Online Spending On Travel To Reach $128 Billion - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Online Spending On Travel To Reach $128 Billion

Online travel revenue is expected to reach $85 billion this year, increasing by about 50% in five years, JupiterResearch said. By 2011, 38% of travel revenue will come from the Web.

Online spending on travel is expected to reach $128 billion by 2011, driven by better products available over the Web, higher spending by consumers, and improvements in meeting the needs of businesses, a market research firm said Monday.

Online travel revenue is expected to reach $85 billion this year, increasing by about 50% in five years, JupiterResearch said. By 2011, 38% of travel revenue will come from the Web.

"Factors that will spur online spending are greater consumer wallet share, increasingly sophisticated products available online, and improved online compliance in business travel," JupiterResearch analyst Diane Clarkson said in a statement.

Higher fares and an increase in people flying are expected to drive total airline revenue to $138 billion this year, with $49 billion of that spent online. The online revenue from air travel is expected to grow to $72 billion in 2011.

During that timeframe, hotels are expected to continue seeing a shift of sales from telephone reservations to Web sites, the firm said. In addition, JupiterResearch said it's seeing a shift in buyers' preference from third-party Web sites to those of the actual suppliers.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Can Low Code Measure Up to Tomorrow's Programming Demands?
Joao-Pierre S. Ruth, Senior Writer,  11/16/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll