Despite recession, China’s online travel market shows strong steady growth

HotelMarketing.com has published this summary of a PhoCus Wright report stating that China’s population is displaying a new interest in booking international travel, especially using the internet. Click here to read the summary on the HotelMarketing.com website, or scroll on down.

—-

Despite the global recession, the online travel marketplace in China is growing rapidly and PhoCusWright predicts online travel revenue will increase by 19% in 2009.

In its first-ever Emerging Online Travel Marketplace in China report, PhoCusWright reveals that China’s online travel space currently totals approximately US$6.9 billion, accounting for about 11% of the country’s entire travel market. Due to a variety of factors, the online channel is expected to continue on a strong growth trajectory, and by 2011 will account for about 20% of the total market.

PhoCusWright’s Emerging Online Travel Marketplace in China explores China’s dynamic (and frequently misunderstood) travel market. Based on an in-depth, six-month research study, the report sizes the Chinese travel market by major segment and identifies key trends and developments. It also reveals some of the unique behavior patterns of Chinese travelers, and unveils what makes China’s travel market unlike those in the West and other markets in Asia.

According to Ram Badrinathan, PhoCusWright’s general manager, Asia Pacific, “China is rapidly emerging as the largest travel opportunity in Asia, but that doesn’t make the entire market accessible to entrepreneurs. The key parts of the Chinese travel value chain are in varying stages of deregulation and government control. It is vital to understand the triggers that will allow for innovation and opportunity. What is really exciting is the vast potential represented by Chinese online consumers, as the country emerges as the largest broadband user market in the world. This will create a unique dynamic in the travel buying process.”

—-

If this interested you, you might also like this post, featuring TravConsult’s blog about how best to welcome Chinese tourists.

Advertisements
Explore posts in the same categories: Tourism news

Tags: , , , , , , , , , , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: