Online shoppers now online travelers
A female tourist decided to plan a trip on her own online thanks to a colleague's constant raves on online travel's benefits
. Now she can plan around her own list of Internet travel coups. Round trip train ticket from Chicago to New York for only 33 dollars, 26 dollars only for an Austin, Texas hotel suite as well as airfare to Denver for 100 dollars which also takes her back to her original point of destination, and this is just the start.Once you plan to go out for the weekend, you can be able to grab some good, affordable deals. Plenty of consumers are now online travel savvy as they consult the Web consistently for their travel bookings and their numbers have now increased thanks to airline fare wars found online, fast paced connections to the Internet as well as the guiding principle that great deals abound in cyberspace. An independent outfit that focuses on travel research reveals that over 35 million Americans got their travel needs online. The rest, comprised of 19 million still went online but only to research on places, stated the company.
This year, the Web is expected to make up to $53 billion from just the leisure travel booking side, and this makes up around 22 percent of the income of the travel industry, reveals another research firm from their projections and studies. There is immense growth in online travel. It is stronger than we expected it to be. So many great deals are seen lately. Thanks to a newly intensified airline competition, more dramatic growth can be seen ahead, avers a Chicago based online travel agency's chief executive.
The low end carriers keep putting on more routes and planes that force their bigger rivals that respond by slashing transcontinental fares. If you're one of those East Coast to the West Coast fliers and consumers that research on the rates of Florida plane tickets, then you should also be knowledgeable about the bloodbath that exists in the major airline's lower cost of labor, the high costs of fuel and lastly, the new capacity in the marketplace. Also according to him, many of these airline companies are currently facing their toughest financial situation since 2001 with the rise of very tough competition.
For those in the business of online travel who go for volume, as long as the travel environment is safe, then this is very stimulative to the marketplace. Profitability is considered as a huge deal for many online travel companies. Even with the leader in the travel business screams of a very high bottom line, both of the most formidable online travel agents, which have the support of America's five largest airline companies are still determined to achieve net income despite generating very strong sales.
As web savvy consumers grow more each day, who look forward to transacting business with any online travel sites that gives them better deals for their travel needs, revenue is hard to build. Thirty five percent of these online travelers are extremely brand loyal. One great example is the tool used by an Internet travel planner never leaving any major travel site unvisited. A pair of lovers that also love travel go online to get good airline, train, car and hotel deals.
I'm sorry that this has hurt the business of travel agents, acknowledging that agents can offer advice and avoid booking hassles for those with neither the time nor the inclination to surf for deals. But this is the way I see it if you can do it right in your own home with your own desktop, why do you still need a travel agent then? Indeed, the hotel market has evolved into the hottest online travel sectors, as just in 2003 this sector has been responsible for the $8.7 billion leisure booking revenues.
The two biggest in the online travel business have turned on the market share war as they start spending heavily on promotion and investment. Both were successful in getting in more corporate accounts. For many analysts, the key to success for the online agencies is the shift toward packaging air, car rental and hotel together in one affordable and reasonable price. For the first time in history, its income, at least half of it, will emanate from other sources beyond those derived from plane ticket sales. He mentioned that travel deals are simply the hot things now. It's going to get hotter and much more broadly accepted by consumers than it is today.
Online shoppers now online travelers
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