DUBLIN, Nov. 30, 2022 (GLOBE NEWSWIRE) — “2022 Global Online Travel, Accommodation Booking and Flight Booking Market” report added to ResearchAndMarkets.com’s supply.
Shift from traditional flight booking channels to more modern booking channels has given rise to digital platforms, OTAs witness high growth opportunities
The global travel market is recovering from the negative impact of the pandemic, according to the latest data cited in the report. This provides growth momentum to the online travel booking channel, which is expected to expand significantly in 2022 compared to last year.
For example, after 2022, the AOL channel will experience double-digit growth in airline gross bookings. For the Asia-Pacific market, the number of people using online platforms to book travel-related services is expected to increase in the coming years, with countries such as Indonesia, Singapore, and Thailand expected to experience double-digit CAGRs as stated in the latest report.
Additionally, travelers are increasingly using airline websites, apps and OTAs to purchase tickets, with more than a third citing app speed in the booking process.
Additionally, more than three-quarters of travel app users find the features offered, such as travel status checks, to be useful for their travels. More than half of all travel bookers globally are still using desktop devices, the report reveals, despite the rise in mobile travel booking and travel app usage.
Booking accommodation through websites is becoming more and more popular
According to a survey cited in the report, by 2022, nearly half of respondents would prefer to book their travel needs, including hotels, flights, car rentals and other services, through one website.
Additionally, in the US, more than half of respondents book their stay through hotel websites, while in France, vacation homes are more likely to be booked through websites in 2021. When asked how French respondents booked their last holiday stay, more than half of those surveyed revealed that they made the booking through a website from a computer or tablet.
Issues covered:
- What are the emerging trends impacting 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 will there be in 2021?
- Which OTA apps will have the most downloads globally in the first half of 2022?
- How will the pandemic change the online air ticket booking market in 2020 and 2021?
- Which channels are preferred by global travelers to research and purchase air tickets?
Key topics covered:
1. Management overview
2. Global development
- Travel Market Overview and Trends July 2022
- International departures, % of 2019 levels, 2022e-2025f
- Gross online travel agency bookings 2018-2020 and 2025f (US$ billion)
- Percentage of respondents who prefer to book their travel needs through one website, %, 2022
- 2021 Breakdown of Internet Traffic Sources in Travel and Hospitality and All Industries by Device
- Breakdown of Online Travel Sales by Desktop and Mobile Devices in 2020 and 2021 (Percentages)
- Shopping Cart Abandonment Rate of Online Travel to Overall Ecommerce in % in 2021
- Reasons Consumers Abandoned Carts During Travel Booking in 2021, % of Consumers Abandoned
- 2021 Online Travel Shopping Cart Abandonment Rate, by Desktop and Mobile, in %
- Shopping cart abandonment rate in the Airline category compared to selected industries, in %, 2021
- Cart abandonment rates for online travel sites, incl. “Airlines”, % of Online Travel Site Users, 2021
- Top 5 Travel Site Revenues in 2021 (in billions of dollars)
- Top 10 Online Travel Agency Apps by Downloads in 2021, by Downloads (Millions)
- Online Booking App Users 2017-2021, Billions
- Hotel and Resort Booking Revenue, USD Trillion, 2017-2022f
- Breakdown of Vacation Rental Bookings by OTAs and Direct Bookings in 2021 and 2022 (Percentages)
- Top 5 accommodation and hotel sites, ranked by site, incl.Category, Website Visits (Millions), Average Visit Duration (Minutes), Bounce Rate (Percentage) and Top 5 Countries by Visit Share (Percentage), June 2022
- Market Share of Online Travel Agency Booking Apps in 2021, in Percentage
- Online air travel revenue in 2020 and 2021 ($ billions)
- 2021 Breakdown of Air Travel Bookings by Device (Percentage)
- Percentage of households that find it difficult and time-consuming to search and book flights, 2021
- Percentage of Households Disinclined to Book Travel (Including Flights) in 2021
- Top 20 Air Travel Websites, Ranked by Website, Incl.Website visits (in millions), average visit duration (in minutes), bounce rate (in %) and top 5 countries by visit share (in %), June 2022
3. North America
3.1. United States
4. Asia Pacific
4.1. Regional
- Top 10 hotel booking channels, incl. ‘OTA’ and ‘Direct Booking’, 2021
- Gross online travel bookings in 2019 and 2024 (US$ billion)
4.2. China
4.3. Japan
4.4. India
4.5. Australia
4.6. Indonesia
4.7. Thailand
4.8. Singapore
4.9. Malaysia
4.10. Vietnam
4.11. Philippines
5. Europe
5.1. Regional
- Percentage of total online travel bookings in 2021 and 2025, expressed as a percentage
- Number of short-stay guests booked through online platforms in 2019-2021 (millions)
- Top 5 Accommodation and Hotel Booking Sites in EU5 Countries June 2022
5.2. United Kingdom
5.3. Germany
5.4. France
5.5. Italy
5.6. Spain
5.7. Netherlands
5.8. Russia
5.9. Poland
6. Latin America
6.1. Regional
- Online travel sales, billions of dollars, 2019-2020 and 2024f
6.2. Brazil
6.3. Mexico
6.4. Argentina
7. Middle East and Africa
7.1. Regional
- Top 10 hotel booking channels, incl. ‘OTA’ and ‘Direct Booking’, 2021
7.2. United Arab Emirates
7.3. Saudi Arabia
7.4. South Africa
mentioned company
- 12306.cn
- airline website
- Agoda
- Airbnb
- air canada
- Air France
- Almosafer.com website
- American airlines
- reservation network
- british airways
- Ctrip
- delta
- easyjet
- emirates airlines
- Zhiyou.com
- Flying net
- go to .mmt
- hopper
- Hotels.com
- Hebnet
- kayak net
- Latamairlines.com
- www.lekkeslaap.co.za website
- Lufthansa
- meituan
- Oui.sncf
- Premier Inn
- Qatar Airways
- Ryanair
- Saudianet
- Skyscanner
- Southwest Network
- Tongcheng
- travel
- Tourist sites
- Ctrip
- TripAdvisor
- Trivago
- turkish airlines
- Volaris.com website
For more information on this report, please visit https://www.researchandmarkets.com/r/bho3e5
