Travel Booking Industry Revenue

The online travel market is driven by quick and convenient flight and hotel bookings rise in.

Travel booking industry revenue. In 2017 the travel and tourism industry in the us generated more than 1 6 trillion in economic output. Share of hotel direct room booking revenues via mobile apps in 2018 2022f booking channels used in of travelers by generation 2018 breakdown of online accommodation bookings by platform. This output represented 2 8 of the total gross domestic product.

According to the report the global online travel booking market was valued at approximately usd 765 billion in 2017 and is expected to generate usd 1 955 billion by 2026 growing at a cagr of. This is a significant growth compared to 556 billion posted in 2009. Mobile travel booking market size sales revenue forecast by regions and countries from 2020 to 2026 of mobile travel booking industry.

Additionally in 2017 the gross booking and revenue were 799 billion. Online travel industry overview. The travel tourism market contains package holidays hotel stays private vacation rentals and cruises.

Mobile travel booking market trend for development and marketing channels are analysed. Mobile travel booking market growth is expected to grow at a cagr of roughly xx over the next five years will reach xx million us in 2026 from xx million us in 2020 according to a new study. Revenue in the travel tourism market is projected to reach us 348 867m in 2020.

Booking holdings has become one of the key players in the global online travel industry as the company s revenue has seen steady growth over the past 12 years. Actually this digital trend is the easiest to implement into the travel. Key hospitality industry statistics.