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Online Maturity Spurs Fierce Competition in Australia-New Zealand Travel Market

By: PhoCusWright Connect

Online travel in the Australia-New Zealand (ANZ) market continues to grow at an impressive pace, according to a new Global and Asia Pacific Edition report from PhoCusWright. By 2013, ANZ's online leisure and unmanaged business travel market will comprise 41% of the total travel market, up from 36% in 2011. PhoCusWright's Australia and New Zealand Online Travel Overview Fifth Edition: Surges & Slowdowns reveals that ANZ online leisure and unmanaged business travel gross bookings grew 13% in local currency in 2011 (surging 27% in U.S.-dollar terms). PhoCusWright projects ANZ's online travel market will continue to grow by double digits through 2013 – at almost twice the pace of the overall travel market. "Australia-New Zealand's consolidated air market may account for a big piece of the region's online travel market, but it is the more fragmented lodging and intermediary arenas that are really heating up," said Douglas Quinby, PhoCusWright's senior director, research. "As...

Date: June 7th, 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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