Consumer Market Model Insights: Consumer Travel Spending Expected to Surpass Pre-COVID-19 Pandemic Levels

Consumer Market Model Insights: Consumer Travel Spending Expected to Surpass Pre-COVID-19 Pandemic Levels

This IDC Market Perspective provides a prediction and analysis of the return of online consumer travel booking ecommerce spend and advice for service providers as growth occurs. By 2023 consumers will spend $1.4 trillion worldwide in online travel, ticket, and entertainment booking–related spending as consumer travel has returned to levels greater than the beginning of the world pandemic. "Through IDC's Consumer Market Model, service providers in an array of industries like travel and hospitality can uncover the need to brace for growth ahead in their industries," says Kelly Brown, senior research analyst for IDC's Devices and Consumer group.

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