Already the world’s largest regional travel market, Asia Pacific (APAC) continues to develop rapidly. Tourism infrastructure improvements, more advanced telecommunications and digital payments access are all fueling travel bookings growth, and the online share of travel revenue is advancing quickly. This market sheet provides quick and easy access to Asia Pacific travel market sizing data from 2016-2022, including key sectors, segments and distribution channels.

Growth rates in the world of public online travel once again slowed in 2018, but remained in double-digit territory, rising more than twice as fast as the total global travel market. Collective gross bookings from 10 publicly reported companies across the globe rose 19% year over year (YoY). After tracking Ctrip’s ongoing yearly rise in anticipation, the Chinese OTA disclosed total gross booking figures for 2018 that indicate it has finally surpassed both Expedia and Booking, despite slower annual growth in Asia Pacific. Currencies rebounded in Europe but remained unstable in Latin America.

This special collection of individual reports – curated by our team of analysts – represents Phocuswright’s most essential travel market sizing research, data and analysis. For those seeking market sizing information for key travel markets and regions across the globe, we recommend this content as a great place to start.