This comprehensive guide begins at Alfava Metraxis and ends at Doctor Who Magazine wins the ACE Press Award 0 Following its record breaking ABC figure earlier this year, Doctor Who Magazine had cause for further celebration at the 2014 ACE Press Awards held https://www.levitradosageus24.com/ viagra bedeutung online apotheke at the Museum of London. This may take a second or two.
New Report Evaluates Trends in Online Travel MarketDecember 9, 2008 By: George Dooley
A new report from travel industry research authority PhoCusWright Inc. reveals that as the online leisure/unmanaged business travel market in the U.S. has matured, supplier websites and online travel agencies (OTAs) appear to have reached relatively stable market share. Travel distribution models are blurring, PhoCusWright says.
PhoCusWright's Online Travel Overview Eighth Edition finds that supplier sites account for 61 percent of the online market vs. 39 percent for OTAs in 2008. This balance is projected to hold steady through 2010, although intense competition and tumultuous dynamics underlie this uneasy equilibrium, the company says.
“From 2003-2006, a period of strong overall growth for travel and the online market in particular, suppliers aggressively grew their online share through relentless marketing and incentives to drive consumers to book direct on their websites. But as the economy began to sputter in the second half of 2007, consumer demand slackened and OTAs started to benefit from a limited countercyclical lift,” PhoCusWright says.
According to a previously published report, PhoCusWright's Consumer Travel Trends Tenth Edition, 47 percent of online travelers cited online travel agencies as their primary shopping method in 2007 vs. 40 percent in 2006. But this is not necessarily translating into market share in revenue terms, PhoCusWright says.
“Increasingly, OTAs and supplier websites are attracting very different traveler segments. OTAs are attracting more infrequent leisure travelers, who may take just a few trips a year and are more price-sensitive. Suppliers, by comparison, are the preferred destination of the more frequent, loyal leisure/unmanaged business traveler, who may be less concerned with price and more interested in schedule, convenience and booking with specific suppliers.
“There are varying nuances to this dynamic across the different travel product categories. Rising airfares and weakening consumer confidence are fueling the hunt for bargain fares, particularly on OTAs and metasearch sites. Declining hotel occupancy and average daily rates are motivating hotels to push more discounting through online intermediaries, especially opaque and packaging channels, which are benefiting most from the economic downturn. Priceline and Hotwire have shined brightly amid a gloomy overall travel landscape,” PhoCusWright reports.
“Dollars vs. Eyeballs: OTAs may have an edge in eyeballs, with more foot traffic into their online stores. But that traffic converts far less, and is much more driven by price. Suppliers, on the other hand, are winning in dollars. They may have fewer customers, but their customers travel more and are likely to spend more per trip.”
PhoCusWright reports that these dynamics underpin the current blurring of travel distribution business models, one of the central tenets of the "Perfect Storm." Suppliers are trying to wring more dollars out of frequent, loyal bookers, which means increased focus on personalization, loyalty and community. OTAs, by comparison, are trying to wring any dollars out of their mass of unconverted lookers, as the almighty transaction gives ground to eyeballs and emerging advertising-based lines of business. Visit www.phocuswright.com.