No one expected 2009 to be a banner year for travel, and as expected, consumer spending overall endured a tremendous amount of strain.
Priceline announced its latest big score—the acquisition of Manchester, U.K.-based TravelJigsaw, one of the largest car rental-only OTAs in the world.
As U.S. travelers look ahead to the second half of 2010 and beyond, the general sentiment is clearly more positive than it was in 2009.
Ancillary Services Shake Up Air Travel Distribution
Today’s turbulent travel market provides the perfect opportunity for innovative companies to launch new technologies and solutions. Start-ups, emerging players and established companies innovate every minute of every day to beat the competition.
Just over one-third of consumers (34%) report that a technical glitch will lower their likelihood of visiting a travel Web site again. According to Consumer Response to Travel Site Performance, business travelers in particular are less tolerant of glitches than leisure travelers.
Il turismo e’ vitale per l’economia dell’Italia. Nonostante l’attuale crisi economica, il mercato italiano dei viaggi online e’ uno dei piu’ attivi segmenti per l’industria turistica italiana e crescera’ ancora quest’anno.
PhoCusWright has released what it claims is the first definitive and comprehensive study of the tour operator and packaged travel market in the United States. Commissioned by the American Society of Travel Agents (ASTA) and researched and produced by PhoCusWright, the study aim to unravel the complexities of a market worth over US$18.3 billion in gross travel sales in 2008.
Travel leaders from the New York metro area gathered Tuesday to learn about the latest industry trends and opportunities. The PhoCusWright Analyst Forum at the Grand Hyatt New York played host to lively discussions between PhoCusWright’s veteran analysts and an engaged audience. The Forum featured interactive discussions on the current travel consumer outlook, opportunities present in the vacation rental marketplace and new findings on the importance of destination marketing.
Destination marketers play a unique role in the leisure travel marketplace, positioned at the crossroads between travelers and travel suppliers. Thousands of national, state, regional and local level destination marketing organizations (DMOs), convention and visitor bureaus (CVBs) and national tourism organizations (NTOs) play a vital role in stimulating travel demand.
PhoCusWright Connect, the new forum for global travel leaders to actively engage and debate the latest industry trends and issues, has launched by PhoCusWright. The social community serves as an extension of www.phocuswright.com and offers news, commentary, video and social networking features.
According to a report commissioned by Amadeus and conducted by PhoCusWright, the travel management companies (TMC) sector in China is set for explosive growth - if the industry can overcome challenges in China’s regulatory environment and in technology infrastructure.