Business travellers switch to online booking to cut costs.
INTERNET BUSINESS NEWS-(C)1995-2001 M2 COMMUNICATIONS LTDMore and more business travellers are using the Internet to make travel arrangements in order to save money on travel costs, according to a new survey.
Jupiter Media Metrix predicts that this trend will accelerate, with the online business travel industry growing in value from USD4bn in 2000 to around USD33bn by 2005.
The report says this is likely to have an effect on all aspects of the travel industry, both online and offline. Traditional travel firms will have to find new roles in the travel industry, offering support for online booking services, reported Newsbytes.
Online business travel bookings are currently dominated by air travel, but Media Metrix expects online hotel reservations and car rental bookings to increase over the next few years.
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| Title Annotation: | Industry Trend or Event |
|---|---|
| Comment: | Business travellers switch to online booking to cut costs.(Industry Trend or Event) |
| Publication: | Internet Business News |
| Article Type: | Brief Article |
| Geographic Code: | 1USA |
| Date: | Feb 9, 2001 |
| Words: | 157 |
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