The Evolution Of The online travel industry

The Evolution Of The ONLINE TRAVEL INDUSTRY A17-37 INDUSTRY GROWTH, 1995 Hyatt launches the new Hyatt.com which features special offers, low Internet rates, and information. 2006-2013 Consumer spending on Online treavel planning has grown rapidly since 2006. 1996 CheapFlights.com, founded in the UK, is the first to partner with airlines & offer airfare pricing comparisons. 1996 Microsoft launches online travel 17% booking site Expedia.com. AVG Growth Per Year 1998 Priceline.com pioneers a patented pricing system: "Name Your Own Price." 1999 Travelocity.com is incorporated & quickly becomes a market leading brand in the online travel industry. €102.7 €87.7 €63.1 BILLION BILLION 2000 Voyages-sncf.com is founded. BILLION Orbitz.com is launched, established through a partnership of major airlines including Continental, Delta, United, Northwest, and American Airlines. 2001 2008 2011 2013 ONLINE VS OFFLINE 2001 Opodo.com, an European enterprise, founded by a consortium of European airlines is first launched in Germany. TRAVEL BOOKING 2004 Due to increasing consumer savvy. 67% of travelers with Internet access plan & book their trips online. ONLINE OFFLINE 2010 51% 2007 2007 is the first year in which more trips were purchased online than offline: 51%. 2011 56% 2012 Google aquires ITA, a flight information software company, to establish itself within the online travel industry. 2012 60% -Usage of Mobile Phones for Travel Info- 85% 30% have used mobile apps of leisure travelers use their smart phone while traveling to find hotel deals 29% 15% TRAVEL of travelers have used have downloaded PEIEAT mobile apps to find flight deals mobile apps specific to upcoming vacations Designed & Isued For Public Interest By Source:- http://www.ustravel.org/news/press-kit/travel-facts-and-statistics http://en.wikipedia.org/wiki/Travel_website MUSHTAQIY TraVel Piktochart