With the end of the highest travel season, Booking.com, the largest accommodation booking platform, presented the report, highlighting that the Q3 of 2022 has become one of the highest quarters in sales hitting the results of the previous year’s period.
Increase in hotel sales
Due to a Booking Holding Inc. report, the third quarter of 2022 was the second-highest sales score of the year for Booking.com. Overall, in Q3 Booking reported growth of 26.5% from the year-ago quarter’s results. Industry experts have predicted this kind of outcome at the beginning of the year, and with the end of Q3, the forecasts have been justified.
Discounts on services in the field of booking and tourism played an important role in this dramatic increase. Websites with promo codes, like promocodius.com, were in great demand among travelers worldwide. People who booked accommodation from the Booking platform often use special promo codes that allow them to save money for their traveling. Using the booking.com promo codes, the customers had a chance to get better deals which motivates them to use the platform and travel. Obviously, the increased demand for coupons and deals for travelers will have a positive effect on tourism statistics in the foreseeable future.
Considering that Q2 and Q3 are the most demanded traveling periods, these results are very vindicated. And in comparison to the previous years, the statistics of 2022 are very promising, allowing us to make fantastic forecasts for the upcoming years in the tourism industry.
Forecast for 2023
The travel industry has shown that 2022 was a huge hit. Tourism is recovering! Experts of The Economist Group claim a 60% growth in the tourism and travel sector in 2022, which is already a step forward after a pause caused by the Covid-19 pandemic. According to a recent Economist Intelligence report, the upward trend in tourism demand will continue in 2023 and reach a new milestone exceeding the 2022 results by 30%.
Will the dynamics affect the increase in tourism demand for online booking platforms? Definitely. As of 2022 many people prefer arranging their bookings independently. And that is when various booking and accommodation platforms such as Booking.com come across. Having various special deals and promo codes for accommodations, people get the advantage of getting a high-class hotel reservation with relatively low prices. Keeping this in mind, the Booking platform will still be trending in 2023, allowing the industry to grow its rates and statistics.