Travel - Baltics
Baltics- The Travel market in the Baltics is expected to witness significant growth in the coming years.
- According to projections, the total revenue in this market is estimated to reach US$192.10k by 2022.
- Furthermore, it is anticipated that this market will experience a compound annual growth rate (CAGR) of 10.60% from 2022 to 2027, resulting in a projected market volume of US$341.50k by the end of the forecast period.
- Within the Travel market, in-app purchase (IAP) revenue is projected to reach US$41.27k in 2022.
- Similarly, paid app revenue is expected to amount to US$22.01k in the same year.
- Additionally, advertising revenue in this market is estimated to reach US$128.80k in 2022.
- In terms of download numbers, it is projected that the Travel market will witness approximately 832.80k downloads downloads in 2022.
- Currently, the average revenue per download in this market is expected to be US$0.23.
- When comparing the global scenario, it is worth noting that United States leads in terms of revenue generation within the Travel market.
- In 2022, United States is projected to generate a total revenue of US$444.90m.
- These figures highlight the potential and growth opportunities within the Travel market in the Baltics.
- Key regions:
- Germany,
- South Korea,
- United States,
- Europe,
- Asia
Definition:
The Travel market contains apps that make it easier to book trips and accommodations. For example, the Booking.com and Airbnb apps allow users to reserve hotels or apartments through a few simple clicks and provide numerous recommendations, photos, and customer reviews. Major airlines such as United Airlines also have their own apps that streamline the process of booking flights and offer points and rewards for travel.Additional Information:
We consider three different sources of revenue:- Revenue from in-app purchases (IAP) that comes from the purchase of features, upgrades, and subscriptions within an app
- Paid app revenue from the one-time purchase of an app
- Advertising revenue obtained from showing ads within an app
In-Scope
- Apps that can be downloaded from major app stores such as Apple, Inc.'s App Store and the Google Play store, or in the case of China, from stores such as Huawei AppGallery and Tencent Appstore.
- Apps that are run on iPhones and Android phones.
Out-Of-Scope
- Apps exclusively offered by Microsoft Store and Amazon Appstore for Android.
- Custom-made apps not available from any official app store.
- B2B/C2C app sales of any kind.
- Subscription revenues outside of in-app purchases (for example, Netflix and Spotify use their own payment systems outside of their apps).
