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Consumer and Retail

E-ticketing system is launched in major cities
By AMY CHEUNG
Published: August 15, 2006 12:00 AM
China World Trade Corporation announced today in a statement that 75% of its air-ticket sales has been achieved through electronic air-ticketing by its subsidiary Guangdong New Generation Commercial Management Limited(NG). NG will cautiously prepare for the completed implementation of electronic air tickets system by 2007 that covers the country. Figures showed that the E-ticket sales revenue nationwide in 2005 was 530 million US dollars, which is 5 times than that of 2003. It is also estimated that the E-ticket sales revenue will be reaching over 630 million US dollars in 2006. International Air Transport Association has targeted to replace paper air-tickets with E-tickets in 2007 all around the globe. ''Given the lack of a comprehensive electronic payment in China, however, most consumers are actually paying cash off-the-line,” said Mr. William Tsang, President of CWTD.
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