online Travel Agencies (OTAs) (2017 to 2028) in USD Billion
Table 12: Mexico Online Travel Market Size of Direct Travel Suppliers (2017 to 2028) in USD Billion