Stayforlong announced a 61% revenue increase and 143% traveler growth in 2023, expanding to 24 countries and setting ambitious targets for further growth in 2024.
Stayforlong, a leading online travel platform, announced impressive growth figures for 2023, solidifying its position as a key player in the travel industry.
Record-Breaking Year in 2023
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Revenue soared by a staggering 61% compared to 2022, reaching a total of 680.6 million euros.
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Bookings skyrocketed with a 88% increase, reaching an impressive 309,556.
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The platform facilitated travel experiences for 946k travellers in 2023, marking a 143% year-over-year growth..
Global Expansion and Market Growth
- Stayforlong expanded its reach to 24 countries including key markets like the UK, France, US, Germany, Italy, and Spain.
The platform saw significant growth across all regions, with a particular focus on Western Europe
Building on Success in 2024
- Stayforlong is poised for continued growth in 2024 with ambitious goals:
– Increase bookings by 30% compared to 2023, reaching an estimated 402,423 bookings.
– Achieve a gross revenue of 300 million euros in 2024.
Catering to Traveler Preferences
As a trusted name in the travel industry, Stayforlong recognises the evolving needs of travellers and provides options to cater to diverse preferences, reflected in the:
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Average Booking Value (ABV) of £702 in the UK market, indicating a focus on premium travel experiences and travellers looking at the cost saving opportunities that Stayforlong offer when booking longer stays.
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Global Average Booking Value of €821, showcasing a wide range of travel packages to suit all budgets. Flexibility meets affordability without compromise.
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Average stay length of 5 nights both globally and in the UK market, catering to in-depth travel experiences.
“We are incredibly proud of the tremendous growth we achieved in 2023,” said Luis Osorio, CEO, Stayforlong. “This success is a testament to our commitment to providing exceptional travel experiences for our customers and collaborating with leading hotels across the globe. We are confident that by leveraging our strong foundation and innovative approach, we will continue to be a driving force in the travel industry in 2024 and beyond.”
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
