Revenue in the Hotels segment is projected to reach US$106.10bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 3.32%, resulting in a projected market volume of US$120.90bn by 2027.
In the Hotels segment, the number of users is expected to amount to 160.6m users by 2027.
User penetration is 45.6% in 2023 and is expected to hit 46.7% by 2027.
The average revenue per user (ARPU) is expected to amount to US$0.69k.
In the Hotels segment, 78% of total revenue will be generated through online sales by 2027.
In global comparison, most revenue will be generated in the United States (US$106,100.00m in 2023).
The Hotels segment includes hotels and professionally-run guest houses. These accommodations can be booked directly via the providers website, through a tour operator, a travel agency, an online travel agency (OTA), or by telephone. Well-known providers are Hotels.com, trivago, and Booking.com. The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. Users represent all hotel guests. The scope includes domestic and outbound travel.
Private accommodation and holiday flats, as well as private room and accommodation rentals that are booked via portals such as Airbnb are not included.
Booked directly via the providers website, through a tour operator, an online travel agency (OTA), a travel agency or by telephone
Private accommodation and holiday flats, private room and accommodation rentals (e.g. Airbnb)