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China's online travel services ready for take-off |
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China's online travel services are taking off, with even greater growth forecast for the next few years |
Last year, at least 2.75 million Chinese booked hotel rooms, air tickets and other travel services on the Internet, up 72 percent from the previous year, according to a report recently released by Shanghai-based iResearch Consulting Group.
China's online travel market was worth some 1.54 billion yuan ($204 million) last year, a growth of 82 percent from 2005, the report said.
The findings are based on a month-long survey in November with responses from 60,000 Internet users across China.
Analysts with the consulting company are optimistic about China's online travel market, saying the number of users will more than double to 5.7 million in 2008, and hit 9 million by 2010.
The online sector is expected to be worth 6.5 billion yuan by 2010, analysts said.
Their optimism is based on three factors - the overall bloom of tourism, the soaring amount of money netizens spend on tourism, and improved online marketing systems.
Compared with the US online travel market, with revenues of $83 billion in 2006, China's market is still small.
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Source - China Daily
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