Southeast Asia's online travel market reached Rp 483 trillion in 2019.

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Viva Budy Kusnandar 08/10/2019 07:17 WIB

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Southeast Asia's online travel market reached Rp 483 trillion by the end of 2019.

Southeast Asia Online Travel Gross Merchandise Value (GMV) (2015-2025)

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Southeast Asia Online Travel Gross Merchandise Value (GMV) (2015-2025)

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The online travel gross merchandise value (GMV) in Southeast Asia (ASEAN) is projected to reach US$34.48 billion, or Rp483 trillion, by the end of 2019. This figure comprises hotel services (US$780 million), flight services (US$12.9 billion), and holiday rental services (US$20.8 billion).

According to research by Google, Temasek, and Bain & Company, the online travel GMV in 2015 reached US$19.4 billion, then increased by 15% (CAGR) per year to US$34.48 billion. It is then projected to grow another 15% (CAGR) per year, reaching US$78 billion by 2025.

(Read Databoks: Online Ticket Transactions in Indonesia Estimated to Reach Rp 125 Trillion in 2018)

For information, the Southeast Asian digital economy market share reached US$100 billion in 2019. The online travel GMV was the second largest, reaching US$34 billion. The largest was the e-commerce market share, valued at US$38 billion.

(Read Databoks: Indonesia's Digital Economy Potential 2015-2025)

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Southeast Asia's online travel market reached Rp 483 trillion in 2019.

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Southeast Asia's online travel market reached Rp 483 trillion in 2019.

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