OTC Comment on Online Travel Market

7th Feb 2003

Following an article from The Guardian (Saturday 1 February) - where online agency Opodo
advised that travellers using the web to search for deals will continue to drive growth in this sector - Mark Jones, CEO of OTC
, made the following statement:
Said OTC`s CEO Mark Jones
: “Opodo`s upbeat assessment of the state of the online travel market tallies with the figures we`ve seen since the start of the year. Whilst we are monitoring events in the Middle East we`re convinced there are still reasons to be cheerful in the industry.

“Fears of war and worldwide economic decline are not hitting the online sector of the travel industry. This partly reflects customers continued determination to travel, and not abandon all holiday plans during these uncertain times, but also shows that the online marketplace is currently the industry`s star performer, experiencing real growth like no other sector.

“OTC has seen an overall increase in bookings in the first quarter (since Nov 1) - Jan 1 of 70%, with exceptional growth in the self-packaging sector, where bookings are over four times that in the same period last year.”

Related stories on ITN:

(31/01/2003) UK Travel Industry Optimistic for 2003




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