Online Consumer Spending Up
Feb 15, 2001, 8:05 AM
Online shoppers logged on to the Internet to spend more than $28 billion last year, with airline tickets, personal computers and hotel rooms drawing the most dollars, according to the Census Bureau. The $28 billion projection for 2000 was up from $17.3 billion in 1999, and $7.7 billion in 1998. Online shoppers spent the most on airline tickets - an estimated $7.8 billion last year. Web-savvy consumers also spent $5.1 billion on personal computers and $2.1 billion on hotel bookings. Computer and software retailers relied most on e-commerce: 24% of all personal computer sales occurred online, as did 21% of all software sales. Consumers bought nearly $1.3 million in software over the Internet last year.