The global revenue in the 'Travel' segment of the app market was forecast to continuously increase between 2023 and 2027 by in total 0.8 billion U.S. dollars (+64 percent). After the tenth consecutive increasing year, the indicator is estimated to reach two billion U.S. dollars and therefore a new peak in 2027. Notably, the revenue of the 'Travel' segment of the app market was continuously increasing over the past years.
Data provided by Statista Market Insights are estimates.
Definition:
The Travel market contains apps that make it easier to book trips and accommodations. For example, the Booking.com and Airbnb apps allow users to reserve hotels or apartments through a few simple clicks and provide numerous recommendations, photos, and customer reviews. Major airlines such as United Airlines also have their own apps that streamline the process of booking flights and offer points and rewards for travel.
Additional Information:
We consider three different sources of revenue:
Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
Paid app revenue from the one-time purchase of an app
Advertising revenue obtained from showing ads within an app
Our statistics include the revenue earned by developers and also the revenue earned by stores through commissions.
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Statista. (October 19, 2023). Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps
Statista. "Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars)." Chart. October 19, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps
Statista. (2023). Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps
Statista. "Revenue of The Travel Apps Market Worldwide from 2017 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 19 Oct 2023, https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps
Statista, Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps (last visited November 21, 2024)
Revenue of the travel apps market worldwide from 2017 to 2027 (in billion U.S. dollars) [Graph], Statista, October 19, 2023. [Online]. Available: https://www.statista.com/forecasts/1309624/worldwide-revenue-of-travel-apps
