Travel Technology Group Announces Unprecedented Growth in Internet Hotel Channel

Travel Technology Group reports 2004 Internet hotel statistics, outlining the success of the integration within its online reservation system

Chicago, IL (PRWEB) February 13, 2005 -- was the second full year the Internet Hotel Distribution Channel has been available through Travel Techs award-winning reservation software. The overwhelming statistics garnered at the close of 2004 and the growing number of clients utilizing this capability confirms the wide acceptance of this innovative approach.

Internet hotel commission revenue for 2004 increased by 394% compared with the previous year for a total of $175,380.18, providing a significant revenue stream for clients. A total of 6,251 reservations were received in 2004 compared with 1,616 in 2003 -- an increase of 387%. The total Internet hotel room nights booked increased 382% for a total of 16,514, providing clients additional accountability for venue negotiations.

We strive to offer the best service in the industry, allowing our clients to reap the maximum number of benefits from our partnerships," says Tom Baur, Chairman & Co-Founder. The offering of Internet hotels within our system offers more avenues for attendees and exhibitors to make reservations and creates an expanded source of revenue for clients. The success of our commitment to innovation is yet again evidenced by these results."

Travel Tech allows event participants to book multiple Internet hotel inventories (e.g. Hotels.com, Sabre, etc.) from the same event travel website offering contracted hotel room blocks, enabling the company and their clients to compete with established Major Internet Travel Sites. Travel Tech is the only company to offer integrated Internet hotel room reservations in the events industry. The Internet Hotel Distribution Channel was awarded the Innovation of the Year award by Tradeshow Executive after its initial release in 2003.

About Travel Technology Group, Ltd.
Founded in 1984 and headquartered in Chicago, Illinois, Travel Technology Group, Ltd. (Travel Tech) is an award-winning software development and travel services company that provides meeting and event planners with the most advanced technology, premium services and effective communication in domestic and international housing, registration and travel management. The company has been providing housing, registration and travel services to associations and commercial event organizers from around the globe for 20 years, presenting the most flexible, innovative and experienced team of professionals who are dedicated to making each event a success. From offering the most progressive online reservation system for hotels, air, car rental to customizing reports, marketing campaigns and audit programs, Travel Tech delivers customer satisfaction and valuable results. To learn more about Travel Tech, visit www.ttgonline.com.

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