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UK Weekly Market Report - Week 15 - 10 April Settlement

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For Week 15 - 2024 (compared to week 15 - 2023), Travel Ledger's market data reveals a bumper week for transactions and total value transacted but a decrease on the average value per transaction, likely due to the number of low deposit bookings still taking place this late in the booking season.

- Transactions were up by +34%.
- Total amounts processed increased by +30%
- Average transaction value decreased by -3%; down from +13% last week, influenced by the percentage of low deposits bookings overall.

As anticipated, we observed a significant uptick in transaction growth this week over the corresponding week last year. This surge is attributed to the timing of Easter week in 2023, which fell during week 15, contrasting with this year's more typical week 15 activity. Looking ahead, we forecast next week to sustain robust performance, albeit with a variation more attuned to 2024's prevailing trend of approximately a 20% increase, thus aligning closer to this year's consistent growth pattern.

Stay tuned for more updates from Travel Ledger, as we continue to provide valuable insights into the travel market's evolving landscape.