[Travel News]: Online travel is expected to bounce back to $60B by 2025, says e-Conomy SEA Report aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

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CAGR of most SEA countries is expected to exceed 30% by 2025.

Southeast Asia’s tech investment landscape continues to flourish with an increase of 17% in the number of deals between H1 of 2019 and 2020, as says the ‘e-Conomy SEA Report’, jointly conducted by Google, Temasek and Bain & Company.

The total deal value declined slightly from US$7.7 billion to US$6.3 billion, over the same period, attributable to the slowdown in big-ticket unicorn investments, reveals the study.

This has meant smaller, non-unicorn investments which continue to grow, made up more than half (53%) of the total deal value, against 34% the preceding year.

Funding for unicorns in mature sectors such as e-commerce, transport & food, travel and media decreased from US$5.1 billion in H1 2019 to US$3 billion H1 2020. 

Online Travel is largely consolidated around a few global and regional players – level of investment historically have been lower relative to Transport & Food and e-Commerce.

Platforms are now refocusing on their core business and established strengths in order to prioritise a path to profitability.

The region’s digital economy remains strong and resilient despite the headwinds. The adoption and usage of e-commerce, food delivery, and online media have surged.

Owing to the surge in digital adoption by customers and businesses, digital payments continue to see growth from US$600 billion in 2019 to US$620 billion in 2020 and is expected to reach US$1.2 trillion by 2025.

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