Challenging environment ahead for the travel industry
October 16, 2008 |
The outlook for the rest of 2008 seems bleak for the airlines and travel industry, and 2009 doesn?t seem much better. While many agents hope that leisure travel sales will remain strong, the airlines face tough challenges - including high fuel costs.
Adding to the concern of agents are promised airline capacity cuts and weaknesses in the economy. Compounding the problems is the multibillion-dollar federal bailout of Wall Street now underway, which falls in the midst of a tough national election cycle.
Storytelling that drives direct hotel bookings Yahoo! TimeTraveler: a travel app based on Flickr images TripAdvisor’s City Guide launches 30 new destinations Optimizing your hotel’s distribution strategy by channel Focus in lodging recovery has turned to pricing How to use discounts in online marketing Social and mobile impact on travel sales ‘overhyped’ Mobile travel searches most often related to transportation Google updates travel research library 8 ideas for improving your hotel’s Facebook timeline presence Mobile marketing small but growing Advanced social media - amateurs and agencies need not apply The change in hotel search Can Hertz shake up car sharing? Travel forecasts predict summer gains, fall uncertainty
The airlines will lose $5.2 billion in 2008, in part due to slowing demand and high oil costs, according to revised estimates by the International Air Transport Association (IATA). ?The situation remains bleak. The toxic combination of high oil prices and falling demand continues to poison the industry?s profitability,? says Giovanni Bisignani, IATA?s director general and CEO.
While some regions will show small profits, IATA says, the negative impact of the industry crisis is universal. North American carriers are expected to post losses of $5 billion in 2008, making them the hardest hit by the industry crisis.
Get the full story at Travel Agent Central
Latest Industry News
25 May, 2012 | Hotel Marketing
25 May, 2012 | Online Travel
25 May, 2012 | Online Travel
25 May, 2012 | Hotel Marketing
25 May, 2012 | Hotel Marketing
25 May, 2012 | Online Marketing
24 May, 2012 | Hotel Marketing
24 May, 2012 | Hotel Marketing
24 May, 2012 | Hotel Marketing
24 May, 2012 | Hotel Marketing
24 May, 2012 | Online Marketing
24 May, 2012 | Online Marketing
23 May, 2012 | Hotel Marketing
23 May, 2012 | Online Travel
23 May, 2012 | Hotel Marketing
Most Popular Articles
The change in hotel search
23 May, 2012 | Hotel Marketing
Beyond listening: 3 ways to be more responsive to social media feedback
21 May, 2012 | Hotel Marketing
China to surpass US as largest business travel market by 2015
22 May, 2012 | Hotel Marketing
Simplehoney, Pandora for hotel booking
21 May, 2012 | Online Travel
Email marketing: 7 mistakes not to make
22 May, 2012 | Online Marketing
TripAdvisor grows while countering problems
21 May, 2012 | Hotel Marketing
More on TripAdvisor’s challenge with genuine reviews
22 May, 2012 | Hotel Marketing
8 ideas for improving your hotel’s Facebook timeline presence
24 May, 2012 | Hotel Marketing
Social and mobile impact on travel sales ‘overhyped’
24 May, 2012 | Hotel Marketing
According to Orbitz, 77 percent of Americans have summer travel plans
22 May, 2012 | Hotel Marketing
Latest Company News
Availpro launches its new Direct Click Manager service
11 May, 2012 | Hotel Marketing
SiteMinder receives $5 Million investment to fund global expansion
10 May, 2012 | Hotel Marketing
RateGain awarded qualified vendor status with Choice Hotels International
10 May, 2012 | Hotel Marketing
eRevMax expands its India presence with new office in Bengaluru
10 May, 2012 | Hotel Marketing
Lodging Interactive launches website analytics & social tool
10 May, 2012 | Hotel Marketing
Pegasus launches RezView Intelligence
26 Apr, 2012 | Hotel Marketing
HSMAI Revenue optimization conference to focus on RM evolution
27 Mar, 2012 | Hotel Marketing
De Vere partners with SiteMinder
27 Mar, 2012 | Hotel Marketing
Lodging Interactive launches website analytics & social tool
27 Mar, 2012 | Hotel Marketing
How good is your hotel’s social media?
21 Mar, 2012 | Hotel Marketing
TravelClick launches Rate360
29 Feb, 2012 | Hotel Marketing
Appnostic partners with GoMio
29 Feb, 2012 | Hotel Marketing
SiteMinder predicts trends for online hotel distribution for 2012
29 Feb, 2012 | Hotel Marketing
Hotels4u.com added to RateGain’s channel management solution
29 Feb, 2012 | Hotel Marketing
Availpro and EasyRMS come together to boost hotel revenue
08 Feb, 2012 | Hotel Marketing
E-Mail Newsletter
Visit our sponsors:
