Web-based agency

Published: 29 October 1999 y., Friday
Business is booming for Web-based travel and reservation services like Priceline.com and Travelocity. And market analysts say itPs a trend that_s likely to continue. By 2004, $34 billion of travel business will be transacted on the Web, according to Forrester Research, a market research firm based in Cambridge, Mass. The rapidly changing face of the travel industry has forced even successful traditional operators to rethink their business strategies. In 1982, Michael Brent established and quickly built an international franchise network of travel agencies. But sensing the Web boom, Brent, president and chief executive of Travel Network, and his executive vice president, Stephanie Abrams, recently merged their Englewood Cliffs-based firm with a publicly traded company, giving them the capital to build a powerful cyberspace presence. Now called Etravnet.com, the company is helping its franchisees around the world -- which continue to use the Travel Network name -- develop and maintain on-line reservation services, in addition to providing traditional service.Travel Network basically takes people who have no experience in travel, trains them in a five-week training program, and finds them a location to build a store to the specifications that they have designed over 18 years. It costs $30,000 to buy the franchise, which is a license and training. Then it costs about $15,000 for them to build a location, fully furnished and turnkey. Total, there are 380 units domestically, and the balance are overseas. Based on surveys done by third-party publications, they are the leading franchiser of start-up agencies in the United States. The agency receives an interactive Web site, which has booking engines so their customers can go on the site and do full bookings. The consumer can go to travelnetwork.com and find the Web site for a travel agency location that_s convenient for them.
Šaltinis: Bergen Record Corp.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Europe's 'last dictator' flexes iron fist

Belarus President shuts down pro-democracy groups, instills climate of fear more »

Pope pleads for release of Iraq hostages

Pope John Paul appealed yesterday for the release of hostages in Iraq, imploring their captors to show "feelings of humanity" more »

The Celebrations

European Union Accession Celebrations Taking Place In Estonia more »

Lack of visitors

Last elves fired from Santa's Finland HQ more »

UNHCR opens office in Kazakh capital

The UN refugee agency today opened an office in Kazakhstan's capital, Astana, a move that will help UNHCR build more partnerships to care for some 16,000 refugees and asylum seekers in the country more »

On May 1, the EU swells to 25 countries

New EU nations face many economic, cultural disparities more »

World Press Freedom Review 2003

Press Report Says 2003 One Of The Bloodiest Years For Journalists more »

The Creation of "Radio New Europe,"

"Radio New Europe" Takes Up Where RFE/RL Bulgarian Service Left Off more »

Prosecutors Investigate Bundesbank Scandal

Prosecutors in Frankfurt on Tuesday announced they were investigating whether Ernst Welteke, the president of the Bundesbank, had acted illegally more »

Spain Makes New Arrest in Madrid Bombings

Authorities announced another arrest in the Madrid terror bombings Monday and sent police to patrol subway and bus stations more »