Market Size of ASEAN Online Accommodation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
ASEAN Online Accommodation Market Analysis
Southeast Asia's internet travel market is intriguing and exciting; it is a rapidly rising region with a digitally engaged and highly aspirational middle class currently underserved.
COVID-19 caused Cross- border travel restrictions in ASEAN countries, and the accommodation sector experienced multiple challenges in 2020 and 2021. However, it benefitted online accommodation bookings, and more people started using it.
The growing interest of tourists in more travel has been the major driver. Inbound tourism has been offering a major share to the market owing to the growing number of youngsters and middle-aged people in the country who are highly interested in travel and tourist activities. Inbound tourism helped the market expand further in 2020 when the world was under lockdown during the COVID-19 pandemic. Travel & Tourism, a driver for Online accommodation booking, is about to cross USD 20 billion in 2022, and 70% of total revenue will be generated through online sales by 2026.
