Travel·Leisure·Golf

The Travel Market Driven by People in Their 30s… Agoda Closes In on Leader Korean Air

Travel Expenditures in June Reach 4.32 Trillion Won Consumption Driven by the Median-Income Group in Their 30s OTA Revenue Surpasses Airline Industry for the First Time Agoda Hot on the Heels of Korean Air Decline in Solo Travel, Rise in Family Travel Clear Uptrend in Silver Travel Spending

LEE MINHA
2026-07-16 10:08:01
Incheon International Airport bustling with travelers (Photo: Yonhap News)
[Edaily Reporter LEE MINHA ] The travel market is expanding, fueled by spending from people in their 30s. According to a survey released by WiseApp·Retail on the 15th, the estimated payment volume for the top 100 travel brands in June was 4.32 trillion won, up about 7% from a year ago, marking the fourth consecutive year of growth. The survey also revealed that for most of the top-ranking brands by payment volume from January to June this year, people in their 30s were the largest consumer group. Agoda, a foreign online travel agency (OTA) that has captured the attention of people in their 30s, has closed in on Korean Air, which ranked first in payment volume.
Estimated Net Transaction Amount Share by Age Group for Top Travel Retail Brands (Photo: WiseApp·Retail)
◇Travel Transactions Reach 4.32 Trillion Won… “People in Their 30s” Are the Big Spenders
Travel spending is on the rise again after a decline caused by soaring oil prices. According to a sample survey of South Korean credit and debit card payment data, estimated payment amounts for travel brands in June rebounded as international oil prices stabilized, following a slump after the war in the Middle East—which had followed a record high of 5.35 trillion won in March of this year. This coincides with the decline in international flight fuel surcharges—which had soared to Level 33 in May following the U.S.-Iran ceasefire agreement—marking their second consecutive month of decline. By sector, online travel agencies (OTAs) recorded the highest transaction volume at 1.7951 trillion won, surpassing airlines (1.3603 trillion won) by more than 430 billion won; both airlines (14.3%) and hotels/lodging (13.5%) posted double-digit growth rates. The top five brands by transaction volume from January to June were Korean Air, Agoda, Nol Universe, Korea Railroad Corporation, and Trip.com, in that order.
As expected, people in their 30s were the main drivers of this growth. At most major brands—with the exception of Korean Air—people in their 30s spent the most, establishing themselves as the core customer base of the travel market. The brand with the highest proportion of customers in their 30s was Nol Universe (36.4%); when combined with the proportion of customers aged 20 or younger (21.3%), those in their 20s and 30s accounted for more than half of the total spending. By household type, single-person households accounted for the largest share at both Korea Railroad Corporation and Trip.com, demonstrating that demand for “solo travel” aligns with spending by those in their 30s. This suggests that people in their 30s—rather than those in their 40s, who have greater financial resources—are the backbone of travel spending.
◇Agoda’s Total First-Half Payment Volume Closely Trails Korean Air
Foreign-owned OTAs were the primary destination for spending by people in their 30s. When the total payment volume from January to June is converted into an index with Korean Air set at 100, Agoda scored 94.4, hot on the heels of the nation’s top airline, followed by Nol Universe (61.8), the Korea Railroad Corporation (55.3), and Trip.com (43.3).
The driving force behind this pursuit differed by generation. Agoda had the highest share of payments from people in their 30s at 34.7%—meaning one in three customers was in this age group—while Korean Air was the only top brand where those in their 40s (27.3%) outnumbered those in their 30s (25.8%). Korean Air’s share of users aged 20 and under was only 8.0%, showing a gap compared to Agoda (12.4%). This suggests that the younger the generation, the more likely they are to book flights and accommodations through OTAs rather than traditional brands.
Foreign OTAs have already far surpassed domestic OTAs in scale. The combined payment volume index of Agoda and Trip.com stands at 137.7, which is 1.4 times that of Korean Air, and Agoda’s payment volume alone exceeds the combined total (90.6) of domestic platforms Noluniverse and Yogiyo (28.8). As travel spending grows, centered on people in their 30s, the profits are flowing to foreign platforms.
Changes in Total Payment Amounts for Top Travel Retail Brands by Life Stage (Photo: WiseApp·Retail)
WiseApp·Retail noted that “Agoda, Korea Railroad Corporation, and Trip.com saw an increase in total payment amounts in June 2026 compared to two years prior for households with elementary, middle, and high school-aged children, households with adult children, and senior households,” highlighting the trend where travel platforms are expanding beyond apps specializing in solo travel to absorb demand for family and senior travel. While single-person households still accounted for the largest share of transactions on Trip.com and the Korea Railroad Corporation, their shares decreased from 43.5% to 36.8% and from 35.6% to 30.8%, respectively, with families and seniors filling the gap. The share of senior households also saw growth across the board—including a jump from 14.0% to 18.0% at KORAIL, as well as increases at Agoda (6.2% → 8.7%), Trip.com (7.1% → 9.0%), and Korean Air (19.8% → 21.3%)—leading to an increase in the total transaction value for senior travel.

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