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Global Travel Accomodations Market Overview 2024

Publisher yStats.com
Published Nov 11, 2024
Length 58 Pages
SKU # YST19310168

Description

Global Travel Accomodations Market Overview 2024



Global Online Travel Accommodations Market Overview 2024 Reveals The Global Number Of Travel App Downloads Surpassed 3 Billion In 2023

Digital Platforms Drive Global Travel Booking Growth

OTAs and digital travel platforms like Booking.com and Airbnb continue to grow, capturing a larger share of global hotel bookings due to consumer preference for convenience, competitive pricing, and easy online booking.

Mobile and AI Shape Modern Travel Experiences

Mobile use has become essential in travel, with more than a third of bookings now made via mobile apps and sites. Travelers increasingly use mobile for last-minute bookings, while AI and digital tools enhance personalization and efficiency, with 40% of travelers using AI in their booking process.

Direct Booking Channels Lose Ground to OTAs

OTAs’ extensive options and price comparisons have led to a slight decline in direct booking market share, despite hotels' efforts to promote direct channels through loyalty perks.

Table of Contents

58 Pages
1. Key Takeaways
2. Management Summary
3. Global Online Travel Accommodations Market Overview
Total Revenue of Booking.com, in USD billion, 2022 & 2023
Gross Travel Booking Value of Booking.com, in USD billion, 2022 & 2023
Number of Annual Booking.com App Users, in millions, 2018-2023
Airbnb Revenue Value, in USD billion, 2022 & 2023
Airbnb’s Gross Bookings Value, in USD billion, 2022 & 2023
Trip.com’s Corporate Travel Revenue, in USD million, Q1 2023 & Q1 2024
Share of Hotel Reservations from Direct Bookings, in %, 2022 & 2023
Share of Online Booking Revenue from Direct Channels, in %, 2023
OTA, Direct, and Offline Hotel Bookings Making Up Total Bookings, in %, 2022 & 2023
Share of Direct Bookings Making Up Total Hotel Bookings, in %, 2023
Number of Travel App Downloads, in billions, 2022 & 2023
Annual Growth of Downloads of Travel Booking Categories, in % of Year-on-Year Growth, 2023
Growth of Downloads of Travel Booking Apps from 2019, by app Type, in % of Growth, 2023
Share of Potential AI Application Use of Hotels, in %, 2023
Share of AI Technology Used by Hotels for Environmental Protection, in %, 2023
AI Use Cases in Travel, in % of Travelers, October 2023
Number of Hotel Check-Ins of “Hilton” Through App , in millions, June 2022 & June 2023
Share of Travelers Who Want the Option to Use a Digital Hotel Room Key, in %, June 2024
Average Time Travelers Spent on Resources Used on the Path to a Travel Purchase, in Minutes, April 2023
Share of Travelers Who Visit an OTA Prior to Travel Purchase, by Travel Purchase Type, in % of Travelers, April 2023
Resources Used Leading Up to Travel Purchase, in % of Travelers, April 2023
Where Travelers Made a Travel Purchase for Their Most Recent Trip, in % of Travelers, April 2023
Average Number of Pages Viewed by Travelers in the 45 Days Leading Up to Travel Purchase, by Website Type, in Pages, April 2023
Components That Travelers Who Booked Multiple Trip Components Booked First, in % of Travelers, April 2023
Travel Guests Who Are More Likely Than Average to Be Influenced by Advertising, by Guest Type, in % of Travelers, April 2023
Breakdown of Where Hotel Guests Booked Their Trip, in %, April 2023
Share of Travelers That Are Most Likely to Visit an OTA Next After Visiting a Hotel Or Airline Website Or App, in %, April 2023
Share of Travelers That Are Most Likely to Visit Another Travel Website Such as an Airline, Hotel, or Meta Travel Website Next After Visiting an OTA, in %, April 2023
4. Europe Online Travel Accommodations Market Overview
4.1. Regional
Annual Growth of Guest Nights Booked via Top 4 Platforms, by Year, in % of Year-on-Year Growth, 2021 & 2022
4.2. EU Regional
Nights Spent in Short-Stay Accommodation Booked Via Online Platforms, in millions, Q2 2018-Q2 2024
Nights Spent in Short-Stay Accommodation Booked Via Online Platforms, in millions, in % of Month-on-Month Change, April 2024-June 2024
Most Popular Regions for Short-Term Rental Accommodation Booked Via Online Platforms, by Number of Nights, in millions, Q1 2024
5. North America Online Travel Accommodations Market Overview
5.1. U.S.
Share of Hotels Making Up OTA Gross Bookings, in %, 2023
Breakdown of the Travel Booking Apps Market, in %, 2023

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