The European online travel market is worth €50 billion

The online travel market in Europe is currently estimated at €50 billion, according to an EyeforTravel Research report; and has been growing at an astounding rate of 41% CAGR (compound annual growth rate) in 2002-2007. At the same time offline travel expenditure has remained static. WorkLight, the Web 2.0 specialist, is urging the European online [...]