Mondee Investor Update
Travel Industry Update 1,2,3
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• Pent-up demand is moderating and
demand softening slightly in some markets
while others remain strong.
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Travel industry continues to recover to
mega-trend track.
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Hotel demand remains strong (ahead of
air) allowing room rates to remain relatively
high.
Alternative accommodation demand grew
through the pandemic and remains strong,
especially in Europe, even as vacation
rentals begin to stagnate.
Labor shortages remain an issue for
capacity growth.
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• International capacity lags as premium
cabin recovers ahead of economy class.
• Industry infrastructure constraints
remain, e.g., air traffic control staffing.
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North America air sales back to 2019
levels on higher average fares while
transactions lag though gaining in seasonal
pattern.
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Cruise industry almost back to 2019 level
($27b) in 2023 ($25b), expected to exceed it in
2024.
Millennials and GenZs expected to become
the dominant demographic with >80% planning
to cruise now.
Pre-cruise and on-board ancillary spend
averaging higher than air fares, opening
packaged experiences opportunities.
Na
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Asia market rebounding quickly, led
by China, although airline capacity still
lags.
MONDEE
LATAM market, led by Mexico, is
running ahead of 2019, especially in
hotel and vacation rentals, with airline
capacity fully recovered.
Market demographics evolving quickly.
Year-over-year increases in combined
business-leisure travel.
Increasing use of experts and
intermediaries.
Airline Reporting Corporation 2023 vs 2022 and 2019 US point-of-sale domestic and international ARC carrier scheduled air sales and tickets as of 6/30/2023
2Skift - State of Travel Master Deck July 2023
Cruise Lines International Associations: 2022 State of the Cruise Industry Outlook, Statista Report: Revenue of the Cruises Market Worldwide 2018 to 2027, Cruise Industry Worldwide: Facts & Statistics
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