Reflections & analysis about innovation, technology, startups, investing, healthcare, and more .... with a focus on Minnesota, Land of 10,000 Lakes. Blogging continuously since 2005.

Tag: online travel (Page 2 of 2)

Turning Tourists Into Travelers

Just heard a speaker I have to blog about: Rod Cuthbert, CEO of Viator — an Aussie surfer who gave a really great talk (easily the best so far this first day). There’s a difference between the terms “tourist” and “traveler,” said Rod, who splits his time between Bondi Beach, Sydney, and his company’s US office in San Francisco. Viatorbanner “Travelers want to experience their destination, not just visit it,” he said. “They want to understand the local culture.”

Rod’s firm (the name is Latin for traveler) was actually founded in 1995, so he’s been coming to this conference for many years. It fits — Aussies are some of the world’s biggest travelers. Viator raised an additional $6 million in Series B financing a year ago, led by Carlyle Venture Partners, with participation by Technology Venture Partners, putting the total the firm has raised at $10 million.

Rod said that most important thing when people travel is what they plan to do when they get there — destination activities — not the “mechanics” that so much of the travel industry is focused on (flights, hotel rooms, rental cars). “Teach your customers the ‘Art of Travel’,” he said, referring to the title of a book he recommends.

“Getting people hooked on travel is perfectly legal,” he said. “And true travelers will travel even when prices are high. They need to! They generate more revenue for you.” In the on-stage interview following (see photo), he talked about the “power of anticipation” and how travel sites need to appreciate this mentality of the true traveler. Viatorrodcuthbert_1

Viator is a comprehensive online resource for travelers to plan “the things you do when you get there,” featuring more than 4,500 destination activities in 450 cities in 75 countries. It helps travelers with a variety of tastes and preferences to research, plan, and book their trips. The company has 3,500 affiliates, including Priceline, Travelocity, Opodo.com, SideStep, Zuji, AirFrance.com, and Wyndham Hotels & Resorts, and is headquartered in San Francisco, with offices in Sydney and London.

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Travel 2.0: ‘Social Networking Floodgates Have Opened’

So said Phil Wolf, CEO of PhocusWright, in kicking off his firm’s 13th annual executive travel conference. “Travel 2.0 is soon to become accepted practice. Last November, we celebrated Travel 1.0’s swan song. It started in ’95 was dominated by price,” he said. “Now we have other factors like consumer collaboration, recommendations from friends, and friends of friends.” Of the price factor, he made a significant point: “It’s now about complete transparenecy in data and pricing — which is code for ‘truth’.”

Wolf noted that ony 10% of online travelers now belong to an online community site to help them plan their trips. But he ended his opening remarks with this prediction: “Interaction with others will expand exponentially.”

I thought the bump music that came up loud at this point hit the mark: “Break on Through to the Other Side” by The Doors…who, incidentally, became famous not far from here. [Jim Morrison, you still rock…]

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Early Notes from the Travel 2.0 Conference

Well, the sun’s not up yet in Tinsel Town [no, I haven’t been up all night!], but I thought I’d do a quick blog post before I get to the opening session. After stopping to have lunch yesterday with PureVideo Networks in El Segundo on my way up the 405, I made it to the very crowded, gleaming Renaissance Hollywood Hotel (near the Hollywood Bowl) yesterday about 2:00 for registration at PhocusWright’s annual travel-industry confab. What a mob! Close to 900 turned out, huge lines, and the hotel was sold out weeks ago. Other press in attendance includes BusinessWeek, Reuters, USA Today, The Internet Traveler, and about 16 travel-industry press. Blog coverage? Some press may be blogging live, but I appear to be the only pure blogger listed. I would have expected more at an event that’s largely about how Web 2.0 is affecting travel. Well, I’ll try to uphold my end of things…

I see sponsors of the event include Google (14 people here), Yahoo (16), and AOL (7). Also having good representation, as one would expect, are mega travel powers American Express (24), as well as Minneota’s own Carlson Companies (5), which includes folks from Carlson Leisure Travel, Carlson Hotels, and Carlson Wagonlit Travel, whose CEO is speaking this morning.

Why so much attention focused on travel? Well, I’m learning it’s one humongous space. The event’s producers call it “the world’s largest industry,” and I see Jupiter Research just released projections that would appear to back that up. It says online travel will hit $85 billion this year, and $128 billion by 2011. That big enough for ya?

Stand by for my onsite posts. The wi-fi here appears to be good.

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