By Ram Badrinathan The Singapore government’s decision to invest US$ 225 million in Travelport for a 7% stakes seems to be completely out of the blue and has taken travel industry analysts by surprise. The Government of Singapore Investment Corp (GIC) has been a traditionally conservative portfolio management company managing more than a billion dollars owned and run by Singapore elite including...
Over on PhoCusWright Connect we have covered mobile as the next platform for travel and in earlier posts also taken a look at some of the top iPhone Apps for travel. Some of them like Yelp and Metro Paris have recently started to feature augmented reality. Metro Paris was, according to some, the first of its kind for download on the iPhone App store. It is certainly a good example of what these apps...
Business travel is a key driver of revenue generation and business is fueled by relationships; there is no replacement for face-to-face meetings and conferences when it comes to generating new and repeat business. The business travel market is currently facing huge challenges. PhoCusWright expects corporate travel to decline 15% in 2009. Travel budgets are facing reductions and political pressure....
The OpenTravel Alliance is the first travel, tourism and hospitality industry association to announce its support of the TRAVDEX™ industry summit, which will bring together executives from the travel industry for business networking and deal-making sessions beyond the buyer-seller interactions of the TRAVDEX™ trade show. Here’s what the leaders of the OpenTravel Alliance and PhoCusWright...
Last week innovation in the travel industry was addressed in a number of posts over on PhoCusWright Connect. The debate has started about whether there is a lack of it or not when it comes to functionality and features improving the customer experience during the trip planning and research phase and how often confusing pricing models and hidden fees affect consumer perceptions and the experience of...
