Thursday, January 20, 2005

European online travel sales outstripp US

Internet Travel News - High Street Out of Sync with Internet Explosion: "As big retailers such as Woolworths and Marks & Spencer announce disappointing Christmas profits, the webs e-commerce giants including eBay and Amazon anticipate unprecedented sales figures. But research shows it is the travel industry taking the largest pioneering steps.

European online travel sales finally outstripped the US this Christmas and the UK public represent 36% of the buying power. Forrester Research also noted that for the first time, more affluent shoppers have come online to purchase holidays and spearhead an incredible 44% increase in 2004....

Companies like cheapestflights.co.uk thrive on high speed, fully backed up GraphiterackTM servers"

After some discussion of Cheap flights and a trad High Street agent the article concludes "the e-revolution gathers momentum...UKFast predict that as travel sites get more sophisticated and the public confidence grows the high street will suffer major casualties"

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