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September 22, 2006

Forbes Aims New Site At The Rich & Travel-Happy

The luxury travel segment is ripe for online attention, and Forbes.com is seizing the opportunity.

ForbesTraveler.com officially launched yesterday as a standalone luxury travel site, designed “exclusively for the affluent, discerning traveler,” that allows users to plan and book “the world’s most distinctive travel experience,” according to a release.

The site features luxury hotels and resorts only; dining, shopping and other destination activity suggestions from top concierges; trip advice from travel agents, travel writers and CEOs; destination guides; and travel tools, such as Flight Tracker, Frequent Flyer Distance Calculator and Mileage Manager.

ForbesTraveler.com’s booking engine is powered by SideStep.

Forbes.com is optimistic about its venture into luxury travel, a segment that is booming online, the company pointed out: A recent trend report from Guideline Research found that amongst $100,000+ income households, 52 percent of travel spending is done online. Plus, MRI research has found that households that spent $3,000 or more on travel within the last year are more likely to use the Web than any other media (including newspapers, television or magazines).

August 29, 2006

Travelocity And Expedia Go Green

Two major online travel companies have launched programs that allow customers to exercise their “do-good” desires.

Travelocity introduced “Go Zero,” which allows customers to effectively “zero-out” or offset the carbon emissions generated by their flight, hotel or car rental through a donation to The Conservation Fund, Travelocity said in a press release. This donation goes toward planting trees, which absorb carbon dioxide.

The company offers carbon offsets as an option that customers can add during check-out when booking a vacation package on Travelocity.

Expedia.com offers a similar program that gives travelers the ability to purchase carbon offsets through TerraPass, a retailer of greenhouse gas reduction projects.

Expedia travelers can now pay a small fee to sponsor a measured, verified reduction in greenhouse gas emissions directly proportional to the emissions created by their plane flight. TerraPass funds domestic clean energy projects, such as wind farms, innovative "cow power" methane capture plants on American dairies, and the retirement of carbon offsets on the Chicago Climate Exchange, according to Expedia’s press release.

WHAT'S THE BUZZ? Do you know of any other companies promoting an environmentally conscious attitude? How and why?
Will this strategy become a growing trend...or just fizzle out when and if gas prices drop? Add your comments to this blog -- or e-mail "The Bureau" at kimberlyg@travelresearchbureau.com.

August 09, 2006

Sales & Marketing May Preserve Agents’ Relevance

Travel companies are beefing up their online storefronts to attract self-bookers, but that doesn’t mean travel agents don’t play an important role in booking travel products.

“Travel agents are the experts on finding the best travel solution and presenting it to the consumer in a way that makes them want to buy,” says Lee Rosen, president of agent technology solutions provider TRAMS.

But agents can’t rely solely on in-demand products or sophisticated technology to lure travelers and remain important to suppliers — they must become marketing and sales dynamos, Rosen asserts. Here’s how.

Tap Into Travelers’ Histories

The greatest value that travel agents bring to the table is their past experiences with their customers, Rosen notes. Each time a traveler books a trip with an agent, the agent learns another piece of crucial information, such as where the traveler has been, what type of trips he prefers, what level of accommodation he seeks, how much he wants to spend and what his family is like.

Key: Agents must mine that information and promote travel products that make sense for the traveler. As agents make the best matches between travelers and products, they build loyalty into their client relationships, Rosen says.

That loyalty is very lucrative to travel suppliers who want a full house or sold-out flight — which means that by leveraging their own experiences with travelers, agents become the key intermediary between a supplier and the customers their businesses hinge on.

Use Web To Manage Sales

Where agencies used to need elaborate management systems, now they can rely on the Web for rapid, efficient customer management — whether they’re managing customers, suppliers or other agents.

Rosen suggests that agents “use the Internet to retrieve customer and product information, distribute and track that information as well as store it in a customer database.”

By using the Internet to manage their clients, agencies also open themselves up for incentives from suppliers who use the Web to promote their products. For example, a hotel may offer agents a steep discount for steering a client to its Web site over its competitors — or for booking that hotel over all other hotels when possible.

Lesson Learned: Though agents used to be used a basic transaction processing tool, their real value today is in knowing the customers, creating detailed databases and influencing how and where consumers purchase their travel products, Rosen claims.

For more information about how agents can remain relevant in the online travel landscape of the future, check out the current issue of Travel Distribution Report.

June 25, 2006

Harteveldt Clears Up Online Travel Trend Confusion

Today's guest blogger is Henry Harteveldt, VP of travel research for Forrester Research. Harteveldt took a few moments to share his thoughts on the Conference Board's report that claims online travel has reached a two-year low:

It seems the Conference Board’s study may have overlooked some points that the travel industry itself is aware of:

a) Women tend to do more of the travel planning than men, unlike the results of the Conference Board study which stated the opposite to be true.

b) Most people make their travel plans before the summer, not during it. It’s almost July, so it’s likely that many travelers have already completed their summer vacation research by now.

c) And, finally, travel has not been thwarted by rising fuel costs. In fact, many flights are already sold out.

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