IAC Travel, the online travel agency market leader reports on market penetration and projects growth expectations

In August 2004, IAC Travel owned the market leading website of Expedia, Hotels.com, Hotwire.com amongst others.
 
Their CEO, Erik Blachford, reported on market penetration and projects growth expectations. IAC Travel had quarterly revenues of US$3.4B in Q2 of 2004, representing a very strong 31% year on year growth.
 
The total Online Penetration of U.S. Leisure and Unmanaged Business Travel markets were:
 
 
While the Online Penetration of European Travel Market is comparatively small - it had grown significantly in 2003, and IAC predicted continuing strong growth.