Adobe Report Predicts Summer Travel Spend to Increase to $65 Billion

One in Every Five Dollars Spent now Coming from Mobile; Washington, D.C. Tops List of U.S. Travel Destinations

SAN JOSE, Calif. — (BUSINESS WIRE) — May 21, 2015 — Adobe (Nasdaq: ADBE) today released its annual Digital Index Travel Report, which reveals the best times to book airfare and hotels, top destinations, total online travel spend, consumer buying behaviors across devices and more. The report analyzed more than 15 billion visits across major U.S. travel, airline and hotel sites between 2013 and 2015 and more than three million social media mentions. Consumers are expected to spend $65 billion online on travel between Memorial Day and Labor Day, seven percent more than in 2014. Twenty percent of travel bookings are now coming from smartphones and tablets, over six percent more than last year. The analysis also shows that Washington D.C. tops the list of U.S. travel destinations followed by Los Angeles, New York, Las Vegas and San Francisco.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150521005397/en/

Adobe’s annual travel report provides the most comprehensive set of travel insights in the industry and is based on aggregated and anonymous data from Adobe Marketing Cloud. Pricing details are based on booking transactions, which ensures highly accurate predictions. The report analyzed traffic and sales across major U.S. travel, airline and hotel sites including seven of the top ten airlines and eight of the top ten hotel chains. Adobe also conducted a complementary survey of 1,000 U.S. consumers who plan to travel this summer.

“Adobe expects summer travel spending to increase to $65 billion this year,” said Tamara Gaffney, principal analyst, Adobe Digital Index. “Mobile devices are now the source of 20 percent of online travel spending. Mobile is hot and so are Washington, D.C., Los Angeles and New York, the top three U.S. summer travel destinations of 2015.”

Key report findings include:

  • Total spend on travel continues to increase: U.S. consumers are expected to spend $65 billion online on summer travel this year. Overall prices for flights decreased four percent year-over-year (YoY) while hotel prices rose by five percent on average. Based on survey responses, 32 percent of consumers anticipate paying more on travel. Respondents expect to spend $2,788 on average, with 57 percent of that being online.
  • Top destinations: Based on the number of bookings and social media buzz, Washington, D.C. tops the list of travel destinations in the U.S. Los Angeles, New York, Las Vegas and San Francisco round out the top five. London, Paris, and Rome lead in social buzz for those traveling to Europe. Data shows that February offers the best deals for flights and hotels in New York City, while September offers the lowest hotel prices for Hawaii and Orlando.
  • Smartphone travel bookings surpass tablets: Data shows that travel companies have further optimized their sites for mobile while more and more consumers use larger screen smartphones. One in every five dollars spent now comes from smartphones and tablets, an increase of more than six percent YoY. And more consumers are booking trips via smartphones than tablets for the first time.
  • Best booking times vary for summer holidays: Flights for the Fourth of July weekend should be booked on May 23 for the highest discount of 21 percent, while budget hotels should be reserved on June 20 to save up to 20 percent. Labor Day offers the least expensive flights and hotels compared to other summer holidays. Flights should be booked on July 21 for discounts between 17 and 31 percent. Hotels should be reserved on June 9 for up to 20 percent in savings. Thanksgiving and Christmas will be the busiest travel days followed by the Fourth of July weekend.
  • Book budget hotels early, wait with international flights: Consumers can save an average of 15 percent when waiting until 30 days prior to the trip and booking rooms that are $120 or less per night. For more expensive hotel rooms, the time of booking is less important as prices only increase two and a half percent on average. For international flights, consumers should make reservations 50 days prior to their flight to save up to 32 percent. Domestic flights should be purchased earlier for the best deals - 90 days prior to departure. Prices start to jump significantly 20 days prior to departure with the average airfare increasing by three percent each day.

Helpful Links


1 | 2  Next Page »



Review Article Be the first to review this article
Rand3D

SolidCAM: Cutting Webinar

Featured Video
Jobs
Mechanical Engineer I for Air Techniques, Inc at Melville, NY
Proposal Support Coordinator for Keystone Aerial Surveys at Philadelphia, PA
Upcoming Events
The Rise of Mechatronics at Dassault Systèmes San Diego 5005 Wateridge Vista Drive San Diego CA - Sep 12, 2017
The Rise of Mechatronics at Buca di Beppo - Pasadena 80 West Green Street Pasadena CA - Sep 13, 2017
The Rise of Mechatronics at Dassault Systèmes Santa Clara 3979 Freedom Circle, Ste 750 Santa Clara CA - Sep 14, 2017
The 30th Annual Integrated Process Excellence Symposium & Training at Wyndham Grand Bonnet Creek Resort Orlando FL - Sep 18 - 20, 2017
Kenesto: 30 day trial



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy Advertise