Infographic: Online Travel Trends in Europe
eRevMax releases key trends on European Travel
London, October 16, 2015 (Newswire.com) - Almost 50% of all hotel bookings come from online channels in Europe, shows the latest infographic Online Travel Trends in Europe released by eRevMax. The interesting infographic focuses on key insights like online travel penetration, rise of mobile, advance booking habits and traveller’s use of multiple devices that are shaping the European travel industry.
One of the most mature markets globally, Europe has three dominant OTA companies ruling the online market – these groups include Priceline, Expedia and HRS, who together own 90% of the online travel space in the region, with Booking.com, a Priceline subsidiary, leading with 60% individually. What’s more - one out of five hotel bookings come from Online Travel Agents.
The European hotel market has significant proportion of small and medium‐sized hotels. An important aspect of the study sheds light on the fact that 51% of hotels still manage channels manually where as 46% of hotels are unaware about metasearch integrations.
The infographic also highlights that younger travellers are typically more confident about using new technology compared to older travellers. Technologically skilled, 45% of European travellers use metasearch sites to compare rates and 43% read reviews before making a booking decision.
ABOUT EREVMAX: eRevMax provides next generation online distribution & business intelligence solutions to the hospitality industry. The company’s new offering LIVE, is a responsive web platform which offers detailed competitor intelligence, comprehensive business performance analytics and reliable channel management capability through secure two-way XML connections. First released in 2001, eRevMax’s RateTiger channel manager helps more than 15,000 hoteliers worldwide to increase revenue, streamline business processes and reduce booking acquisition cost through efficient channel management. A further 5,000 hotels use Connect, our electronic distribution gateway which seamlessly integrates channel management functionality with the hotel’s internal systems for more than 200 channels.