Usage of online travel agencies Asia 2023, by country
According to a survey from Rakuten Insight conducted in June 2023, 78 percent of the respondents in Singapore have used online travel agencies before. In comparison, 37 percent of the respondents in the Philippines and Japan have used online travel agencies as of June 2023.
The popularity of online travel
The online travel market in the Asia-Pacific region (APAC) has been steadily increasing in the past few years, reaching a market value of over 40 billion U.S. dollars. In Singapore, the gross merchandise value of the online travel sector was expected to further increase to ten billion dollars by 2030. The main reason why Singaporeans used OTAs was convenience, as consumers could book all they needed within a few minutes online.
Tourism in the Asia-Pacific region
Overall, APAC has a strong international and domestic tourism market. Despite the dip in the market during the COVID-19 pandemic, the region saw an increase in inbound visitor growth again. Furthermore, the expenditure on international tourism in APAC has exceeded 10 billion dollars in certain countries, with China occupying the top spot in 2022.