http://www.phocuswright.com/press_releases Fri, 06 Nov 2009 00:00:00 +0000 PhoCusWright Press Releases http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/ml12OjnyKMM/970 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396# crheem@phocuswright.com *tablehr* U.K. Online Travel Market Maintains Growth During Recession According to PhoCusWright’s European Online Travel Overview Fifth Edition Sherman, Conn. USA, November 6, 2009—Even as the U.K. travel market struggles under the weight of global economic pressure, online travel bookings are projected to increase by 3% in 2009 according to travel industry research authority, PhoCusWright Inc., in the new report PhoCusWright's European Online Travel Overview Fifth Edition. With online leisure and unmanaged business sales of nearly £17.1 billion, nearly half of the U.K. travel market is booked online. U.K. online leisure and unmanaged business travel penetration grew by five percentage points to reach 45% of all bookings in 2009. The overall U.K. travel market is expected to contract by 8.9% in 2009. Gross bookings will fall to approximately £37.6 billion for the year. Nearly all segments of the mar­ket... Fri, 06 Nov 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/970 PhoCusWright http://www.phocuswright.com/library/pressrelease/970 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/RQw0vx20unk/961 FOR IMMEDIATE RELEASE Contact: Douglas Quinby +1 860 350-4084 x390 dquinby@phocuswright.com *tablehr* U.S. Online Travel Market to Decline in 2009, but Outperform All Other Distribution Channels PhoCusWright’s U.S. Online Travel Overview Ninth Edition reveals market sizing and forecasts for all major travel segments and distribution channels through 2011 Sherman, Conn. USA, October 29, 2009—The U.S. online leisure/unmanaged business travel market is significantly outperforming every other distribution channel in 2009, according to travel industry research authority, PhoCusWright Inc., in its soon-to-be-released report, PhoCusWright's U.S. Online Travel Overview Ninth Edition. Amid a severe economic downturn, U.S. online leisure/unmanaged business bookings will decline 7% while the total U.S. travel market will post a 16% drop. "For the first time since PhoCusWright began tracking the remarkable trajectory of the Internet in travel distribution, online travel will decline in 2009. But the 7% drop in online travel vs. far steeper double-digit declines for the total... Thu, 29 Oct 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/961 PhoCusWright http://www.phocuswright.com/library/pressrelease/961 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/DrymZeeUtEY/949 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 crheem@phocuswright.com *tablehr* European Online Travel Market Holds Steady in 2009 PhoCusWright to Release European Online Travel Overview Fifth Edition Sherman, Conn. USA, October 23, 2009—European online travel bookings are projected to grow slightly by 0.6% in 2009 to travel industry research authority, PhoCusWright, in its upcoming report, PhoCusWright's European Online Travel Overview Fifth Edition. Internet distribution channels continue to outperform the European travel market as a whole, which is projected to decline by 10% in 2009. "As Europeans seek to make the most of their treasured time off this year, they are increasingly using online options to plan the best holiday for their budget," says Carroll Rheem, director, research at PhoCusWright. "Online travel agencies are weathering this economic storm better than any other booking channel." While the online leisure and unmanaged business market was able to stay in positive territory... Fri, 23 Oct 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/949 PhoCusWright http://www.phocuswright.com/library/pressrelease/949 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/8ciNWDEaeKk/945 FOR IMMEDIATE RELEASE Contact: Bruce Rosard +1 860 350-4084 x375 brosard@phocuswright.com *tablehr* PhoCusWright Launches Innovative New Global Conference Experience The PhoCusWright Conference Online Ticket—The Next Best Thing to Being There Sherman, Conn. USA, October 22, 2009—Travel industry research authority, PhoCusWright Inc., has launched an innovative new solution providing live streaming and on-demand global access to the remarkable content of The PhoCusWright Conference. The Online Ticket enables viewers to access The Travel Industry Event of the Year whenever and wherever they want. Travel leaders that cannot attend the live event will now be able to experience PhoCusWright's unprecedented speakers and innovative travel technologies live in a socially interactive environment utilizing technology provided by Twubs.com. The Online Ticket empowers thousands of travel leaders around the world, previously limited by time, budget and distance, to experience the immense value of The PhoCusWright Conference. "We are excited about our partnership with PhoCusWright, states Tony... Thu, 22 Oct 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/945 PhoCusWright http://www.phocuswright.com/library/pressrelease/945 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/4SbuGP0nvc8/944 FOR IMMEDIATE RELEASE Contact: Ram Badrinathan +1 860 350-4084 x440br /> rbadrinathan@phocuswright.com *tablehr* Despite Recession, China’s Online Travel Market Shows Strong, Steady Growth Online Channel to Grow by 19% in 2009 Sherman, Conn. USA, October 21, 2009—Despite the global recession, the online travel marketplace in China is growing rapidly, and travel industry research authority, PhoCusWright Inc., predicts online travel revenue will increase by 19% in 2009. In its first-ever Emerging Online Travel Marketplace in China report, PhoCusWright reveals that China's online travel space currently totals approximately US$6.9 billion, accounting for about 11% of the country's entire travel market. Due to a variety of factors, the online channel is expected to continue on a strong growth trajectory, and by 2011 will account for about 20% of the total market. PhoCusWright's Emerging Online Travel Marketplace in China explores China’s dynamic (and frequently misunderstood) travel market. Based on an in-depth, six-month research study,... Wed, 21 Oct 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/944 PhoCusWright http://www.phocuswright.com/library/pressrelease/944 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/1kBDOJsO_sY/826 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 crheem@phocuswright.com *tablehr* ONLINE TRAVEL IS AS STRONG AS EVER Online Travel Web Site Traffic and Conversion Remain Strong Updated September 28, 2009 Sherman, Conn. USA, September 21, 2009—Travel industry research authority, PhoCusWright Inc., reports that travel Web sites are performing well in the midst of the broader travel industry downturn. PhoCusWright's Online Traffic and Conversion Report, a new study conducted in partnership with Compete Inc., shows that monthly traffic and conversion is up in almost all travel categories in the second quarter of 2009, compared to the same quarter of previous years. Despite the downturn, transactional Web sites (i.e., suppliers and online travel agencies) showed strong growth in June monthly visitors year-over-year, with cruise lines up 19% and hotel chains up 13%. Online travel agencies (OTAs) also showed slight increases in hotel and car rental visitor volume in the first... Mon, 21 Sep 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/826 PhoCusWright http://www.phocuswright.com/library/pressrelease/826 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/VWHmZHUpD-M/808 FOR IMMEDIATE RELEASE Contact: Michael J. Pierson +1 949 457-1545 x105 mpierson@travdex.com *tablehr* TRAVDEX™ AND OPENTRAVEL ALLIANCE PARTNER ON INDUSTRY SUMMIT Sherman, Conn. USA, September 9, 2009—TRAVDEX™, the one-stop shopping trade show for travel technology, announced today a partnership with the OpenTravel Alliance to promote a groundbreaking summit of leading travel industry trade organizations at the inaugural TRAVDEX™ in May 2010. "OpenTravel's mission is to provide robust XML-based connectivity solutions and specifications to the entire travel industry," said Valyn Perini, executive director of OpenTravel. "By partnering with TRAVDEX™, we can bring more attention to the need for e-distribution standards and engage directly with leading technology providers, integrators and buyers from across every industry segment." TRAVDEX™ brings together travel technology sellers and travel industry suppliers, intermediaries and other technology purchasers in a global trade show. TRAVDEX™ debuts May 5-7, 2010 at the Cobb Galleria Centre in Atlanta. TRAVDEX™ is produced by... Wed, 09 Sep 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/808 PhoCusWright http://www.phocuswright.com/library/pressrelease/808 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/DFX4Z1QNjP4/802 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* PhoCusWright Projects 17 Percent Asia Pacific Online Travel Growth Overall Travel Market to Decline 6% in 2009 Sherman, Conn. USA, September 3, 2009—The Asia Pacific (APAC) region includes some of the world's key emerging markets as well as more stable travel economies. Travel industry research authority, PhoCusWright Inc., has just released its Asia Pacific Online Travel Overview Third Edition revealing an overall downturn in the APAC travel industry in 2009, with all the major segments—air, hotel and car—declining due to decreased passenger demand. The online travel market, however, will grow at double-digit rates as technology adoption soars in markets like China, Japan and Singapore. According to PhoCusWright's Asia Pacific Online Travel Overview Third Edition, online travel agency expansion continues to impact markets like India and Australia/New Zealand. These factors and more will contribute to a 17% gain in... Thu, 03 Sep 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/802 PhoCusWright http://www.phocuswright.com/library/pressrelease/802 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/1obLrPr_x_I/778 FOR IMMEDIATE RELEASE Contact: Bruce Rosard, PhoCusWright Inc. +1 860 350-4084 x375br /> brosard@phocuswright.com Kevin Dejardins, TIAC +1 613 238-6251 kdesjardins@tiac.travel *tablehr* TIAC and PhoCusWright Forge Strategic Partnership Collaboration Provides Canada a Competitive Edge in Online Tourism Sherman, Conn. USA and Ottawa, Canada, August 13, 2009—The Tourism Industry Association of Canada (TIAC) and PhoCusWright Inc. are pleased to announce a strategic partnership to produce groundbreaking research and innovative events. The partnership will empower tourism industry leaders to maximize their investment and exploit the full potential of Canada’s online tourism market. The agreement covers two principal projects: PhoCusWright’s 2009 Canada Special Report on the Canadian travel market, and the next three editions of TIAC's Canada-e-Connect conference, the Canadian tourism industry's premier online strategy conference. "TIAC is excited to join forces with an industry leader such as PhoCusWright on these two important projects for our membership and our industry," said Randy Williams,... Thu, 13 Aug 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/778 PhoCusWright http://www.phocuswright.com/library/pressrelease/778 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/-ceYWDTmDw4/798 FOR IMMEDIATE RELEASE Contact: Cathy Plummer +1 860 350-4084 x260 cplummer@phocuswright.com *tablehr* Veteran conference producer brings travel event deal making expertise to The PhoCusWright Conference Sherman, Conn. USA, August 6, 2009—PhoCusWright Inc., the travel industry research authority, announces the addition of Vickie Singer to its team. Vickie brings 23 years of travel industry leadership and expertise in marketing and event management to PhoCusWright. Vickie joins the events sales and business development team, headed by Cathy Plummer, and will initially focus on sponsorship and exhibition opportunities for The PhoCusWright Conference. "PhoCusWright prides itself on having a great team and we are incredibly pleased that Vickie is our newest member," says Philip Wolf, president and CEO of PhoCusWright. Vickie most recently was general manager of TravelCom and vice president of strategic partnerships at the U.S. Travel Association. Previously she was CEO of Travel Technology Source. The PhoCusWright Conference, which recently tallied its... Thu, 06 Aug 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/798 PhoCusWright http://www.phocuswright.com/library/pressrelease/798 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/vvq_QmeZ-ck/800 FOR IMMEDIATE RELEASE Contact: Bob Offutt +1 860 350-4084 x345 boffutt@phocuswright.com *tablehr* Travel Innovation Summit Demonstrators Find Fame and Funding PhoCusWright's Inaugural Travel Innovation Summit propels companies to success Sherman, Conn. USA, August 5, 2009—Many of the alumni of PhoCusWright's 2008 inaugural Travel Innovation Summit have found success in the months since they took the stage in November 2008 in Hollywood, California. Travel Innovation Summit featured 32 companies competing for honors of having the year's most innovative and influential travel technology. Their breakthrough innovations included mobile commerce tools, travel discovery and planning engines, distribution solutions and social networking applications. Several of the demonstrating companies have gone on to receive financial backing in the form of venture capital and investment in 2008 and 2009. "Travel Innovation Summit served as a launching pad for the leading innovators in travel technology, companies that will change way that consumers shop for, book and consume... Wed, 05 Aug 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/800 PhoCusWright http://www.phocuswright.com/library/pressrelease/800 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/Upxp65tW4h8/799 FOR IMMEDIATE RELEASE Contact: Douglas Quinby +1 860 350-4084 x390 dquinby@phocuswright.com *tablehr* PhoCusWright's Seven Major Trends Reshaping the U.S. Corporate Travel Landscape Sherman, Conn. USA, August 4, 2009—The economic downturn may be causing a significant contraction in business travel in 2009, but it is not the only trend reshaping corporate travel. PhoCusWright's U.S. Corporate Travel Distribution Fourth Edition identifies seven key trends driving fundamental change across the corporate travel landscape. These seven forces are driving a realignment of resources and services among corporate travel programs and travel management companies (TMCs), and leaving almost no facet of travel management untouched. "We have identified seven essential trends with the potential to shake corporate travel management to its core," said Susan Steinbrink, PhoCusWright's senior research and corporate market analyst. "Ranging from the environment to videoconferencing, supply chain management, mobile services and more, these trends are poised to impact the amount spent on travel,... Tue, 04 Aug 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/799 PhoCusWright http://www.phocuswright.com/library/pressrelease/799 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/__1iIyp_SVQ/661 FOR IMMEDIATE RELEASE Contact: Douglas Quinby +1 860 350-4084 x390 dquinby@phocuswright.com *tablehr* Corporate Travel to Decline 15% in 2009 PhoCusWright’s U.S. Corporate Travel Distribution Fourth Edition examines the trends reshaping corporate travel amid the recession Sherman, Conn. USA, July 30, 2009—The travel industry is reeling from the economic recession, but few segments are as challenged as corporate travel. Amid double-digit declines in traveler demand and revenue, the corporate travel landscape is undergoing a major realignment. Corporations are pulling back across the board and all players—from airlines to hotels to travel management companies—are under pressure. Travel industry research authority, PhoCusWright Inc., has released a new report that measures the current composition of the corporate travel market and shines a spotlight on fundamental shifts that will change the business travel landscape over the next three years. Recessionary trends are driving a steep contraction in business travel in 2009, resulting in a 15%... Thu, 30 Jul 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/661 PhoCusWright http://www.phocuswright.com/library/pressrelease/661 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/_0pnxWM9HCU/636 FOR IMMEDIATE RELEASE Contact: Douglas Quinby +1 860 350-4084 x390 dquinby@phocuswright.com *tablehr* Tour Operators and Packaged Travel Represent an $18.3 Billion Market New Study From PhoCusWright Provides In-Depth Analysis of the U.S. Tour Operator and Packaged Travel Landscape Sherman, Conn. USA, June 18, 2009—The packaged travel market in the U.S. is large, complex and—until now—significantly understudied. With more than 700 tour operators and online packages representing over US$18.3 billion in gross travel sales in 2008, companies from across the travel industry should take note. Commissioned by the American Society of Travel Agents (ASTA) and researched and produced by PhoCusWright, The U.S. Packaged Travel Landscape: 2006-2010 is the first definitive and comprehensive study of the tour operator and packaged travel market in the U.S. This landmark report provides in-depth analysis of a complex and fragmented market, covering market size, growth trends, distribution patterns and important product developments. The study also delivers... Thu, 18 Jun 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/636 PhoCusWright http://www.phocuswright.com/library/pressrelease/636 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/UMW7rwHj6O8/634 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* Booking Fees and the Bottom Line PhoCusWright Launches Financial Edition With a Competitive Analysis of Online Travel Agencies Sherman, Conn. USA, June 17, 2009—The booking fee promotional war among online travel agencies (OTAs) stole headlines earlier this spring and PhoCusWright, the travel industry research authority, had to wonder who would be left standing by year's end. After all, booking fees have been an important source of income for the Big 3 OTAs—Expedia, Travelocity and Orbitz—and now that they have dropped airline ticket fees and cut hotel fees, what could possibly replace that revenue stream? Especially now as travel demand is collapsing. Does the Model Work Without Fees? Exploring the Financial Impact of the Fee Cuts on Online Travel Agencies analyzes the financial performance and the viability of each of the major OTAs. This report is the first in... Wed, 17 Jun 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/634 PhoCusWright http://www.phocuswright.com/library/pressrelease/634