With the rise of a digital economy, digital travel sales in India are set to touch the $22.52 bn mark in 2017, according to e Marketer.
Post-demonetisation Indians have taken to transacting by digital payments, which affected India’s eCommerce sector adversely. Digital travel sales in India will continue to grow and by 2021 are expected to reach $39.09 billion, according to the data.
Jaimie Chung, forecasting analyst said that there is great opportunity in India for mobile-focused companies to benefit from the shift towards cashless transaction.
According to e Marketer, APAC is the most established online travel region in the world. This year digital travel sales in APAC will reach $214.07 billion, growing 22.5% year on year.
China continues to lead the pack with digital travel sales expected to exceed $113.0 billion this year in APAC.
India and Indonesia are leading the rate of growth, however, with each market growing by by 33.0% and 17.7% respectively.
According to the data, 2017 marks the first year that Asia Pacific overtook North America as the biggest digital travel spender, accounting for 35% of all digital travel sales.
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