The travel market continues to expand, says Deloitte

FinancialBuzz.com news commentary

New York/PRNewswire/ -- According to research published by Deloitte, the US leisure travel market is projected to grow about 6% in 2017, which will push the market closer to $381 billion by the end of the year. The research indicates that economic fundamentals for consumer spending continue to be solid this year. Factors such as a stronger labor market and elevated consumer confidence contribute to the growth of the market. Technology also plays a major part in the tourism industry. Strength in the lodging sector will continue to benefit online travel agencies (OTAs), as travelers use them to sort through options and find deals in a very fragmented marketplace. Flitways Technology Inc., Tuniu Corp, Airborne Wireless Network, Yatra Online, Inc., Ominto, Inc.

Keeping the focus on technology, Deloitte claims in their research that few industries have felt the impact of enabling technology like ground transportation. "Within this segment, rising technology stars are challenging established industry incumbents for a dominant position in the marketplace. 2017 will be a pivotal year where ground transportation players have something to prove. Late in 2016, ridesharing receipts exceeded traditional ground transportation for the first time ever among business travelers. While this might lead many to believe that ridesharing is now the standard, space remains open to competition. The ridesharing economic model is a complex balance that connects a healthy supply of non-contract, transient labor looking for the highest wage with demand from consumers looking for the lowest fare," the report points out.

FlitWays Technology Inc., a Los Angeles-based ground travel technology company, just announced earlier today, a new distribution partnership with HotelsByDay, the premier provider of day-stay hotel spaces that was recently featured on 'Shark Tank'. This will allow corporate day-stay travelers all over the United States to schedule a preferred vehicle that will transport the traveler to and from the hotel space. They also announced a partnership with Roomstorm, the comprehensive re-accommodation solution, a platform for airlines and hotels to solve for overbooked guests, travelers who missed flight connections, or planeload passengers from canceled flights.

FlitWays' Director of Growth, Zacky Hamraz, commented, "FlitWays strives to make reliable and affordable ground transportation available for business travelers. We are seeing real traction as we have extended our service as a true seamless door-to-door travel solution. These partnerships give clients the flexibility to integrate and easily expense their ground transportation needs."

Founder and CEO of HotelsByDay, Yannis Moati, commented, "As a travel agent and tour operator for 15 years, I personally faced the problem of feeling the pain of travel combined with rigid check-in and check-outs for my clients and for myself. I wanted to use modern tech tools to solve this problem, and turn hospitality hospitable again. We turned to FlitWays as we are constantly seeking to ease the pain of travel. After careful consideration, it was obvious to us that they know how to handle smooth car transfers for our industry."

FlitWays plans to expand distribution partnerships with other travel industry organizations to make reliable and affordable ground transportation available to corporate and enterprise customers worldwide. This is part of an ongoing expansion plan to increase visibility to an enormous market of potential clients.

To read the full report, visit PR Newswire.

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