Online travel sales to residents are expected to see slightly stronger growth in comparison to overall travel in 2017, with a current value increase of close to 5%. Growth is continuing to be driven by consumers' demand for convenience and ease of booking, with online bookings benefiting from a wide range of timesaving apps. Growth is however being constrained by a degree of maturity, with online sales firmly in the mainstream by the end of the review period and online sales to residents accounting for almost 70% of overall travel sales.
Online travel sales to residents are now firmly in the mainstream and will thus see growth in line with overall travel sales in the forecast period. Value growth at constant 2017 prices will be impacted by the same factors constraining overall travel sales to residents, including economic uncertainty and a weak pound sterling. Sales growth will also be constrained by intensifying price competition, with online travel sales increasingly crowded and competitive. Consequently, sales growth is expected to drop from 4% review period CAGR to just 2% CAGR in the forecast period.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
Understand the latest market trends and future growth opportunities for the Online Travel Sales to Country Residents industry in United Kingdom with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Online Travel Sales to Country Residents industry in United Kingdom, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Online Travel Sales to Country Residents research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page