http://www.phocuswright.com/press_releases Thu, 18 Jun 2009 00:00:00 +0000 PhoCusWright Press Releases 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 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/9--gMrAHqhI/638 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* Analysts discuss the impact of current trends with travel leaders at The PhoCusWright Analyst Forum Sherman, Conn. USA, June 11, 2009—Travel leaders from the New York metro area gathered Tuesday to learn about the latest industry trends and opportunities. The PhoCusWright Analyst Forum at the Grand Hyatt New York played host to lively discussions between PhoCusWright's veteran analysts and an engaged audience. The Forum featured interactive discussions on the current travel consumer outlook, opportunities present in the vacation rental marketplace and new findings on the importance of destination marketing. Vacation Rentals Get Real (and Really Big) Sponsored by HomeAway A lack of consumer awareness is one of relatively few challenges facing the vacation rental sector. Recent investment and a string of young companies are giving vacation rentals a new name. PhoCusWright's Douglas Quinby describes a market with only... Thu, 11 Jun 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/638 PhoCusWright http://www.phocuswright.com/library/pressrelease/638 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/fVNUXJMeIMs/639 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* New PhoCusWright Study Details Online Best Practices for DMOs More than half of U.S. travelers use the Internet to select a leisure destination Sherman, Conn. USA, June 11, 2009—Destination marketers play a unique role in the leisure travel marketplace, positioned at the crossroads between travelers and travel suppliers. Thousands of national, state, regional and local level destination marketing organizations (DMOs), convention and visitor bureaus (CVBs) and national tourism organizations (NTOs) play a vital role in stimulating travel demand. For these destination marketers, an explosion of online tools and technologies has provided unprecedented potential to connect with travelers and promote destinations in new and effective ways. At the same time, challenges ranging from funding constraints to difficulty navigating technical change are forcing many to take a close look at what they need to do to remain competitive and relevant... Thu, 11 Jun 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/639 PhoCusWright http://www.phocuswright.com/library/pressrelease/639 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/qsHDS7XW-gk/640 FOR IMMEDIATE RELEASE Contact: Bruce Rosard +1 860 350-4084 x375 brosard@phocuswright.com *tablehr* PhoCusWright launches social forum for travel leaders to connect PhoCusWright Connect will unite travel executives and researchers for interactive discussion and debate on global travel trends Sherman, Conn. USA, June 2, 2009—PhoCusWright Connect, the new forum for global travel leaders to actively engage and debate the latest industry trends and issues, was launched today by PhoCusWright. The social community serves as an extension of www.phocuswright.com and offers news, commentary, video and social networking features. Bruce Rosard, vice president of sales and marketing at PhoCusWright explains "PhoCusWright Connect is a live online community that allows executives and researchers to discuss, debate and define the future of how consumers search, shop and buy travel." PhoCusWright Connect features blog posts from PhoCusWright analysts and other select bloggers, video interviews with leading travel industry executives, photo streams from a variety of conferences,... Tue, 02 Jun 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/640 PhoCusWright http://www.phocuswright.com/library/pressrelease/640 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/ISLH81W6UzA/621 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 crheem@phocuswright.com *tablehr* PhoCusWright Releases Top U.S. Traveler Trends PhoCusWright's Consumer Travel Report reveals the most important consumer trends shaping today's marketplace Sherman, Conn. USA, May 14, 2009—Recessionary markets provide extraordinary opportunities to observe shifts in consumer behaviors and attitudes. PhoCusWright, the travel industry research authority, projects that the total U.S. travel market will decline 11% in 2009, returning the industry to pre-2006 levels. This decline reflects a dramatic shift in consumer demand levels, and new research from PhoCusWright's Consumer Travel Report provides valuable insight into the changing behavior of today's traveler. Top U.S. Traveler Trends Move over boomers—Generation Y has come of age Twenty-five to 34 year olds are spending the most per household on travel and 18-34 year olds are significantly more likely than older age groups to indicate that they plan to travel more this year. While boomers... Thu, 14 May 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/621 PhoCusWright http://www.phocuswright.com/library/pressrelease/621 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/0-8zpnjh5ok/617 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* Jake Fuller to lead PhoCusWright's Financial Research Sherman, Conn. USA, April 29, 2009—PhoCusWright Inc., the travel industry research authority, announces the addition of Jake Fuller as senior analyst, finance and analytics. Mr. Fuller brings fifteen years of financial expertise in the area of travel and hospitality. He will head the development of The PhoCusWright Research Subscription: Financial Edition, lead related research projects and assist with conference activity associated with travel finance. "Jake's expertise and visibility will bring a new financial perspective to the PhoCusWright team," says Lorraine Sileo vice president, research at PhoCusWright. "His insight and leadership will be crucial in the launch of our new line of research." Travel, tourism and hospitality represents the world's largest industry, accounting for 8 percent of worldwide employment, 9 percent of invested capital and 10 percent of global GDP. Leading companies... Wed, 29 Apr 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/617 PhoCusWright http://www.phocuswright.com/library/pressrelease/617 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/vkTiHqY2TiI/605 FOR IMMEDIATE RELEASE Contact: FirstName LastName +1 860 350-4084 x### EMAIL@phocuswright.com *tablehr* PhoCusWright Analysts Identify the Top 10 Travel Technology Trends for 2009 Sherman, Conn. USA, April 14, 2009—With 2009 in full swing, travel industry research authority, PhoCusWright, takes a fresh look at the technologies and innovations that have the potential to drive change in the travel, tourism and hospitality in its annual publication, PhoCusWright’s 2009 Technology Trend Predictions. Bob Offutt, senior technology analyst and editorial director, Technology Edition, explains, "Innovation is at the very heart of the travel industry—from the beginnings of air travel and global hotel brands to GDS and OTAs. These ten technology trends will reshape the way consumers search shop and buy travel." Carefully selected by PhoCusWright experts from a plethora of global business and technology initiatives, each trend is weighed for its business value and potential to change the face of travel. PhoCusWright's 2009 Technology... Tue, 14 Apr 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/605 PhoCusWright http://www.phocuswright.com/library/pressrelease/605 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/DMo_ZwfKvcI/603 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 crheem@phocuswright.com *tablehr* Mobile: The Next Platform for Travel PhoCusWright releases new report that details the coming impact of m-commerce on travel Sherman, Conn. USA, April 8, 2009—The vast potential of mobile hinges on more than what you can do, it is about where you do it. M-commerce is a transformative new platform quickly changing the way consumers interact with travel brands. It may be hard to imagine that travelers booking a big vacation from start to finish using mobile devices, but they have already started to research and buy travel options and upgrades while on the go. M-commerce will eventually become as commonplace as online shopping. In a new report surveying the frontiers of mobile commerce in the U.S. and Europe, PhoCusWright's Mobile: The Next Platform for Travel reviews mobile technologies, explores traveler's attitudes toward mobile functionality, and quantifies the... Wed, 08 Apr 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/603 PhoCusWright http://www.phocuswright.com/library/pressrelease/603 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/El_OtBRdVp8/597 FOR IMMEDIATE RELEASE Contact: Bruce Rosard +1 860 350-4084 x375 brosard@phocuswright.com *tablehr* Money. Media. Mobile. Moxie. PhoCusWright announces theme for Center Stage@The PhoCusWright Conference. Sherman, Conn. USA, March 31, 2009—PhoCusWright, the travel industry research authority on how travelers, suppliers and intermediaries connect, today announced the theme for its signature event, Center Stage@The PhoCusWright Conference. This year's theme—"Money. Media. Mobile. Moxie."—highlights four essential strategies for success in today's marketplace: financial stability, expanded revenue streams, technical innovation and the guts to achieve challenging objectives in a demanding, complex environment. The alliteration confronts the travel industry with a dose of reality and encourages companies to harness the four forces to drive success. Much like past PhoCusWright Conference themes such as "Internet Travel Faces Reality" (2000) and "Travel 2.0 Confronts the Establishment" (2006), "Money. Media. Mobile. Moxie." depicts the turning point for the next era of growth in travel. Money. The search is on... Tue, 31 Mar 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/597 PhoCusWright http://www.phocuswright.com/library/pressrelease/597 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/Kk8E53sY1Uc/569 ************************************************ FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 crheem@phocuswright.com *tablehr* Spain, Italy, Lead European Online Travel Growth Sherman, Conn. USA, January 8, 2009—At the close of 2008, online leisure/unmanaged business travel bookings represented 29% of the €246 billion European travel industry, the world's largest regional travel market. Online travel bookings will grow significantly faster than total gross bookings, which are projected to increase by 3%. 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. Travel industry research leader PhoCusWright Inc. delves into the European online leisure/unmanaged business travel market as a whole as well as via six individual key market reports. Spain: Spain remains a fast-growing European online travel market as its rail and hotel segments continue to shift share from offline channels, according to PhoCusWright’s... Thu, 08 Jan 2009 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/569 PhoCusWright http://www.phocuswright.com/library/pressrelease/569 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/QIIu_2nTyjE/565 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* Ram Badrinathan to Lead PhoCusWright Operations in Asia Pacific Veteran analyst Ram Badrinathan has been promoted to general manager of PhoCusWright in Asia Pacific Sherman, Conn. USA, December 23, 2008—PhoCusWright Inc., the travel industry research authority, announces the selection of Ram Badrinathan as general manager, Asia Pacific. Mr. Badrinathan will head the development of PhoCusWright's business in the Asia Pacific region including strategy, syndicated research, custom engagements and conference activity. His team in Mumbai and across the region will track and analyze emerging developments and opportunities in global travel distribution. The Asia Pacific travel market represents over US$170 billion in bookings. India in particular holds great potential for future development; PhoCusWright projects the $16 billion Indian travel market to expand to $25.8 billion by 2010. The travel industry and online operators will need quality data and insight to... Tue, 23 Dec 2008 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/565 PhoCusWright http://www.phocuswright.com/library/pressrelease/565 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/O3JqsdnUU6s/536 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 lsileo@phocuswright.com *tablehr* PHOCUSWRIGHT DEBUNKS SIX ONLINE TRAVEL MYTHS Sherman, Conn. USA, September 18, 2008—Myth #1: The number of online travel buyers in the U.S. is declining. In fact, that number is on the rise, as documented in The Consumer Travel Trends Tenth Edition recently published by PhoCusWright Inc. In 2007, approximately 70% of online travelers (that is, adults who have taken a commercial air trip and stayed at a hotel for leisure in the past year, and used the Internet in the past 30 days) bought travel online, compared to 63% in 2006. PhoCusWright dispelled this piece of misinformation—and debunked five additional online travel myths—at its first-ever Analyst Forum, held September 10 in New York City. In addition to the misconception that online travel buyers are declining, The PhoCusWright Analyst Forum corrected these five other online travel myths: More and... Thu, 18 Sep 2008 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/536 PhoCusWright http://www.phocuswright.com/library/pressrelease/536 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/lcfr_zMR07o/526 FOR IMMEDIATE RELEASE Contact: Lorraine Sileo +1 860 350-4084 x130 email lsileo@phocuswright.com *tablehr* New Survey Reveals Unique Habits and Preferences of Next Generation Travelers Sherman, Conn. USA, August 19, 2008—Technological change has reinvented the manner in which travel service suppliers bring their products and services to the marketplace in recent years, and a new survey now reveals that emerging technology has had an equally profound effect on the behavior of those who use it. The NEXTgen Traveler™ survey of 2,559 adults—co-authored by PhoCusWright and Ypartnership—was conducted in March 2008. Respondents were "active users" of the latest computer, entertainment or consumer technology, and took at least one overnight trip requiring the use of commercial accommodations during the previous 12 months. According to the survey, these "next generation" travelers are highly educated (30% with a 4-year college degree; 20% with at least one year of graduate school), affluent (30% of households with... Wed, 20 Aug 2008 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/526 PhoCusWright http://www.phocuswright.com/library/pressrelease/526 http://feedproxy.google.com/~r/PhocuswrightPressReleases/~3/fy-5NUkCtVI/525 FOR IMMEDIATE RELEASE Contact: Carroll Rheem +1 860 350-4084 x396 email crheem@phocuswright.com *tablehr* U.S. HOTEL TOP COMPONENT PURCHASED ONLINE U.S. travel buyers looking for more when booking a hotel for leisure, PhoCusWright survey finds Sherman, Conn. USA, August 19, 2008—Despite increased rates and increasing economic pressures last year, hotel was the top component purchased by online travel shoppers in the U.S., beating out airline tickets, according to a recent report. The report, The PhoCusWright Consumer Travel Trends Survey Tenth Edition, finds that this growth can be ascribed, in part, to consumers' need for a change in venue to really disengage when traveling for leisure. Travel buyers also enjoy the ability to find deals, inventory and more unique hotel options online than ever before. "Online travel agencies benefited well from this trend, attracting consumers through great availability at a wide breadth of hotel options," said Susan Steinbrink, senior research and corporate... Tue, 19 Aug 2008 00:00:00 +0000 http://www.phocuswright.com/library/pressrelease/525 PhoCusWright http://www.phocuswright.com/library/pressrelease/525