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Friday, April 17, 2009

Travel search engine

Travel remains the single largest component of e-commerce according to Forrester Research, a consulting firm in Cambridge, Mass. But despite the dominance of such online travel agency heavyweights, most users consult multiple Web sites when shopping online for travel. The average consumer visits 3.6 sites when shopping for an airline ticket online, according to PhoCusWright, a Sherman, CT-based travel technology firm. Yahoo claims 76% of all online travel purchases are preceded by some sort of search function, according to Malcolmson, director of product development for Yahoo Travel. The 2004 Travel Consumer Survey published Jupiter Research noted that "nearly two in five online travel consumers say they believe that no one site has the lowest rates or fares." Thus a niche was created for aggregate travel search which seek to find the lowest rates from multiple travel sites, obviating the need for consumers to cross-shop from site to site.

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