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Eastern Europe: OTAs Poised for Consolidation

By: PhoCusWright Connect

As Eastern Europe's online travel market heats up, a crowd of competitors is battling for position in the booming online travel agency (OTA) channel. The OTA market, with its scores of small, local players, is on the cusp of consolidation, according to a new PhoCusWright Global and European Edition report, PhoCusWright's Eastern Europe Online Travel Overview. While supplier websites dominate in Eastern Europe, the region's OTAs are gaining as they evolve their technology and inventory offerings. By 2013, 10% of the region's travel bookings will be made via an OTA, up from 7% in 2011. The OTA market is growing more than 25% annually, snapping up inventory from the fragmented hotel market and maintaining a sizable share of air bookings despite competition from supplier websites. Global powerhouses Booking.com (Priceline) and Hotels.com (Expedia) dominate outbound hotel bookings and together account for nearly 40% of OTA revenue in the region. The remainder is divided among a...

Date: August 2nd, 2012 @ 03:00

Categories: Independent Travel, Travel Industry News

This post was originally posted by PhoCusWright Connect @ PhoCusWright's FYI.
> Read the original post here
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