Recent Stats for the Hospitality Industry

Blizzard Associate | 15 August 2005 |

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Merrill Lynch forecasts high revenue for Travelocity
The online travel sector is set to grow, as Merrill Lynch predicts excellent revenue for Travelocity and Cheaptickets for 2005 and 2006. Online travel agency revenue will reach $27.7 billion in the U.S. in 2005, and account for an estimated 30% in the total travel market, according to the company.

Latest Pet Friendly Travel Statistics Reported By BringYourPet.com

Report: Business travel budgets on the rise
Runzheimer International consultants said 43% of the organizations it surveyed increased their 2005 business travel budgets, citing higher prices, more trips and more domestic travelers. A majority reported a 2004 expenditure increase.

Online advertising to skyrocket, study says
News.com - Leading the surge will be search engine marketing, which is expected to increase at a compound annual growth rate of 12 percent…

June online travel spending hits $5.1 billion
Americans kicked off the summer travel season in a big way, spending $5.1 billion at online travel sites in June — a 25% increase over the same month in 2004, according to comScore Media Metrix. Hotel and resort Web sites saw 34.9 million visitors, and 10.6 million visited ground tour or cruise Web sites.

JupiterResearch / Jupitermedia Corp. (07-28-05) Finds 57% Of Online Travelers Feel Empowered By Travel Research