03.11.2005 13:40:00
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JupiterResearch Forecasts the U.S. Online Travel Industry Will Reach $104 Billion by 2010
"We are seeing strong increases in revenue across all segments ofthe online travel industry," said Diane Clarkson, Analyst atJupiterResearch. "Higher fuel costs will remain a major challenge forthe travel industry in the near future, as the industry struggles tocompensate for additional costs while remaining price competitive,"added Clarkson.
Supplier Web sites continue to represent the majority of onlinetravel sales, capturing 56% of online travel revenue in 2005. Travelsearch engines such as SideStep and Kayak remain relatively new andhave not yet gained sizeable traction. Supplier Web sites have not yetseen their sales significantly impacted by these search engines.
A major driver of the overall growth is business travel, which isexpected to grow substantially. Increasingly sophisticated managedbooking tools and increased business traveler compliance with companybooking policies will spur the online managed business travel marketto reach $31.5 billion by 2010, up from $15.1 billion in 2005.
"We expect the online travel market to continue its strong growthover the next five years and to represent 34% of all travel spendingin 2010," said David Schatsky, Senior Vice President of Research atJupiterResearch. "The online share of total travel spending in theU.S. is quite high and its lower distribution costs are an importantfactor in holding down expenses for the travel industry," addedSchatsky.
The complete findings of this forecast are immediately availableto JupiterResearch clients online at www.jupiterresearch.com. For moreinformation on the forecast or JupiterResearch's Travel researchservice please contact Kieran Kelly, Vice President of Global Salesand Client Services at 1-800-481-1212 orresearchsales@jupitermedia.com.
About Jupitermedia Corporation
Jupitermedia Corporation (Nasdaq: JUPM), (www.jupitermedia.com)headquartered in Darien, CT, is a leading global provider of originalinformation, images and research for information technology, businessand creative professionals. Jupitermedia includes JupiterImages, oneof the leading images companies in the world with over 7.0 millionimages online serving creative professionals with brands likeBananaStock, Brand X, FoodPix, Botanica, Nonstock, Comstock Images,Creatas Images, PictureQuest, Liquid Library, Thinkstock Images,Thinkstock Footage, Goodshoot, Photos.com, Ablestock.com,PhotoObjects.net, Clipart.com and Animations.com; and JupiterWeb, theonline media division of Jupitermedia which operates four distinctonline networks: internet.com and EarthWeb.com for IT and businessprofessionals; DevX.com for developers; and Graphics.com for creativeprofessionals. JupiterWeb properties include more than 150 Web sitesand over 150 e-mail newsletters that are viewed by over 18 millionusers and generate over 300 million page views monthly. Jupitermediaalso includes: JupiterResearch, a leading international researchadvisory organization specializing in business and technology marketresearch in 18 business areas and 14 vertical markets.
"Safe Harbor" Statement under the Private Securities LitigationReform Act of 1995: Statements in this press release which are nothistorical facts are "forward-looking statements" that are madepursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. Such forward-looking statements involverisks and uncertainties that could cause actual results to differmaterially from those described in the forward-looking statements. Thepotential risks and uncertainties address a variety of subjectsincluding, for example, the competitive environment in whichJupitermedia competes; the unpredictability of Jupitermedia's futurerevenues, expenses, cash flows and stock price; Jupitermedia's abilityto integrate acquired businesses, products and personnel into itsexisting businesses; Jupitermedia's dependence on a limited number ofadvertisers; and Jupitermedia's ability to protect its intellectualproperty. For a more detailed discussion of such risks anduncertainties, refer to Jupitermedia's reports filed with theSecurities and Exchange Commission pursuant to the Securities ExchangeAct of 1934. The forward-looking statements included herein are madeas of the date of this press release, and Jupitermedia assumes noobligation to update the forward-looking statements after the datehereof.
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