OTAs Show Strong Growth Despite Declining Consumer Travel Spending: Implications for Hotel Distribution
📈 Feb 27, 2026: OTAs like Booking Holdings, Airbnb, and Expedia achieved double-digit or high single-digit gross bookings growth amid a decline in consumer travel spending. Credit-card data reveals near-zero correlation between overall travel spending and OTA performance over the past three years. Growth is attributed to share capture, B2B expansion, and marketing efficiency rather than consumer demand. Expedia's B2B segment outperformed its consumer business, highlighting a shift in industry dynamics.
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