U.S. online travel double-digit growth continues
October 29, 2007 | Online Travel
Although it is considered a more developed market, U.S. online travel commerce continues to experience double-digit gains, according to comScore's U.S. e-commerce spending figures for the third quarter of 2007.
comScore, Inc. released U.S. e-commerce spending figures for the third quarter of 2007, showing that retail e-commerce increased 23 percent versus year ago to $28.4 billion.
During the first nine months of 2007, total e-commerce spending surpassed $143 billion, putting it on pace to reach $200 billion by the end of the year. Retail e-commerce accounted for nearly $84 billion, or 58 percent of the total, while online travel spending came in just shy of $60 billion.
“Online retail spending continues to grow at rates in excess of 20 percent year-over-year, which suggests that the market is still far from maturity,” said comScore Chairman Gian Fulgoni. “Even online travel commerce, which is a more developed market, continues to experience double-digit gains.”
Get the full story at comScore
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