Phocuswright News

In Online Travel, Size Matters

Thumb

With Expedia swallowing Travelocity, Orbitz considering a sale, eDreams Odigeo in transition and Priceline stoking fears around the world, every online travel company and hotelier must confront a rising strategic reality: It's become a two-horse race, and the leaders are pulling ahead of the pack.
[ read entire article ]

Published: January 2015

U.K. Proves Perfect Storm for Mobile Bookings

Thumb

The time is finally here: The majority of U.K. travelers own a mobile device, and travel companies have the mobile web and app experience down pat. And now, mobile bookings are beginning to flourish.
[ read entire article ]

Published: January 2015

Mobile Travel Shopping Hits Tipping Point – But PC Still Dominates Booking

Thumb

Mobile devices have invaded the early travel planning funnel. During 2014, one third of U.S. leisure travelers used their smartphone to research where to go for an upcoming vacation while only slightly fewer, 32%, used the device to shop for travel products like flights and hotels. The growth in mobile travel shopping has been extremely impressive, up from 26% the prior year.
[ read entire article ]

Published: January 2015

Canada's Travel Industry Fails to Keep Pace as Travelers' Mobile Expectations Accelerate

Thumb

Home to one of the first leaders in the global smartphone revolution, the storied maker of the BlackBerry messenger and smartphones, Canada has been somewhat sleepy when it comes to the mobile travel revolution. According to Phocuswright's Canadian Online Travel Overview Third Edition: 2012-2016, gross bookings via mobile devices (smartphones and tablets) remain well below that of the U.S., Europe and even Asia, with mobile as a share of all online bookings still in the low single digits.
[ read entire article ]

Published: January 2015

Europe's Online Travel Market Will Expand 7% in 2015, Despite Economic Challenges

Thumb

A new study published by Phocuswright finds that European online travel gross bookings will march forward at a brisk pace in 2015, despite continued economic sluggishness and geopolitical turbulence. Optimism over Europe's recovery experienced in the first half of 2014 proved short-lived, as the French economy continued its slowdown into 2015 and Greece's fiscal woes continued to weigh heavily on Euro Zone stability.
[ read entire article ]

Published: January 2015

Sputtering European Economy Halts Holiday Spending Recovery

Thumb

After climbing out from the depths of the global economic recession, Europe appeared to be on track for a lasting recovery. But despite some signs of progress, the region's economic rollercoaster continued in 2014, amid fears of a renewed slowdown in the region's largest economies. Branded as Europe's growth engine, Germany sputtered in the second quarter as the country's gross domestic product (GDP) contracted.
[ read entire article ]

Published: December 2014

Online Travel's Growth - and Future - Is Not Only in Emerging Markets

Thumb

The refrain of online travel over the past half-decade is often repeated: as developed markets in North America and Europe mature and slow, travel companies must look abroad to emerging markets for the next big wave of growth. There is no question that online travel markets in developed economies have matured, and the heady double-digit growth rates of the markets' early years are a thing of the past. A cursory glance at Figure 1 tells a very clear story.
[ read entire article ]

Published: December 2014

OTA Hotel Play Pays Off: Double-Digit Gains Boost Outlook for U.S. Intermediaries

Thumb

The skies have not been friendly to online travel agencies (OTAs) in recent years, but OTAs are countering online market share lost to airlines with a strategic move of their own. OTAs have aggressively pursued the higher-margin hotel segment, and those efforts are paying dividends. OTA hotel bookings are projected to grow 15% in 2014, outpacing hotel website gains for the third consecutive year. OTAs' share of the online hotel market will increase to 48%, up from 46% in 2012.
[ read entire article ]

Published: December 2014

Mexico Poised to Become Latin America's Largest Travel Market

Thumb

With relatively low online travel penetration and a population of more than 120 million, Mexico is a market of great untapped promise. According to a new Phocuswright report, the country had the world's 13th largest travel market in 2013. Mexican airports transported over 55 million passengers in 20131, and despite concerns about personal safety related to inter-gang violence, international arrivals jumped 10% between 1H13 and 1H14. On the heels of an economic upswing, Mexico's middle class will drive domestic demand for both leisure and business travel in the coming years.
[ read entire article ]

Published: December 2014

Latin American Travel Market Poised for Major Growth

Thumb

An emerging middle class of travelers hungry for adventure has stoked significant demand for travel services in Latin America.
[ read entire article ]

Published: November 2014