Reuters | Latest Financial News / Full News Coverage: "One-third of US travel seen booked online
Thu 8 July, 2004 05:07
LOS ANGELES (Reuters) - Online travel research firm PhoCusWright has forecast that more than one-third of U.S. travel would be booked on the Web by 2006, up from 20 percent in 2003.
Trips booked on the Web by leisure travellers and business people making their own arrangements will rise 34 percent to $52.8 billion (28.5 billion pounds) in 2004 from $39.4 billion in 2003, it projected on Wednesday.
Hotel chains, in particular, have been aggressively promoting their own sites, recently.
PhoCusWright estimated that supplier and third-party sites such as InterActiveCorp. unit Expedia, Orbitz Inc. and Sabre Holdings Corp's Travelocity, would grow by similar rates."
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