Business travel managed online is expected to reach $31.5 billion by 2010, from $15.1 billion this year, JupiterResearch says.
The U.S. online travel market has shown significant growth over the last year, a trend that's expected to continue at least through 2010, a research firm said Thursday.
The market is expected to reach $68 billion by the end of the year, up from $57 billion last year, JupiterResearch said. By 2010, the market is expected to grow to $104 billion.
JupiterResearch analyst Diane Clarkson said the firm recorded strong increases in revenue across all segments of the industry.
Higher fuel costs, however, will remain a "major challenge" for the travel industry in general, which will struggle to compensate for additional costs while remaining price competitive, Clarkson said in a statement.
Business travel is expected to be a major driver of growth within the overall industry. Online managed business travel is expected to reach $31.5 billion by 2010 from $15.1 billion this year.
By 2010, JupiterResearch expects the online travel market to represent 34 percent of all travel spending in the United States.
How Enterprises Are Attacking the IT Security EnterpriseTo learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Infographic: The State of DevOps in 2017Is DevOps helping organizations reduce costs and time-to-market for software releases? What's getting in the way of DevOps adoption? Find out in this InformationWeek and Interop ITX infographic on the state of DevOps in 2017.
Digital Transformation Myths & TruthsTransformation is on every IT organization's to-do list, but effectively transforming IT means a major shift in technology as well as business models and culture. In this IT Trend Report, we examine some of the misconceptions of digital transformation and look at steps you can take to succeed technically and culturally.