Trip101 Posts Strong Growth in 2021, Delivering 87% Annual Growth in GMV and 90% in Profit Despite the COVID-19 Pandemic

– Fueled by rapid growth in vacation rental and Airbnb bookings in United States and 200 countries via its website –

SINGAPORE, May 26, 2022 /PRNewswire/ — Global travel media startup Trip101 reports its 2021 performance shows 87% annual growth in gross merchandise value (GMV), 44% in revenue and 90% in profit from bookings through its site Web despite the COVID-19 pandemic. This was fueled by the rapid growth of vacation rentals and Airbnb bookings in United States and in more than 200 countries around the world.

Trip101 also expects growth to accelerate in 2022, with the first quarter seeing GMV grow by 2.2x YoY. The growth in GMV can be attributed to two travel trends that have emerged from the pandemic: longer trips and “workations” (work and vacation).

In 2021, Trip101 reached a global audience in over 200 countries, with United States, India and the UK being the first three countries. The number of users visiting increased by 49% in 2021 compared to 2020. Trip101’s market share in United States also strengthened, up 64% on the previous year. United States remains the first country in the world with the largest number of users (65%).

This growth was driven by the scaling of article publications throughout the year, which brought the total number of articles published to 49,000. Trip101’s technological capabilities and its global network of he travel writers have both been key to the success of scaling publishing operations.

About Trip101

Trip101 is a unique guide for the modern traveler that has been growing rapidly since its inception in 2015. Covering 7 continents and over 200 countries, all travel recommendations are based on the authentic experiences of travel experts. Backed by an ever-growing community of travel writers, Trip101 caters to the dynamic needs of young, modern travelers – featuring unique and alternative accommodations, local experiences, destination guides and travel tips. From choosing the best Airbnbs and vacation rentals to booking lesser-known local tours and activities, Trip101 is relevant for all stages of travel. Whether before the trip, at the destination or after the trip, there is something useful for everyone.

Trip101 is part of the Venture Republic group, which also owns TRAVEL.jplargest metasearch and travel media in Japanas good as Allstaythe first mobile accommodation search application in South Korea.



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SOURCE Trigger101

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