To: Milk who wrote (105 ) 5/18/1999 10:45:00 PM From: James Lee Baldwin Respond to of 202
TAHG info post 2 The Travel Agent's Hotel Guide The Travel Agents Hotel Guide was designed by travel agents for travel agents. Based in Seattle, Washington, the first issue was printed in the fall of 1984. It was immediately hailed as an answer to an evident need in the industry : The need for a smaller and easier to use hotel reference manual. After six successful growth years, The Guide moved to Portland, Oregon, where it began a relationship with ITEX Corporation( The world=s largest barter company). As an associate company of ITEX, TAHG's purpose was to generate hotel room script (by trading advertising in TAHG to hotels for room nights) for use by ITEX member companies. The Travel Agents Hotel Guide is proud to be emerging as a champion of travel agents nationwide, helping to reduce research time by providing critical information in a lightweight, compact and portable format. The 8.5"x11" one inch thick book allows it to be easily and freely circulated within a travel agency, or to be carried by an agent on the road or by a traveling salesperson. It fits into any standard briefcase with ease. Which cannot be said of its main competitor. Travel agents are the largest source of hotel reservations. The very nature of their job requires that they constantly match traveling people with empty seats and hotel rooms. For success in today's competitive market, a hotel needs to be sure that travel agents throughout the country are aware of their property. A great an efficient way to do that is to advertise in the Travel Agents Hotel Guide. Why the Guide works. Travel agents earn income as a result of commissions. The more reservations they make, the more money they earn. It has long been recognized that if agents can speed up their research time, they will earn more money. Yet they have long been burdened by the large, cumbersome and time consuming hotel researching manuals that are available. fortunately, they have a choice today. Travel agents across the country have come to appreciate the easy to use format of the Travel Agents Hotel Guide. With all the pertinent information at their fingertips, minus the cumbersome size and research difficulties of other guides, The Travel agents Hotel Guide can literally increase an agents income, by reducing research time by 50% or more! It is also a perfect fit for the popularity of the Central Reservation Systems. A light weight form allows it to literally sit on the agent's desk to be used as soon as information is needed; immediately accessible for CRS entries. TAHG is updated, published and distributed twice a year to more than 100,000 travel professionals most at subscription request. Each issue has a user-ship of 3 agents, is used by over half of the travel schools in the US, lists and advertises over 10,000 hotels in North America. TAHG has now grown to a point where it is operating beyond its original intended scope and has become a competitive operation with the industry leader, the Hotel and Travel Index. TAHG has expanded its distribution and marketing to compete for a larger share of the market and "To provide the best travel research guide to travel agents and the best value for the advertising dollar for the customers of TAHG. Background For many years the Reed Hotel Directories Network (through its publications; Hotel and Travel Index, Hotel and Travel Index International and The Official Hotel Guide) has enjoyed a near monopoly for providing travel agents with a printed hotel research guide. This lack of competition and the resulting profitability prompted Read to pay over 700 Million dollars for the Travel Index when they acquired it. This purchase price for a business that does little more than print and sell advertising in 71,000 books 4 times per year! TAHG is the only direct competition for the Hotel and Travel Index. Our operation has been producing $1,500,000 plus in sales each year for the last three years that ITEX owned the Guide and has operated profitably since it was founded in 1984. Revenue projected for fiscal year 1999 without external funding is expected to be $2,000,000. Concept The Travel Agents Hotel Guide was already the preferred research guide by the travel agents ITEX distributed to. Our guide provides the travel agent with an easy to use, better organized, and transportable hotel research guide. Compared to the Hotel and Travel Index's competitive products (the closest product available today) our product is easier to use and easier for our advertising customers to justify buying, because we offer the option of trading hotel room script for their ad. The ability to barter unsold room inventory for advertising that will increase a hotel cash income is a capability unique to the Travel Agents Hotel Guide. Our strategy for meeting the competition is to expand our marketing and distribution, and offer barter as well as cash payment options. This approach is generating a tremendous amount of interest throughout the travel industry. TAHG'S target market includes Hotels, Motels, Airlines, Hotel supply/ management firms, Travel agents, Cruise Lines Etc... All products of TAHG are protected by the trademark and copyright laws