Bus Tickets - Laos | Statista Market Forecast

Laos is expected to witness a significant growth in the Bus Tickets market as revenue is projected to reach US$942.90k by 2024.
Furthermore, the market volume is expected to reach US$1.15m by 2029 with an annual growth rate (CAGR 2024-2029) of 4.07%.
The number of users is also expected to increase and amount to 182.70k users by 2029.
The projected user penetration is 1.9% in 2024 and is expected to rise to 2.2% by 2029.
The average revenue per user (ARPU) is expected to be US$6.45.
In the Bus Tickets market of Laos, 55% of the total revenue is forecasted to be generated through online sales by 2029.
It is worth noting that China is projected to generate the most revenue in the global comparison, with US$5bn in 2024.
Laos' bus market is dominated by private operators, offering affordable and flexible transportation options for locals and tourists alike.

Definition:

The Bus tickets market consists of tickets for long-distance travel or cross-regional travel by bus or coach. This includes country-specific providers of bus transport, e.g., Eurolines, National Express and Greyhound. As a rule, travel for single passengers and groups or time-limited subscription-based travel can be booked up to a year in advance. Tickets for public transport, for within a city or other local travel are not included.

Additional Information:

The main performance indicators of the Bus tickets market are revenues, average revenue per user (ARPU), user numbers and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues and users for the above-mentioned markets. User numbers show only those individuals who have made a reservation, independent of the number of travelers on the booking. Each user is only counted once per year. Additional definitions for each market can be found within the respective market pages.

The booking volume includes all booked rides made by users from the selected region, regardless of where the ride took place.

For further information on the data displayed, refer to the info button right next to each box.

Tickets for long-distance travel or cross-regional travel by bus or coach
Time-limited subscription based travel
Line service and regular, scheduled bus service
All online and offline booked long-distance bus tickets regardless of the purchase channel

Tickets for public transport, for within a city or other local travel
Bus trips that are organized as an excursion or specifically for a travel group

The Buses market in Laos has been experiencing significant growth in recent years, driven by several key factors. Customer preferences in the market have shifted towards more efficient and environmentally friendly modes of transportation, leading to increased demand for buses. Additionally, local special circumstances and underlying macroeconomic factors have also played a role in the development of the market. Customer preferences in the Buses market in Laos have been influenced by the global trend towards sustainability and environmental consciousness. As individuals and businesses become more aware of the impact of transportation on the environment, there is a growing demand for greener alternatives. Buses, which are generally more fuel-efficient and emit fewer pollutants compared to other modes of transportation, have become a popular choice for both public and private transportation needs. This shift in customer preferences has contributed to the growth of the Buses market in Laos. In addition to environmental concerns, customer preferences in the Buses market in Laos are also influenced by factors such as cost and convenience. Buses offer a cost-effective mode of transportation, particularly for longer distances or group travel. They provide a more affordable alternative to private cars or air travel, making them an attractive option for both individuals and businesses. Furthermore, buses offer a convenient mode of transportation, with scheduled routes and stops that cater to the needs of passengers. This convenience factor has further contributed to the growing demand for buses in Laos. Trends in the Buses market in Laos are also shaped by local special circumstances. Laos is a landlocked country with a relatively underdeveloped transportation infrastructure. This presents challenges for individuals and businesses in terms of accessing remote areas and transporting goods. Buses provide a practical solution to these challenges, as they can navigate through various terrains and reach destinations that may be difficult to access by other means of transportation. This has led to an increased demand for buses in Laos, particularly in rural areas. Underlying macroeconomic factors have also played a role in the development of the Buses market in Laos. The country has been experiencing steady economic growth in recent years, which has resulted in an increase in disposable income and improved living standards for many individuals. As a result, there is a greater ability and willingness to spend on transportation services, including buses. Additionally, the government of Laos has implemented policies and initiatives to promote the development of the transportation sector, including the expansion of bus networks and the improvement of infrastructure. These factors have created a favorable environment for the growth of the Buses market in Laos. In conclusion, the Buses market in Laos is developing due to shifting customer preferences towards more efficient and environmentally friendly modes of transportation, as well as local special circumstances and underlying macroeconomic factors. The demand for buses in Laos is expected to continue to grow in the coming years, driven by the need for cost-effective and convenient transportation options, as well as the government's focus on improving the transportation infrastructure.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of bus tickets.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

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