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Year-on-year weekly change in rental bookings through OTAs due to COVID-19 2020

The global travel and tourism market was one of the worst hit by the coronavirus (COVID-19) pandemic. As a result, online travel companies such as Booking.com were left dealing with the virus' damaging effects. In the first week of 2020, there were three percent more short-term rental reservations through Booking.com than in the previous year. By week two, the figure rose to 35 percent more year-over-year reservations. However, this growth didn't continue and in week 14 of 2020, short-term rental bookings on the Booking.com platform saw a 91 percent drop over the previous year as a result of the coronavirus pandemic. As of week 35, there was a 66 percent drop in short-term rental bookings on the Boooking.com platform.

Year-over-year change in short term rental bookings through selected leading online travel agencies worldwide from week 1 to week 35 in 2020

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Sources

Release date

October 2020

Region

Worldwide

Survey time period

Week 1 to Week 35 2020

Supplementary notes

Source did not provide a publication date. Release date was date accessed.

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Statistics on "Online travel market worldwide"

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