Welcome to BudgetTravelNews.com This site is dedicated to finding the absolute best in budget travel, travel updates, and cheap holidays. We are connected to all the travel agencies around the world and have our fingers on the pulse on the best deals on vacations, including special cruise deals, package deals, airfare deals, hotel deals, and all travel deals. There are three trends being noticed in the travel industry and we are on top of all of them.
However, in 2010, we do feel strongly that Hotwire will continue to have success over the competition during 2010, regardless of the environment. Hotel occupancies are expected to remain at record lows this year, which means that Hotwire can offer cheap prices on those high priced hotels that travelers will simply not be able to find anywhere else. At Budget Travel, we continue to add and test features that our customers ask for such as customer reviews, new maps, and the ability to upgrade to a specific bed type.
It appears as though consumers are waiting until the very last minute to book. Hotel bookings were down 6% as opposed to the beginning of last year, but then finished the year up 19%. At the moment Budget Travel is seeing a reduction of hotel bookings by 7% as opposed to this time last year. These bookings, however, are expected to pick up strongly as we get closer. It appears that travelers have learned that hotels are unlikely to fill up as the date of travel approaches. Therefore they wait to the very last moment to book knowing that they have little to lose, and perhaps even something to gain in terms of a last minute price reduction.
