Global Online Travel Market 2022

Global Online Travel Market 2022

Use online intermediaries for travel booking accelerated post the pandemic: new yStats.com report.Online travel agencies will witness high growth opportunitiesThe global travel market is recovering from the negative effects of the pandemic, according to the recent data cited in the yStats.com report. This provides a growth momentum to the online travel booking channel, which is poised to expand substantially in 2022 compared to the past year. For instance, the USA will see a double-digit growth of the gross airline bookings coming from online channels after 2022. For the Asia-Pacific market as well, the use of online platforms for booking travel related services is expected to rise in the coming years, with double-digit CAGR predicted for countries including Indonesia, Singapore and Thailand. Booking.com leads the online travel market sales across regionsAs revealed by the new yStats.com report, Booking.com was the highest revenue maker globally within the online travel agencies market, reaching to a double-digit billions of dollars revenue figure in 2021. It also had a close to hundred million mobile app downloads in the same year. In Asia-Pacific, Booking.com was the most visited travel and tourism website. Competitors such as Expedia Group and Airbnb also experience growth in various markets as highlighted in the new yStats.com report.