Changing travel patterns drive hotel volume growth

BCD Travel has seen double-digit growth in air and hotel bookings this year, partly due to changing client travel patterns

Jun 20, 2024

During a virtual media roundtable, TMC revealed that global air transactions were up 13% year-over-year in the first five months of 2024, including a 6% increase in Europe, 16% in the Americas and 13% in Asia-Pacific.

Key takeaway

• BCD’s hotel revenue increased 27% globally during the same period, with increases of 16% in Europe, 33% in the Americas, and 12% in the Asia-Pacific region;
• The growth in hotel sales is attributed to changing customer travel patterns, with travelers taking fewer trips, combining trips and extending hotel stays;
• BCD expects global net transactions to reach 95% of 2019 levels in 2024, up 10 percentage points from 2023, with Europe leading the recovery.

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