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Learn moreSep 2017
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Online travel sales to residents continued to register strong value growth in 2017, with a sales rise of 6%. In general, more and more Singaporeans are choosing to do their travel planning, from sourcing to booking, online and on their own. According to a study by metasearch site KAYAK, the number of Singaporeans referring to online travel agents (OTAs), social media and blogs for travel inspiration has increased more than two-fold compared with just 10 years ago. The proportion of Singaporeans making travel bookings online has also increased substantially, to 89%; whereas 10 years prior it was just 36%.
In the forecast period, the online travel sales to residents category is expected to achieve a value CAGR of 8% at constant 2017 prices, and reach SGD8.8 billion in 2022. Singaporeans’ preference for using online channels for almost the entire travel planning process will only increase in the future, and the presence of metasearch engines will only make online travel planning and booking more efficient and attractive for them.
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Overview:
Discover the latest market trends and uncover sources of future market growth for the Online Travel Sales to Country Residents industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Online Travel Sales to Country Residents industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
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This industry report originates from Passport, our Travel And Tourism market research database.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.