Intermediaries recorded 6% retail value growth to reach THB116.0 billion in 2017. This was mainly driven by online sales, which witnessed strong double-digit growth, as opposed to offline sales, which continued to decline. The higher internet penetration rate, coupled with faster connectivity, more secure online transactions, greater convenience when making bookings, as well as the ability to easily compare rates and gather information, drove online bookings in 2017.
Intermediaries is expected to record a retail value CAGR of 4% at constant 2017 prices over the forecast period, largely driven by growth in online sales. By 2018, the proportion of online sales is expected to overtake offline sales. Online intermediaries lodging sales is expected to be the strongest contributor with a double-digit value CAGR at constant 2017 prices.
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Understand the latest market trends and future growth opportunities for the Intermediaries industry in Thailand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Intermediaries research and analysis database.
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