Category: Travel Services
Travel Services market research reports by Euromonitor International
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Tourism Flows in Peru
Tourism Flows in Peru Tourist flows experienced significant growth during 2022 and have continued to grow in 2023, although to a lesser degree. However, they remain at levels below those seen immediately prior to the outbreak of COVID-19, especially in terms of the number of visitors. In terms of va ... Read More
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Tourism Flows in Portugal
Tourism Flows in Portugal Inbound tourism is set to surpass 2019 values during 2023, decelerating afterwards, in a context of dissipation of the effects of delayed demand during the pandemic. Cultural activities, visits to monuments and museums and overall experiences are also set to surpass 2019 va ... Read More
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Lodging (Destination) in Taiwan
Lodging (Destination) in Taiwan Hotels in Taiwan continued to bounce back in 2023, although the number of room nights remained below pre-pandemic levels. The sector suffered during the pandemic, due to mobility restrictions, with resulted in some hotels closing, or becoming quarantine hotels, for an ... Read More
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Tourism Flows in Taiwan
Tourism Flows in Taiwan Following the lifting of all COVID-19-related entry restrictions in October 2022, the volume of inbound arrivals to Taiwan in 2023 dramatically increased. The government also resumed visa-free travel for citizens of major countries within Europe, North America, Oceania and As ... Read More
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Booking in Taiwan
Booking in Taiwan Retail sales of bookings continued to grow strongly in constant value terms in 2023. This trend was driven primarily by leisure travel, due to the release of pent-up consumer demand. Japan was the most popular destination for Taiwanese consumers, with the weakening of the Yen makin ... Read More
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Tourism Flows in Mexico
Tourism Flows in Mexico The Mexican travel industry has witnessed a remarkable recovery, with inbound visitor spending surpassing the 2019 performance in 2022 in current value terms, with the anticipation of double-digit growth in 2023 and also in 2024. In 2023, inbound arrivals are also expected to ... Read More
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Tourism Flows in the Netherlands
Tourism Flows in the Netherlands Coronavirus (COVID-19) is no longer of significant influence on outbound travel from the Netherlands in 2023. The COVID-19 virus was declared endemic in February 2023, with most of the pandemic measures already lifted in the Netherlands in early 2022. This created co ... Read More
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Lodging (Destination) in the Netherlands
Lodging (Destination) in the Netherlands The rebound in the number of outlets alongside improving inbound tourism flows are expected to boost lodging’s performance over 2023. There is set to be a further increase in the number of outlets across lodging over 2023, supported by newly-built hotels, esp ... Read More
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Booking in South Korea
Booking in South Korea Two key players in South Korea's online travel agencies are Yeogi Eottae and Yanolja, which both began as OTAs focused on lodging in the country. However, they are continuously expanding their businesses beyond this sector to include different travel modes and international bo ... Read More
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Lodging (Destination) in Peru
Lodging (Destination) in Peru The lodging sector saw significant growth in 2022 and continued to grow in 2023, but to a lesser degree. However, its sales remained well below the levels registered prior to the pandemic, with growth rates being lower than the increase in flow of tourists. This is beca ... Read More
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Booking in Mexico
Booking in Mexico Booking has experienced remarkable current value growth, particularly fuelled by leisure travel, which is set to continue in 2023. Leisure travel encompasses holidays and recreational trips undertaken by individuals seeking relaxation, exploration, and enjoyment. The significance o ... Read More
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Booking in the Netherlands
Booking in the Netherlands Current value sales of leisure packages are projected to see dynamic growth in 2023, following an exponential increment over 2022. As a result, leisure packages current value sales are expected to return very close to the 2019 pre-Coronavirus (COVID-19) level at the end of ... Read More
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Lodging (Destination) in the United Arab Emirates
Lodging (Destination) in the United Arab Emirates Dubai has shone as a regional leader in hotels in 2023, captivating travellers with its luxurious offerings, exceptional services, and diverse experiences. Boasting world-class amenities and catering to various preferences, from luxury seekers to cul ... Read More
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Lodging (Destination) in Portugal
Lodging (Destination) in Portugal Boosted by inflation, inbound tourism recovery, a strong domestic market and the rise of average daily rates, lodging saw value sales surpass pre-pandemic levels in 2022, with the positive trend maintained in 2023 with both value sales and bed nights reaching peaks ... Read More
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Travel in the Netherlands
Travel in the Netherlands In 2023, the number of leisure outbound trips is projected to exceed the 2019 pre-Coronavirus (COVID-19) level. Fuelled by still high pent-up demand, there have been high numbers of bookings for May and summer holidays, with land, rail and air travel prominent. Travel and t ... Read More
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Lodging (Destination) in Mexico
Lodging (Destination) in Mexico Lodging surpassed the 2019 level of current value sales in 2022. Nevertheless, in 2023 double-digit growth is still expected, with luxury and upscale hotels, and short-term rentals being the categories leading its expansion. To mitigate the impact of inflation, many b ... Read More
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Booking in the United Arab Emirates
Booking in the United Arab Emirates The landscape of hotel bookings is undergoing a transformative shift, with direct bookings increasingly challenging the role of intermediaries and encouraging customers to choose a more personalised approach, particularly business travellers. This trend is exempli ... Read More
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Tourism Flows in the United Arab Emirates
Tourism Flows in the United Arab Emirates Despite challenges such as inflation and rising oil prices, Dubai's travel industry is experiencing an increase in demand. By the first half of 2023, the number of guests in Dubai had surpassed pre-pandemic international visitation levels, with 20% year-on-y ... Read More
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Booking in Portugal
Booking in Portugal Although the cost of living is on an upward trend, with high levels of inflation and rising interest rates, local people continue to favour travel in 2023, taking advantage of savings amassed during the pandemic making travel affordable. While some customers prefer closer destina ... Read More
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Travel in the United Arab Emirates
Travel in the United Arab Emirates In 2023, the United Arab Emirates has firmly established itself as a global travel hub, earning high rankings in international tourism competitiveness indexes. The remarkable growth of Emirati hotels has not only attracted millions of visitors, but also extended th ... Read More
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Travel in South Korea
Travel in South Korea In 2022, the gradual removal of pandemic-related restrictions in South Korea led to a significant surge in outbound travel demand. This trend continues in 2023. Outbound travellers in both 2022 and 2023 have also been spending considerable sums of money, evidence of pent-up dem ... Read More
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Travel in Taiwan
Travel in Taiwan The travel industry in Taiwan continued on its road to recovery in 2023, with the volume of inbound arrivals having recorded high triple-digit growth over the previous year. Following the lifting of all COVID-19-related entry restrictions in October 2022, the number of international ... Read More
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Travel in Italy
Travel in Italy Travel in Italy is performing very well in 2023, with increasing travel flows both inbound and domestic. Domestic trips are seeing a particularly fast recovery with consumers looking to take holidays in closer proximity to their home with the possibility of travel by car. Italians ar ... Read More
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Lodging (Destination) in Vietnam
Lodging (Destination) in Vietnam Following the event of the COVID-19 pandemic, there has been a noticeable increase in the number of Vietnamese people who are prioritising their health, actively seeking ways to reduce stress, and taking care of their mental wellbeing. Recognising this emerging trend ... Read More
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Booking in Denmark
Booking in Denmark As travel suffered due to COVID-19 in 2020-2021, retail value in bookings also saw a clear decrease. With restrictions starting to lift in 2022, travel began to increase, with retail value in 2022 around the 2018-2019 level, with pent-up demand aiding sales. However, travel outsid ... Read More
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