New book by Larry Connors Click here Improve your trading - See how
The report also highlights the affordability of several European destinations this summer, as well as the best value U.S. destinations and tips for saving money on car rentals.
"Summer vacations have never been more affordable," said Tim MacDonald, general manager of Expedia.com. "With year-over-year price reductions on flights, hotels and vacation packages in destinations worldwide, many Expedia(R) customers are taking advantage of these values by extending the length of their vacations."
The complete Expedia Travel Trendwatch can be found at www.expedia.com/tips. Key highlights from this issue include:
1. Economic Climate Affects Customer Booking Patterns
-- In order to stimulate demand, many hotels are offering
complimentary nights and other promotions, and some consumers
are leveraging this value to extend their vacations. According
to a survey of Expedia.com customers, 34 percent of summer
vacations planned this year are four to six days in length,
compared to 26 percent last year.
-- Expedia.com booking data shows that the booking window is
shrinking, and consumers are increasingly booking closer to
their travel dates. In fact, Expedia.com has seen an increase in
trip purchases in the seven- to 13-day out booking time frame.
-- Travelers are also increasingly purchasing trip insurance to
ensure flexibility in their travel plans; there was a 12 percent
increase in trip insurance purchased with airfare on Expedia.com
for summer travel this year.
2. Europe is Affordable Again
-- Due to reductions in the cost of jet fuel and the strengthening
of the U.S. dollar, the European vacation is again within reach
for many travelers. Compared to last summer's prices, average
airfares to major European destinations have dropped for summer
2009 travel: London declined 23 percent, Paris declined 27
percent and Rome declined 26 percent.
Hotel prices this summer, compared to last summer, have also
dropped across Europe: average daily rates (ADRs) in Barcelona
are down 35 percent, ADRs in Rome are down 23 percent and ADRs
in London are down 25 percent.
3. Tips: Saving on Car Rentals
-- Book Together & Save: Adding a car rental to a vacation package
(flight + hotel) could mean savings of up to 30 percent off
retail rates.
-- Book Early: Reserve a car early and check back often for lower
prices - on Expedia, there are no change penalties.
-- Search Thoroughly: Sometimes a larger car class can be less
expensive in a certain location based on the company's
inventory. Take the time to review multiple car types while
you're searching - you might be pleasantly surprised with what
you can fit into your budget.
The data included in the quarterly Expedia Travel Trendwatch is just a sampling of current consumer travel trends. For more information or regional statistics and trends, please contact us at http://press.expedia.com/.
About Expedia.com
Expedia.com is the world's leading online travel site, helping millions of travelers per month easily plan and book travel. Expedia.com (http://www.expedia.com/, 1-800-EXPEDIA) aims to provide personalized service, the latest technology and the widest selection of vacation packages, flights, hotels, rental cars, cruises and in-destination activities, attractions, and services. With the Expedia Best Price Guarantee, Expedia.com promises to offer to its customers the best rates available online for all types of travel. Expedia.com is an operating company of Expedia, Inc. (Nasdaq: EXPE).
Expedia, Expedia.com, Trendwatch, Expedia Travel Trendwatch and the Airplane logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. Other logos or product and company names mentioned herein may be the property of their respective owners.
(C) 2009 Expedia, Inc. All rights reserved. CST: 2029030-40
SOURCE Expedia, Inc.
http://www.expedia.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.