After a friend’s constant raving on online travel, a lady decided to go online and plan her own tour. Now she has a wide range of Internet travel coups at her disposal. Some of her great first finds include a round trip train ticket from Chicago to New York for a small price of 33 dollars, plus 26 dollars for a nice hotel suite in Austin, Texas and best of all, she only needs to spend 100 dollars for a round trip plane ride to Denver and this just the beginning of her online travel promo hunting spree.
If you suddenly decide to pack your bags and go on vacation for the weekend, you can find great deals without a sweat. Many Internet savvy consumers take advantage of the high speed internet connections as well as airfare wars that abound in cyberspace which prove shopping convenience for many travelers and this is the main reason behind the unbelievable growth of the number of people that go online for their travel needs. An independent travel research outfit discovered that last year posted over 35 million Americans purchasing travel online. The 19 million researched on destinations and places, as told by the company.
In the projections undertaken by another travel research outfit, in this year alone, the Internet is expected to produce around 53 billion dollars of revenue mainly from leisure travel bookings which make up the 22 percentile of the travel industry’s revenues. Internet travel services are so robust. It has gone beyond our expectations. These days are seen with tons of incredible deals. An online travel needs provider based in Chicago has their chief executive office projecting an even more dramatic uptrend thanks to the newly heightened airline competitions.
Low cost carriers are adding routes and planes, forcing bigger rivals to slash transcontinental fares in response. If you’ve flown from the East Coast to the West Coast or checked out prices to Florida, it is a bloodbath, with high fuel prices, new capacity in the marketplace and new lower labor costs at major airlines. Airlines may be facing their toughest year financially since 2001 because of the stiff competition, he said.
In the world of online travel, as long as it is a safe environment for traveling, such prices are extremely stimulative to the marketplace for those who aim for bigger volume rather than revenue from higher costs. Income is a big issue for many travel dot coms. Amid an industry leader boasting of a huge bottom line, both of today’s largest names in online travel, even when backed by the five largest American airline corporations are still in a struggle on achieving net profit even as they generate good sales.
As consumers that are web savvy keep growing more and more, revenue is hard to come by as these consumers will easily transact business with online travel sites that offer them better deals for their leisure travels. Brand loyalty is seen in around 35 percent of 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 that loves to travel goes to the Internet for the best plane, hotel, car and train promos.
Isn’t it just depressing that a lot of today’s travel agents see their business spiral down even when they have the ability to assist clients in avoiding booking problems especially for the clients that do not possess ability to hunt for these deals online. But this is the way I see it there is very low demand for travel agents nowadays thanks to the fact that you can book your trip on your own if you have a computer.Without a doubt, the hotel market has become the hottest online travel sector generating $ 8.7 billion leisure booking revenues back 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. 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. Just now do we see that at least half of the income will be coming from sources other than just sales derived from airline tickets bought by consumers. He revealed that travel packages are now hot commodities. As this sizzles on, more people espouse it and more will in the coming years.