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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
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This publication is the Chinese language version of Phocuswright's China Unbounded: The Rapid Rise of China's Outbound Millions. 虽然中国游客已成为一股新兴力量，很多中国人依然不熟悉坐飞机旅行，海外游对他们来说还是新鲜事物。但是伴随着更加繁荣与逐渐放宽的签证限制，人们正在弥补过去未能实现的出境旅游愿望。在2015年，出境旅游的中国公民达1.2亿人次。这一报告是对中国出境游客进行的首次调查，从目的地选择到在线选购习惯和旅行目的地的活动的购买，以及对贯穿整个旅游过程的各种行为和动机都进行了考察。Analysts: Maggie Rauch, Ershan Wang, Mark Blutstein, Bing Liu, Douglas QuinbyTopic: Consumer TrendsSegments: Air, Car Rental & Ground Transportation, Hotels & Lodging, Online Travel Agencies, Rail, Tours & PackagesRegion: 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
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.Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesRegions: Asia Pacific, Europe, Latin America, U.S. & CanadaResearch Type: Report
Hotels and air have historically been the biggest pieces of OTA business, but 2018 kicked off with a flurry of activity around the less-talked-about segments like activities, packaging, rail and car. Public online travel companies made alignments and acquisitions, and rolled out technology and product enhancements, all in the name of offering a fuller plate of travel services. Meanwhile, currencies rebounded in some parts of the world but remained volatile in others. Collective gross bookings from 10 publicly reported companies rose 22% in the first half of 2018 (1H18).Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Report
Big changes from the very top marked a new era for online travel’s biggest public companies in 2017. Booking Holdings (formerly The Priceline Group) started the year under the new leadership of Glenn Fogel, while Expedia kicked off Q3 with Mark Okerstrom stepping up as CEO after Dara Khosrowshahi ended his tenure. In the Asia Pacific (APAC), Jane Sun wrapped her first full year as Ctrip’s CEO, and MakeMyTrip president and Ibibo Group founder Ashish Kashyap resigned in September. Buenos Aires-based online travel agency Despegar.com filed for a $100 million IPO in August, bringing Latin America (LATAM) into the public pool.Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesRegions: Asia Pacific, Europe, Latin America, U.S. & CanadaResearch Type: Report
Following major global consolidation in 2015, the OTA landscape further morphed in 2016, albeit at less unsettling levels. Ctrip acquired Skyscanner, MakeMyTrip and Ibibo Group merged, Webjet sold Zuji, and Trivago and Yatra went public. Brexit and attempted travel bans by the U.S. sent shockwaves around the globe, but these had seemingly little impact on OTA performance. Collective gross bookings by nine publicly reported OTAs rose 31% on the year. This report covers 2016 gross bookings, growth, and key developments and challenges for global OTAS and major travel intermediaries in the U.S., Europe and APAC regions.Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch Type: Report
Public online travel companies increasingly tried to be everything to everyone in the first half of 2017 (1H17), no longer satisfied with just sticking to the business of processing travel transactions or driving clicks. Eyes were on metasearch as newly public Trivago set off to pursue global ambitions, and Priceline’s Kayak gobbled up international players Momondo and Mundi. The biggest online travel agencies (OTAs) went full speed ahead integrating vacation rental options into their booking engines to keep their accommodation businesses competitive amidst private accommodations’ rising popularity. The online travel world remained resilient and optimistic as collective gross bookings by nine publicly reported companies rose.Analyst: Alice JongTopic: Market Overview & SizingSegment: Online Travel AgenciesResearch Type: Report
Online travel agencies (OTAs) charged forward in 1H16 following 2015’s year of consolidation. Rising online penetration and travel demand continued fueling Asia Pacific’s (APAC) rapid growth, and APAC OTAs chipped away at U.S. OTAs’ global market share of gross bookings. Hoteliers challenged OTAs with more aggressive direct booking tactics and APAC intermediaries continued unsustainable discounting schemes that grew market share but hurt profits. Collective gross bookings from eight publicly reported OTAs surged despite unpredictable external events such as European terrorist attacks, the Zika outbreak and “Brexit.”Analysts: Alice Jong, Douglas QuinbyTopic: Market Overview & SizingSegment: Online Travel AgenciesRegions: Asia Pacific, Europe, U.S. & CanadaResearch 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