Total online travel market revenue reached 440 billion yuan (USD 70bln) in the first quarter of 2012 in China, 78% of which went to air tickets booking and 13.8% to hotel booking. The total estimated revenue of China OTAs in Q1 was about 23%, down 0.5% from the previous quarter but up 20.4% on YoY […]
ctrip.com maintains its dominant position in China’s Online Travel Agency (OTA) market with 41% share of total 2.41 billion yuan revenue (USD 379 million).
China’s online travel market in Q1 this year exceeded 2 billion in revenue (third-party online travel agents), up 4.7% compared to the previous quarter. In China, there are a lot more travel activities during the first quarter due to New Year and spring festival.
According to a latest China online travel booking report by iResearch, China’s total online travel booking revenue in 2009 has increased to $3.74 billion yuan (about US $548 million) from year 2008’s $2.94 billion yuan (US$431 million), up 27.2%. The top online travel booking websites (by revenue) are: Ctrip: 55.6% eLong.com: 9.9% mangocity.com: 6.2% 118114.cn: […]