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Volume 5, April 2003 |
ISSN 1538-893X |
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Editorial by Sheri Leigh, Publisher |
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Why,
then, don’t more of us take advantage of this fantastic opportunity? Why are
so many of us still at home waiting, putting off living our lives and worrying
about what might happen next? Three events conditioned us to be wary: First, the
economy went into a slump in 2000 and we put off travel for economic reasons.
Then September 11, 2001 halted all travel plans. Now war with Iraq has us glued
to the television waiting for liberation, not just for the Iraqi people, but for
us, the traveling public, as well. We
think that liberation may be at hand. Our web site tells us that while travelers
have been waiting, they’ve been planning, as well. For the last couple of
months, Cultural Travels has been growing faster than any other time in our
three-year history. More travelers are requesting information from our tour
hosts and the number of visits to our advertisers’ sites has grown over 40%
from last month alone. While
travel is down from what was predicted for the 2002 and 2003 seasons before
September 11, an end to the uncertainty of “Will we or won’t we go to
war?” has people again looking to the future. The belief that the Iraqi war
will be short and decisive has many travelers reviewing travel options. Patterns
indicate that there is a renewed interest in planning trips that have been put
on hold over the last two years. We
are confident that, come summer, you’ll see a spike in travel and the
beginning of a recovery in this beleaguered sector. Travelers
have a great window of opportunity. Now is the time to take advantage of rates
that are lower than they have been for years without the need to sacrifice
quality. During the next few months to a year, our travel dollars will go
farther and allow us to take trips or stay at hotels that were previously out of
our budget range. But it won’t last forever. With more than two years of pent-up
travel demand, the limited inventory currently available will be rapidly taken - today’s bargains won’t be around for long. The
tour companies who were able to withstand the challenges of the last few years
are the best of the best, and over the next few years they will see their sales
explode. They survived by being well managed, providing excellent service, and
by scaling back operations. With fewer departures available and an increase in
demand, their scarce inventory will be quickly filled. Since it will take a
couple of years before supply and demand are once again on par, travelers who
wait until next year to make their plans will miss out on today’s bargains and
may expect to pay a premium. For
good or bad this turnaround is not likely to save the major airlines. Their
troubles began years ago with mismanagement followed by the poor marketing
decision of alienating their main distribution source, travel agents. But it
will be great for new, smaller airlines that offer value to their clients and
treat them as human beings rather than cattle.
Expect
an equalization of airline rates over the next few years as both the rock-bottom
advance purchase fares and the sky-high last-minute business fares are dropped
in favor of reasonable fares and service across the board. What
does this mean for you? It means, now is the time to take action. If
you’ve been putting off making plans until it’s safe or the economy turns
around, you should know that both have already happened. It might be difficult
to believe, but we’ve already hit the bottom and are rebounding. The
opportunities available today – travel without the hassles of crowds or lines,
and the lowest prices in years – are a blip on the screen of normalcy, just
like the Internet bubble was. Reality will reign once again soon enough. We will
not see today’s opportunities again for years to come, if ever. |
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