Posted On 2016/08/07 By In News, China Outbound, Research With 376 Views

Asia will soon beat North America

North America will soon be losing its crown to the Asia-Pacific as the most valuable digital travel region. Predictions indicate digital travel sales in Asia-Pacific will surpass North America as early as 2017.

According to a new eMarketer report, customers in Asia-Pacific will spend a projected $216 billion next year, compared to North America’s $200 billion, representing growth of 23 percent and 5 percent, respectively. Digital travel includes everything from booking online flights to hotels and tours.

Feeling the drift, several companies are being proactive. CNBC reported that Airbnb received funding to expand in India recently, while Ctrip, a travel services company, bought stake in Indian online travel agency, MakeMyTrip.

“The biggest opportunities for companies and startups will be in mobile and online travel agencies, as both will expand their share of online bookings,” eMarketer analyst Chris Bendtsen told CNBC. “For China in particular, the growing number of international travelers will allow travel-related companies all over the world to benefit from increased digital sales.”

South China Morning Post reported that China was the region’s largest source of holidaymakers and business travellers. It pointed out that digital travel sales in the Asia-Pacific region will be $177.66 billion this year.


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Sources:

Article: A Times / Image: Chinese Tourists

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About

Stefan

Stefan (from Austria, Europe) has been living, studying and working in China since 2010. Stefan has worked on several research, publication and consulting projects focusing on the China Travel Market. He holds three Masters degrees and is an expert on China Outbound Tourism, Marketing and Social Media in China. Stefan works with BMG on the Global Ready China Seminars as well as the Global Ready China News and related projects. He also has teaching engagements in the areas of eMarketing and Tourism Strategy.

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