Online Travel Industry :: essays research papers

Online Travel Industry net profit depart bookings have been very prosperous these past couple of years. During the offset three months of 2005, Internet endure bookings grew about 20 portion in the United States from the year earlier. Companies like Expedia, Travelocity, and Orbitz are putting more accent on selling to corporations and expanding in foreign markets. Travel has become unitary of the weaves most developed categories. According to comScore, online vacant travel bookings reached about $51 billion last year, or 44 percent of all online sales. Roughly 30 percent of all travel bookings sink online, which is a far greater share than retailing stores. Between 2001 and 2003, leisure travel bookings more than tripled, to $43 billion. After the September 2001 attacks, the travel provider industry had to take action in gear up to stay profitable. The industries well-tried desperately to reach consumers by offering discounted airfares and hotel prices, but the industry did non have enough money to support the advertising and marketing of these bargains and deals that they offered later on the September attacks. The industry then turned to companies like Expedia, Travelocity, Orbitz, and Priceline in order to advertise their bargains. These companies became great allies to the suppliers by selling hotel and airline bookings at hefty prices.In order to save even more money, the travel industry began to reduce the number of cut-rate rooms and airline seats they offered through travel agencies, while increasing efforts to attract customers directly to their Web sites, where they could sell their products commission-free.