A female traveler turned to online travel after a coworker kept raving about the benefits of doing it alone in trip planning. Now she can reel off her own list of Internet travel coups. Train fare from Chicago to New York and back for $ 33, a hotel suite in Austin, Texas, for $ 26, round trip air fare to Denver for $ 100 and she’s just gotten started.
If you suddenly want to leave on a weekend trip, you may easily do so with impressive online finds. Only with just one click and exceptionally fast internet connection, people can now get their hands on great bargains for travelers plus the fact that there are so many airline fare wars that let people afford their fares easily contribute to the sharp number of people looking to the internet for such great finds. An independent travel research outfit discovered that last year posted over 35 million Americans purchasing travel online. The company further added that the other 19 million still went online but only to research on places.
According to another outfit’s projections, in this year alone the Internet can be able to generate almost 53 billion of revenue from leisure travel bookings alone, which comprises of 22 percent of the revenues of the travel industry. Online travel brims with so much life. Its strength went beyond our expectations. There are tons of incredible packages right now. 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.
With the smaller carriers being able to put more routes and planes that offer more benefits for travelers, the bigger airlines slashing transcontinental fares as a response and this scene becomes very advantageous to many people. If you’ve traveled from the East Coast to the West Coast and have gone through the rates of Florida flights then you should be well aware of the bloodbath in the midst of fuel prices that have gone beyond the roof, as well as bigger marketplace capacity and newly slashed cost of labor in the major airlines. Thanks to this stiff competition, the major airlines, have been struggling with this year’s tough financial situation ever since 2001.
In the diverse and competitive world of online travel, just as long as it is within a safe environment for travelers, these prices are extremely stimulative to the marketplace especially for those that strive for volume. But profitability counts for many online travel firms. 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. Only about 35 percent of online travelers are brand loyal. One great example would be scanning all the major travel websites, and this is something used by a well known web travel planner. A pair of lovers that also love travel go online to get good airline, train, car and hotel deals.
I’m just sorry that such trend has hurt the travel agents’ business, acknowledging that these travel agents can offer advice and help clients without patience of inclination to surf travel deals online avoid booking hassles. 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.
With the two biggest sites in online travel beefing up their efforts on promotion and investment, they have pushed the battle for market share up by a lot. In getting more corporate accounts, both were successful. But then analysts aver that the key to online firms’ success is by shifting towards packaging air fare, car rental and hotel rental together in just one payment. At least half of its earnings, for the very first time now, will be coming from other sources and not just airplane ticket sales. He mentioned that travel deals are simply the hot things now. In forward years, a lot more people will accept and support this far more that how they do today.