
- Reservations / Online Pricing / Booking Engines
- Online Group Travel Bookings - Small Groups Offer Big Opportunities
According to recent Group Travel Research conducted by PhoCusWright, the total groups and meetings market is projected to be $175 billion in gross bookings by 2008, of which hotels can expect $34.3 billion. Among the baby boomer generation, leisure travel alone has increased by 25 percent since 2003, according to a report in USA Today. Generation X, though smaller in numbers, is making up the dollars spent difference by spending more per trip than wealthier baby boomers. In 2004, Xers, the 60 million Americans aged 25-40, spent an estimated $2,140 per capita on travel involving a hotels stay, versus the boomers' $2,016, according to travel research firm D.K. Shifflet & Associates. This generation of savvy, well-funded travelers is also more likely to go online to research and book their group getaways. After all, this is a generation used to booking their individual travel on websites such as Travelocity and Orbitz or hotel and airline websites. It's highly unlikely that those weaned on online travel sites will change gears when it comes to researching and booking their group travel. READ MORE