... 31 ,97 2 43,054 55,556 69, 705 90 ,585 112,573 127 ,94 9 1 39, 617 15.5% ROW 9, 440 13,216 18,502 25 ,90 3 34 ,97 0 41 ,96 3 55,811 73,113 27 .9% Total 182,622 235,811 299 , 397 370,7 49 438,655 463,546 542,660 ... 2005 2006 2007 2008E 2009E 2010E 2011E 2008-2011E CAGR Total Travel Spend 178,000.0 185,000.0 191 ,000.0 198 ,000.0 199 ,98 0.0 201 ,97 9.8 210,0 59. 0 218,461.4 3.0% % online 9. 0% 9. 0% 12.0% 15.0% 20.0% ... 2009E 2010E 2011E ’08E – ’11E CAGR US 88,780 106,851 128,708 151,443 160,563 168,270 187 ,95 8 207,505 8 .9% Europe 52,430 72, 690 96 ,631 123, 698 152,537 140,740 170 ,94 2 198 ,200 9. 1% Asia 31 ,97 2...