Online Travel Agencies Contribute to GDP Growth in Europe

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According to an Oxford Economics study, online travel platforms create additional GDP growth for Europe even during the COVID-19 pandemic, when the travel sector hit rock bottom: in 2021, online travel agencies contributed to 11.8 billion euros of incremental GDP in the EU. This contribution was much greater before the pandemic: in 2019, 33.7 billion euros of incremental GDP in the EU can be attributed to online travel platforms. Online travel platforms also create jobs and lead to increased hotel room bookings.

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This graphic shows that online travel agencies contribute to Europe's GDP growth.

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Online Travel Agencies Contribute to GDP Growth in Europe

Sponsored post by Booking.com