Expedia Inc EXPE Cashing in on Growing Travel Market | Tech Insider

expedia-logo-300x150Expedia Inc NASDAQ:EXPE has released its second quarter results for the fiscal year 2014, beating analysts’ expectations which helped the stock to advance by 5% in the aftermath. In a segment on CNBC, Dara Khosrowshahi, Expedia’s CEO has commented on the company’s strong second quarter results, saying travel market is expanding and “online” takes an ever increasing chunk of it.

The travel company has seen its gross bookings number rise to $13 billion in the second quarter and its revenue increase by 24% year-on-year. Room nights grew at a pace of 20%, hitting a record, and adjusted earnings per share jumped 60% year-on-year.  Such positive results give the company an opportunity to spend more on marketing and investment, which in turn brings more customers and revenue, according to Khosrowshahi.

“Right now we are in a pretty good spot within a competitive marketplace. […] We are seeing our marketing spending going up faster than revenue but these are big scale businesses when you’re talking about $13 billion of gross bookings in one quarter, so we are able to scale off of our fixed expenses. So I think it is a great situation when you can spend aggressively into marketing but still increase profits […],” he added.

Last week, Expedia Inc NASDAQ:EXPE’s competitor Priceline Group Inc NASDAQ:PCLN announced the acquisition of OpenTable Inc NASDAQ:OPEN for $2.6 billion in cash, in a deal that marked its expansion into the restaurant business. Asked if  Expedia Inc NASDAQ:EXPE has similar plans, Dara Khosrowshahi said that such a move is not in the cards at the moment, as there are still plenty of opportunities in the travel market, which is a $1 trillion dollar-industry and growing. He has disclosed instead that the company plans to look for growth in Europe and Asia.

via Expedia Inc EXPE Cashing in on Growing Travel Market | Tech Insider.

Digital Marketing Trends Redefining Tourism Prospects | Travelandtourworld.comTravelandtourworld.com

Wednesday, July 9, 2014

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Technological advancement has completely revolutionized the concept of travelling round the globe. With the increasing number of travel technology providers, tourism in different exotic destinations gets a boost. Hassle-free and instant in its function, travel apps are the latest trend among global tourists.

Digital marketing is the most sought-after modish trend to promote tourism. Offering promotional deals is a simple way to invite potential customers to travel while segmenting your market to find interests for touring.

Social media marketing has immensely contributed to increase tourist influx in unconventional destinations along with boosting tourism in picturesque locales.Among the 25 major international markets surveyed, Asia ranks top in online travel bookings, mobile searches and mobile bookings.

Asian travellers lead the field when it comes to mobile travel bookings and searches performed, at 33% and 59% respectively, compared to the global average of 25% and 46% respectively.Travellers continue to use the internet for both information and booking.

Travel advertisers need to take full take advantage of the opportunities online advertising offer, as the key component in their marketing strategy.If you are a travel advertiser, then Adform has a range of new and exciting Rich Media formats that will perfectly fit your campaign objectives.

For instance, what should you do when you want to entice travellers to visit a specific island? How can you recreate that beach sensation for them? Check out their Sandstorm format and the revolutionizing Snowball format for a brighter tourism prospect.

via Digital Marketing Trends Redefining Tourism Prospects | Travelandtourworld.comTravelandtourworld.com.

Big data fuels rise of real-time travel marketing – TTG Asia – Leader in Hotel, Airlines, Tourism and Travel Trade News

Xinyi Liang-Pholsena, Bangkok, June 20, 2014 

pata logoTHE growing availability of large public and private information sources has led to the development of big data analytics, a potential trove of information that travel businesses can leverage to deliver more effective and tailored services to their customers.

In particular, Asia’s high rates of smartphone penetration, skyrocketing demand for ‘phablets’ mobile devices straddling smartphone and tablet and immense popularity of social media underscore the vast opportunities big data present, said speakers at PATAcademy-HCD, which takes place in Bangkok from June 17 to 20.

“The Internet of things” – a term that refers to the advanced connectivity of devices, systems and services – can enable travel brands to capitalise on the potential of “real-time marketing” to personalise the customer experience and predict their current and future needs, said Sonal Patel, business development director, exchange – APAC, Twitter Singapore.

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Moreover, the emergence of wearable technology like Google Glass will further enhance the development of real-time marketing.

 

Citing his market research firm’s findings, Laurens van den Oever, global director for travel at GfK, illustrated how big data can be used to understand the booking seasonality and characteristics of destinations around the world.

For example, German and English travellers are early bookers while Italians and Russians tend to be late bookers when it comes to a summer vacation in Spain; within the region, Singaporeans are extremely late bookers, usually just four weeks in advance, he shared.

Applying booking seasonality trends to crisis communication, PATA COO, Mario Hardy, remarked: “If a crisis in a destination happens during high season, how you communicate to your markets is also different from when it happens during low season.”

While online is a part of nearly all travellers’ consumer journeys, van den Oever also pointed out that offline remains a major influencer. “Cross-channel usage is strong, so travel marketers should ensure a synergy of message across online and offline touch points,” he said. “For package tours, travel agencies and catalogues are still important touch points.”

Moreover, he also emphasised the complexity of travel purchase journeys, as consumers go through multiple pathways – ranging from generic search and aggregators to destinations and travel agencies – prior to making a booking so it is vital for travel marketers to consider the placement of their message. “Being present on all touch points is becoming mission critical,” he stressed.

via Big data fuels rise of real-time travel marketing – TTG Asia – Leader in Hotel, Airlines, Tourism and Travel Trade News.

Asian travellers lead in mobile travel search and bookings [INFOGRAPHIC]

Jun 12.2014 

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Asian travellers are leading the field when it comes to mobile travel bookings and searches performed, at 33% and 59% respectively, compared to the global average of 25% and 46% respectively.

The findings are part of a study conducted by online accommodation specialist AsiaRooms, and Lenovo, among 12,000 users 6,000 in APAC, and 6,000 in the non-APAC region in the past year.

Among the 25 major international markets surveyed, Asia comes out top in online travel bookings, mobile searches and mobile bookings.

Asian travellers’ top two travel-related activities on mobile are:

  • Searching for travel accommodation 59%, an increase of 13% compared to the global average. Thailand respondents were the highest at 65% amongst the countries in Asia.
  • Comparing prices of travel accommodation 50%, 10% more than the global average.

One third of Asian travellers booked travel accommodation via their mobile devices, an increase of 8% on the global average. But, 63% of Asian travellers are likely to book their accommodation on mobile, compared to the global average of 53%.

Although 83% of respondents own a mobile phone with internet access, 40% of respondents say it is difficult to read content via mobile. These respondents claim this as a top issue while 35% respondents report a slow/unstable mobile internet connection also as a challenge.

Below is the infographic:

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via Asian travellers lead in mobile travel search and bookings [INFOGRAPHIC].

2014: Is this the tipping point for online travel distribution in APAC? | Travel Industry News & Conferences – EyeforTravel

Jun 2, 2014

As the travel industry starts to mature and new disruptive forces enter the fray, are you – and your business partners – ready to pivot?

skyscanner_logoIn a world where many travel brands want to drive more direct business, how do you choose the right partners? Whether it’s Google, Expedia, Skyscanner or Groupon, one pressing question is this: how are they going to assist or hinder your efforts in the fight to win the next billion Asian customers? By 2030, tourists from Asia will lead all regions of the world in total departures and travel expenditures. So yes, it’s a booming market and there are huge opportunities – as well as some significant challenges.

Over the past month, we’ve been talking to some of the speakers who presented at EyeforTravel’s Travel Distribution Asia last week. They helped us to identify some emerging trends in the region. Let’s now take a closer look.

1. Ready to pivot? Are peer-to-peer and villa rentals the next big thing?  Is this a tipping point in online travel?

Sean Seah, MD of Groupon Travel thinks so. “I think we’re at a pivot point. What I call travel 1.0 – the OTAs, search engines and pretty much metasearch too, which has been around for ages, have matured,” he says.

In APAC, specifically, this is a whole new segment, which could seriously shake up and disrupt the distribution model.“

In 2014 and 2015, the whole peer-to-peer model, like Airbnb and vacation rental space, like HomeAway, will be huge and that is going to make it even harder for travel suppliers like hotels to play the game, as these other guys are going to be just as good,” says Seah.

In Asia, there are still huge opportunities to run villas – especially for groups and families – in, say, Phuket and Bali

“The OTAs have brought transparency to the hotel space, but there is absolutely no transparency in the market for villas,” explains Seah.In other words, they are hard to find, very few are doing it and nobody has – as yet – gained critical mass. While, things are changing though this represents one of the greatest opportunities in APAC.

2. Mobile: it’s massive and it’s mainstream

For Skyscanner’s Andy Sleigh, General Manager, APAC you simply can’t succeed in APAC unless you understand mobile and are prepared to take advantage of mobile growth in a region, where around a third of the 4-billion strong population have access to the mobile internet.

“We take a mobile first approach – it’s a no-brainer when your mobile traffic more than tripled as ours did last year,” he says.

Expedia could not agree more.expedia-logo

Says Traci Mercer, Vice President, Market Management – Asia Pacific at Expedia Lodging Partner Services: “Mobile is massive, mainstream and the marketplace for travel is – Now!”

With mobile as the mainstream medium, Mercer says Expedia will be considering what the next ‘well’ is for new customer acquisitions. Watch this space.

3. Where next for wearables…and the smart TV?

For Mercer the big question is: “As we play this forward [the fact that mobile is now mainstream], what do wearables and smart TVs do to commerce online?”

In APAC, Mercer points toa leapfrogging of the PC in favour of smartphones and tablets or ‘phablets’ and this, along with the emergence of low cost carriers, is creating a larger middle class and creating an abundance of new travel consumers. Of course, when it comes to wearables, we aren’t just talking Google Glass, and there is plenty of room for innovation on this front.

4. Keep it clean, simple and transparent 

What KAYAK has seen through continued growth in 2013 is that there are similar user preferences across its various regions, and if we are speaking of integrity, it’s important to be transparent too.

“Consumers across all regions prefer a simple, intuitive and clean user interface, comprehensive search results, a fast response time, transparency in pricing, and a seamless multi-platform experience,” says Debby Soo Vice President – APAC.

KAYAK believes it is able to take its widespread and deep experience with consumer preferences in the US and apply those lessons to markets like Europe and Asia.

via 2014: Is this the tipping point for online travel distribution in APAC? | Travel Industry News & Conferences – EyeforTravel.

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Content marketing key for travel businesses leveraging Google – TTG Asia – Leader in Hotel, Airlines, Tourism and Travel Trade News

Travel Distribution Summit Asia 2014, Singapore, May 29,

2014 TRAVEL companies must begin to think of themselves as content publishers to survive Google’s landmark shift to a semantic search algorithm.

Speaking yesterday at the EyeforTravel Travel Distribution Summit Asia 2014, Bronwyn White, director of MyTravelResearch.com, said: “Search is the one constant tool that travellers use in every stage of the path to purchase. “Semantic search is an algorithm that uses true meaning, intent and context to identify and prioritise websites with relevant content to the user.”

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Google (Photo credit: warrantedarrest)

Google now does this by drawing on a user’s personal information including geographic location, previous search history and social media behaviour. “Because search results are now highly personalised, we’re no longer chasing the holy grail of page one on Google, but people who are potentially really interested in what we say and do,” White noted. “If your content is likeable and shareable, Google says: ‘Hey! You must be an expert on your topic, we’ll trust you.’ Search engines will increase your authority ranking and will more likely present your page when users are looking for a related topic,” she elaborated.

When asked how travel companies should respond, White told TTG Asia e-Daily: “You’ve got to get the basics right. So make sure your website is structured right, your Google accounts are linked, your social media profiles all have the same website address associated with your company, so there is consistency in your social signals. “From there, just keep creating interesting content. Be clear about who your customer is and who you’re going to be talking to, then gear your content towards that. Create little personas.”

Talking about things that are related would also provide context and take advantage of the “serendipity of search engines”, she added.Companies that do not have the funds to conduct large-scale research could also drill down to a fundamental principle of the industry – talking to the customer. Said White: “There’s no harm asking your customers as they come through the door what they want to talk about, what interests them. “It’s not expensive and the thing is – there are a lot of unemployed journalists out there looking for work. There are also content marketing agencies, but for smaller operations, practise doing it yourself.”

It’s also important to know where the market is, she emphasised. “Where do your customers hang out on social media? Are they on Facebook, Twitter?” “For time-poor travel industry people, work on one platform. Get it right! Do one and engage properly rather than spreading yourself thin because that’s going to increase the quality of your content,” she advised.

via Content marketing key for travel businesses leveraging Google – TTG Asia – Leader in Hotel, Airlines, Tourism and Travel Trade News.

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Northstar Travel Media acquires Singapore’s Web in Travel – Travel Weekly

Northstar Travel Media, parent company of Travel Weekly, has acquired Web in Travel, a Singapore-based media company focused on travel marketing, distribution and technology.

Web in Travel is best known for its conferences on online travel distribution in the Asia-Pacific region. It currently produces Web in Travel conferences in Singapore, Dubai, Thailand, Indonesia, Japan and Australia.mam_114808_168630_Fancybox_900px

The acquisition of Web in Travel — which also produces e-newsletters, blogs and video channels — expands Northstar’s presence in Asia beyond the recent acquisition of Travel Weekly Asia, Travel Weekly China and Events China. Those brands and Web in Travel are part of the recently formed Northstar Travel Media Singapore.

With the addition of Web in Travel, Northstar now has face-to-face events in Asia to complement the newly acquired publishing brands serving the Asian travel trade.

Web in Travel’s flagship conference in Singapore explores online travel and the evolving trends in marketing, distribution and technology in the Asia-Pacific region.

Additional events include WIT Middle East, WIT Indonesia, WITX: Women In Travel, WIT Hospitality Roadshow and WITNext, a mentoring workshop for young professionals.

Web in Travel’s founder, editor and producer, Yeoh Siew Hoon, will report to Bob Sullivan, executive vice president of Northstar Travel Media. She will take on the additional title of editorial director for Northstar Travel Media Asia. WIT’s general manager, Gerry Pang, will continue to report to Yeoh Siew Hoon.

“The addition of Web in Travel is an important strategic move for our company and demonstrates our dedication to providing the best information from all parts of the world,” said Thomas Kemp, chairman and CEO of Northstar Travel Media. “We’re delighted to have such smart, talented people join our ranks and helping Northstar grow in the Asia-Pacific region.”

Hoon said, “The importance of staying on top of industry trends and changing technologies cannot be overestimated. By joining forces with Northstar, Web in Travel will be better positioned to provide clients with a global perspective on the changing tides of our industry.

“We are extremely excited to be united with Northstar Travel Media and optimistic that our partnership will create a powerful new information and media business serving Asia and China.”

via Northstar Travel Media acquires Singapore’s Web in Travel – Travel Weekly.

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The Rise of the Young Asian Traveller

pata logoUnderstanding the travel habits of ‘Asian millennials’ is essential to understanding the business, family, or senior traveller of tomorrow. That was the message from the PATA seminar, ‘The Rise of the Young Asian Traveller’ which was held March 5 at ITB Berlin. In a panel moderated by Peter Jordan, PATA In-house consultant, the audience heard from Pyung-sup Shin, Executive Director for Overseas Marketing of the Korea National Tourism Organization on the successful 2012 ‘Touch Korea Tour’ campaign and how it drew interest from thousands of potential young visitors from around the world. High-value Asian students studying in Europe were the focus of comments by Thibault Ruffat, Head of European Tourism for ChicOutlet Shopping. He emphasized that it was not just young Chinese visitors who were shopping in Europe, but Indonesian and Korean tourists too. Charlie Ballard, Director of Research for TripAdvisor, described how according to the company’s research, travellers from the Asia Pacific region were highly attracted to specific cultural attractions and the possibility of having fun. He also described how domestic travel was still high on the agenda for many travellers in Asia.

Ivy Chee, PATA Regional Director – East Asia, told the audience that PATA will continue to build its ‘Next Gen’ initiatives. Currently, 11 PATA Student Chapters have been established in Asia. The PATA Face of the Future award recognizes rising stars of the travel industry. In addition, the Association has launched the PATA Internship Associate Programme.

PATA is currently collecting data on the travel habits of young Asian consumers through an online survey, available online until March 21, 2014. The survey is available to complete in English, Chinese (Mandarin), Japanese, Korean and Thai. Participants can enter a draw to win great prizes, sponsored by Tourism Malaysia and Aloft Hotel – Sukhumvit 11 Bangkok.

The report on young Asians’ travel habits will be released this April.

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