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It’s important for travel industry organizations to be aware of the differences in culture, technology adoption, access to services, demographics, geography and more across the markets they serve. These insights are critical for effective marketing and product and service delivery, and ultimately, impact the bottom line and competitive resiliency. There are no shortage of research studies going on at any given time—in any segment of the market, from hotels to airline to technology—to help uncover what makes customers in various geographic markets ‘”tick”. We’ve rounded up some of this research to demonstrate the nuances between consumer markets.
So Many Ways to Book
When it comes to booking, customers around the world generally have access to traditional bricks-and-mortar travel agencies (and their websites), pure-play online travel agencies (OTAs) such as Expedia.com, metasearch sites like Kayak.com, brand sites such as Hilton.com, as well as a range of “deal,” collective booking and private sale websites. (Explore these further at 7 Most Popular Types of Travel Booking Websites of 2013 on Skift.com).
A leisure traveler doesn’t usually start their process by booking, however. They look for destination inspiration, consult with family and friends, compare prices and research their options before handing over their credit card information. And today, more and more consumers do at least some of these activities online. It’s a market-by-market “dance” for international travel agencies. Understanding how, where and at what point in the travel planning process consumers in a specific market need particular services (e.g. personal or self-service support) is key to informing their strategies and winning their business.
Let’s take off!
First Stop: China—the Travel App
Global media commerce company Travel Zoo conducted a survey of 6,000 of its members across Asia, Europe and North America to determine how consumers in different markets research and book holidays. The findings show that for digitally savvy Chinese leisure travelers, it’s all about travel apps:
Learn more about China in The Future of the Chinese Online Travel Market.
Next Stop: United States—A Close Race
Here is some recent research from MMGY Global into US travelers’ booking preferences:
Up to Canada—Covering All the Bases
Media-corps.com reported on a Hotels.com poll showing that:
Think with Google provides additional statistics based on their research:
Down to Latin America–
According to 2014 Amadeus research that’s explored on EMarketServices.com, the regional adoption of technology for travel reservations is still in its infancy. Yet the internet is proving to be a convenient tool for planning leisure travel:
Next Stop: the UK—Tapping into Online Resources
eRevMax unveiled numerous statistics in their UK Online Travel Trends 2016 report. Here are some highlights demonstrating the market’s hearty adoption of technology for aiding in travel planning:
Across the Channel to France—Travel Agencies Trumps Mobile
Citing results from a CCM Benchmark report, eMarketer shares that of the 1,200 French internet users ages 18 and older surveyed:
With respect to hotels and other accommodations, specifically:
For additional insights, take a look at the Trends Surrounding European Travel [Infographic].
The tour is over for now, but stay tuned to travel to more destinations and learn about consumers’ leisure travel preferences and uptake of travel technology.
Subscribe to our Inside WEX blog and follow us on social media for the insider view on everything WEX, from payments innovation to what it means to be a WEXer.