Record High Domestic Online Accommodation Platform Payments Despite COVID-19

WiseApp, Survey on Estimated Consumer Payment Amounts for Major Domestic Online Travel and Accommodation Platforms

[Asia Economy Reporter Kim Cheol-hyun] Despite the resurgence of COVID-19 and strengthened social distancing measures, the estimated payment amount on domestic online travel and accommodation platforms last month recorded an all-time high.

App analysis service WiseApp announced this after investigating the estimated consumer payment amounts on major domestic online travel and accommodation platforms such as Yanolja and Yeo-gi-eottae.

According to WiseApp's sample survey of amounts paid by Koreans aged 20 and over using credit cards, debit cards, and bank transfers, the estimated payment amount for Yanolja combined with Daily Hotel in July was 157.9 billion KRW, and Yeo-gi-eottae's estimated payment amount was 112.4 billion KRW, both setting record highs.

As domestic travel demand has greatly increased due to the prolonged COVID-19 pandemic, online travel and accommodation platforms Yanolja and Yeo-gi-eottae have been growing to record highs every month. The estimated payment amount for Yanolja combined with Daily Hotel from January to July this year was 764.3 billion KRW, significantly higher than 565.4 billion KRW from January to July 2019 and 574.2 billion KRW from January to July 2020.

Yeo-gi-eottae also saw its estimated payment amount from January to July this year reach 534.4 billion KRW, a significant increase compared to 332.3 billion KRW from January to July 2019 and 336.4 billion KRW from January to July 2020.

Yanolja and Yeo-gi-eottae showed that people in their 20s made the most payments. The age distribution of Yanolja's payers was 42.8% in their 20s, 31.8% in their 30s, 14.7% in their 40s, and 10.7% in their 50s. For Yeo-gi-eottae, it was 36.4% in their 20s, 31.6% in their 30s, 19.0% in their 40s, and 13.0% in their 50s.

This survey did not include corporate card payments, corporate bank transfers, hotel management services, information provision services and other business-to-business (B2B) transactions, cash transactions, gift certificates, payments made at directly operated hotels, or simple payment amounts such as Naver Pay.

This content was produced with the assistance of AI translation services.