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eTravel Market Size to Grow USD 3096860 Million by 2030 at a CAGR of 8.2% | Valuates Reports

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BANGALORE, India, Sept. 18, 2024 /PRNewswire/ — eTravel Market is Segmented by Type (Plane Tickets, Hotel Bookings, Train Tickets, Tours, Other), by Application (Domestic, International): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global eTravel market was valued at USD 1860000 million in 2023 and is anticipated to reach USD 3096860 million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.

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Major Factors Driving the Growth of eTravel Market:

The eTravel market is experiencing rapid growth, driven by the increasing adoption of digital platforms for booking flights, hotels, and travel experiences. Consumers are drawn to the convenience, competitive pricing, and ease of comparison that online travel services provide. Mobile apps and websites that offer real-time availability, personalized recommendations, and exclusive deals have further enhanced the user experience. Additionally, rising disposable incomes, particularly in emerging markets, and the growing preference for personalized and domestic travel are fueling demand. As digitalization continues to reshape the travel industry, the eTravel market is set to expand globally.

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TRENDS INFLUENCING THE GROWTH OF THE ETRAVEL MARKET

The increasing popularity of online plane ticket bookings has emerged as a major catalyst for the expansion of the eTravel market. Digital platforms that offer competitive pricing, convenience, and easy flight comparisons have simplified the booking process for consumers. Additionally, the widespread adoption of mobile apps for trip planning and ticket purchasing is contributing to market growth. Airlines are also teaming up with online travel agencies (OTAs) to offer exclusive deals, enhancing customer experience and loyalty. As more travelers turn to digital channels for flight bookings, the demand for online travel services continues to rise.

Hotel bookings are also a key factor driving the eTravel market’s growth. Consumers are increasingly using online platforms to search for accommodations, drawn by features like real-time availability, customer reviews, and price comparisons. The trend towards personalized experiences, where users receive tailored hotel recommendations, is further fueling this shift. OTAs and hotel partnerships offering special deals have made booking accommodations online more convenient, contributing to the market’s expansion.

Domestic travel is another significant driver of the eTravel market, as more consumers look to explore local destinations. In the aftermath of the COVID-19 pandemic, many travelers have shifted their focus to domestic tourism, which has boosted demand for online booking platforms. Governments promoting local travel and relaxing restrictions have encouraged this trend, while eTravel platforms providing customized packages and local experiences have seen an increase in usage. The broader shift towards digitalization within the travel industry has transformed how consumers plan their trips. Online platforms and mobile apps offer ease of booking, comparisons, reviews, and real-time updates, streamlining the entire process. As a result, more travelers are embracing digital services, which continues to propel the eTravel market forward.

The expanding middle-class population, particularly in emerging economies, is also playing a crucial role in the market’s growth. As disposable incomes rise, more people can afford to travel, and tech-savvy consumers in regions such as China, India, and Brazil are increasingly using online platforms to plan and book their trips. This demographic shift is expected to further fuel market growth in the coming years.

Finally, there is a growing demand for personalized travel experiences, which is boosting the eTravel sector. Online platforms are leveraging data analytics and artificial intelligence to create customized travel packages, recommendations, and itineraries based on individual preferences. This trend, particularly popular among younger travelers, is enhancing customer satisfaction and contributing to the continued expansion of the eTravel market.

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ETRAVEL MARKET SHARE ANALYSIS

The eTravel market demonstrates regional disparities, with North America, Europe, and Asia-Pacific leading the way. North America dominates due to its high internet penetration and well-established travel infrastructure. Europe follows closely, driven by a focus on sustainable tourism and personalized experiences. Asia-Pacific, especially countries like China and India, is experiencing rapid growth fueled by increasing disposable incomes, greater internet access, and a burgeoning middle class. As digital platforms continue to expand in these regions, the eTravel market is poised for further growth.

Key Players:

Expedia GroupBooking HoldingsAmerican Express Global Business TravelTravel Leaders GroupJTB CorporationFroschAndBeyondIntrepid TravelTravelopiaQunarEtraveli GroupTrip.com Group Ltd

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

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–  The global medical tourism market size accounted for USD 104.68 Billion in 2019, and is projected to reach USD 273.72 Billion by 2027, registering a CAGR of 12.8% from 2019 to 2027 in terms of value.

–  The global Leisure Travel Services market was valued at USD 87490 million in 2023 and is anticipated to reach USD 148670 million by 2030, witnessing a CAGR of 7.6% during the forecast period 2024-2030.

–  The global Duffle Travel Bag market was valued at USD 3574 million in 2023 and is anticipated to reach USD 5056.8 million by 2030, witnessing a CAGR of 5.1% during the forecast period 2024-2030.

–  The traditional travel agency market was valued at USD 143.9 billion in 2022, and is estimated to reach USD 212.9 billion by 2032, growing at a CAGR of 3.7% from 2023 to 2032.

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Technology

AIE Graduates create visual effects for Academy-nominated film

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NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

CANBERRA, Australia, Sept. 19, 2024 /PRNewswire-PRWeb/ — NAWI, a feature film whose visual effects were created by graduates from the Academy of Interactive Entertainment (AIE), has been officially nominated by Kenya for entry into the 97th Academy Awards in the category of Best International Feature Film. NAWI is a heartfelt story about a young girl’s journey towards empowerment and aims to shed light on a pressing issue that affects countless young women in the Turkana region of Kenya.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

AIE graduates and teachers were given the opportunity to work on the film’s visual effects through AIE’s ongoing partnership with Learning Lions, who produced the film with Film Crew & Baobab Pictures. AIE is proud to support Learning Lions non-profit mission to enable young adults in marginalised rural communities of East Africa to become digital creatives by providing game development training and technology.

The visual effects for NAWI were brought to life by AIE teachers and experienced industry professionals, Thomas Magill and Tom Pugh, who were tasked with supervising the visual effects and liaising with the film’s Directors, Apuu Mourine, Kevin Schmutzler, Tobias Schmutzler and Toby Schmutzler. They assembled a team of recent AIE graduates and worked out how to create the effects required to immerse audiences in Nawi’s world.

“Graduates were able to take the skills they had learnt in class and apply them to cinema-quality footage. There was even a bit of nervous excitement working with professional expectations and deadlines,” said Tom Pugh.

Thomas Magill explained that most of the work involved compositing such as fixing blemishes, removing unwanted folds in clothing, changing pages in a book and removing background actors that were in the wrong place.

“We had a river shot where there was only a sandbank, and we had to create an entire island! There were several shots filmed in a dry riverbed which required us to create floodwater. We had to draw upon various disciplines: not just digital compositing but also visual effects creation and fluid simulations,” said Thomas Magill.

Both teachers enthused that the directors were a pleasure to work with and the collaboration was smooth.

“The film has a very important social message to tell so it was rewarding in many ways to be able to contribute to this project. NAWI was a fantastic opportunity for our graduates to put their skills to the test on a full-length feature film,” said Tom Pugh.

Learning Lions and AIE look forward to seeing NAWI progress through two rounds of voting by members of the Academy of Motion Picture Arts and Sciences to narrow the list of submitted films down to five nominees for the Best International Feature Film.

About Academy of Interactive Entertainment (AIE)

AIE offers practical, career-focused courses delivered by industry-experienced teachers in 3D animation, game development, visual effects and film. Since 2019 AIE has sponsored scholarships to their Certificate and Diploma programs to Learning Lions student. AIE provided laptops and is supporting with opportunities at various gaming companies around the world for paid part-time and full-time work.

https://aie.edu.au/

About Learning Lions

Learning Lions is fighting poverty with digital opportunity. Established in 2015, Learning Lions equips local youth with essential IT and media skills, and empowering them to become entrepreneurs and self-sustaining individuals. By leveraging digital services, these aspiring entrepreneurs not only support themselves but also provide opportunities for others through employment and mentorship.

https://www.learninglions.org/

Media Contact

Neil Boyd, Academy of Interactive Entertainment, 61 434273190, neilb@aie.edu.au, https://aie.edu.au/

Facebook, LinkedIn

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SOURCE Academy of Interactive Entertainment

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Valhalla MSO Launches Impetus One to Enhance Valhalla Vitality’s Telehealth Platform

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Valhalla MSO launches Impetus One, enabling healthcare providers to expand services, improve patient retention, and boost revenue with no upfront costs

MIAMI, Sept. 19, 2024 /PRNewswire-PRWeb/ — Valhalla MSO is excited to announce the launch of Impetus One (IO), a new software designed to power the Valhalla Vitality Network Provider Program. This initiative aims to expand the reach and capabilities of independent healthcare providers by offering an alternative to the traditional insurance model. With a focus on preventative medicine and wellness therapies, the platform is set to enhance patient care while creating new revenue opportunities for providers.

The Valhalla Vitality Network Provider Program addresses the gap created by insurance companies that often deny coverage for preventative medicine, wellness services, and even weight loss therapies. Insurance typically does not compensate healthcare providers for the time spent improving a patient’s overall health. Impetus One (IO) offers an alternative by providing a cash-pay marketplace where providers are fairly compensated for delivering impactful, life-changing services to their patients.

Key Benefits for Providers

Impetus One Software Integration: The platform integrates seamlessly with Valhalla Vitality, offering an e-commerce marketplace that connects patients with a wide range of health services. Providers can easily adopt the system to deliver therapies and other services, ensuring smooth payment processing and order fulfillment.No Upfront Costs: Providers can join the Network Provider Program without any initial fees. They simply share a unique link with patients, allowing for easy access to services, and payments are processed as orders are placed. Partner pharmacies handle medication shipments directly, creating a hassle-free experience for providers.Boosting Patient Retention: The platform includes a VIP Rewards Program, designed to increase patient retention and loyalty. Patients earn points for discounts and exclusive benefits, which encourages ongoing engagement and care continuity.E-commerce and Wellness Integration: Unlike typical affiliate programs, Valhalla Vitality allows providers to retain full control of their patient relationships. Providers can generate revenue through the integrated e-commerce system without worrying about referral fees or kickbacks, enabling them to focus solely on delivering high-quality patient care.

By joining the Valhalla Vitality Network Provider Program, healthcare providers gain access to a scalable model that helps increase profits, introduce new services, and enhance patient satisfaction. The VIP Rewards Program also strengthens the bond between patients and providers, making healthcare more accessible and rewarding for all.

Healthcare providers looking to grow their practices and increase revenue can join the Valhalla Vitality Network by visiting http://www.providevitality.com. Valhalla MSO’s new platform is a powerful tool for delivering advanced, patient-centric healthcare with a focus on accessibility and quality.

For more information, visit Valhalla Vitality at http://www.valhallavitality.com.

Media Contact

Chris K., Valhalla Vitality, 888-888-8888, ck@s99agency.com, https://valhallavitality.com/

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SOURCE Valhalla Vitality

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Technology

Ultima Markets Wins Two Prestigious Awards at Global Forex Awards–Retail 2024!

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LIMASSOL, Cyprus, Sept. 19, 2024  /CNW/ — Ultima Markets, a leading global forex and CFDs brokerage, is thrilled to announce its double success at the prestigious Global Forex Awards – Retail 2024. The company won two distinguished awards: “Best Affiliates Brokerage – Global” and “Best Fund Safety – Global.”

The awards were presented during the event in Limassol, Cyprus, where Jean Philippe, Board Advisor, Corporate Governance and Sustainability at Ultima Markets, accepted the honours.

The Global Forex Awards – Retail has celebrated excellence in trading innovation for seven consecutive years. Ultima Markets’ dual wins reflect its commitment to quality, client-centric strategies, and strong partnerships across the financial services sector.

The “Best Affiliates Brokerage—Global” award recognises Ultima Markets’ exemplary affiliate programme, which has successfully driven its global expansion. It is celebrated for its transparency and competitive rewards tailored to affiliate needs.

Receiving the “Best Fund Safety – Global” award highlights Ultima Markets’ efforts to safeguard client assets. Through its partnership with Willis Towers Watson, the company provides up to USD$1,000,000 in insurance per account, while its Financial Commission membership ensures clients access to up to €20,000 in compensation funds.

These recognitions underscore Ultima Markets’ priority to security and transparency, including segregated accounts and robust risk management practices. The broker also assures affiliate partners of exceptional standards.

Commenting on the awards, Jean Philippe said, “These recognitions reflect the exceptional work of our teams to ensure the safety of traders’ funds and our dedication to creating value for our partners and clients. We will continue to evolve and innovate to meet the market’s demands.”

Ultima Markets is renowned for its extensive range of trading products and personalised customer service, designed to meet clients’ diverse needs worldwide. The dual recognition marks a significant milestone in the company’s global growth and reaffirms its reputation for delivering fund safety and robust affiliate opportunities.

“We are delighted to be recognised with these awards, which reflect our mission to create a secure trading environment and build strong, rewarding partnerships,” said Jack Li, Ultima Markets’ Regional Business Director.

About Ultima Markets

Ultima Markets is a fully licensed, fast-growing broker offering access to 250+ financial instruments. With a team of 2,000+ professionals in 15 global offices, we serve clients in 172 countries. Check out more about our awards on Facebook, X, Instagram, LinkedIn and YouTube.

 

 

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SOURCE Ultima Markets

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