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China is among the world’s fastest-growing economies, and its travel market is projected to grow 9-11% annually for the next several years. This continued growth is being driven by more citizens joining the traveling class, improvements in transportation infrastructure, and suppliers and intermediaries tailoring their products to the Chinese traveler. This report provides market sizing, trends and analysis on the Chinese leisure travel market, with projections through 2021.Analysts: Maggie Rauch, Coney Dongre, Deepak JainTopic: Market Overview & SizingRegion: Asia PacificResearch Type: Report
Fueled by a dramatic jump in the country’s middle class and affluent population, travel is increasingly accessible to a wider swath of the population in China. Online travel bookings are expanding at roughly triple the rate of the total market, as both suppliers and OTAs refine their products and distribution strategies. This report provides a comprehensive look at China’s travel market through 2020, with analysis of key travel segments, online distributions channels, mobile and more.Analysts: Maggie Rauch, Charlie Li, Coney Dongre, Deepak JainTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Cruise, Hotels & Lodging, Online Travel Agencies, RailRegion: Asia PacificResearch Type: Report
India’s online travel market is approaching maturity, as more segments transition to digital channels. Through 2022, online travel gross bookings will grow in double digits and outpace the overall travel market. Still, offline sales remain very prominent for travel distribution because of generally low digital payments adoption and weak credit card penetration. This report provides a top-level overview of the Indian travel market, including background, key characteristics, market structure and major players in each segment.Analysts: Chetan Kapoor, Deepak JainTopic: Market Overview & SizingSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: Asia PacificResearch Type: Report
The U.S. hotel industry remains healthy, reaping the benefits of stronger economic growth and increased demand. Good fortune should continue, as forecasters predict record occupancy for U.S. hotels to last throughout the decade. However, a series of challenges continues to stall growth in average daily rate (ADR), such as increased supply, the impact of discounted loyalty rates and pressures from private accommodation.Analyst: Lorraine SileoTopics: Market Overview & Sizing, MobileSegment: Hotels & LodgingRegion: U.S. & CanadaResearch Type: Report
Technology plays a growing role in individual lifestyles and how people engage with their surroundings. Smartphones and wearables are ever-present companions. Unlimited entertainment options are instantly available across multiple devices by subscription. Digital assistants answer questions and execute commands. As consumer reliance on technology increases, expectations while traveling will inevitably grow.A combination of these new direct and indirect needs will permanently change the hotel guest experience. Hotel design will become more focused on satisfying various guest personas demanding the technological conveniences of home and office while traveling.Analyst: Robert ColeTopic: Technology InnovationSegment: Hotels & LodgingResearch Type: Report
Online travel agencies (OTAs) represent the fastest-growing online distribution channel in Asia Pacific (APAC), with aggregate gross bookings projected to climb 68% from 2017 to 2021. China is APAC's biggest OTA market, and the mobile channel now accounts for a majority of OTA bookings in the region. The report presents an overview of the Asia Pacific OTA landscape from 2015-2021, including gross bookings, major players, key trends, the impact of mobile and more.Analysts: Chetan Kapoor, Maggie RauchTopics: Market Overview & Sizing, MobileSegment: Online Travel AgenciesRegion: Asia PacificResearch Type: Report