China market

China's Digital Travel Sales to Top RMB725 Billion This Year

China market condition in Bali and Asia

Digital travel sales in China are projected to total RMB726.6 billion ($109.4 billion) in 2017, up 20.6% over the previous year, according to data from iResearch Consulting Group. Sales are expected to increase another 17.8% in 2018, when they will total RMB856.3 billion ($128.9 billion).

eMarketer estimates somewhat higher digital travel sales in China for this year: $122.0 billion. Digital will make up almost a fifth of total travel sales in the country, by our projections.

iResearch also expects that flight ticket reservations will account for 56.0% of the online travel market in China, with hotel booking making up 19.4%. The firm reports that both airline and hotel bookings will account for a diminishing share of online travel sales, largely because travelers are moving toward more comprehensive travel services.

See full article at https://www.emarketer.com/Article/Chinas-Digital-Travel-Sales-Top-RMB725-Billion-This-Year/1015589