Phocuswright has published its Global Online Travel Overview Fourth Edition comparing travel booking numbers for the US, Europe, Eastern Europe, Asia -Pacific, Middle East and Latin America.

Key findings:

• The total global travel market is expected to grow by about 5% through 2017, with gross bookings exceeding $1.3 trillion.
• The global online travel market is expected to grow about twice as fast as the total travel market.
• In the period 2014-2017, emerging online markets are expected to grow by 61% vs. 15% for developed online markets.
• Europe leads all regions in online travel penetration.
• The top 5 total and online travel markets are:
  1. USA
  2. China
  3. UK
  4. Germany
  5. Japan
• The fastest growing online travel markets are:
  1. China
  2. UAE
  3. India

Factors identified as influencing growth of individual markets include online penetration, infrastructure, credit-card adoption and economic conditions.

You can buy the complete report here for US$1295.