Clouds of uncertainty may hang over the global economy, but China has been a shining light for travel. China's travel market has undergone explosive growth and will nearly double between 2008 and 2013. A new Asia Pacific and Global Edition report from PhoCusWright reveals that surging demand for travel products, along with significant commitments to the online space by some of the country's largest e-commerce and Internet players are driving phenomenal growth in China's travel industry, while other markets around the world have yet to fully shake off the effects of the recession. According to PhoCusWright's China Online Travel Overview Fifth Edition: The Giant Has Awoken, travel bookings in China will surpass US$105 billion in 2013, of which more than $15 billion will be made online. The online travel market will grow by some 500% between 2008 and 2013, fueled by rapid adoption of the Internet for commerce and a range of high-profile investments and partnerships among the...