A female tourist decided to plan a trip on her own online thanks to a colleague’s constant raves on online travel’s benefits. Now she can reel off her own list of Internet travel coups. She only has to shell out $ 33 for train fare from Chicago to New York and back, a cheap amount of $ 26 for a hotel suite in Austin, Texas, and best of all, a round trip air ticket to Denver for just $ 100 and this is only the beginning.
Expect tons of magnificent deals awaiting you as soon as you decide to leave for the weekend. Consumers these days depend on the Web for their travel bookings in extremely higher figures, driven by airline fare wars found online, speedy Internet connections that enable people to shop conveniently and the cherry on top is the tantalizing notion that a handful of jaw dropping bargains can be found in just one click. More than 35 million Americans purchased travel online last year, according to an independent travel research firm. But the other 19 million respondents went on line but only to research on certain destinations, states the firm.
More than an estimated $ 53 billion can be achieved by the Internet as it keeps accommodating more people who book for leisure travels and such makes 22 percent of the travel industry’s overall income, as projected by another Internet travel research company. Online travel is a great feature at this day and age. It is stronger than what we initially perceived it would be. So many great deals are seen lately. The CEO of a Chicago based online travel company’s fearless forecasts is an extremely dramatic growth in the coming years thanks to the newly heightened airline competitions.
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’re among the frequent East Coast to West Coast fliers who are also well versed on the Florida flight rates, then you should also know about the bloodbath that exists thanks to the high cost of fuel, the bigger capacity in the travel marketplace and lastly, the reduced cost of labor seen in today’s more prominent airline firms. This proves to be the toughest year in terms of finances since 2001 due to the hard competition, he shares.
For people within the business of online travel that aim for bigger volume than high rates of their products, as long as the travel environment is safe, then this is still extremely stimulative to the marketplace. 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.
Earning is a hard task these days as increasingly web savvy people will transact deals with sites that can offer them great travel deals. About 35 percent of the online travelers prove to be brand loyal. For instance, a Web surfer’s technique in doing travel planning is by strictly going to all the key Web sites. A couple who are both travel aficionados go online to get the best deals in hotel, train, plane and automobile services.
On a sad note, many travel agents see their businesses failing thanks amid the fact that these offer the best services and truly help clients avoid hassles especially those that don’t have the chance to search for these great Internet travel deals. 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.
With the way they spend a lot on investment and promotion, the two biggest online travel service providers have started the market share war. In capturing more corporate clients, both are successful. But many analysts today aver that the ability of the online outfits to create a deal that already has a flight ticket, car rental and hotel accommodation all in is the gauge of whether they will succeed or not. For the first time in history, its income, at least half of it, will emanate from other sources beyond those derived from plane ticket sales. He mentioned that travel deals are simply the hot things now. It’s going to get hotter and much more broadly accepted by consumers than it is today.