yStats.com report details global movement to online lodging reservations Germany-based online business intelligence firm yStats.com has released a new report, “Global Online Accommodation Booking Market 2018,” which provides data on the growth of online bookings of accommodation around the world. Read more here: https://www.ystats.com/hotel-bookings-shift-to-online-channels-according-to-a-new-report-by-ystats-com/ Find the report here: https://www.ystats.com/market-reports/global-online-accommodation-booking-market-2018/

1. 1
PRESS RELEASE
Hamburg, October 24th
, 2018
yStats.com report details global movement to online lodging reservations
Germany-based online business intelligence firm yStats.com has released a new report, “Global Online Accommodation
Booking Market 2018,” which provides data on the growth of online bookings of accommodation around the world.
The yStats.com publication includes the projection that within the next five years, almost half of hotel revenues will be result from online
reservations, with much of the growth coming from the ascendance of online travel agencies. Last year, travelers booked over a trillion overnight stays
through the two largest OTA’s, Booking.com and Expedia. Hotel chains such as Marriott and Hilton attempt to capture more direct bookings to counter
the OTA growth.
Both hotel chains and the OTAs face competition from the insurgency of peer-to-peer accommodation platforms such as Airbnb, which are
particularly popular with young adult travelers. The yStats.com report cites data indicating that in the United Kingdom, nearly a third of travelers have
reserved a stay through a peer-to-peer platform, and in the USA the numbers of traveler using Airbnb will grow by 10 million over the next five years.
Hotel chains, OTAs and P2P offerings all benefit from the global spread of smartphones, as accommodation bookings are increasingly done through
mobile apps.
For further information, see: https://www.ystats.com/wp-content/uploads/2018/10/2018.10.19_Product-Brochure-Order-Form_Global-Online-Accommodation-
Booking-Market-2018_yStats.com_.pdf
Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 - 39 90 68 50
Fax: +49 (0)40 - 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
Twitter: www.twitter.com/ystats
LinkedIn: www.linkedin.com/company/ystats
Facebook: www.facebook.com/ystats
About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to
providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our
areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover
a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our
wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide,
including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an
expertise in the areas of B2C E-Commerce and Online Payment.