China’s 2013-2017 online travel CAGR is expected to reach 21% of growth …
2013-2017 CAGR of online travel in China is expected to reach 21%, which is almost the same as the growth of the overall e-commerce market, according to intelligence research firm iResearch.
The Ecommerce Sector in China has reached a high trading volume of 0.92 trillion dollars in the first half of 2014, up 30.1% year on year.
Online retail market in China reached $ 0.18 billion, a 33.4% year on year, representing 8.4% of total retail sales of consumer goods in the first half. The number of digital users on web and mobile channels to meet the business needs of travel increased from 110,200,000 in 2011 to 234,200,000 in 2013. In addition, the web-based user mark metasearch Qunar for mobile users increased from 4.3 million in 2011 to 53,800,000 in 2013. The traditional travel agencies are becoming online travel agencies online (OTA) develop their market channel online services such as offline sales and store experience.
Xinhua also said that the OTA are more focused on attractions tickets, train tickets, bus tickets and weekend visits DIY.