Analysys International says China's online travel services market reached CNY254 million in the fourth quarter of 2005, among which airline ticket booking serviced 77 million, hotel reservation serviced 165 million, and travel arrangement serviced 12 million.
According to the research report China Online Travel Services Market Quarterly Tracker Q4 2005, recently released by Analysys International, hotel reservations is the major business of online travel, accounting for 64.96% market share.
Currently online travel service providers can get an average commission of CNY47.82 per ticket from airline reservation services, which is lower than the room reservation service commission of CNY59.78 per room per night.
Analysys International says the total transaction amount of online travel in China reached CNY5 billion in 2004 and net income of the online travel channels was CNY680 million. Analysys International estimates China's total transaction amount of online travel will reach CNY 7 billion in 2005, up 40% compared with the year 2004.
Analysys International says China's online travel market will develop at an annual growth rate of 82.2% from 2005 to 2009 and the market size will reach CNY77.2 billion by 2009.