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Business /
Industry
"Orbitz
Worldwide" is a leading global online travel
company that uses innovative technology to enable
leisure and business travelers to research, plan and
book a broad range of travel products. Company own and
operate a strong portfolio of consumer brands, U.S.
brands have a base of nearly 48 million registered
users and more than 25 million unique visitors each
month.
Company's
major brands includes:
-
Orbitz,
-
CheapTickets,
-
ebookers,
-
HotelClub,
-
RatesToGo
-
The
Away Network
Corporate
travel brands
-
Orbitz
for Business and
-
Travelport
for Business.
Company
provide customers with access to a comprehensive set
of travel products, including air, hotels, vacation
packages, car rentals, cruises, travel insurance and
destination services from over 80,000 suppliers
worldwide.
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Business/Industry
outlook
The
worldwide travel industry is a large and dynamic market.
Aggregate gross bookings in the global airline, hotel,
vacation package, car rental and cruise industry were
approximately $900 billion in 2005. Approximately 75% of
global travel gross bookings are currently made in the
U.S., Europe and the Asia Pacific region. The World
Travel and Tourism Council expects total travel and
tourism dollars spent in the Asia Pacific region, the
U.S. and Europe to grow annually 10%, 6% and 6%,
respectively, for the five year period between 2005 and
2010.
The
table below indicates the size, growth and penetration
of online travel by region and in total for 2005
through 2008, according to PhoCusWright Inc., and
includes leisure and business travel:
|
Online
Travel Gross Bookings (dollars in millions) |
|
2005 |
2006 |
2007E |
2008E |
|
U.S
$ |
|
93,806 |
116,262 |
139,359 |
163,315 |
|
Europe |
|
40,208 |
56,564 |
76,002
|
97,975 |
|
Asia
Pacific region |
|
17,100 |
22,900 |
30,300 |
39,900 |
|
Total |
|
151,114 |
195,726 |
301,190 |
245,661 |
|
Online
Travel Growth |
|
U.S |
|
27% |
24% |
20% |
17% |
|
Europe |
|
47% |
41% |
34% |
29% |
|
Asia
Pacific region |
|
35% |
34% |
32% |
32% |
|
Total
|
|
32% |
30% |
26% |
23% |
|
Online
Penetration(1) |
|
U.S |
|
41% |
47%
|
54%
|
59% |
|
Europe
and the Asia Pacific region |
|
13% |
17% |
23%
|
29% |
|
Total |
|
22% |
28% |
34% |
40% |
(1)
Online penetration
represents the percentage of travel bookings made
online.
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