Former Hotwire.com team aims to save companies millions by giving business travelers access to the world’s largest online competitive marketplace for limousine services. Guest post by Limos.com: Limos.com is set to announce its new business travel product at the upcoming PhoCusWright Travel Innovation Summit – called ForGround.com. The company expects ForGround.com to save business...
PhoCusWright’s Dallas Town Hall Breakfast was one of the largest and most successful to date. Held May 13th, the event gathered travel leaders, innovators and entrepreneurs to discuss the hottest trends in travel today. PhoCusWright president and CEO, Philip Wolf guided the audience in group discussions on topics ranging from Facebook to ancillary revenue. He even polled the audience with intriguing...
Despite the economic downturn, major corporations continued to invest in research and development (R&D) in 2009. This activity has created a rich landscape of innovation for the travel industry. Myriad new technologies hold the potential to drive change and create business value for travel companies in the next several years. Learn more: Travel Innovation and Technology Trends: 2010 and Beyond
For months, a small hotel here in Connecticut featured a sign that read “Name your own price – up to 50% off.” The General Manager must either be desperate or a big William Shatner fan. I can understand the consumer’s interest in finding the lowest price, that’s rational economics; but when hoteliers get on board and try to give away rooms, its not revenue management it’s just race-to-the-bottom...
PhoCusWright Connect is an active forum for global travel leaders to discuss travel news, research and trends. PhoCusWright Connect offers fluid communication and connections between members of the travel industry– it is a virtual community packed with valuable insights and vigorous discourse. PhoCusWright Connect is the social media platform of PhoCusWright Inc. PhoCusWright is the travel industry...
The mission of airlines and hotel companies is to provide a satisfying and safe travel experience (the ‘how’ of travel). Travelers, on the other hand, are primarily interested in the activities they will participate in when they reach their destination (the ‘why’ and ‘what’). These two paradigms are not so much misaligned as they are symbiotic. This is why the travel industry as a business...
Looking into 2010, PhoCusWright analysts collaborated to assess the nine key trends poised to shape travel distribution. Readers who expected an even 10 trends are asked to submit their choice in the comments below. What do you think will be the most compelling trend affecting travel distribution this year?
Among the immense volumes of content and entertainment we consume on a daily basis, finding one item that promises to have a lasting impact on our culture is truly a story of a needle in a haystack. In the case of the Avatar blockbuster we are only beginning to see the story unfold. Looking back it’s easy to see the true impact of other movies. Imagine Star Wars’ impact on the technologies we take...
After suffering through a year that PhoCusWright analyst Jake Fuller called “one of the worst years for the hotel industry since World War II,” the global hospitality industry is searching for a 2010 outlook and looking for signs of hope in the numbers. The data, however do not paint the pretty picture that most were hoping for. Forecasts have been cautiously described as ‘less bad,’ but effectively...