Travel 2.0 | Evolving Trends

"The term travel 2.0 derived from "web 2.0" is commonly used to define the improved www. Tim O'Reiley once defined it as a "second generation of Internet-based services that let people collaborate and share information online in a new way—such as social networking sites, wikis, communication tools, and folksonomies." Coverage of companies that define the next web are transcending new media to traditional media - see Business Week's recent cover story on Digg and Newsweek's story on Flickr and MySpace. And now, the term is being applied more often to vertical categories, like travel.

web2.0.pngProbably the most credible source to define Travel 2.0 has been Philip Wolf of PhoCusWright (PCW). See my earlier post Philip's Travel 2.0 thoughts. And more recently, John Bray of PCW was interviewed at the HITEC conference about how emerging technologies and companies will change the online travel landscape. Also, Christian Science Monitor posted an article recently titled: The next wave of travel website feels like MySpace. Simply put though, Travel 2.0 is Web 2.0 applied to online travel."Source: Mike Fridgen of TravelStartups

Web 2.0 Becomes Travel Standard

Varied interpretation of "Web 2.0" results in fragmentation of functional applications

U.S. Annual Travel and Tourism Sales: $1.3 trillion.
- Travel Industry Association

Worldwide Tourism 2015 Projection: $10.6 trillion.
- World Travel & Tourism Council

The Long Tail of Travel 2.0

A Collection of References:
Phocus Wright

Social Networking

BTN Online

Definition of The Long Tail
Chris Anderson

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