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A pot of gold found in online travel

By: Steven Bandy

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A female tourist decided to plan a trip on her own online thanks to a colleague's constant raves on online travel's benefits. Now she has a wide selection of Internet travel coups to choose from. She may be a newcomer on the internet travel scene but she has already got herself some great deals such as a train ticket from Chicago to New York City and back for only $33, a sweet $26 dollars for a posh hotel suite in Austin, Texas and best of all, she only has to pay a hundred dollars for a round trip airplane ticket to Denver.

You may be surprised at how easily you can find deals that enable you to pack your bags and leave for the weekend. The prospect of getting all the great travel deals with just one click of a mouse , high speed Internet connection as well as online airfare wars sprouting like mushrooms in cyberspace have contributed to the growing number of consumers that look online for all their travel concerns. Last year, more than 35 million Americans purchased travel via the internet as found by an independent travel research outfit. Another 19 million researched on places online, they added.

This year the Internet is expected to generate nearly $53 billion in leisure travel bookings alone nearly 22 percent of the travel industry's revenues, according to a projection from another research firm. Online travel is incredibly robust. It has gone beyond our expectations. Today, there are tons of spectacular deals. Thanks to a newly intensified airline competition, more dramatic growth can be seen ahead, avers a Chicago based online travel agency's chief executive.

The bigger airlines now slash transcontinental fares in response to the low cost carriers' ability to add more routes and planes. If you're among the frequent East Coast to West Coast fliers who are also well versed on the Florida flight rates, then you should also know about the bloodbath that exists thanks to the high cost of fuel, the bigger capacity in the travel marketplace and lastly, the reduced cost of labor seen in today's more prominent airline firms. Airline companies are now struggling with the toughest financial year ever since the year 2001 because of the immense competition, he further adds.

For the people from the online travel business who go for more volume rather than high costs of products, provided that the travel environment is safe and secure, then this becomes very stimulative to the marketplace. The core of every travel dot com is profitability. Amid an industry leader boasting of a huge bottom line, both of today's largest names in online travel, even when backed by the five largest American airline corporations are still in a struggle on achieving net profit even as they generate good sales.

Profits are hard to come by because increasingly Web savvy consumers will transact business with any site that gives them a better price. Many online travelers, 35 percent of them to be specific, are brand loyal. As an example, one Web surfer's strategy when doing her travel planning is to leave no key Web site unvisited. The Internet is where a couple who loves to trouble goes to get the best car, hotel, plane and train deals.

I'm sorry that this has hurt the business of travel agents, acknowledging that agents can offer advice and avoid booking hassles for those with neither the time nor the inclination to surf for deals. But I see it like this if you have a computer, why bother contacting a travel agent? The hotel market has evolved into the hottest online travel sectors, responsible for the $8.7 billion revenues in 2003 for leisure bookings.

The two major players in the online travel business have turned the market share battle a notch with the way they spend on marketing and investment endeavors. Both show success in getting in more accounts from the private sector. Analysts maintain that in order for today's many online agencies to attain success, they must be able to create a package inclusive of car rental, airfare and hotel accommodation in one attractive deal. For the first time, at least half its revenues will come from sources other than airplane tickets. He branded travel packages as the hot marketplace. In forward years, a lot more people will accept and support this far more that how they do today.

Article Source: http://depositarticles.com/

To get a closer look on travel insurance web visit this site. Further information on flight insurance can be found there.

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