Online travel sales in Asia Pacific are estimated to reach $25.6 billion this year, which is about one-third of the U.S. market forecast, according to New York Internet research firm eMarketer.
India is expected to see a much higher annual growth rate than Vietnam, China or Indonesia. From 2006 to 2010, India is expected to grow at 271.6% annually, while Vietnam’s online travel sector is forecast to expand 202% and China’s and Indonesia’s in the 70% to 83% range. (The biggest markets in revenue terms outside of Japan are India at $300 million and China at $200 million.) The U.S. online travel biz, by contrast, will grow 17% on an annual basis during the same time.
Source: ContentSutra
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