The Steady Growth Of Online Travel
After a friend's constant raving on online travel
, a lady decided to go online and plan her own tour. She can now brag about her own list of travel coups in the Internet. She is so thrilled that it only takes her $33 for train fare from Chicago to New York and back as well, just $26 for an Austin, Texas hotel room and on top of these is a round trip plane ticket to Denver for just $100 and she's just getting warm. To get a closer look on travel insurance web visit this site.Exceptional deals await those who would want to get away and relax somewhere for the weekend. With the click of a mouse people can easily avail of great deals found in convenient online shopping thanks to high speed Internet connection plus the fact that so many online airfare wars contribute to the high number of people that go online. An independent travel research outfit discovered that last year posted over 35 million Americans purchasing travel online. The company states that 19 million others went online to learn more on destinations and places.
This year the Internet is expected to generate nearly $53 billion in leisure travel bookings alone nearly 22 percent of the travel industry's revenues, according to a projection from another research firm. Online travel is a great feature at this day and age. It has managed to be stronger than our expectations. So many great deals are seen lately. A Chicago based online travel needs provider's chief executive projects an even more dramatic growth ahead due to a freshly intensified competition among airlines.
The low end carriers keep putting on more routes and planes that force their bigger rivals that respond by slashing transcontinental fares. If you are a usual East Coast to the West Coast traveler or if you know a lot on the Florida plane ride costs, then you should also be able to know a lot on the bloodbath that is the major airline's newly lowered cost of labor, the high costs of fuel and finally, the bigger capacity in the marketplace. Airlines may be facing their toughest year financially since 2001 because of the stiff competition, he said. Visit this site for further information on travel insurance on the net.
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. For each travel business on the web, profitability is a major issue. While an industry leader boasts a prosperous bottom line, both of the other biggest online travel agents, which are backed by the five biggest U.S.airlines, are still striving to achieve a net profit despite strong sales.
Profits are hard to come by because increasingly Web savvy consumers will transact business with any site that gives them a better price. There is brand loyalty seen in around 35 percent of the online travelers. A good example would be the tool that a web travel planner uses, which is never leaving any key travel websites unvisited. A couple who loves to travel use the Internet to find plane, train, automobile 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 perceive it, why bother with a travel agent when you can do it in the convenience of your desktop at home? The biggest sector in the online travel business is the hotel industry which boasts of $8.7 billion leisure bookings starting in 2003.
The two major players in the online travel business have turned the market share battle a notch with the way they spend on marketing and investment endeavors. Both were successful in getting in more corporate accounts. Today's business analysts state that in order for the online agencies to attain success in the endeavors, they must venture into developing a package that already includes car rental, airfare and hotel accommodation within just one attractive deal. It is only today that we see that at least half of its revenues will be generated by sources beyond the sales from airplane tickets. This is the hot marketplace he said of travel packages. It is bound to sizzle and be accepted much more by consumers in the years to come.
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