Analyst Insight by Wouter Geerts - Travel Analyst
As the lodging industry is bending over backwards to keep up with consumer demands and the latest technologies in the sharing economy, the traditional concept of timeshare is at risk of becoming outdated. Timeshare developers were one of the first advocates of the sharing economy in the lodging sector, as their product offers the sharing of a holiday home, but the original long-term contracts for a specific period each year is an unattractive prospect for a growing group of consumers looking for new, exciting and authentic experiences every time they travel.
Tech-savvy Millennials are an increasingly lucrative target group, and timeshare developers and managers are investing to enhance and market the positive aspects of timeshare to attract these consumers. Increasing interventions from the industry demonstrate that short-term contracts and lifestyle brands are changing the industry positively, and could save the timeshare concept.
Continue reading "Looking Below the Surface: Millennials as Timeshare’s Saving Grace" »
Event Name: ITB Asia 2015
Location: Marina Bay Sands Expo and Convention Centre
Event Description: ITB Asia is a annually held three day B2B trade show and convention for the travel industry; it is designed to become the primary event for the Asia Pacific travel industry, much like its parent event – ITB Berlin. Now in its eighth year in Singapore, ITB Asia will taking place at Marina Bay Sands. It is organised by Messe Berlin (Singapore) Pte Ltd and supported by the Singapore Exhibition & Convention Bureau.
Presentation Topic: The New Online Traveler in Asia
Continue reading "Euromonitor to Speak at ITB Asia 2015" »
Analyst Insight by Angelo Rossini - Online Travel Analyst
In 2014, we saw increasing consolidation in the online travel agency sector, with Expedia and Priceline dominating it thanks to organic growth and acquisitions. Both companies achieved gross bookings of over US$50 billion in the past year. Expedia strengthened its leading position in North America through the Travelocity acquisition and is expected to grow further in this region in 2015 following its Orbitz acquisition, which is likely to be approved by the antitrust authorities. On the other hand, Priceline recorded strong organic growth worldwide, especially thanks to the continuous success of its Booking.com subsidiary.
The dominance of these two companies in the OTA sector could, however, be challenged in the next few years by new emerging players, including technology companies, generalist retailers and Chinese online travel agencies.
Top Global Online Travel Agencies by Value Sales: 2013-2014
Source: Euromonitor International
Continue reading "OTA Sector Between Increasing Consolidation and the Possible Rise of New Key Players" »
Analyst Insight by Shabori Das - Senior Research Analyst
Vistara is a new airline launched in January 2015 by Tata Sons and Singapore Airlines. The new airline is a premium player that will provide a three-tier system of pricing, which is new to the Indian aviation industry. With the launch of Vistara, the Indian aviation industry will witness an increase in the number of people travelling by air as the fleet size will increase, along with connectivity across major and minor cities, which will help to move traffic faster. However, this will definitely impact the load factor of other airlines, which is expected to go down. The duopoly of the scheduled airlines will also be challenged due to the new pricing system being offered by Vistara.
Vistara’s USP lies in its pricing strategy
The airline is the first in India to provide scheduled services with a three-tier fare system. The pricing strategy is similar to international airlines such as Virgin Atlantic and Cathay Pacific. This is expected to attract incoming tourists and corporate tourists – both domestic and international. The other two scheduled airlines continue to have only business and economy class in their pricing structures. Vistara, on the other hand, offers economy, premium economy and business class tickets. The pricing is quite different for each class, which is evident from the table below.
Continue reading "Vistara – a New Star in the Indian Sky?" »
Listen as MP3
This podcast examines the performance and future strategies for LATAM Airlines based on the recently released Q1 results statement. Memership in the OneWorld Alliance will help the company strengthen it's international network, giving it strength beyond being the leading regional player. Additionally, updating its fleet of aircraft will help move the company into a more competitive position. Listen to the podcast for complete insights.
Continue reading "LATAM Airline's Strategic Objectives and Challenges" »