[0] PhoCusWright Projects European Online Travel Market Will Reach $10.9 Billion in 2002.Business Editors SHERMAN, Conn.--(BUSINESS WIRE)--Jan. 8, 2001 Technology Improvements, Greater Sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. Among Internet and Wireless Users, and Rapidly Developing Online Travel Services Will Stimulate Growth The European online travel market is gaining prominence as the economic signs for this e-commerce segment continue to grow stronger. Today, PhoCusWright, Inc., the leading independent Internet travel intelligence company, released The European Online Travel Marketplace, 2000 - 2002. This exclusive, in-depth report reveals that the European online travel market will soar SOAR - 1. State, Operator And Result. A general problem-solving production system architecture, intended as a model of human intelligence. Developed by A. Newell in the early 1980s. SOAR was originally implemented in Lisp and OPS5 and is currently implemented in Common Lisp. from US$2.9 billion in 2000 to US$10.9 billion in 2002 - nearly a 300% two-year gain. The findings, which cover most Western European nations with measurable e-commerce activity and potential, will help both American and European companies It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of companies from the countries in the European Union. understand the growing opportunities in the European travel market as more consumers rely on the Internet to book their travel. Factors contributing to this growth spurt growth spurt Pediatrics A period of rapid growth in middle adolescence; ♀ ↑ ±8 cm/yr ±age 12; ♂ ↑ ±10 cm/yr ± age 14; GS is orderly, affecting acral parts–ie, hands and feet grow before proximal regions, were continuing strides in Internet and wireless usage; the breakdown of e-commerce barriers such as bill payment, security and privacy concerns; improved telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. ; and the influx of new and improved online travel services. The emergence of the Internet and online commerce in Europe also coincides with the rise of the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EU), creating one unified economy and, eventually, one common currency - the euro. "Increasingly, Europeans are able to access the Internet using flat-rate payment plans instead of having to pay for Internet access See how to access the Internet. by the minute, which had been a major constraint Constraint A restriction on the natural degrees of freedom of a system. If n and m are the numbers of the natural and actual degrees of freedom, the difference n - m is the number of constraints. ," said Kate Rice, director of information services See Information Systems. at PhoCusWright, Inc., and author of the report. "At the same time, several online players have begun to build significant market share - raising public awareness of travel e-commerce in the process. The greatest potential of the Internet is in its global capabilities and nowhere is that more true than in online travel." Airline Web sites and tour operators controlled 28% and 27%, respectively, of the European online travel market in 2000. Online travel agencies had a 26% market share; railways, 9%; hotels, 7%; and car rental companies, 3%. Other key findings include: - Agency Versus Supplier Web Sites - Unlike in the U.S., supplier Web sites dominate the online travel market in Europe. Airlines, tour operators, hotels, railways and car rental companies represent 74% of the European online travel market in 2000, while online agencies' share is 26%. - Online Agencies Fight for Market Share - The acquisition of Degriftour by lastminute.com makes lastminute.com the second largest online travel agency in Europe, with estimated combined gross bookings of $116 million. Ebookers.com is number one, with $150 million in projected gross bookings. Expedia.co.uk ranks third. - Airline Web Sites Edge Out Online Agencies - For Now - Airline Web site sales will total $810 million in 2000, while $382 million of airline tickets will be sold through online travel agencies. The two airlines with the largest online bookings - easyJet and Ryanair - book 100% of their Internet sales on their own Web sites. Each sells at least half of all tickets online. The European Online Travel Marketplace, 2000 - 2002 evaluated the market by interviewing e-commerce executives at nearly 50 European-based airlines, hotels, tour operators, rail companies, car rental companies, ferry lines and travel technology companies. Internet revenues are based on gross bookings, namely the total transaction value of the products booked. All currency figures are in U.S. dollars. For a complete table of contents and information on how to purchase a copy of this exclusive report, see http://www.phocuswright.com/research/ETR_TOC.htm or call Mike McCormick Mike McCormick can refer to different people:
About PhoCusWright, Inc. PhoCusWright, Inc. is an independent strategy and research company that helps its clients understand the online travel marketplace and make competitively advantaged decisions. PhoCusWright analysis, forecasts and insight motivate industry executives to advance their businesses with speed and clarity. Subscriptions and engagements include intense, topical PhoCusWright Reports, The Insighter digital collection, snap.shot, strategy sessions, access to analysts, custom research, The Travel E-Commerce Survey and The PhoCusWright Yearbook. PhoCusWright's WebTravelNews is the leading online news publication covering travel and technology. The PhoCusWright Investor and Executive Conferences in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe are the definitive forums for the Internet travel marketplace. Established in 1994, PhoCusWright, Inc. is headquartered in Sherman, CT, USA, and has offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. 's Silicon Alley An area in New York that has become known for its companies devoted to multimedia and the Internet. It is located in Manhattan's "Soho" district, which does not stand for Small Office Home Office, rather it is SOuth of HOuston Street. and in London, England. Additional information and research are available at www.phocuswright.com. |
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