Over 70+ Online Travel Booking Statistics (2020-2021)
Consumers aren’t ready to put their laptops away just yet, with mobile conversions still far lower than the trusted desktop. Sustainability is driving hotel decisions and how global mobile usage continues to grow.
83% of US adults now prefer to book their travel online. 70% of travellers research travel on their smartphone. 82% of all travel bookings were made online via a mobile app or website, without human interaction. Hotels’ average online conversion rate is 2.2%. Online travel bookings account for 27% of all online spending.
70% of global travelers would be more likely to book a hotel if they knew it was eco-friendly, and 55% of travelers around the world are now more determined to make sustainable travel choices, according to TripAdvisor, one of the most influential travel booking websites.
Mobile has gradually increased its market share of overall online travel bookings, though nearly 80% still prefer to book on a desktop or laptop. One-stop-shop online travel agencies are expected to own 41% of the online digital travel market by 2020. 50% of all travel apps are deleted within a month of being downloaded.
How many people book tours online?
How many people book travel online? Every year, 148.3 million people book travel online, with sales expected to reach $817 billion by 2020.
How big is the online travel market?
The global online travel market is expected to grow at a compound annual growth rate (CAGR) of 13.16% from USD 570.25 billion in 2017 to USD 1,134.55 billion by 2023, with a CAGR of 13.16% over the forecast period. The online travel industry has undergone several changes over the last decade as a result of technological advancements.
What percentage of flights are booked online?
Online travel bookings as a percentage of total travel market worldwide 2016-2020 The statistic depicts the share of travel booked online globally in 2016 and 2020, by region. For example, in 2016, 39 percent of travel in the United States was booked online.
What age groups travel the most?
With an average of 35 vacation days per year, millennials between the ages of 23 and 38 appear to be the age group that travels the most.
Is Priceline owned by Expedia?
CheapTickets, Hotels.com, Hotwire Group, Orbitz, Trivago, and Travelocity are among Expedia’s holdings, while Booking.com and Kayak are owned by Priceline Group. Older travelers and those with accumulated loyalty or reward points are more likely to buy airline tickets or book a hotel room directly.
Who is Expedia owned by?
Expedia Inc. is an online travel agency owned by Expedia Group, a Seattle-based American online travel shopping company.
How do most people book travel?
Despite the fact that mobile research and bookings have grown, the majority of travelers, particularly those on personal trips, still book on a desktop or laptop, with 94% of leisure travelers switching between devices while planning or booking a trip.
Who rules the online travel market?
Expedia Australia Pty Limited, Booking.com (Australia) Pty Limited, Airbnb Australia Pty Ltd, and Webjet Limited are the largest companies in the Online Travel Bookings industry in Australia, with Expedia Australia Pty Limited, Booking.com (Australia) Pty Limited, Airbnb Australia Pty Ltd, and Webjet Limited holding the largest market share.
What are the trends in travel agency?
These are some of them:
- The fusion of business and leisure travel. Increasing automation. Mobile bookings. Personalization of trips. A focus on sustainable tourism.
- Transformative travel.
- Experience tourism.
- Solo travel.
What percentage of hotels are booked online?
We discovered that 75% of people now book hotels online, while 15% still book through a travel agent. Of those who book online, 40% used booking.com, 20% used hotels.com, and 12% used other aggregator sites.
Why is there an increase in number of market share of online travel agents?
Skilled workforce shortages and high air travel taxes hampered growth in the past, but shifts in travel trends, the resurgence of staycations, faster economic growth, a surge in smartphone users, and government initiatives will drive the market for online travel agents in the future.
What is online travel market?
The online travel industry is made up of two types of websites: travel e-commerce websites and review websites. Travel e-commerce websites offer advice on various accommodations, destinations, and attractions, as well as information on how to get to them.