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As we go into 2014, it is becoming more and more evident tha the woes of the economic downturn of recent years may at long last be behind us.
Steady growth now seems to be the order of the day according to our politicians, and optimism around our industry is consequently on a high. The other thing that is evidently clear is that mobile is now very much dominating the travel distribution agenda with many travel companies reporting phenomenal growth in mobile booking numbers during the last half of 2013. According to a site called statisticbrain.com which amasses statistics from around the globe, the percentage of same day hotel reservations made via a smartphone now stands at 65%. It also reports that internet travel booking revenue has grown by a staggering 73% over the past five years with the biggest growth coming from mobile devices.
Another interesting fact is the number of people accessing the internet via a mobile phone which has increased by 60.3% to 818.4 million in the last two years alone. So take note: access to information, speed of information and secure automated payments via mobile devices are going to be true game changers for all of us going forward into this year!
As far as TTI's activities in the last quarter of 2013 were concerned we once again held a very successful event, in conjunction with World Travel Market, on Monday 4 November entitled 'The WTM Travel Innovation Summit'. Over 200 delegates attended the session which is one of the biggest turn-outs at a TTI event ever. Presentations from this event are now available to download from our website. We also hosted a very special dinner that evening together with our partners at GIATA, to celebrate the success of our TTIcodes initiative. I was personally delighted to meet many of our new TTIcodes customers who are now reaping real benefits as a direct result of signing up to this invaluable resource which continues to go from strength to strength. More on how we are doing with this initiative can be found on our website and here in the newsletter.
Looking ahead to TTI's programme of events for 2014, we will kick-off by exhibiting at the Travel Technology Europe show on 4 & 5 February. Our stand number is T147 so be sure to pop by and say hello. We will also be speaking in the Live Theatre at 14:45 on the second day to update everyone on our latest projects, including an update on how we are doing with the TTIcodes initiative.
In terms of our projects, we are still considering an initiative around standards for locales using Polygons and are currently looking at revamping our RESCON standard (originally written in Edifact) to allow agents and operators to import bookings via a new simple API or XML solution. If any of you have an interest in either of these initiatives, then please let Liz know as it would be good to have you working with us in the Project Management working group.
So, to new and old TTI members alike, welcome to another exciting year with TTI and e-travel distribution as a whole. I trust that business is good for all of you at present and that the future is looking prosperous. I for one look forward to catching up with you at one of our events during the year and to making 2014 yet another great year for TTI.
Check out the special rates for our Partner Event
Please note that the new address for TTI is:
22 Green Court
All other details remain the same
Read our Newsletter - dated May 2014
Are you interested in being involved in TTI projects and meetings? Or want more information on existing projects and new developments?
If so, contact Liz either on firstname.lastname@example.org or ring her on 0871 244 0747
Are you aware that, as a TTI member, you can promote your Company and its products on the TTI Members Showcase? This is a free service for Members. Ask Liz for details and take advantage of this marketing opportunity.