Use online intermediaries for expedited post-pandemic travel booking. Online travel agencies will experience strong growth opportunities. The global travel market is recovering from the negative effects of the pandemic, according to recent data cited in the report.
New York, July 28. 2022 (GLOBE NEWSWIRE) — Reportlinker.com Announces Release of “Global Online Travel Market 2022” Report – https://www.reportlinker.com/p02063566/?utm_source=GNW
This gives growth momentum to the online travel booking channel, which is poised to grow significantly in 2022 compared to last year. For example, the United States will experience double-digit growth in gross airline bookings 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 increase in the coming years. years, with a double-digit CAGR expected for countries like Indonesia, Singapore and Thailand.
Booking.com leads online travel market sales in all regions
As the new report revealed, Booking.com was the world’s highest revenue generator in the online travel agency market, reaching multi-billion dollar double-digit revenue in 2021. It also recorded nearly one hundred million mobile application 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 are also seeing growth in various markets, as the new report highlights.
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