SHANGHAI & ORLANDO, Fla.--(BUSINESS WIRE)--Tourico Holidays, one of the world’s fastest growing wholesale travel brokerage companies, today shared data reporting a 93 percent overall increase in Asia-Pacific hotel bookings in 2017 compared to the same time in 2016.
Indonesia leads the Asia-Pacific market in annual growth, with bookings up 111 percent in 2017. China (+88% YoY), Singapore (+79% YoY), Malaysia (+78% YoY), Australia (+63% YoY), and Thailand (+39% YoY) have also seen a sharp increase in hotel bookings compared to last year.
Nearly every source market is contributing to the growth in Asia-Pacific hotel booking activity. North America increased its bookings to the region in 2017 by 53 percent – with the United States jumping 46 percent year-over-year and Canada growing by 98 percent. South America also increased its Asia-Pacific hotel bookings by 64 percent. Meanwhile, Europe continues to consume Asia-Pacific hotel product as well, increasing its bookings by 96 percent – with the United Kingdom’s bookings rising by 95 percent year-over-year. The Middle East saw a 24 percent increase in Asia-Pacific bookings, and Scandinavia increased by 68 percent.
Domestic travel within Asia-Pacific has also shown growth, increasing by 107 percent in 2017.
“The Asia-Pacific travel market has advanced at an unprecedented rate in 2017 – and there are no real signs of a slow-down,” said Hillary Wang, the Regional Director of Product Development in North Asia for Tourico Holidays. “Travel suppliers serving the Asia-Pacific market should expect consistent, diversified demand to countries throughout the region.”
As the demand for Asia-Pacific hotel product continues to rise, Tourico has strategically added local rooms to its inventory. In 2017, Tourico increased its number of APAC hotel partners by 40 percent.
“With travelers from all of the primary source markets booking product in Asia-Pacific, our network of distribution clients can be confident that Tourico will continue to add a diversified portfolio of hotels throughout the market,” Wang said.
Tourico Holidays will be exhibiting its comprehensive lineup of travel offerings – including hotels, cruises, activities and transfers, car rentals, and vacation homes – at ITB Asia in Singapore from October 25–27. To speak with a Tourico Holidays representative at ITB Asia, please visit Booth A10.
About Tourico Holidays
Tourico Holidays, a business unit within Hotelbeds Group, is a leading global travel distributor that contracts directly with travel providers, such as hotels, flights, cruise lines, attractions, car rentals, vacation homes and more. Tourico works on a high-volume, wholesale model to broker this inventory to over 2,500 clients in 95 countries using proprietary technology. For more information please visit: www.TouricoHolidays.com.