Thursday, May 5, 2011

Newshound - 05/05/2011

Global Hotel Market Proves Resilient in March

Corporate travel reservations grew in March 2011 over 2010 by +30%, while revenue climbed +42.5%, aided by a +6.9% increase in average daily rate (ADR). Following a growth dip in February, March global leisure bookings achieved the second highest growth pace in the last year, climbing +10.8%, while revenue jumped +15.5%.
http://www.etravelblackboard.us/showarticle.asp?id=98408
New Travel Study Defines Digital Genius
No industry has embraced digital faster than travel. It's not just online sales that are impressive. It's the reality that the digital space is providing a whole new arena in which travel brands are beginning to engage customers and serve them in ways never before possible.
http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=149598
Online travel to experience solid growth in Middle East
The online travel and tourism industry is poised to "experience solid growth" over the next five years - with the Middle East and Africa leading the way in percentage terms, reveals research from Euromonitor International. Online hotel sales in Middle East and Africa over the period will grow by more than 12%, sharing the top slot with Latin America which sees the same growth rates for accommodation.
http://www.ameinfo.com/263959.html
Local OTAs rule India’s growing online travel market
The global OTAs may be the biggest names in online travel, but Indian travelers clearly prefer the flavor of OTAs grown closer to home. A recent report by travel industry research authority PhoCusWright revealed the dominance of India's homegrown OTAs.
http://www.traveldailynews.com/pages/show_page/43037-Local-OTAs-rule-India%E2%80%99s-growing-online-travel-market
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