Total hotel and accommodation revenue up 93% year-over-year
ONDA H1 OSI: Hospitality Revenue Nearly Doubles
- Total hotel and accommodation revenue up 93% YoY
- Staycation boom drives luxury hotel surge — but smaller properties still struggle
- Domestic and international OTAs growing fast for third straight year
ONDA, a hospitality tech company, released its first-half OSI (ONDA Stay Index) today.
According to the July 20 OSI report, total domestic accommodation revenue jumped 93% compared to the same period last year — and 161% compared to early-pandemic H1 2020.
By property type: Hotels — which were hit hardest during the pandemic — rebounded 225% YoY. Resorts climbed 215%. Pensions and pool villas, which had strong growth last year, rose 84% and 48%, respectively. Glamping, caravan, and camping segments — which led leisure trends in recent years — slowed to 11% growth.
The hotel surge is driven almost entirely by premium and large-scale properties riding the staycation wave. Smaller hotels are still struggling, ONDA says.
By distribution channel: OTAs led the pack. Domestic OTAs grew 155%, international OTAs 139%. E-commerce platforms lagged at 75%. Travel-focused OTAs are responding quickly to domestic demand, while larger multi-category e-commerce platforms are growing more slowly.
ONDA will release a full H1 hospitality data report — including the complete OSI dataset and key domestic and international travel news — on its new corporate blog (corp.onda.me) in early August. It's free.
"We're seeing rapid growth at new large-scale hotels like P Hotel in Gangbuk, Seoul, and at major properties in Jung-gu, Seoul and Haeundae, Busan," said Im Mi-hee, ONDA's Head of Business. "Pool villas have cooled slightly, but we expect another big surge during the July–August peak season."
ONDA covers roughly 70% of Korea's online room distribution market. The company was recently named a "Baby Unicorn" by Korea's Ministry of SMEs and Startups, ranked 7th among Korean tech companies in the Financial Times' 2022 Asia-Pacific High-Growth Companies list, and became the first Korean company to appear on Skift's Global PMS Vendor rankings (No. 34). <끝>
