E-Travel Set to Go a Long Way

Like most e-markets, e-travel is booming. It's defined by the sale of online services and digital goods via the internet and can be split into two broad segments. On the one had there's 'online travel booking', which entails booking package holidays, hotel stays and private vacation rentals.

And there's 'mobility services' including buying tickets for flights, long-distance buses and trains and also revenue from ride sharing services. According to our prognosis, the average yearly growth rate (CAGR) of 9.3 percent could catapult the e-travel market to creating $1 trillion in revenue worldwide by 2022.