Similarweb Travel Update: Web Traffic up 28% in January
Airbnb loses travel share while Booking, Expedia gain
Similarweb’s latest look at OTAs (online travel agents), hotels and accommodations and vacation rentals shows overall demand remains robust to start the year, with the peer group seeing 28% growth over last year, and 22% growth over December.
Key Takeaways:
- Booking.com saw the most growth in web traffic on a year-over-year basis, rising 46%, followed by Hilton up 42% and Expedia’s 39%.
- The whole peer group saw year-over-year growth, with Airbnb traffic up 11%, Vrbo up 10%, Marriott up 34%, and hotels.com up 23%.
- In terms of share of traffic (a proxy for market share), Airbnb lost three points of share versus the peer group while Booking and Expedia each gained a share
- Vrbo’s web traffic growth lagged the group average on a year-over-year basis, but the company saw 54% growth versus December, the strongest in the group on a month-over-month basis.
Demand remained robust in January
You can see the relative performance of the peer group on a year-over-year basis below. Clearly, the entire group is seeing strong demand, with the 2022 revenge travel trend seemingly full in force at the start of 2023. Trends that stand out include a decided underperformance by vacation rental sites versus hotels and OTAs.
You can see the fastest growth was at Booking.com (+46%), Hilton (+42%) and Expedia (+39%), with Hotels.com (+23%) Airbnb (+10%) and Vrbo (+10%) lagging the group performance.
Monthly web traffic shows a slightly different story
Though Vrbo underperformed peers on a year-over-year basis, versus the month of December they showed the strongest growth among peers, which you can see in the next chart. Vrbo saw monthly growth of 54%, followed by Expedia (+24%) and Airbnb (+20%).
Airbnb, and Vrbo lost their share of traffic versus peers, with Expedia, Booking up the most
Share of traffic is an important indicator of how the companies are performing against each other, and you can see Airbnb and Vrbo losing ground versus peers, while Booking and Expedia are gaining the most ground.
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Report By: Jim Corridore, Senior Insights Manager
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