http://www.phocuswright.com/products The latest research publications in the PhoCusWright Money Edition. http://www.phocuswright.com/products/4106 The PhoCusWright Online Travel Agency Index outperformed in January, topping the broader market indexes by a healthy margin. The Index was buoyed by TripAdvisor, which rose 35% following its December spin-off from Expedia. On a macro level, the fear of a global recession has receded, which helped bolster the Index as well. 14 Feb 2012 http://www.phocuswright.com/products/4106 Jake Fuller http://www.phocuswright.com/products/4058 This Spotlight introduces the PhoCusWright Money Edition, which focuses on the financial side of online travel. Along with news and analysis, the Money Edition includes three new metrics for tracking financial performance and activity in the online travel space: the PhoCusWright Online Travel Agency Index; the PhoCusWright Online Travel Ecosystem Index; and the PhoCusWright Venture Thermometer. 9 Feb 2012 http://www.phocuswright.com/products/4058 Tim Mullaney http://www.phocuswright.com/products/4103 PhoCusWright would be surprised if many people thought about travel during President Obama's State of the Union address on January 24, except perhaps (depending on one's politics) to think one should flee to Canada until after the election, or that Congress and its 9% approval rating could use a nice, long vacation. But it occurs to us that the travel industry may actually have a bigger stake than is first apparent in one proposal the President mentioned. 4 Feb 2012 http://www.phocuswright.com/products/4103 Tim Mullaney http://www.phocuswright.com/products/4104 Facebook dropped its long-awaited filing for an initial public offering on February 1, chock-full of interesting stuff but short on some of the specifics that many in the travel industry may be most curious about. This is a publication from PhoCusWright's Money Edition. If you are not currently a subscriber and would like to find out more information please go to: <a href=http://www.phocuswright.com/subscriptions-money><a/> 3 Feb 2012 http://www.phocuswright.com/products/4104 Tim Mullaney http://www.phocuswright.com/products/4101 Sooner or later, everything comes down to money - even the disastrous crash of an Italian cruise liner owned by Carnival, in which 16 people died and 17 are still missing. But just how much money? 26 Jan 2012 http://www.phocuswright.com/products/4101 Tim Mullaney http://www.phocuswright.com/products/4042 Data released in December paint a picture of a relatively quiet travel industry, with a slight bias to the downside. Hotel occupancy was up, but more modestly than in some months earlier in the year. Airlines revenue passenger miles were basically the same as a year earlier, rising less than half a percent, and yields were up about 10%, which is less than some of the fuel-driven increases earlier in the year. The most notable change was probably a marked decrease in the closely-watched Smith Travel Research forecast for hotel occupancy and pricing in 2012. Smith has cut its 2012 forecast for growth in revenue per available room nearly in half. 26 Jan 2012 http://www.phocuswright.com/products/4042 Tim Mullaney http://www.phocuswright.com/products/4095 What would happen to Priceline and Expedia if a recession hit Europe? PhoCusWright presents three scenarios for European online hotel bookings through 2013 and discusses the possible market implications of each. 12 Jan 2012 http://www.phocuswright.com/products/4095 Jake Fuller http://www.phocuswright.com/products/4018 On December 14, Thomas Cook Group issued its delayed earnings report for fiscal 2011 (which ended in September) as well as more detail on its restructuring plan, and the initial verdict is that it's a start. 22 Dec 2011 http://www.phocuswright.com/products/4018 Tim Mullaney http://www.phocuswright.com/products/4017 We're back, after the PhoCusWright annual conference and a vacation, and the travel industry's story is pretty similar to when we left: If you look at Main Street America, you think the travel industry is in the midst of a sluggish but definite recovery. The November unemployment report singled out travel as a job-adding industry, though the biggest gains have come from restaurants. If you look at financial markets (and especially if you consider Europe's financial situation), you're much more pessimistic. American Airlines parent AMR Corp. filed for Chapter 11, hotels are continuing to recover, though hotel shares slumped in the last month and online travel agencies' shares reflect each company's unique circumstances. 21 Dec 2011 http://www.phocuswright.com/products/4017 Tim Mullaney http://www.phocuswright.com/products/4013 While margin was down in the first half of the year for the major public online travel agencies, 3Q11 marked an all-time high. We expect 4Q11 to bring a more challenging topline environment, but healthy underlying profit growth is still in the cards. 13 Dec 2011 http://www.phocuswright.com/products/4013 Jake Fuller http://www.phocuswright.com/products/4015 As if financial engineering weren't getting enough bad press, the travel industry is watching with interest as Thomas Cook flops about in the leaky boat that is Europe. 9 Dec 2011 http://www.phocuswright.com/products/4015 Tim Mullaney http://www.phocuswright.com/products/4005 Seven publicly traded online travel agencies (OTAs) currently account for the majority of all online agency bookings, and over a quarter of total online bookings. This Spotlight examines the OTA competitive landscape, focusing on the increasing dominance of global leaders Expedia and Priceline, and the challenges facing smaller, regional players. 21 Nov 2011 http://www.phocuswright.com/products/4005 http://www.phocuswright.com/products/4016 There's nothing like a 14% jump in the S&P 500 to brighten the economy's mood, and with it the mood of the travel industry. That's what has happened since the last TravelStats: A decent report on U.S. economic growth, a sort-of resolution of Europe's debt crisis (though, within a few days, the conventional wisdom was moving fast toward "they just kicked the can down the road"), and all of a sudden economists are saying that maybe August was just a bad month and not the beginning of a double-dip after all.The same pattern showed up in travel industry statistics. 13 Nov 2011 http://www.phocuswright.com/products/4016 Tim Mullaney http://www.phocuswright.com/products/4003 The November 9, 2011 event - sponsored by Kony - highlights the travel-specific activities that consumers engage in through social media and on their mobile devices, and how this behavior impacts their travel experience - before, during and after their trip. 9 Nov 2011 http://www.phocuswright.com/products/4003 Carroll Rheem and Cathy Schetzina http://www.phocuswright.com/products/3995 With speculation, expectations and questions about its economics and sustainability running high, it's finally time for Groupon's initial public offering. This Spotlight examines some of the daily deal site's key numbers, prospects and comparables, and provides insight into the crucial issues surrounding the company and this high-profile deal. 2 Nov 2011 http://www.phocuswright.com/products/3995 Tim Mullaney http://www.phocuswright.com/products/3984 Since Expedia announced in April 2011 that it would spin off its TripAdvisor unit into a separate company, there has been widespread speculation about the possible impact - both financial and operational - of separating the two businesses. This Spotlight examines how Expedia and TripAdvisor will operate following the expected 4Q11 spin, with analysis of earnings potential and likely valuations. 7 Oct 2011 http://www.phocuswright.com/products/3984 Tim Mullaney http://www.phocuswright.com/products/3985 You tell us the path of the economy, and we'll tell you what will happen next in online travel. Even for an industry with a decent bit of secular growth in front of it (especially outside the U.S.), the sector has been as subject to the market's recent wobbles as any other. And those wobbles are all about macro, whether it's the way Priceline stock vibrates to news from Greece or how Expedia's price has dipped recently even as investors should be figuring out how much they have underestimated the value soon to be unleashed by the coming TripAdvisor spinoff. 7 Oct 2011 http://www.phocuswright.com/products/3985 Tim Mullaney http://www.phocuswright.com/products/3981 Lately we've been talking about travel's "paradoxical recovery," featuring better statistics for both the airline and especially the hotel industry, coupled with a weakening general economy and declining shares as the market bets on the bad macro news to first obscure and then overtake the micro improvements in demand and prices for flights and hotel rooms. This month, the contrast is clearer than ever. 29 Sep 2011 http://www.phocuswright.com/products/3981 Tim Mullaney http://www.phocuswright.com/products/3818 Groupon has had a rough couple of months, getting beaten up in a dispute over how it accounts for its marketing spending. 22 Sep 2011 http://www.phocuswright.com/products/3818 Tim Mullaney http://www.phocuswright.com/products/3817 Global bookings growth sped up for online travel agencies in 2Q11 and should hold up in the next quarter. While 2Q11 profit margins fell, they still exceeded expectations - and 3Q11 is likely to bring the first rise in three quarters. 13 Sep 2011 http://www.phocuswright.com/products/3817