Asia Pacific Online Travel Overview 2019 provides up-to-date data and analysis on the Asia Pacific (APAC) travel market, with sizing estimates and projections from 2016-2022. Online Travel Industry Overview: The Online Travel Market is estimated to garner $1,091 billion by 2022, registering a CAGR of 11.1% during the forecast period 2016-2022. Over the past ten years, the recovery collided with an economic turning point in global emerging markets— fueling a historic burst in travel demand felt by segments across the travel industry. 2019 marks a decade since the US travel industry emerged from the depths of economic recession. And what a decade it’s been. Online travel sales worldwide are projected to increase at a single-digit growth rate annually between 2019 and 2022, outpacing the overall travel market. Skift Research launched its first market-size estimate report on the U.S. passenger airline sector in January 2019. Travel accommodation refers to the lodging rented by travelers for the purpose of stay. Over the past 10 years, the surge of recovery collided with an economic turning point in global emerging markets—fueling a historic burst in travel demand felt by segments across the travel industry. Online travel providers aim to ease travel planning and bookings for travelers. Get up to speed on any industry with comprehensive intelligence that is easy to read. Find industry analysis, statistics, trends, data and forecasts on Travel Agencies in the US from IBISWorld. And what a decade it’s been. Industry market research reports, statistics, analysis, data, trends and forecasts. 2019 marks a decade since the US travel industry emerged from the depths of economic recession. The global travel accommodation market size was valued at $632.8 billion in 2018, and is projected to reach $893 billion by 2026, registering a CAGR of 4.50% from 2019 to 2026. The global leisure travel market size was valued at $1,006.5 billion in 2019, and is projected to reach $1,737.3 billion by 2027, registering a CAGR of 22.6% from 2021 to 2027.By traveler type, the group segment garnered the highest leisure travel market share in 2019 and is expected to retain its dominance throughout the forecast period.

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