|Past 7 days||Avg. age||Avg. budget||Avg. booking window|
|Week before||Avg. age||Avg. budget||Avg. booking window|
Analysis period: 26-Apr-2023 to 3-May-2023
In this comparative analysis, we’ll take a closer look at the inbound travel trends to Indonesia based on the data from the past week and the previous seven days. This analysis will provide valuable insights into the changes in traveler behavior, budget, age, and booking window from key markets, such as Australia, China, France, Germany, India, Italy, Japan, Russia, Singapore, South Korea, Spain, UAE, UK, and the US.
Market Trends: Age, Budget, and Booking Window
The average age of travelers to Indonesia saw little change, with only a few markets having a difference of 1 or 2 years from the previous week. In terms of budget, the Grand Total average budget decreased by $14, with decreases in most markets except for the US, which had a $70 increase. The average booking window also saw a slight decrease of 2 days.
Changes in Travel Trends: Australia, China, and France
Australia experienced a slight increase in the average age of travelers, as well as an increase of $9 in budget. However, the booking window decreased by 1 day. China saw a decrease in budget and booking window, with a $25 and 7-day decrease, respectively. France also experienced a decrease in budget, with a $26 decrease, but the booking window increased by 6 days.
Germany, India, Italy, Japan, Russia, Singapore, South Korea, Spain, UAE, UK, and the US
The rest of the markets also saw a decrease in budget and booking window, with some markets having slight changes in age. Germany had a $18 decrease in budget and a 15-day decrease in booking window. India had a $3 increase in budget, but the booking window decreased by 5 days. Italy saw a decrease in budget and a slight increase in the booking window. Japan had a significant decrease in budget, with a $49 decrease, but no change in booking window. Russia had a $16 decrease in budget and a 4-day decrease in booking window. Singapore had a $23 decrease in budget and a 1-day decrease in booking window. South Korea had a $1 decrease in budget, but the booking window increased by 3 days. Spain also saw a decrease in budget and a 3-day decrease in booking window. UAE had a $14 decrease in budget and a 13-day decrease in booking window. Finally, the UK had a $14 decrease in budget and a 2-day increase in booking window.
Conclusion: Indonesia Inbound Travel Forecast and Tourism Trends
Based on the data from the past week and the previous seven days, we can see a general trend of decreasing budgets and booking windows among key markets traveling to Indonesia. However, the US market showed a significant increase in budget. It’s worth noting that these changes may be temporary and could be affected by various factors such as seasonal changes, economic situations, and other market trends.
To stay ahead of the competition and adapt to changing travel trends, hotels and resorts in Indonesia must stay informed and flexible in their marketing and revenue management strategies. By analyzing these travel market insights and using them to their advantage, businesses in the tourism industry can thrive and capitalize on the growing tourism boom in this beautiful destination.