Global Online Travel and Tourism Industry Forecasting & Statistical Analysis [Infographic]
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The growth of online travel booking businesses has triggered worldwide with the ease of online booking through mobile apps or website. The online travel industry has widely evolved over the past few years and, is expected to grow with $817.54 billion online travel sales by 2020 (Source: infographic attached). And, anticipated to reap $1,091 billion revenue by 2022, within the projected period of 2016-2022. The travel e-commerce market players introduce the latest technological apps to attract young travelers which allow travelers to plan: • Pre-planned itineraries • In-advance leisure activity bookings • Quick price comparison on other websites • Destinations reviews for hotels, places etc. It is recorded that the young professional's age group between 22-31 years spends about $200 billion every year on travel. To check exclusive travel eCommerce marketplace business idea & solution visit https://www.fatbit.com/online-travel-activity-marketplace-solution.html
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Global Online Travel and Tourism Industry Forecasting & Statistical Analysis [Infographic]
- 1. DigitalTravelBookingsGrowth DistributiononDigitalTravelBookings, byRegion(2017-2020) TechnologiesImportantfor TravelBooking(forRetailers) SmartphoneShareofOnline TravelBookings,byCountry OnlineBookingBehaviorofTravelers ResourcesThatImpactTheirTravelPlans TravelingCompanions WhomPeoplePrefer toTravelwith PeopleWhoPostOnlineReviews AfterTraveling,ByAge //////////////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////////////// //////////////////////////////////////////////////////////////////////////////////// 60% 50% 40% 30% 20% 10% 0%0% 16-24 Shareofrespondents Age 25-34 35-44 45-54 55-64 54% 58% 46% 37% 33% HowMillennials’TravellingHabits DifferfromOtherAgeGroups MILLENNIALS OTHERS PopularLeisureActivities AmongTravelers With41% onlinepenetration,travelbooking industryisoneoftheleadingsectorsgrowing bythemeansoftechnology.Andforthemost part,thisgrowthisdrivenbyleisuretravel- ers,whoaccountfor60% ofthetotalonline travelbookingsworldwide. Thefreedom toplanitinerarieswiththehelpofdifferent digitaltools,quickpricecomparison,reviews,andothersuch facilitieshastriggeredthegrowthofonlinetravelbookings inpastfewyears,anditwillcontinuetodoso. XYZAirlines XYZ Airlines /////////////////////////////////////////////////////////////////////////////// /////////////////////////////////////////////////////////////////////////////////////////////////////////////////// /////////////////////////////////////////////////////////////////////////////////////////////////////////////////// /////////////////////////////////////////////////////////////////////////////// 1,000 800 600 400 200 0 2017 OnlinetravelsalesinbillionU.S.dollars 2018 2019 2020 629.81 693.91 755.94 817.54 2017 2018 2019 City Break 53% 9% 38% 8% Activity Holiday Beach Holiday Cruise 24% Countryside Break 8% TriptoSee MusicEvent 8% 10% 7% Train Holiday RentingaPrivate Home Lakes& Mountains 18% All-Inclusive Holiday 2020 AsiaPacific NorthAmerica WesternEurope LatinAmerica MiddleEastandAfrica CentralandEasternEurope Japan June2015 June2016 33% 25% 65% 54.7% 54.5% 24% 20% 16% Turkey UnitedStates User-Generated Content SocialMedia MobilePhonesto AccessTravelinfo 52.6% 26.6% 22.4% PrintResources GroupDiscount Website OnlineVideos Canada Italy Partner Only Extended Family Alone Groupof Friends Including Kids Immediate Family Adult Only Group 51% 39% 23% 20% 13% 6% /////////////////////////////////////////////////////////////////////////////// 80%oftraveldecisionsaremadebywomen. Didyouknow: 62%ofsame-daybookingsaredoneonmobile Offer Offer Offer 47% Whohastravelappson theirphone? 36% 19% Wholikesautomated Check-ins? 75% 52% Whowantstotravel abroadasmuchas possible? 69% 13% Whohasmoreweekend tripsayear? 75% analysis Onlineleisure travelindustry MillennialsTravelingBehavior 60% PayForIn-Flight Services 75% PayForPremium Services 58% PreferFull Service Hotels 94% Use Facebook 74% Searchtravel informationon mobile 2in3 PostAtLeast 1PhotoADay 85% Checkmultiple websitesfor bestdeals Fact: Millennialsarethelargestgroupoftravelers ©2004-2017FATbitTechnologies.Allrightsreserved. Allimages,artwork,textandgraphicsonthisinfographicarethepropertyofFATbitTechnologies®.Useofthiscontentinanyway,shapeor form forcommercialpurposewithoutthewrittenpermissionofFATbitTechnologiesshallbeconsideredthebreachofCopyrightand Intellectualrights. Source: https://www.statista.com/ https://www.hospitalitynet.org/ https://skift.com/ 31.8% 23.5% 34.3% 5.1% 4.1% 1.2% 30.2% 22.3% 36.6% 5.3% 4.4% 1.2% 38.5% 28.9% 21.5% 5.5% 4.7% 1.2% 40.2% 27.6% 20.2% 5.7% 5% 1.2% 10 9.5 9 8.5 8 7.5 77 Mobile Apps Mobile Messaging &Bots Websites Social Networks Online Retailing BigData Analysis