ENN - Electric News.net
Free e-mail alerts & newsletter - Sign up here
Free e-mail alerts & newsletter - Sign up here
Edit your alerts
News
   CORRECTIONS
Survey
Let us know how to make ENN better!
Take our reader's survey.
UTV_AD Adworld

Face to Face: Cyril McGuire, CEO Trintech
At its height, Irish payment security company Trintech was valued at around USD4.5 billion and its sibling founders Cyril and John McGuire were worth USD650 million apiece. Since those heady days the company's shares have lost 99.5 percent of their value and a recent four for one split did little to boost prices. Trintech's new CEO Cyril McGuire talks Face to Face with Matthew Clark about the firm's past and future.
More here

 

::E-COMMERCE

Travel industry embraces the Web
Friday, March 02 2001
by Matthew Clark

Send story to a friend
Print this story
The hotel, travel and holiday industries are using the Internet both as resource to contact on-line consumers and as a product to entice potential customers.

In survey published by Amarach Consulting in October of 2000, nearly four in ten consumers who made purchases on-line purchased travel services, representing 39 percent of the 1000 individuals questioned. Travel came second to books in the survey.

Almost all aspects of the travel industry have capitalised on the ability of the Internet to reach the consumer, including airlines, travel agents and housing accommodation companies.

Last month Ryanair reported that 65 percent of its bookings were through its Web site at Ryanair.com.

Bord Failte's Web site has had 5.2 million hits since it launched in 1996, however 2.6 million came in the last year, according to Damien O'Brien, on-line marketing and communication manager for Bord Failte. "Any property in Ireland would theoretically be registered with us," he said. Which means that consumers should be able to book any accommodation in Ireland on-line.

This year Michael Stein Travel launched its Web site at www.e-travel.ie, which lets users book holidays on-line. Barbara Wallace, Web site co-ordinator for Michael Stein Travel cites convenience as the primary reason for the popularity of the company's site.

"A lot of them wouldn't have the facility that you can book on-line...but there catching up on us fast," Wallace said in regard to other off-line travel agencies in Ireland that have Web sites.

According to a report in the Irish Independent, Michael Stein spent close to IEP0.5 million on the site.

Wallace said it was difficult for the company to estimate the impact of the site on the company's sales because many customers find the holiday they want and book it over the phone rather than on-line.

Lynch Hotels is looking to establish itself on-line with the introduction of its second Web site, Whichotel.com, due to launch this spring. Lynch Hotels is located in Ennis, the Information Age Town, and the Web site is expected to offer consumers the ability to book accommodation on-line.

The Internet seems to have been a powerful tool for the travel industry and now the industry is using Internet access as a service it can market alongside pool access, free meals, complimentary local calls or cable television.

Airlines around the world have been devising different methods for consumers to get on-line while in flight and more recently hotels are trying to find different ways to do the same.

Internet Ireland, the ISP and network consultancy company, was recently awarded the Irish Hotels Federation (IHF) Innovation Award for its product, NetHotel.

NetHotel is a solution for hotels that wish to offer visitors on-line access. It is the hardware and software the hotels need and it allows access via laptops or televisions and only requires a cable TV system to work. According to a spokesman for Internet Ireland, the system cost hotels between IEP500 to IEP1,000 for installation. The company has already installed the system in the Fitzwilliam Hotel and expects more installations in the coming weeks.

"What was a basic requirement for sophisticated travellers is becoming a basic requirement for basic travellers," said Mary Fitzgerald, president of the Irish Hotel Federation. She also said the system will be a revenue generator for hotels and she expects it to become an industry standard.

:: Discuss this story - Click here

    :: MORE NEWS from E-COMMERCE

    Search
    Powered by The CIA
    Designed by Redmoon media

     

    © Copyright ElectricNews.Net Ltd 1999-2002.