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Tourism to Bring $110 Billion to Asia Pacific by 2009

Tourism should bring the Asia Pacific region $110 billion in revenues over the next three years, with much of that coming from travelers in the region, according according to the report from the Pacific Asia Travel Association or PATA, reports AP.

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U.S. Sales of Hybrid Vehicles Jump 28% to 254,545 in 2006; 1.5% of US Vehicles

U.S. sales of gas-electric hybrid vehicles rose 28% to 254,545 in 2006, but the rate of growth is starting to slow, according to a report by R.L. Polk & Co.  Hybrids accounted for about 1.5% of U.S. vehicle sales last year.  Toyota Prius led the segment with 42.8% of new registrations. 

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U.S. Group Travel and Meetings Market To Reach $175 billion By 2008 

The U.S. groups and meetings market is projected to reach $175 billion by 2008, providing a major revenue stream to move online, according to a new report from PhoCusWright. By 2008, 41% (or $39 billion) of all groups and meetings travel revenue will be booked online. 

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Air Travelers Worldwide to Double to 9 billion a Year by 2025: Report

The number of air travelers worldwide is expected to double by 2025, rising to more than 9 billion a year, according to the Airports Council International (ACI) report "Global Traffic Forecast 2006-2025". There are currently about 4.2 billion global air travelers a year.

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Airline Delays Set Record in 2006: 22.1 million Minutes or 42 Years

Airline delays increased sharply to record levels in 2006 as 22% of flights were delayed 15 or more minutes during the course of 2006, according to according to federal data obtained by USA TODAY. Just under 20% of flights were delayed in 2005, according to the Department of Transportation. 

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U.S. Airlines Carried 61.5M Passengers in October; Southwest No.1; Top 10 are...

U.S. airlines carried 61.5 million domestic and international passengers in October 2006, a 2.6% increase from October 2005. Southwest Airlines, with 8.1 million passengers, topped the list for the third consecutive month, the Bureau of Transportation Statistics (BTS) reported today. 

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Auto-Sales Landscape Changed Permanently; Hybrid Mantra & Fuel Efficiency: KPMG Survey 

Automotive executives worldwide strongly agree that high oil prices have permanently changed consumers' purchasing habits globally, driving them toward more fuel-efficient vehicles, including hybrids, according to an annual global survey of industry leaders by KPMG.

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World Auto Sales Flat in 2007; China Becomes No.3 :Report

After five consecutive years of record sales, global auto volumes are expected to be flat in 2007, as weaker sales in the mature markets of the United States, Canada, Western Europe and Japan will offset strong momentum in China, India and Latin America, according to Global Auto Report by Scotiabank.

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Auto Electronics Market To Exceed US$50 Billion Worldwide By 2010

The world market for non-entertainment automotive electronics was estimated at US$36.8 billion in 2005 and is forecast to reach US$52.1 billion by 2010, according to the latest figures from a report published by Reed Electronics Research and In-Stat

North America will show an average increase of 5.1% per year in the period to 2010, with the market increasing from US$13.2 billion in 2005 to reach US$16.9 billion in 2010. Although North America is a mature market for a number of automotive electronic systems, strong growth will be seen for electronic braking, steering and driver information. 

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China on path to claim 68% share of auto infotainment systems shipped worldwide

Global shipments of Chinese made automotive infotainment systems will jump 40% in 2006, forecasts iSuppli. Infotainment design services in China are surging with a 57% share of Chinese-made infotainment products, equal to 48 million units in 2006. Multinational original equipment manufacturer (OEMs) and Taiwanese original design manufacturer (ODMs) are increasingly seeking Chinese design services.

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