Overall, the U.S. hotel and lodging sector continues to grow faster than the market as a whole – by 2017, the hotel market will reach US$168.3 billion, a 38% jump over 2013. Phocuswright's U.S. Hotel & Lodging: Intermediaries Rise Again is a comprehensive analysis of the U.S. travel industry, providing market sizing and growth forecasts through 2017. The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. Online travel providers aim to ease travel planning and bookings for travelers. Phocuswright, a leading travel data aggregator. The Indian travel and tourism industry, set to grow at 12% CAGR over the next three years, is the second fastest growing market, following China, which is growing at 16%. Online travel agencies have faced their share of hurdles across the globe but remain resilient in the U.S. market. According to Phocuswright’s latest travel research report U.S. Online Travel Agencies 2019: Market Sizing and Landscape , OTAs delivered US$78 billion in gross bookings in 2019, a 7% increase from $72 billion in 2018. Travel and tourism is one of the world’s fastest-growing sectors, with bookings hitting close to $1.6 trillion in 2017.1 A strengthening global economy lies at the heart of industry growth. Each year, the global traveler pool is flooded with millions of new consumers from both emerging and developed markets, many with rising disposable incomes and a newfound ability to experience the world. The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. Online travel providers aim to ease travel planning and bookings for travelers.
Our research is the most credible source for accurate, thorough data and projections over the next several years. U.S. Online Travel 2019: Overview and Market
According to PhoCusWright's "U.S. Online Travel Overview" Supplier websites online travel and all continue to steal market share from traditional agencies. 16 Feb 2016 The online market would include other online travel agencies such as Priceline. com, Booking.com and CheapOair as well as airline and hotel 29 Jun 2017 Asia Pacific is a growth engine of the global travel industry, especially when new technology are involved. According to studies, global online 16 Jan 2019 Corona virus affecting the tourism industry worldwide According to Phocuswright's Independent Lodging Properties and the Online Marketplace 2019, progress in the sector, including the growth of metasearch and a shift to 21 Nov 2018 Various factors have contributed to this growth, but we believe it's primarily Subsequently, online travel's big players — including Expedia,
30 Jun 2019 Is the online travel industry heading for a shakeup? At last year's Phocuswright conference, a panel on the future of corporate travel in profits annually if it built an online hotel business roughly half the size of Expedia's.
20 Nov 2018 Phocuswright Japan is to publish the fourth edition of 'Japan Online agents including OTA and the latest trends of the online travel market are 1 Mar 2017 Back in November, Phocuswright, the travel industry's leading Online tour & attraction gross bookings will more than double from 2015 to 6 Apr 2018 Travel agency share drops when Phocuswright adds in OTA dynamic packaging (e.g., Expedia bundles), but even then, agent market share still Travel Market Size Overview. Innovations in corporate travel technology reflect macro business and technology trends. Whether it is the need to consolidate global data, travel market size, expand purchasing control over a wider variety of services or simplify the booking and expense process, the common theme is greater control and an improved user experience.
Whether it is the need to consolidate global data, travel market size, expand purchasing online travel applications and controlling all travel market size- related
Online travel agencies have faced their share of hurdles across the globe but remain resilient in the U.S. market. According to Phocuswright’s latest travel research report U.S. Online Travel Agencies 2019: Market Sizing and Landscape , OTAs delivered US$78 billion in gross bookings in 2019, a 7% increase from $72 billion in 2018. Travel and tourism is one of the world’s fastest-growing sectors, with bookings hitting close to $1.6 trillion in 2017.1 A strengthening global economy lies at the heart of industry growth. Each year, the global traveler pool is flooded with millions of new consumers from both emerging and developed markets, many with rising disposable incomes and a newfound ability to experience the world. The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. Online travel providers aim to ease travel planning and bookings for travelers.
16 Jan 2020 Attractions industry worth $180bn in global travel spend data from research firm Phocuswright, tours, activities and attractions are currently the growing online travel experience markets and we can see a pattern forming.” agents and operators of the industry to share information, insights and network.
6 Apr 2018 Travel agency share drops when Phocuswright adds in OTA dynamic packaging (e.g., Expedia bundles), but even then, agent market share still Travel Market Size Overview. Innovations in corporate travel technology reflect macro business and technology trends. Whether it is the need to consolidate global data, travel market size, expand purchasing control over a wider variety of services or simplify the booking and expense process, the common theme is greater control and an improved user experience. Phocuswright’s Global Online Travel Overview 2019 provides and compares total and online travel gross bookings for six regions: the U.S./Canada, Europe, Eastern Europe, Asia Pacific (APAC), the Middle East and Latin America (LATAM). The market sizing and analysis presented here is sourced in part from several Phocuswright publications and data products:U.S. Online Travel Overview 2018Europe