PhoCusWright Travel Company In The News
December 22, 2008 IFTTA
Europe: PhoCusWright predicts European online travel bookings to increase by 19 percent in 2008
According to the fourth edition of PhoCusWright's European Online Travel Overview, online sales growth for leisure/unmanaged business travel for 2008, projected at 19 percent, is significantly greater than the 3 percent rate expected for the European travel industry as a whole. Internet bookings of leisure/unmanaged business travel will represent 29 percent of the €246 (US$310) billion European travel industry at the close of 2008.
December 09, 2008 PR Web
Acuity-Powered iM@ Wins Top Travel Innovation Award
"PhoCusWright is without a doubt the most significant annual event in travel technology" said Kerry J. Cannon, Jr., CEO of iM@. "To earn the Top Innovator award as a newer company is a tremendous validation of our business model, and has further enhanced our credibility among travel suppliers, potential partners, and the venture community."
December 09, 2008 Travel Agent Central
New Report Evaluates Trends in Online Travel Market
“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.
December 09, 2008 Hospitality Net
Supplier Web Sites vs. Online Travel Agencies: Who's Really Winning?
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 Web sites and online travel agencies (OTAs) appear to have reached relatively stable market share. PhoCusWright's Online Travel Overview Eighth Edition, finds that supplier sites account for 61% of the online market vs. 39% for OTAs in 2008. This balance is projected to hold steady through 2010, although intense competition and tumultuous dynamics underlie this uneasy equilibrium.
December 08, 2008 Sky Scanner
Growth of online flight bookings outpaces growth of traditional methods
Figures from travel industry research authority Phocuswright have revealed that the growth is likely to continue until 2010, despite the effects of the global recession.
December 08, 2008 TME Solutions
European online travel market expected to grow by 19 percent in 2008 despite global economic challenges
At the close of 2008, online leisure/unmanaged business travel bookings are projected to represent 29 percent of the ?246 billion European travel industry, the world's largest regional travel market. According to PhoCusWright's European Online Travel
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December 08, 2008 Engine Works
Searching for Value
“No other form of marketing is more critical to your success in the travel and tourism industry than Search Engine Marketing.” If it were possible for a conference to give a quote, this would be the statement given by The PhoCusWright Conference, which took place last week at the Renaissance Hollywood Hotel in Hollywood, California.
December 07, 2008 CheapFlights.com
Travel Report: Despite Economy, Online Travel Continues to Grow
New reports from PhoCusWright (www.phocuswright.com), a respected industry research firm, say more people booked online travel during 2008 than years before.
PhoCusWright Vice President of Research Lorraine Sileo says, “online [ticket] sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking better bargains.”
December 07, 2008 USA Today
Are you a 'Next Generation' traveler?
December 06, 2008 Tech Adoo
Video: WorkLight Demo @ Travel Innovation Summit PhoCusWright 2008
WorkLight enables travel and hospitality service providers to securely connect with customers via Web 2.0 tools, where they spend time on the web. The WorkLight server handles the security issues associated with the enterprise use of Web 2.0 technologies and also provides framework so that companies can write an interface one time, but offer their solution across many Web 2.0 platforms like…
December 05, 2008 USA Today
Some companies (like Wal-Mart) thrive despite recession
HomeAway also is No. 1 in the online vacation-rental sector — a $48 billion market in the USA and Europe, according to research firms PhoCusWright and Illuminas. Already established in Europe, HomeAway is looking at Brazil and Asia now.
December 05, 2008 PR Web
U.S. Online Travel Market Slows to Single Digit Growth in 2008
"As the economic outlook becomes increasingly bleak, the real question on the minds of many in the travel industry is, just how bad will it get for travel?" said Lorraine Sileo, PhoCusWright's vice president of research. "Despite softening consumer spending and declining travel demand, online sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking out better bargains."
December 05, 2008 Live Rez
Your Glass Half-Full or Half-Empty? Overflowing for Vacation Rentals, I say!!!
Latest report from PhocusWright on Leisure/Unmanaged travel shows that both overall travel (2-4% per year) and online travel (7-9% per year) will GROW in the next couple of years.
December 05, 2008 Travel Daily News
U.S. online travel market slows to single digit growth in 2008
"As the economic outlook becomes increasingly bleak, the real question on the minds of many in the travel industry is, just how bad will it get for travel?" said Lorraine Sileo, PhoCusWright's vice president of research. "Despite softening consumer spending and declining travel demand, online sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking out better bargains."
December 04, 2008 4Hoteliers
US Online Travel In Decline First Time In 10 Years
"As the economic outlook becomes increasingly bleak, the real question on the minds of many in the travel industry is, just how bad will it get for travel?" said Lorraine Sileo, PhoCusWright's vice president of research. "Despite softening consumer spending and declining travel demand, online sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking out better bargains."
December 04, 2008 Hospitality Net
U.S. Online Travel Market Slows to Single Digit Growth in 2008
Annual growth of the U.S. online leisure and unmanaged business travel market will slip to single digits in 2008. This marks the first time online travel growth has fallen below double digits since PhoCusWright began tracking online travel in 1998.
December 03, 2008 Live Rez
Some Good Travel News…Europeans Booking More Travel Online
This study from PhocusWright shows that the online travel booking will continue to grow in Europe.
December 03, 2008 Hospitality Trends
U.S. Online Travel Market Slows to Single Digit Growth in 2008
"As the economic outlook becomes increasingly bleak, the real question on the minds of many in the travel industry is, just how bad will it get for travel?" said Lorraine Sileo, PhoCusWright's vice president of research. "Despite softening consumer spending and declining travel demand, online sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking out better bargains."
December 03, 2008 Travel Agent Central
U.S. Online Travel Market Slows to Single Digit Growth in 2008
"As the economic outlook becomes increasingly bleak, the real question on the minds of many in the travel industry is, 'Just how bad will it get for travel?'" said Lorraine Sileo, PhoCusWright's vice president of research. "Despite softening consumer spending and declining travel demand, online sales will continue to outpace total market growth as travelers increasingly shop and book online, seeking out better bargains."
December 03, 2008 Travel and Tourism
Are Travel Agents Becoming Obsolete
PhoCusWright is a leading authority on market research within the travel industry. According to their analysis of a recent study into the U.S travel agency marketplace during 2007 "the dramatic shifts upending travel distribution have both imposed and facilitated tremendous change among agencies. Once the primary means by which consumers purchased travel, agencies have seen a substantial amount of their business primarily sales of stand-alone flights, hotels and car rentals shift online and supplier commissions erode.
December 03, 2008 Outbound Holidays
European Online Travel Bookings to Increase 19% Despite Economic Challenges
Internet bookings of leisure/unmanaged business travel will represent 29 percent of the €246 billion European travel industry at the close of 2008, according to the fourth edition of PhoCusWright’s European Online Travel Overview. “Global economic challenges have exerted downward pressure on the European travel industry as a whole in 2008,” said Carroll Rheem, director, research for PhoCusWright. “Consumers are looking online to find the best value for their money and operators are looking to cut distribution costs as much as possible. Although overall travel demand will suffer, these trends will drive more business online in 2009.”
December 02, 2008 Travel Daily News
European online travel market expected to grow by 19 percent in 2008 despite global economic challenges
At the close of 2008, online leisure/unmanaged business travel bookings are projected to represent 29 percent of the €246 billion European travel industry, the world's largest regional travel market. According to PhoCusWright's European Online Travel Overview Fourth Edition, online travel bookings will grow significantly faster than total gross bookings, which are projected to increase by 3 percent. Unlike the United States, Europe will continue to see double-digit growth in online travel. However, that rate is expected to slow as online travel reaches maturity in certain European markets.
December 02, 2008 Hospitality Trends
European online travel bookings will jump by 19 percent in 2008 despite global economic challenges
"Global economic challenges have exerted downward pressure on the European travel industry as a whole in 2008," said Carroll Rheem, director, research for PhoCusWright. "Consumers are looking online to find the best value for their money and operators are looking to cut distribution costs as much as possible. Although overall travel demand will suffer, these trends will drive more business online in 2009."
December 02, 2008 ETN
Amid global economic challenges, PhoCusWright predicts European online travel bookings to jump by 19 percent in 2008
"Global economic challenges have exerted downward pressure on the European travel industry as a whole in 2008," said PhoCusWright research director Carroll Rheem. "Consumers are looking online to find the best value for their money and operators are looking to cut distribution costs as much as possible. Although overall travel demand will suffer, these trends will drive more business online in 2009." PhoCusWright's research also proves that while Europe is playing catch up to the US in online market penetration, some regions are more mature than others. "The United Kingdom and Scandinavia are well ahead of the curve," added Ralph Merten, PhoCusWright market analyst for Europe.
December 01, 2008 Marketing on the Smart Web
More from PhoCusWright
During the recent conference I had the opportunity to talk to some companies that were not presenting at the Travel Innovation Summit or on Center Stage but offer innovative solutions that have already, or will in future, appear on our radar screens:
December 01, 2008 The Wall Street Journal
How Will Mumbai Terrorism Affect Indian Travel?
“If there’s a downturn it’s going to be temporary,” said Philip Wolf, President and CEO of travel research group PhoCusWright, which has an office in Mumbai and has been focusing on the growing Indian travel market. “So many of these things have happened, so everybody now knows people will continue to travel.”
December 01, 2008 Travolution
Are OTAs brave enough to go for the holiday rental market?
Obviously Brian Sharples, CEO of US 'vacation rentals' giant HomeAway, was quite understandably talking a good game when he told me in Los Angeles about the size of the European market - an astonishing $25 billion, based on HomeAway's evaluation following a paid-for report by PhoCusWright into the US market.
December 01, 2008 Tips From the T-List
More from PhoCusWright
During the recent conference I had the opportunity to talk to some companies that were not presenting at the Travel Innovation Summit or on Center Stage but offer innovative solutions that have already, or will in future, appear on our radar screens.
December 01, 2008 eTravel Blackboard
Online travel facilities merging for efficient service
The partnership between the two appears to provide further evidence of recent findings by PhoCusWright, who claimed that the growth of referral and advertising based revenue would challenge the dominance of the bookings-driven business in online travel.
December 01, 2008 Export Focus
Unmanaged Business Travel: Online Booking Increases in Europe
The study — PhoCusWright’s European Online Travel Overview, shows online sales growth for leisure and unmanaged business travel for 2008, projected at 19 percent, is significantly greater than the 3 percent rate expected for the European travel industry as a whole. PhoCusWright forecasts that half of travel in the United Kingdom and Scandinavia will be booked on leisure/unmanaged business travel sites by 2010. Scandinavians will have booked over 40 percent of their travel online at the close of 2008 as Internet bookings of leisure/unmanaged business travel will represent 29 percent of the €246 billion European travel industry.
November 28, 2008 Wall Street Journal
Frequent Travelers Wonder if Any Place Is Safe
"If there's a downturn it's going to be temporary," said Philip Wolf, President and CEO of travel research group PhoCusWright, which has an office in Mumbai and has been focusing on the growing Indian travel market. "So many of these things have happened, so everybody now knows people will continue to travel." Mr. Wolf, of PhoCusWright, also notes that the Indian tourist industry was already showing signs of softness. "This economic downturn is having a bigger widespread effect on travel than I think this attack will," Mr. Wolf said.
November 27, 2008 4Hoteliers
Online takes the 'A' train
Travel sites have become media sites, and online travel agencies and metasearch engines have become publishers. It’s now a blend of PPC and PPA.
Travel is only following the bigger trend – MySpace has created MyAds which allows clients to create their own ads. It reported brings in daily revenues of US$150,000 a day and is projected to earn MySpace US$1 billion in 2009, according to Philip Wolf, CEO and President of PhoCusWright, in his opening speech.
November 27, 2008 Wild Blue Skies
TravelGuru’s Flight Search Powered By iXiGo
Recent findings from global market research firm PhoCusWright, suggest that the growth of referral- and ad-based revenue is challenging the dominance of traditional bookings-driven business models in online travel leading to hybrid business models, with travel suppliers and intermediaries mixing and matching their offerings to assume new roles in the search-shop-buy process.
November 26, 2008 eHotelier
PhoCusWright Names Travel Industry's Most Innovative Application
"The Travel Innovation Summit demonstrators afforded attendees a sneak preview of the next big wave of ideas that will shape the travel marketplace over the next 12 to 18 months," noted Philip Wolf, PhoCusWright president and CEO. "Because the travel researching, planning, sharing and purchasing process is wholly digital, travel is an e-commerce category killer. Technology-based innovation that improves customer travel planning experiences is therefore a growth catalyst for the overall industry," Wolf added.
November 25, 2008 Travel Notes
--> Canadian Tourism: Musings on the PhoCusWright Conference Hollywood …
The PhoCusWright Conference happening the US (either fashionable Los Angeles or Orlando – it alternates venue) is as likely as not the largest debate of its humanitarian up-to-date the earth. The focus of PhoCusWright is first and foremost feasible the technologies extra technologically based services
that guide proceed on all sides of the world. What this plan current today’s ramble job universe is digital technologies, the Web, Roaming devices, intranets, B2B with the addition of B2C, etc. The energy to about the most factor is newest the allegation of tourism product on all sides of the globe. While there were indefinite workshops, panels add-on presentations nonpareil singular plant focused hypothetical auction per se add-on current my conception it was extra regarding online plug than auction. Mass of record doable clicthrus, effectivenes of frisk vs. assign ads, cast around prep added to assign collective, etc.)
November 25, 2008 TravelNotes.com
Farewell thoughts potential attainable PhoCusWright 2008 happening cooperation to Canadian Tourism
The PhoCusWright Conference happening the US (either fashionable Los Angeles or Orlando – it alternates venue) is as likely as not the largest debate of its humanitarian up-to-date the earth. The focus of PhoCusWright is first and foremost feasible the technologies extra technologically based services that guide proceed on all sides of the world. What this plan current today’s ramble job universe is digital technologies, the Web, Roaming devices, intranets, B2B with the addition of B2C, etc. The energy to about the most factor is newest the allegation of tourism product on all sides of the globe. While there were indefinite workshops, panels add-on presentations nonpareil singular plant focused hypothetical auction per se add-on current my conception it was extra regarding online plug than auction. Mass of record doable clicthrus, effectivenes of frisk vs. assign ads, cast around prep added to assign collective, etc.)
November 25, 2008 Canadiam Tourism
Final thoughts on PhoCusWright 2008 in relation to Canadian Tourism
The PhoCusWright Conference in the US (either in Los Angeles or Orlando – it alternates venue) is perhaps the largest conference of its kind in the world. The focus of PhoCusWright is mostly on the technologies and technologically based services that drive travel around the world. What this means in today’s travel business environment is digital technologies, the Web, Mobile devices, intranets, B2B and B2C, etc. The emphasis for the most part is in the distribution of tourism product around the world. While there were many workshops, panels and presentations only one workshop focused on marketing per se and in my opinion it was more about online advertising than marketing. (lots of data on clicthrus, effectivenes of search vs. display ads, search and display combined, etc.)
November 25, 2008 Hotel i Tour
Podcast: Last day in Hollywood After the PhoCusWright Conference 2008
For fun, my last day mashup in Hollywodd after the 4 days PhoCusWright conference 2008. Be aware, I made a foreign photo inside this mashup, just look and then read bellow the video for the answer ;-) I will post soon more serious post about PhoCusWright conference, and will put also some video I made. Particularly the video about the Bloggers Summit, 12 mn very interesting…
November 24, 2008 Travel Trends
No More Glitz and Glamour, Just Hard Work
THE question has been nagging me for years. What’s happening at the centre of the world’s online travel industry? Finally, I put my hand in my pocket and travelled to the PhoCusWright conference in Hollywood to find out. The answer … complicated.
November 24, 2008 Company Blog
Highlights from PhoCusWright
Earlier this week we presented at The Travel Innovation Summit at the PhoCusWright conference in Hollywood, Calif. Along with 31 other innovative companies, we gave a 10-minute demonstration of our product, which you can see here. Some of the other innovations we found interesting include:
November 24, 2008 Tips From the T-List
Another PhoCusWright Conference is History
and what an conference it was. Under the very appropriate theme, pplicable not only for the travel industry but the global economy itself, which despite the turmoil it is undergoing now and for some time in the near future will produce innovative winners, close to one thousand participants gathered in Hollywood and it became clear right from Philip Wolf’s opening speech, that for the next few days this was the focal point of the global travel industry.
November 24, 2008 Tripology
From the CEO - just back from PhoCusWright
ell, I’m just back in the office after having spent last week in Hollywood CA at PhoCusWright; one of the leading conferences for our industry. The conference was packed and all the movers and shakers were there; OTAs, Research Analysts, Hotel companies, technology companies, etc. I attended as many presentations as I could, though the event for me has always been about networking and creating strategic partnerships
November 24, 2008 Marketing on the Smart Web
Another PhoCusWright Conference is history
...and what an conference it was. Under the very appropriate theme,applicable not only for the travel industry but the global economy itself, which despite the turmoil it is undergoing now and for some time in the near future will produce innovative winners, close to one thousand participants gathered in Hollywood and it became clear right from Philip Wolf’s opening speech, that for the next few days this was the focal point of the global travel industry.
November 24, 2008 Canadian Tourism
Musings on the PhoCuswright Conference Hollywood 2008
The PhoCusWright Conference in the US (either in Los Angeles or Orlando – it alternates venue) is perhaps the largest conference of its kind in the world. The focus of PhoCusWright is mostly on the technologies and technologically based services that drive travel around the world. What this means in today’s travel business environment is digital technologies, the Web, Mobile devices, intranets, B2B and B2C, etc. The emphasis for the most part is in the distribution of tourism product around the world. While there were many workshops, panels and presentations only one workshop focused on marketing per se and in my opinion it was more about online advertising than marketing. (lots of data on clicthrus, effectivenes of search vs. display ads, search and display combined, etc.)
November 23, 2008 BNet Travel
Video Presentations from PhoCusWright
First up, we have all the presentations from the Travel Innovation Summit. You’ll notice that the player they use is actually from one of the innovators, TripTelevision. Also, if you’d like to see interviews will all kinds of companies and attendees, you can look for it here on the PhoCusWright site or on their YouTube channel.
November 23, 2008 Next Blog
Notes from PhoCusWright Conference From CitiGroup
We attended the PhoCusWright Online Travel Conference In Hollywood - Despite the current economy, the conference was surprisingly well attended and featured Online Travel companies like Expedia, Priceline, and Travelocity; suppliers like Marriott, United Airlines, and Wyndham; search engines Google and Kayak.com.
November 23, 2008 bNet
Video Presentations from PhoCusWright
I know I said I was done with the PhoCusWright posts, but I’ve got some more for the junkies who just can’t get enough. PhoCusWright has put a ton of content up on their website and on YouTube, so you can stop listening to me and start seeing it for yourselves.
November 22, 2008 Trip How
* triphow.com * About Triphow Blog * Wow! You Found Trip How! PhoCusWright Travel Innovators & Climate Counts
The PhoCusWright Conference in Hollywood (Nov 17-20) saw 32 travel companies giving demonstrations at the Travel Innovation Summit on Monday Nov 17. The demonstrations were voted on in real time by audience members, and PhoCusWright has now announced the names of the six companies who got the most votes.
November 21, 2008 Hospitality Net
Interactive Mobile @dvertising LLC Named Travel Industry's Most Innovative Application
"The Travel Innovation Summit demonstrators afforded attendees a sneak preview of the next big wave of ideas that will shape the travel marketplace over the next 12 to 18 months," noted Philip Wolf, PhoCusWright president and CEO. "Because the travel researching, planning, sharing and purchasing process is wholly digital, travel is an e-commerce category killer. Technology-based innovation that improves customer travel planning experiences is therefore a growth catalyst for the overall industry," Wolf added.
November 21, 2008 Citigroup Global Markets
Travel Conference Takeaways
We attended the PhoCusWright Online Travel Conference In Hollywood — Despite
the current economy, the conference was surprisingly well attended and featured
Online Travel companies like Expedia, Priceline, and Travelocity; suppliers like
Marriott, United Airlines, and Wyndham; search engines Google and Kayak.com
November 20, 2008 Hospitality Net
PhoCusWright Announces Travdex™| The Trade Show For Travel Technology
"This is the perfect time and ITB is the ideal partner for TRAVDEX™," said Philip C. Wolf, president and CEO of PhoCusWright. "Travel is the world's largest industry, highly fragmented and intensely competitive. And success is critically dependent on making the right choices about technology-based innovation and technical platforms."
November 20, 2008 PRWeb
Six Most Promising Travel Innovations Revealed - Six Winners Move on to Center Stage--One to Achieve "Best in Show"
PhoCusWright, the travel industry research authority, announced today the six highest scoring demonstrations from the three categories of Monday's Travel Innovation Summit at The PhoCusWright Conference in Hollywood. They six winners are Home&Abroad, Interactive Mobile @dvertising LLC, TripIt, Triporati, Wandrian Inc. and Yapta.com.
November 20, 2008 Travel Trends
Suppliers Gain Market Share From Online Retailers
According to the latest report from PhoCusWright, 40% of online travel shoppers in the United States price check on web agency sites before booking direct with the supplier
November 20, 2008 Biz Report
Single Digit Growth Forecast for Online Travel Booking Industry
According to PhoCusWright, the reason for the continued success of online travel booking was "consumer comfort with online purchasing, perception of the Web as having the lowest prices and supplier disincentives for booking through other channels".
November 20, 2008 Focus on Travel News
PhoCusWright Announces Travdex™: The Trade Show for Travel Technology
"This is the perfect time and ITB is the ideal partner for TRAVDEX™," said Philip C. Wolf, president and CEO of PhoCusWright. "Travel is the world's largest industry, highly fragmented and intensely competitive. And success is critically dependent on making the right choices about technology-based innovation and technical platforms."
November 19, 2008 Hotel Marketing
PhoCusWright forecasts online travel growth at lowest levels
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 19, 2008 4Hoteliers
Most promising travel innovations revealed
PhoCusWright announced today the six highest scoring demonstrations from the three categories of Monday's Travel Innovation Summit at The PhoCusWright Conference in Hollywood.
November 19, 2008 Tips From the T-List
PhoCusWright: Model Blur - media and retail. Big deal for the industry but less for consumers
Philip Wolf is giving his opening monologue at the Centre Stage part of the PhoCusWright conference in LA. The second storm in the "Perfect Storm" is the merging of models in Travel between the media model and the retail model. The media model being eyeball focused, content companies that generate money from advertisers (think TripAdvisor and Away in the travel space, Yahoo!, MSN and online newspapers in the more general media space). The retail model is based on transactions direct with consumers (surely you don't need me to give you examples).
November 19, 2008 Investors.com
E-Travel Outfits Packing More Treats
The challenging times might be an opportunity for these new products, says Philip Wolf of research firm PhoCusWright, host of a travel industry show in Los Angeles this week focused in part on tech tools.
"Frugality always spawns innovation," the PhoCusWright CEO told IBD. "All of the companies that use these applications need spurts of growth, market-share shift and some competitive advantage."
November 19, 2008 Hospitality Net
Post News 19 November 2008 Six Most Promising Travel Innovations Revealed at PhoCusWright Travel Innovation Summit
PhoCusWright, the travel industry research authority, announced today the six highest scoring demonstrations from the three categories of Monday's Travel Innovation Summit at The PhoCusWright Conference in Hollywood. They six winners are Home&Abroad, Interactive Mobile @dvertising LLC, TripIt, Triporati, Wandrian Inc. and Yapta.com. "The Travel Innovation Summit demonstrators afforded attendees a sneak preview of the next big wave of ideas that will shape the travel marketplace over the next 12 to 18 months," noted Philip Wolf, PhoCusWright president and CEO.
November 19, 2008 IAGBlog Podcasts
PhocusWright - Did you know how big vacation rental homes are?
At this week's conference in Hollywood, amazing news about the sheer size of this industry (if one can call it that yet) emerged. There are numerous players in the space. This podcast comes in two parts. The first part is really a briefing from PhocusWright's senior director of research, Douglas Quinby. He explains what their research discovered. It eye popping stuff. Almost certainly this is something you will start using on your travel plans.
November 18, 2008 4Hoteliers
APAC Will Reach Tipping Point Within 5 Years
That's when they feel travel booked online as a percentage of total travel bookings would cross the 50% mark. Currently, according to PhoCusWright research, the figure stands at between 15 and 20%. In the US, the percentage of travel booked online crossed the chasm in 2007, reached 56% in 2008 and is predicted to go past 60% after 2009, said PhoCusWright. In Europe, the number stands at 42% in 2008. This means that globally, travel booked online now stands at just under 50% of the total market.
November 18, 2008 Breaking Travel News
First travel technology show launched
"This is the perfect time and ITB is the ideal partner for TRAVDEX™," said Philip C. Wolf, President and CEO of PhoCusWright. "Travel is the world's largest industry, highly fragmented and intensely competitive. And success is critically dependent on making the right choices about technology-based innovation and technical platforms."
November 18, 2008 Breaking Travel News
Whoever at PhoCusWright decided on Hollywood as the venue for this year’s conference should be immediately invited to join President-elect Obama’s new transition team. Day one of what has been billed as the travel industry event of the year did not di
Whoever at PhoCusWright decided on Hollywood as the venue for this year’s conference should be immediately invited to join President-elect Obama’s new transition team. Day one of what has been billed as the travel industry event of the year did not disappoint.
November 18, 2008 Travel Trends
December, 2008, 8:04:03 AM Click here to subscribe Events INNOVATION, INSPIRATION, DISTRIBUTION * Bookings * Images * Program SYDNEY, MARCH 19, 2009 Bookings are now open for No Vacancy 2009, Australia's leading accommodation industry
These were the overwhelmingly prevalent themes among the 32 companies that presented at the PhoCusWright Travel Innovation Summit. In some cases the technology was very impressive, though there were few if any that blew the audience away. More like a refinement of trends that have been apparent for quite some time, in particular variations on search. Where do I want to go? What it’s like? Who can get me a deal?
November 17, 2008 Canadian Tourism
Meeting The Bloggers at PhoCusWright 2008 Hollywood
The PhoCusWright Conference is one of the premier events in the travel and technology space. Judging by the number (900+) and calibre of registrants, which in the current economic environment is more than remarkable, the conference promises to deliver valuable insights into the state of Web and travel, mobile and travel and more. As part of the conference events, PhoCusWright presents the Bloggers Summit bringing together a strong group of the most influential travel bloggers in the world.
November 17, 2008 Hospitality Net
Internet Marketing firm A Couple of Chicks Expands Reach with Appearances at leading Tourism and Travel Events
As over 42% of all consumers research travel online (PhoCusWright), travel and tourism industry leaders continue to focus on how to maximize their online marketing dollars to increase ROI. With competition increasing and the economy volatile, the need for quality education about how to market travel online is a high priority for the hospitality industry.
November 17, 2008 IAGBlog Podcasts
Meet EKitx
At the Phocuswright Conference in Hollywood, we were introduced to ekit (www.ekit.com), an Australian-based firm that is launching a very clever tool. Sold as a GSM SIM card, the service really is much, much more. When you buy the SIM card you get access to something you don't expect - an online travel journal - an automated one at that. Using cell towers for triangulation, the system tracks your location automatically and you can leave a trial of where you're traveling for your friends and family to keep track of you.
November 16, 2008 Internet and Business
How Much Will Online Travel Slow?
Online travel bookings will total $98.2 billion in 2008, up just 9% over 2007, according to PhoCusWright. The company said that some online travel providers would fare better than others, with rail sales growing by 28%, while hotel bookings would rise only 8%.
November 15, 2008 Peter Greenburg WorldWide
This Week: November 15, 2008
Phil Wolf, CEO and President of PhoCusWright, will be talking with Peter about his wish list for President-Elect Obama.
November 14, 2008 Market Watch
Internet Marketing Firm A Couple of Chicks Expands Reach with Appearances at Leading Tourism and Travel Events
As over 42% of all consumers research travel online (PhoCusWright), travel and tourism industry leaders continue to focus on how to maximize their online marketing dollars to increase ROI. With competition increasing and the economy volatile, the need for quality education about how to market travel online is a high priority for the hospitality industry.
November 14, 2008 Canadian Tourism
Canadian Tourism Blog at PhoCusWright Conference in Hollywood next week.
PhoCusWright is the largest travel industry strategy and technology conference in the world. Sessions include the Travel Innovation Summit which will feature over 30 eTravel innovation companies pitching to the attendees, Canadian company RezGo.com included. PhoCusWright`s signature event, Center Stage takes place Wed and Thurs. This year`s topic Search, Shop, Buy is sure to educate and excite those in attendance. Over 900 registrants will converge in the heart of Hollywood for this conference. While most attendees are from the USA there will be several of us Canucks as well as some participants from the UK, Sweden, Germany, Norway, Spain, Australia, New Zealand, Mexico, Colombia, Argentina and India. I am sure it will be very interesting and a lot of fun.
November 14, 2008 Market Watch
Internet Marketing Firm A Couple of Chicks Expands Reach with Appearances at Leading Tourism and Travel Events
As over 42% of all consumers research travel online (PhoCusWright), travel and tourism industry leaders continue to focus on how to maximize their online marketing dollars to increase ROI. With competition increasing and the economy volatile, the need for quality education about how to market travel online is a high priority for the hospitality industry.
November 13, 2008 Hospitality Trends
Phocuswright Re-Examines its Top 10 Predictions For Travel Technology In 2008
In March, PhoCusWright predicted the top 10 trends and themes in travel technology for 2008. The accuracy of those predictions will be explored at The PhoCusWright Conference next week-especially during The Travel Innovation Summit that kicks off the conference on November 17.
November 13, 2008 eMarketer
http://www.emarketer.com/Article.aspx?id=1006731
Online travel bookings will total $98.2 billion in 2008, up just 9% over 2007, according to PhoCusWright. The company said that some online travel providers would fare better than others, with rail sales growing by 28%, while hotel bookings would rise only 8%.
November 13, 2008 Trend Bird
[Investing] Vacation Rental Site Raises $250M.
The vacation rental marketplace in the United States is valued at $24 billion, according to travel industry research firm PhoCusWright, and the market in Western Europe is about the same size, according to research firm Illuminas.
November 11, 2008 Gaming Industry Wire
Triptelevision Selected To Participate In The Phocus Wright Travel Innovationsummit
TripTelevision is chosen as one of thirty vendors worldwide to be featured at the first annual Travel Innovation Summit at The PhoCusWright Conference!
November 11, 2008 Business News Blog
Renting a Villa, Not a Dump
While some travelers swear by the roomier set up, kitchen access and often homey feeling of vacation rentals, only about 10% of Americans booked a vacation rental sometime in the past two years, according to data in a forthcoming report from PhoCusWright Inc.
November 11, 2008 Business Week
HomeAway: A Find in Online Vacation Rentals
Other hurdles include the weakening travel market and the increasing need to earn the trust of consumers wary of giving a stranger thousands of dollars to rent a home. "The biggest challenge they have to overcome is in safeguarding that customer experience," says Douglas Quimby, senior director of research for PhoCus Wright, a travel-research company. "It's an unbranded world."
November 11, 2008 Breaking Travel News
BTN Interview: Bob Offutt on the Travel Innovation Summit
Bob Offutt, Senior Technology and Airline Analyst at PhoCusWright tells Breaking Travel News all about the company's plans for next week's Travel Innovation Summit, a new event that showcases the travel industry’s hottest, most innovative Web and mobile-based applications.
November 10, 2008 Travolution
What to expect at World Travel Market 2008?
Nevertheless it will be an interesting week. It's the first time Travolution has attended for a few years as the PhoCusWright event in Orlando coincided with WTM 2007.
November 09, 2008 Tips From the T-List
WebInTravel & PhoCusWright: See me, Philip Wolf and Ram Badrinathan in action
If you are looking for a prelude to PhoCusWright here is a link to a thirty minute video of me (Tim Hughes), PhoCusWright CEO Philip Wolfe and AP Head of Research Ram Badrinathan talking shop at the recent WebInTravel conference.
November 08, 2008 Services Review Buy
Renting a Villa, Not a Dump
PhoCusWright asked more than 8,000 Americans who had traveled in the past year and who had shopped online at least once what held them back from booking a vacation rental. Many simply didn’t ever think of it or didn’t have enough information about the property, assumed rentals only made sense to book for long, group trips and worried they wouldn’t have access to hotel-like services. The overall concern was “basically it’s not branded, and it’s not a hotel,” says Douglas Quinby, senior research director at PhoCusWright.
November 07, 2008 eHotelier
PhoCusWright forecasts online travel growth at lowest levels, but still outperforming overall market through 2010
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 07, 2008 PR News Now
Hudson Crossing to Present at the PhoCusWright Conference The Perfect Storm Search Shop Buy
Hudson Crossing announced today that it will present at the PhoCusWright travel conference, The Perfect Storm: Search, Shop, Buy on November 19-20 in Hollywood, CA. The title of the presentation is The State of Travel Investment in a Turbulent Financial Climate.
November 07, 2008 Financial Times
Booked, at the Click of a Mouse
Presently, online travel constitutes the largest e-commerce sector and counts for 10 per cent of the country's $20bn travel industry, according to PhoCusWright Inc, a travel research company based in the US. Rising numbers of internet users will further help online intermediaries corner a predicted 23 per cent of the total travel market by the year 2010.
November 06, 2008 PRWeb
Hudson Crossing to Present at the PhoCusWright Conference, "The Perfect Storm: Search, Shop, Buy"
Hudson Crossing announced today that it will present at the PhoCusWright travel conference, "The Perfect Storm: Search, Shop, Buy" on November 19-20 in Hollywood, CA. The title of the presentation is "The State of Travel Investment in a Turbulent Financial Climate".
November 06, 2008 The Sun News: Myrtle Beach Online
Companies take vacation rentals mainstream
PhoCusWright asked more than 8,000 Americans who had traveled in the past year and who had shopped online at least once what held them back from booking a vacation rental. Many simply didn't ever think of it or didn't have enough information about the property, assumed rentals only made sense to book for long, group trips and worried they wouldn't have access to hotel-like services. The overall concern was "basically it's not branded, and it's not a hotel," says Douglas Quinby, senior research director at PhoCusWright.
November 06, 2008 Online Travel and Hospitality
PhoCusWright Forecasts Online Travel Growth at Lowest Levels
With the current economic climate most travel companies are facing declining demand and uncertainty for the future. The latest forecasts in PhoCusWright’s U.S. Online Travel Overview reflect these lower expectations for travel companies’ performance. Travel companies must prepare for a downward trend as fewer people taking trips and companies being more selective towards travel expenses.
November 06, 2008 Hotel Marketing
PhoCusWright forecasts online travel growth at lowest levels
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 06, 2008 Financial Times
By Varun Sood Published: November 6 2008 15:30 | Last updated: November 6 2008 15:30 Significant growth in travel, which is seeing the emergence of low-cost air carriers, the proliferation of the internet, and growing acceptance of e-commerce, could inc
Presently, online travel constitutes the largest e-commerce sector and counts for 10 per cent of the country’s $20bn travel industry, according to PhoCusWright Inc, a travel research company based in the US. Rising numbers of internet users will further help online intermediaries corner a predicted 23 per cent of the total travel market by the year 2010.
November 06, 2008 Travel News Gazette
PhoCusWright Forecasts Online Travel Growth at Lowest Levels
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 06, 2008 Blogger Press Release
Hudson Crossing to Present at the PhoCusWright Conference, "The Perfect Storm: Search, Shop, Buy"
Hudson Crossing announced today that it will present at the PhoCusWright travel conference, "The Perfect Storm: Search, Shop, Buy" on November 19-20 in Hollywood, CA. The title of the presentation is "The State of Travel Investment in a Turbulent Financial Climate".
November 06, 2008 Cheap Flights
Travel Market Slows, But Still Grows - PhoCusWright
While the economy is shaky, airlines are axing seats, and airfares aren't falling all that fast, but there's still good news. According to PhoCusWright's U.S. Online Travel Overview Wright Edition (Web site: www.phocuswright.com), “the overall U.S. travel market is expected to increase by 4 percent and 2 percent in 2008, and 2009, respectively.”
November 06, 2008 Blogger Press Release
Hudson Crossing to Present at the PhoCusWright Conference, "The Perfect Storm: Search, Shop, Buy"
Hudson Crossing announced today that it will present at the PhoCusWright travel conference, "The Perfect Storm: Search, Shop, Buy" on November 19-20 in Hollywood, CA. The title of the presentation is "The State of Travel Investment in a Turbulent Financial Climate".
November 05, 2008 The Wall Street Journal
Renting a Villa, Not a Dump
While some travelers swear by the roomier set up, kitchen access and often homey feeling of vacation rentals, only about 10% of Americans booked a vacation rental sometime in the past two years, according to data in a forthcoming report from PhoCusWright Inc. PhoCusWright asked more than 8,000 Americans who had traveled in the past year and who had shopped online at least once what held them back from booking a vacation rental. Many simply didn't ever think of it or didn't have enough information about the property, assumed rentals only made sense to book for long, group trips and worried they wouldn't have access to hotel-like services. The overall concern was "basically it's not branded, and it's not a hotel," says Douglas Quinby, senior research director at PhoCusWright.
November 05, 2008 Travolution
Going to PhoCusWright?
Travolution is heading to a post-election USA on Sunday 16 November for the annual travel extravaganza that is the PhoCusWright Conference.
This year's conference - actually, two conferences - is in Los Angeles and promises to be an event to remember.
Travolution will be podcasting, blogging, reporting and the usual array of social activities, including hosting a table in the Network Exchange room.
November 05, 2008 Hospitality Net
PhoCusWright Forecasts Online Travel Growth at Lowest Levels, but Still Outperforming Overall Market through 2010
With the economic situation deteriorating throughout fall 2008, most U.S. travel companies are now grappling with declining demand and uncertainty for the future. The latest market forecasts in the new PhoCusWright's U.S. Online Travel Overview Eighth Edition reflect these lower expectations for travel companies' performance. If unemployment continues to rise and retirement accounts dwindle, travel companies must prepare for a downward trend: fewer people taking trips, just like in 2002. The strategy to hold or even raise prices has shifted as travel sellers look to salvage what they can of 2008 while holding steady in 2009.
November 05, 2008 Tips From the T-List
http://www.tipsfromthetlist.com/article3420.html
Travolution is heading to a post-election USA on Sunday 16 November for the annual travel extravaganza that is the PhoCusWright Conference.
This year's conference - actually, two conferences - is in Los Angeles and promises to be an event to remember.
Travolution will be podcasting, blogging, reporting and the usual array of social activities, including hosting a table in the Network Exchange room.
November 05, 2008 eConnect
PhoCusWright Forecasts Online Travel Growth at Lowest Levels, but Still Outperforming Overall Market through 2010
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 05, 2008 eConnect
PhoCusWright Forecasts Online Travel Growth at Lowest Levels, but Still Outperforming Overall Market through 2010
PhoCusWright projects the overall U.S. travel market is expected to increase by 4% and 2% in 2008 and 2009, respectively. These are the slowest growth rates since 2003, when the market declined by 8% following the effects of the Sept. 11, 2001 terror attacks. All segments, except rail, will be impacted. But the travel industry is no stranger to crisis, and improved results are expected in 2010.
November 04, 2008 eHotelier
A hoteliers how-to guide to online advertising and media buying
With over 50% of all travel bookings taking place online this year (PhoCusWright 2008), it is increasingly imperative to properly position your hotel online to capture your customers' attention. Online media buying is one of the most effective methods for driving highly qualified traffic directly to your website. This form of advertising serves to secure the most Internet real estate, while reaching out to potential guests at nearly every level of the consumer purchase cycle.
November 04, 2008 LiveRez
PhoCusWright Identifies Seven Emerging Themes for Travel Industry
Be on the lookout for these themes derived from the most creative and innovative minds in the business.The Travel Innovation Summit at The PhoCusWright Conference will showcase the travel industry’s hottest, most innovative Web and mobile-based applications. In assembling this first-ever event featuring innovators from around the world, seven key themes emerge. Following is a preview of the next big wave of ideas that will shape the travel marketplace over the next 12 to 18 months.
November 03, 2008 eTravel Blackboard
American Express Business Travel launches a social network
Mr. Petruccelli will host a special, Live Chat Event with community members on November 20th through BusinessTravelConneXion.com. The chat will take place from 3:00 PM – 4:00 PM EDT from the PhoCusWright Conference in Los Angeles. Participants will have the opportunity to submit questions which will be addressed in real-time in a text-chat format. More details and registration information will be available on BusinessTravelConneXion.com in early November.
November 02, 2008 Spotted By Locals
PhoCusWright Conference - Seven themes
PhoCusWright, a leading Travel Market research agency, is hosting a nice conference on 17 November. Too bad it’s in California… To get the conversation started, they’ve identified seven emerging themes in the travel industry for the coming 12 to 18 months. Interesting! A short comment on on our thoughts below every theme.
October 31, 2008 Hotel and Motel Management
American Express Business Travel launches social networking site
Mr. Petruccelli will host a special, Live Chat Event with community members on November 20th through BusinessTravelConneXion.com. The chat will take place from 3 to 4 p.m. EDT from the PhoCusWright Conference in Los Angeles. Participants will have the opportunity to submit questions which will be addressed in real-time in a text-chat format. More details and registration information will be available on BusinessTravelConneXion.com in early November.
October 31, 2008 Zooped
American Express Business Travel Launches a Social Network
Mr. Petruccelli will host a special, Live Chat Event with community members on November 20th through BusinessTravelConneXion.com. The chat will take place from 3:00 PM — 4:00 PM EDT from the PhoCusWright Conference in Los Angeles. Participants will have the opportunity to submit questions which will be addressed in real-time in a text-chat format. More details and registration information will be available on BusinessTravelConneXion.com in early November.
October 30, 2008 eTravel Blackboard
Discuss this article in forum Email this article Print this article Web in Travel 2008 Proved to Be the Biggest and Best Yet
A record 370 delegates, including 67 speakers attended the fourth WIT-Web In Travel which was held in partnership with ITB Asia and in association with PhoCusWright Inc last week. For Ram Badrinathan, Senior Director-Research of PhoCusWright Inc, this was the highlight of WIT. “For the first time in the history of the Asian online travel market, the industry got insights from two Japanese speakers who opened up the minds of everybody who always thought Japan was a difficult market to understand.”
October 30, 2008 Market Watch
American Express Business Travel Launches a Social Network
Mr. Petruccelli will host a special, Live Chat Event with community members on November 20th through BusinessTravelConneXion.com. The chat will take place from 3:00 PM -- 4:00 PM EDT from the PhoCusWright Conference in Los Angeles. Participants will have the opportunity to submit questions which will be addressed in real-time in a text-chat format. More details and registration information will be available on BusinessTravelConneXion.com in early November.
October 30, 2008 Hospitality Net
A Hoteliers How-To Guide to Online Advertising and Media Buying
With over 50% of all travel bookings taking place online this year (PhoCusWright 2008), it is increasingly imperative to properly position your hotel online to capture your customers’ attention. Online media buying is one of the most effective methods for driving highly qualified traffic directly to your website. This form of advertising serves to secure the most Internet real estate, while reaching out to potential guests at nearly every level of the consumer purchase cycle.
October 30, 2008 Blizzard Internet Marketing
Vacation Rental Market Growing
I read about a new PhoCusWright study today over at HotelMarketing.com that outlines a dramatic growth in the vacation rental market.
The study, “Vacation Rental Marketplace: Poised for Change” (purchased report) reveals that the current 2.8 billion in online booking of vacation rentals is 12% of overall vacation rental revenue - and is expected to grow by 17% by 2010.
October 30, 2008 Travel Muse
TravelMuse Selected For PhoCusWright Travel Innovation Summit
We’re excited to announce that TravelMuse has been selected to present at the Travel Innovation Summit taking place at the 2008 PhoCusWright Conference on Nov. 17 in Hollywood, Calif.
Approximately 20 of the leading travel start-ups will have 10 minutes each to showcase their solutions on stage in front of members of the press, investors and leaders from around the travel industry. If you’re in Los Angeles and would like to meet with us, grab a pass and head on over to the conference! It should be a great show.
October 29, 2008 Distribution Solutions
T-Myths™ Are the myths just about online travel?
Recently, PhoCusWright published a press release that talked about their most recent consumer research debunking six online travel myths. As usual, PhoCusWright nailed the issues right on the head and have backed them up with research.
October 28, 2008 Yahoo! Finance
LiveRez.com Invited to Speak at The PhoCusWright Conference, the Travel Industry Event of the Year
The LiveRez team will be presenting during The Travel Innovation Summit, a unique new addition to The PhoCusWright Conference this year which showcases the best in breed best of among travel industry innovators.
October 28, 2008 Zonder
New PhoCusWright Study Finds Vacation Rental Market Taking Off
A new PhoCusWright study on the dramatic growth in the vacation rental market indicates that companies like Zonder, the leader in real-time, online booking of private homes, cabins, condos and villas, are well positioned to overcome distribution barriers and are making this attractive rental option accessible to consumers. “12% of vacation rentals were booked online in 2007 compared to over half of all leisure travel that was booked online, so there’s a tremendous long-term upside to this market,” said Douglas Quinby, Senior Director, Research, at PhoCusWright. “Many consumers are frustrated by the difficulty of finding the right property, overcoming issues like a minimum required length of stay, and booking through a company they can trust. Companies that can help consumers overcome these issues will be best positioned to capture this opportunity.”
October 28, 2008 4Hoteliers
Biggest WIT blazes trail with bold insights
The fourth WIT-Web In Travel not only set a new record in attendance but blazed the trail with deep speaker insights and significant participation from two leading Japanese online players, and garnered rave customer reviews. For Ram Badrinathan, Senior Director-Research of PhoCusWright Inc, this was the highlight of WIT. “For the first time in the history of the Asian online travel market, the industry got insights from two Japanese speakers who opened up the minds of everybody who always thought Japan was a difficult market to understand.”
October 28, 2008 4Hoteliers
Biggest WIT blazes trail with bold insights
The fourth WIT-Web In Travel not only set a new record in attendance but blazed the trail with deep speaker insights and significant participation from two leading Japanese online players, and garnered rave customer reviews. For Ram Badrinathan, Senior Director-Research of PhoCusWright Inc, this was the highlight of WIT. “For the first time in the history of the Asian online travel market, the industry got insights from two Japanese speakers who opened up the minds of everybody who always thought Japan was a difficult market to understand.”
October 28, 2008 Travel Wires
Online travel in 2009: The Perfect Storm?
One of the leading analyst groups for travel technology, PhoCusWright, calls our current situation “The Perfect Storm“. The various forces driving online travel each contributing in unprecedented ways to amplify and accelerate change. Each step of the search - shop - buy process is changing rapidly, obscuring the point of sale, altering the decision-making process and reworking who pays who in the travel channel.
October 28, 2008 Tips From the T-List
WebInTravel: Makemytrip and Yatra talk India online travel with PhoCusWright – very dismissive of Expedia and Travelocity
Ram Badrinathan of PhoCusWright hosted a panel at WIT this year with Yatra CEO Dhruv Shringi, Makemytrip CEO Keyur Joshi and Phanindra S the CEO of online bus ticketer RedBus.
As Ram described it, India is just entering Web version 1.0. This is characterised by similar concepts we saw in the late nineties in the US and Europe.
October 28, 2008 Market Watch
LiveRez.com Invited to Speak at The PhoCusWright Conference, the Travel Industry Event of the Year
LiveRez, ( http://LiveRez.com ) the emerging leader in online vacation rental booking software, has been invited to present at the prestigious PhoCusWright Conference held in Los Angeles, California on November 17 through the 20th.
October 27, 2008 New Design World
Baltic Hotel and Travel Conference
“The Internet is a highly suitable sales channel as it provides the customer with a wide choice of options, unprecedented transparency and a clear picture of what is awaiting him at the point of destination. The hospitality and travel businesses of this region have not yet fully unlocked the potential of the comprehensive use of the Internet,” PhoCusWright Global claims (see http://www.phocuswright.com).
October 27, 2008 New Design World
Baltic Hotel and Travel Conference
“The Internet is a highly suitable sales channel as it provides the customer with a wide choice of options, unprecedented transparency and a clear picture of what is awaiting him at the point of destination. The hospitality and travel businesses of this region have not yet fully unlocked the potential of the comprehensive use of the Internet,” PhoCusWright Global claims (see http://www.phocuswright.com).
October 25, 2008 Viscape
Vacation Rental Market: Property Owners’ Paradise
That is, unless you’ve got vacation properties. These days, hotels are hurting, because the savvy traveler knows that rental homes are the place to stay. In the last year, more than 40 percent of leisure travelers have considered or booked a rental home, according to a recent study by PhoCusWright’s Vacation Rental Marketplace.
October 24, 2008 Tourism Tide
Travel Innovation Summit - The Battle For Centre Stage Part 2
The list of competitors is complete, the first ever Travel Innovation Summit will now feature 28 travel technology competitors that range from small bootstrapping start-up to large multi-nationals (Sabre Rattling??). Bruce Rosard (VP at PhoCusWright) just sent me some of the trends that have surfaced for the competition.
October 24, 2008 EnTrip
EnTrip @ WIT - my summary
The second day started a bit less relevant for me, with lots of stuff about online travel markets in individual countries in SEA - not exactly something we’re currently focusing on. Neverthless, the session on India moderated by Ram Badrinathan of PhoCusWright and attended by the heads of Yatra, RedBus and MakeMyTrip was probably the most entertaining one!
October 23, 2008 Market Watch
New PhoCusWright Study Finds Vacation Rental Market Taking Off
A new PhoCusWright study on the dramatic growth in the vacation rental market indicates that companies like Zonder, the leader in real-time, online booking of private homes, cabins, condos and villas, are well positioned to overcome distribution barriers and are making this attractive rental option accessible to consumers. "12% of vacation rentals were booked online in 2007 compared to over half of all leisure travel that was booked online, so there's a tremendous long-term upside to this market," said Douglas Quinby, Senior Director, Research, at PhoCusWright. "Many consumers are frustrated by the difficulty of finding the right property, overcoming issues like a minimum required length of stay, and booking through a company they can trust. Companies that can help consumers overcome these issues will be best positioned to capture this opportunity."
October 23, 2008 Utah Pulse
New PhoCusWright Study Finds Vacation Rental Market Taking Off
-A new PhoCusWright study on the dramatic growth in the vacation rental market indicates that companies like Zonder, the leader in real-time, online booking of private homes, cabins, condos and villas, are well positioned to overcome distribution barriers and are making this attractive rental option accessible to consumers. 12% of vacation rentals were booked online in 2007 compared to over half of all leisure travel that was booked online, so there’s a tremendous long-term upside to this market,” said Douglas Quinby, Senior Director, Research, at PhoCusWright. “Many consumers are frustrated by the difficulty of finding the right property, overcoming issues like a minimum required length of stay, and booking through a company they can trust. Companies that can help consumers overcome these issues will be best positioned to capture this opportunity.”
October 23, 2008 For Immediate Release
Daily convention report from ITB Asia
That was the assessment delivered by Mr. Philip Wolf, president&CEO of PhoCusWright, a US-based travel industry research company. He told delegates at the ITB Asia Convention in Singapore October 23, that unlike a “perfect storm” which had negative connotations, the imminent “positive digital storm” would allow companies to solve big problems for customers, exploit fantastic advances in technology, and avoid skills-focused decision making and business model preservation. “Excellent leadership in our industry is defined by those who fuel the storm, and their own cause, by aligning their businesses with the contributing forces,” Mr. Wolf said. “New types of intermediaries are bringing every stage of the travel value chain online, attracting travelers with tools and services they can use before, during, and after their trips.”
October 23, 2008 Cenre Daily
New PhoCusWright Study Finds Vacation Rental Market Taking Off
A new PhoCusWright study on the dramatic growth in the vacation rental market indicates that companies like Zonder, the leader in real-time, online booking of private homes, cabins, condos and villas, are well positioned to overcome distribution barriers and are making this attractive rental option accessible to consumers. "12% of vacation rentals were booked online in 2007 compared to over half of all leisure travel that was booked online, so there's a tremendous long-term upside to this market," said Douglas Quinby, Senior Director, Research, at PhoCusWright. "Many consumers are frustrated by the difficulty of finding the right property, overcoming issues like a minimum required length of stay, and booking through a company they can trust. Companies that can help consumers overcome these issues will be best positioned to capture this opportunity."
October 23, 2008 Travel News Gazette
Going Mobile A Do-or-Die Decision for Travel Industry
In the recent Travel 2.0 Consumer Trends survey from PhoCusWright, 64% of respondents from the United States were keen to use their phone to access directions, over half to receive flight status alerts and over a third thought receiving special offers on their phone would be a bonus. However, another study by the same group revealed that 41% of respondents had only used their phone for making calls and just over half had sent or received text messages. The numbers dropped dramatically for those that had accessed the internet and again for those that had purchased anything using their handset.
October 22, 2008 Market Watch
Endless Vacation Rentals(R) and PhoCusWright(R) Present Landmark Research on the Vacation Rental Marketplace
Executives from Endless Vacation Rentals by Wyndham Worldwide and PhoCusWright presented landmark research on the $24 billion vacation rental industry, one of the untapped travel segments that is poised for significant change and growth. "The vacation rental marketplace is large, dynamic, long understudied and poised for transformation. U.S. consumers are voracious travelers, hungry for value, but accustomed to hotels," said Douglas Quinby, senior director, research at PhoCusWright. "Vacation rental companies that smartly target that demand can not only tap this growing $24 billion opportunity, but the larger leisure hotel market as well."
October 22, 2008 For Immediate Release
ITB Asia exceeds exhibitor and visitor targets
There are at least a dozen portals in India’s online travel market, which is pegged at around US$2 billion and expected to grow to US$6 billion by 2010, according to PhoCusWright, Inc. Wanderlust-struck Indians are visiting these sites to hunt for the most affordable airline tickets, hotel rooms, and tour packages, said session moderator, Mr. Ram Badrinathan, senior director, research of PhoCusWright, Inc.
October 21, 2008 Tips From the T-List
* Announcements * By Language o Dutch o English o French o German o Italian o Spanish * By Region o Africa o Asia o Australia o Europe
The "PhoCusWright's Vacation Rental Marketplace: Poised for Change" research methodology included a survey to consumers who have and have not booked vacation rentals, vacation homeowners and vacation rental management companies over the last 6 months. In addition, more than 30 in-depth interviews were conducted with vacation rental management companies, distributors, technology firms, online players and homeowners.
October 21, 2008 Air Travel Info Blog
Online Travel Bargain
Nine out of 10 online travelers now have some history of shopping for travel online, and nearly 15% of all Americans purchased travel online last year - that's five times the penetration rate of 1998. (PhoCusWright Consumer Travel Trends Survey) Nearly one-third of online travel buyers say the Internet was responsible for their travel purchases last year. In 1998, six million consumers bought travel online in the U.S. Jump ahead to 2002 when 30 million Americans purchased travel online in the last year. Half of them only buy their travel online. (PhoCusWright Consumer Travel Trends Survey)
October 21, 2008 Austin Business Journal
Study finds vacation rental market is a $24 billion industry
Sherman, Conn.-based travel research group PhocusWright Inc. conducted the study, which forecasts that online vacation rental bookings will nearly double between 2007 to 2010. According to the study more than 40 percent of leisure travelers considered or booked a vacation rental in the past year.
October 21, 2008 Park Record
Biz Briefs
According to a press release, VacationRoost.com was selected as one of the most innovative travel companies in the country. It will be featured during The Travel Innovation Summit at The PhoCusWright Conference to be held Nov. 17 in Hollywood. The company provides consumers with a consolidated online marketplace for more than 100,000 vacation rentals where they can comparison shop, receive online and offline support, check availability and book online
October 21, 2008 Vacation Home Insider
Online Vacation Rental Bookings Still Growing, says Study
"The long-underestimated vacation rental industry has become more than a niche, with leisure travelers driving the growth of the $24.3 billion market.... Co-sponsored by 14 industry players and HomeAway, the world's leading vacation rental marketplace with more than 309,000 properties, the study also reports online vacation rental bookings will grow from $2.8 billion in 2007 to $4.6 billion in 2010. More than 40 percent of leisure travelers considered or booked a vacation rental in the past year."
October 21, 2008 Traveldragon's Weblog
Where’s the travel industry headed?
So it was no surprise that the economy dominated much of the discussion at PhoCusWright’s Town Hall Meeting in Palo Alto, CA, on October 8. In a Q&A session moderated by PhoCusWright president and CEO Philip Wolf, the one question on everyone’s mind was: “Will the 2008 economic meltdown be as bad for our industry as September 11, 2001?”
October 21, 2008 Tips From the T-List
WebInTravel conference: I hate that we have to choose between the customer and Google (organic search)
Today at WebInTravel Phillip Wolf and Ram Badrinathan of PhoCusWright had a round table discussion on a number of industry issues. The first statement Phillip posed to us was “What is best for a consumer in a website’s design and functionality is not the same as what is best for generating the best search engine results.”
October 20, 2008 Market Watch
First Comprehensive Research of U.S. Vacation Rentals Reveals $24 Billion Industry
The long-underestimated vacation rental industry has become more than a niche, with leisure travelers driving the growth of the $24.3 billion market and viewing the HomeAway, Inc. sites as the most-trusted in the U.S., according to a first-of-its-kind research study, PhoCusWright's Vacation Rental Marketplace: Poised for Change.
October 20, 2008 Market Watch
VacationRoost.com Chosen as a Top Innovator in the Travel Industry
"Considering the fact that more than half of all travel is booked online and only 12 percent of vacation rentals were booked online in 2007, there is a tremendous long-term upside to building the online vacation rental opportunity," said Douglas Quinby, senior director, research at PhoCusWright.
October 20, 2008 Market Watch
Historic Franklin First to Partner with Heritage Travel, Inc.
The market trends for heritage and cultural travel are strongly positive. The Travel Industry Association estimated the combined market for heritage and cultural tourism in the United States at 118 million travelers. Subsequent research by PhoCusWright estimated the market for heritage travel alone at approximately $70 billion per year domestically, with 80 million travelers.
October 20, 2008 Centre Daily
PhoCusWright Report Shows HomeAway Leading Online Market
The long-underestimated vacation rental industry has become more than a niche, with leisure travelers driving the growth of the $24.3 billion market and viewing the HomeAway, Inc. sites as the most-trusted in the U.S., according to a first-of-its-kind research study, PhoCusWright's Vacation Rental Marketplace: Poised for Change. PhoCusWright's report reveals the U.S. HomeAway sites -- HomeAway.com, VRBO.com and VacationRentals.com -- are not only the most popular with travelers, but also provide incredibly effective online marketing tools for owners to generate inquiries and bookings.
October 20, 2008 Travel News Gazette
Travel Leaders to Assess Economic Impacts at ITB Asia
On the ITB Asia trade floor hundreds of buyers will update over 650 exhibitors on the economic climate in their specific markets. In the ITB Asia Convention, CEOs, presidents, chairmen and chief sales officers of international companies such as Starwood, Accor, and Jumeirah will assess implications and economic response strategies in the Hotel Leaders’ Forum on 23 October.
Later the same day, Mr Philip Wolf, President & CEO, PhoCusWright Inc will single out the opportunities and pitfalls that the latest economic crisis presents and how online travel distributors should respond.
October 20, 2008 Yahoo! Finance
VacationRoost.com Chosen as a Top Innovator in the Travel Industry
"Considering the fact that more than half of all travel is booked online and only 12 percent of vacation rentals were booked online in 2007, there is a tremendous long-term upside to building the online vacation rental opportunity," said Douglas Quinby, senior director, research at PhoCusWright. With a clear demand for the right online vacation rental company, Quinby said, "It's a perfect opportunity. It's really a matter of who's going to grab the bull by the horns."
October 20, 2008 eTravel Blackboard
Day passes available to WIT-Web In Travel, 21-22 Oct
Another distinguished speaker is Philip Wolf, the CEO of PhoCusWright. Sharp, analytical and embedded in the travel industry since 1994, when he founded PhoCusWright, Wolf is an authority on the travel distribution landscape and at WIT he will share the lessons he's learned and his pick of the best ideas and those yet to come.
October 20, 2008 4Hoteliers
Where's the travel industry headed?
So it was no surprise that the economy dominated much of the discussion at PhoCusWright's Town Hall Meeting in Palo Alto, CA, on October 8. In a Q&A session moderated by PhoCusWright president and CEO Philip Wolf, the one question on everyone's mind was: "Will the 2008 economic meltdown be as bad for our industry as September 11, 2001?"
October 20, 2008 Get There
GetThere Targets Use of Unused Air and Enhanced Online Ticket Exchange Capabilities for Business Travel Programs
A 2006 PhoCusWright report found that voids, refunds, exchanges and unused tickets account for approximately 30 percent of average corporate travel spend. Anecdotal estimates on the percentage of overall business travel trips that are altered after purchase differ by industry vertical, from a low of 25 percent to higher than 50 percent.
October 20, 2008 SGEntrepreneurs
(S’pore) Web In Travel conference: 21-22 Oct & ITB-Asia: 22-24 Oct 08
Held in association with PhoCusWright Inc and in partnership with ITB Asia, Asia’s leading travel distribution, marketing and technology conference Web In Travel will be held for the 4th time this 21-22nd Oct in Singapore. WIT was launched in 2005 with the support of the Singapore Tourism Board (STB) and the theme for this year is “Ideas. Execution. Action”.
October 20, 2008 For Immediate Release
Travel leaders to assess economic impacts at ITB Asia
Later that same day, Mr. Philip Wolf, president&CEO, PhoCusWright, Inc., will single out the opportunities and pitfalls that the latest economic crisis presents and how online travel distributors should respond.
October 17, 2008 EConnect
Is the Travel Industry Headed Toward Another Wallop? | PhoCusWright FYI
So it was no surprise that the economy dominated much of the discussion at PhoCusWright's Town Hall Meeting in Palo Alto, CA, on October 8. In a Q&A session moderated by PhoCusWright president and CEO Philip Wolf, the one question on everyone's mind was: "Will the 2008 economic meltdown be as bad for our industry as September 11, 2001?"
October 17, 2008 Hospitality Net
Is the Travel Industry Headed Toward Another Wallop? | PhoCusWright FYI
So it was no surprise that the economy dominated much of the discussion at PhoCusWright's Town Hall Meeting in Palo Alto, CA, on October 8. In a Q&A session moderated by PhoCusWright president and CEO Philip Wolf, the one question on everyone's mind was: "Will the 2008 economic meltdown be as bad for our industry as September 11, 2001?"
October 17, 2008 Thai PR
Next Generation Hotels For Next Generation Travelers
Next generation travelers are heavy users of the latest technology. Two thirds of 2,559 people surveyed by Ypartnership and PhoCusWright in the ‘NEXTgen Traveler’ report take pictures, text message, access the Internet and play video games with their phones. They also rely heavily on the Internet when it comes to planning, purchasing and sharing information on travel experiences.
October 16, 2008 Hotel Resource
High Level Conference Providers Become Friends of Cornell Center for Hospitality Research
'Friends like Argyle and PhoCusWright provide essential support to the center's research and information programs,' said Jennifer Macera, associate director. 'PhoCusWright's data has been instrumental in recent studies published in our Cornell Hospitality Reports series, and Argyle has given the center exposure to some of the top executives in the hospitality industry through its Leadership in Hospitality and Leisure Forum.'
October 16, 2008 Hospitality Net
High Level Conference Providers Become Friends of Cornell Center for Hospitality Research
“Friends like Argyle and PhoCusWright provide essential support to the center's research and information programs,” said Jennifer Macera, associate director. “PhoCusWright's data has been instrumental in recent studies published in our Cornell Hospitality Reports series, and Argyle has given the center exposure to some of the top executives in the hospitality industry through its Leadership in Hospitality and Leisure Forum.” For its part, PhoCusWright will continue to provide data to center research fellows in support of Cornell Hospitality Reports, such as “Travel Packaging: An Internet Frontier,” written by William J. Carroll, Robert J. Kwortnik, and Norman L. Rose. Carroll and Kwortnik are on the faculty of the Cornell School of Hotel Administration. The report is available at no charge from the Center for Hospitality Research at www.hotelschool.cornell.edu/research/chr/pubs/reports/abstract-14624.html.
October 16, 2008 Hotel News Research
High Level Conference Providers Become Friends of Cornell Center for Hospitality Research
Two conference and information providers have joined Cornell's Center for Hospitality Research as friends of the center. The new friends are Argyle Executive Forum, a provider of top-level conferences for senior professionals, and PhoCusWright, which compiles authoritative data on the interface between travelers, suppliers, and intermediaries, as well as produces high-profile conferences. 'Friends like Argyle and PhoCusWright provide essential support to the center's research and information programs,' said Jennifer Macera, associate director. 'PhoCusWright's data has been instrumental in recent studies published in our Cornell Hospitality Reports series, and Argyle has given the center exposure to some of the top executives in the hospitality industry through its Leadership in Hospitality and Leisure Forum.' For its part, PhoCusWright will continue to provide data to center research fellows in support of Cornell Hospitality Reports, such as 'Travel Packaging: An Internet Frontier,' written by William J. Carroll, Robert J. Kwortnik, and Norman L. Rose. Carroll and Kwortnik are on the faculty of the Cornell School of Hotel Administration. The report is available at no charge from the Center for Hospitality Research at www.hotelschool.cornell.edu/research/chr/pubs/reports/abstract-14624.html.
October 16, 2008 Tips From the T-List
WebInTravel. Next week. See you there
On day one I am joining a session with Phillip Wolf and Ram Badrinathan of PhoCusWright. We will be talking the industrying apart and putting it back together. Later in the day conference boss Siew Hoon Yeoh and I will be running the WIT Challenge - firing questions and issues at top exes from Abacus, Wego, Yahoo!, T2 Impact and PhoCusWright.
October 14, 2008 4Hoteliers
The Next Big Development in Hotel Revenue Management
One of the giants in Internet research, PhoCusWright, recently debunked the commonly popular notion that supplier site production surpasses that of third-party portals. The fact is that this is not true. Third-party travel portals still remain firmly entrenched in online travel sales. This, alone, should encourage hoteliers to stop treating third-parties like the enemy and start treating them as marketing partners.
October 14, 2008 Focus on Travel News
ITB Berlin Convention Market Trends & Innovations
From 11 to 15 March 2009, under the slogan of “Where the world shapes the future“, there will be nearly 80 outstanding events taking place, with more than 200 speakers. The ITB Berlin Convention Market Trends & Innovations is based on a fourfold concept: the outstanding travel technology conference entitled PhoCusWright@ITB, held in collaboration with a leading US consultancy, the ITB Berlin Business Travel Forum, destination themes, and the successful theme days, i.e. ITB Berlin Future Day, ITB Berlin Hospitality Day and ITB Berlin Aviation Day.
October 14, 2008 Highland Business Research
Tracking Tourism
At last year’s PhoCusWright Travel 2.0 conference the palpable excitement accompanying the mere mention of social networks, communities and user generated content suggested an industry gone slightly giddy for social media.
October 13, 2008 eHotelier
Study Reveals "Tech-Savvy" Travelers' Internet Habits
The media habits of tech-savvy travelers - those who, by self-report, are active users of the latest computer, gaming and entertainment technology - differ considerably from those who are less wired according to the "NEXTgen Traveler" survey of 2,559 adults conducted in March 2008. Co-authored by Ypartnership and PhoCusWright, this in-depth exploration of the travel habits and preferences of active users of the latest computer, gaming and entertainment technology challenges some prevailing myths about this emerging market segment.
October 10, 2008 4Hoteliers
Technology is Great but It’s the How That Matters
For example, at the 2007 PhoCuswright Conference, arguably one of these places where the arbiters of what’s cool in Travel Technology hang out, the winner of the 5-minute pitch was a company called LeisureLogix. Great idea, lousy execution and zero sales. They quietly sank beneath the waves.
October 10, 2008 Written Road
Calling all travel industry bloggers – apply now for the 2008 PhoCusWright Bloggers’ Summit
Running from November 17-20 at the Renaissance Hollywood Hotel, Hollywood, California, The Bloggers’ Summit, part of the PhoCusWright Travel Industry Event of the Year is a way for travel industry bloggers from around the world to get together, share and exchange ideas and to participate in the Travel Industry Event of the Year. This Bloggers’ Summit events include private meetings, private lunch gatherings, preferred access to Travel Innovation Summit CEO’s for interviews and The Bloggers Summit Workshop.
October 10, 2008 Hotel iTour
PhoCusWright Bloggers Summit Application and more
Now in its second year, the Bloggers Summit will include approximately 20 travel industry bloggers from around the world. Events will be scheduled on Monday - Wednesday, more information is available here. Based on our evaluation, and input from Tips From the T-List, you are invited to apply to attend the entire PhoCusWright Conference and to participate in all Bloggers Summit events on a complimentary basis. All in all, prominent travel, tourism, hospitality and media executives will engage, debate and define the ever-evolving reality of travel commerce. As thousands have witnessed over the many years PhoCusWright has produced this event, buzz is palpable. In many ways this gathering is the most strategic travel industry event of the year. Unlike so many other travel conferences, it’s a needle-moving event where fluff and politics step aside, making way for the business intricacies and powerful transformations that create value.
October 10, 2008 T4 Blog
When you just can’t get no satisfaction
At the PhoCusWright 2007 Conference in Orlando, I had the opportunity to listen to some pretty high profile speakers and CEOs like Stephen Kaufer from TripAdvisor, Michelle Peluso from Travelocity, and others. I wrote reviews and summaries of all these sessions and posted them to my blog. Since that time, thanks to the effectiveness of blogs and the search power of Google, I have received a number of comments from disgruntled consumers looking for some measure of satisfaction. It would seem that there are more than just a few people out there who have had less than satisfying dealings with a number of on-line travel providers.
October 09, 2008 ETBMice
PhoCusWright to focus on seven key topics at next conference
PhoCusWright has just announced seven key topics which will be addressed at its next Travel Innovation Summit in November, with technology and shifting consumer behaviour major areas of interest.
October 08, 2008 Hotels
Tech-Savvy Travelers' Internet Habits
The media habits of tech-savvy travelers - those who, by self-report, are active users of the latest computer, gaming and entertainment technology - differ considerably from those who are less wired according to the "NEXTgen Traveler" survey of 2,559 adults conducted in March 2008. Co-authored by Ypartnership and PhoCusWright, this in-depth exploration of the travel habits and preferences of active users of the latest computer, gaming and entertainment technology challenges some prevailing myths about this emerging market segment.
October 08, 2008 CNN
Adding Vacation Time to a Business Trip
That seems to be the sentiment of a growing number of workers who are extending business trips to squeeze in some vacation time, surveys from Orbitz and PhoCusWright suggest. In an unrelated PhoCusWright survey released last year, slightly less than half of 500 participants said they'd extended a business trip for leisure purposes over the previous year.
October 08, 2008 Hospitality Net
Study Reveals "Tech-savvy" Travelers' Internet Habits
The media habits of tech-savvy travelers - those who, by self-report, are active users of the latest computer, gaming and entertainment technology - differ considerably from those who are less wired according to the "NEXTgen Traveler" survey of 2,559 adults conducted in March 2008. Co-authored by Ypartnership and PhoCusWright, this in-depth exploration of the travel habits and preferences of active users of the latest computer, gaming and entertainment technology challenges some prevailing myths about this emerging market segment
October 08, 2008 Hotels
Tech-Savvy Travelers' Internet Habits
