New York, July 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Global Online Travel Market 2022” report – https://www.reportlinker.com/p02063566/?utm_source=GNW
This provides a growth momentum for the online travel booking channel, which is poised to expand significantly in 2022 compared to last year. For example, the US will see double-digit growth in gross airline bookings coming from online channels after 2022. Even for the Asia-Pacific market, the use of online platforms for booking travel-related services is expected to grow in the future years, with double-digit CAGRs projected for countries including Indonesia, Singapore and Thailand.
Booking.com leads the online travel market in sales across regions
As revealed by the new report, Booking.com was the highest revenue producer globally within the online travel agency market, reaching a double-digit billion dollar revenue figure in 2021. It also had nearly a hundred million downloads. of mobile applications 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 experiencing growth in various markets, as highlighted in the new report.
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Read the full report: https://www.reportlinker.com/p02063566/?utm_source=GNW
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