Sponsored post by Booking.com
Online travel platforms make travel more affordable for US consumers
Research from an Oxford Economics study on the impacts of online travel agencies in the US suggests that booking websites have a price-dampening effect on the travel accommodation market. Over a three-year period from 2019 to 2021, online travel platform activity lowered average room rates in the US by as much as eight US dollars.
Description
This infographic shows the impact of online travel platforms on the US average hotel room rate from 2019 to 2021.
Total hotel gross bookings via travel agencies in the United States from 2016 to 2021 (in billion U.S. dollars)
Online travel market size in the United States from 2017 to 2024, with a forecast to 2030 (in billion U.S. dollars)
Monthly change in short term rental bookings through selected leading online travel agencies (OTAs) worldwide from 2020 to 2022
Reasons for using online travel agencies (OTAs) in the United States, as of May 2015
Which of the following travel websites or apps did you use to shop for hotels and accommodation(s)?
Share of travel agency revenue earned via online booking tools in the U.S. in 2014, by agency type
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