Global Online Travel, Accommodation Booking, and Airline

Dublin, 30 November 2022 (GLOBE NEWSWIRE) — Added report “Global Online Travel, Accommodation Reservation and Airline Reservation Market 2022” of ResearchAndMarkets.com offer.

The move from traditional flight booking channels to more modern booking channels is leading to the emergence of digital platforms as OTAs witness high growth opportunities

According to the latest data cited in the report, the global travel market is recovering from the negative effects of the pandemic. This provides growth momentum to the online travel booking channel, which is set to expand significantly in 2022 compared to last year.

The US, for example, will see double-digit growth in gross airline bookings from online channels after 2022. In the Asia-Pacific market, too, the use of online platforms for booking travel-related services is expected to increase in the coming years. It was estimated with double-digit CAGR for countries such as Indonesia, Singapore, and Thailand, as noted in the last report.

Additionally, airline websites, apps, and OTAs are increasingly used by travelers to purchase airline tickets, and more than a third of travelers value the speed of apps in the booking process.

In addition, more than three-quarters of travel app users find the offered functions, such as travel status checks, useful for their travel. While mobile travel bookings and travel app usage are on the rise, desktop computing is still used by more than half of travel bookers worldwide, as the report reveals.

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Booking accommodation through the website is gaining popularity

According to a survey cited in the report, nearly half of respondents chose to segregate their travel needs, including hotels, airline tickets, car rentals and extras, through a single website by 2022.

Also, more than half of the respondents in the US made their accommodation reservations through hotel websites, and in France in 2021 vacation homes were preferably booked through websites. revealed that they made their reservation from a computer or tablet via the website.

Questions Covered:

  • What are the new trends affecting the online travel market?
  • What is the expected growth in Online Travel bookings in Europe by 2025?
  • What are the world’s leading Online Travel Apps and websites?
  • How many online booking app users were in 2021?
  • Which OTA apps were most downloaded worldwide in the first half of 2022?
  • How has the pandemic changed the online flight booking market in 2020 and 2021?
  • Which channels are preferred by travelers around the world to research and buy air tickets?

Key Topics Covered:

1. Executive Summary

2. Global Developments

  • Travel Market Overview and Trends, July 2022
  • International Departures, as % of 2019 Levels, 2022e-2025f
  • Online Travel Agents Gross Reservations, billion USD, 2018-2020 & 2025f
  • % Share of Participants Who Prefer to Book Their Travel Needs Through a Single Website, 2022
  • Distribution of Internet Traffic Source in Travel and Accommodation Sector by Devices by All Sectors, in %, 2021
  • Desktop and Mobile Distribution of Online Travel Sales by %, 2020 & 2021
  • Online Travel Cart Abandon Rate for General E-Commerce, %, 2021
  • Reasons for Consumers Abandoning Their Carts During Travel Reservation, as Percentage of Consumers Who Abandoned Their Carts, 2021
  • Online Travel Cart Abandonment Rate by Desktop and Mobile Devices, in %, 2021
  • Cart Abandonment Rate in “Airline” Category by Selected Sectors, in %, 2021
  • Cart Abandonment Rates for Online Travel Websites, incl. “Airline” Percentage of Online Travel Site Users, 2021
  • Top 5 Travel Websites Revenue, billion USD, 2021
  • Top 10 Online Travel Agency Apps by Downloads, in million, 2021
  • Online Booking App Users, billions, 2017-2021
  • Hotel and Facility Reservation Revenues, trillion USD, 2017-2022f
  • Breakdown of Resort Rentals by OTA and Direct Booking, %, 2021 and 2022f
  • Top 5 Accommodation and Hotel Websites by Website Ranking, incl. Top 5 Countries by Category, Website Visits, million, Average Visit Time in Minutes, Bounce Rate in % and Share of Visits in %, June 2022
  • Market Share of Online Travel Agency Reservation Applications, in %, 2021
  • Online Air Travel Revenue in billion USD, 2020 and 2021
  • Distribution of Air Travel Reservations by Device, in %, 2021
  • % Share of Families Who Find It Difficult and Time-consuming to Compare Offers While Searching for Flights and Booking, 2021
  • % Share of Families Who Don’t Like Travel Reservations (Including Flights), 2021
  • Top 20 Air Travel Websites by Website Ranking, incl. Website Visits, in million, Average Visit Time in Minutes, Bounce Rate in %, and Top 5 Countries by Share of Visits in %, June 2022
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3. North America

3.1. United States of America

4. Asia-Pacific

4.1. Local

  • Top 10 Hotel Booking Channels, incl. “OTA” and “Direct Booking”, 2021
  • Online Travel Gross Bookings in billions of dollars, 2019 and 2024f
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4.2. Chinese

4.3. Japan

4.4. India

4.5. Australia

4.6. Indonesia

4.7. Thailand

4.8. Singapore

4.9. Malaysia

4.10. Vietnamese

4.11. Philippines

5. Europe

5.1. Local

  • Online Share of Total Travel Bookings, %, 2021 and 2025f
  • Number of Guests Booked Via Online Platforms for Short Stays, million, 2019-2021
  • Top 5 Accommodation and Hotel Reservation Websites by EU-5 Countries, June 2022

5.2. United Kingdom

5.3. Germany

5.4. France

5.5. Italy

5.6. Spain

5.7. Holland

5.8. Russia

5.9. Poland

6. Latin America

6.1. Local

  • Online Travel Sales, billion USD, 2019-2020 and 2024f

6.2. Brazil

6.3. Mexican

6.4. Argentina

7. Middle East and Africa

7.1. Local

  • Top 10 Hotel Booking Channels, incl. “OTA” and “Direct Booking”, 2021

7.2. UAE

7.3. Saudi Arabia

7.4. South Africa

Mentioned companies

  • 12306.cn
  • Aerolineas.com
  • agoda
  • Airbnb
  • aircanada
  • antiaircraft
  • almosafer.com
  • American Airlines
  • Booking.com
  • british airlines
  • clip
  • Delta
  • easy jet
  • emirates
  • Expedia
  • flynas.com
  • go mmt
  • receptacle
  • Hotels.com
  • hurb.com
  • kayak.com
  • latamairlines.com
  • Lekkeslaap.co.za
  • Lufthansa
  • Meituan
  • oui.sncf
  • Premier Hotel
  • Qatar airlines
  • ryanair
  • saudia.com
  • Skyscanner
  • southwest.com
  • Tongcheng
  • Travel
  • traveloka
  • trip.com
  • TripAdvisor
  • trivago
  • Turkish Airlines
  • volaris.com

For more information on this report, visit https://www.researchandmarkets.com/r/bho3e5.


        

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