Wednesday, May 23, 2007

Online travel expected to become $1.4 billion industry by the end of 2007

The online travel segment in India is expected to record 70 per cent growth by the end of 2007 with a market size that may increase to $1.4 billion. In fact, today most online travel portals sell about 3,500 to 4,000 tickets a day. This is still 7-8 per cent of the total travel industry in the country (estimated at more than $20 billion).

The percentage of the online travel segment is expected to grow to 10 per cent in the coming year. In comparison, are countries like the US where 30 per cent of travel bookings (air tickets plus packages) are done online, reports Financial Express.

“The industry will grow 4-5 times in the next 7-8 years. With only a handful of players present in the market today, the growth projections are enough to attract a number of players into this segment in the next couple of years,” Dhruv Shringi, co-founder, Yatra.com, has said.


Source: Alootechie

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