Scott joined Hotels.com in 2003 when the company was a Dallas-based startup. He spent 5 years in product and customer marketing before moving to SVP where he was responsible for the global website and product development. In 2012, Scott was then promoted to President of Hotels.com with full P&L responsibility. Scott previously spent 3 years at Blockbuster as Senior Director of Strategic Marketing for Blockbuster Online, the incumbent competitor to Netflix, where he was competing directly with the now video streaming giant. Read moreView Profile Page
I might be out on a limb, on this one, but when I was running Hotels.com, in London, we had people all over the world. I was using Zoom, way back then, because we had to, in order to have productive meetings. You just couldn’t travel all over the world, every week. We may have been at the forefront of doing video conferencing and so forth. Now that we’ve been forced to do this, I think many companies are going to start thinking about, why do we need to travel as much? We can be almost as effective by doing a video teleconference. Yes, my feeling is that business travel may diminish a little bit, from this, just because it’s now proven that we can do video conferencing and be effective at it.
It’s certainly possible. Remember, too, that the corporate travelers are also leisure travelers. They’re part of your most repeatable business that you have. If that diminishes a bit, it could have lasting ramifications for the travel industry.
I’d start off by saying that this time period is unprecedented. This the worst kind of event that you could ever imagine, in over 100 years. Having said that, I did go through the financial crisis, in 2008, 2009, 2010, while I was running Hotels.com or in that business. What I saw happen during that time period is, one, all travel companies reduced pricing, to try to entice people to come back. You should see a lower pricing strategy that comes forth, from a travel perspective and a lot of discounting that happens during that time period.
Secondly, I do think there might be a little bit more reliance on OTAs, when it comes back. This happened in the financial crisis, as well, where the OTAs had a lot more money and skill and agility, to go after more consumers through SEM and Meta and so on and so forth. They just had more marketing muscle, to make that happen. I do think that’s likely to happen. There might be more reliance on OTAS, to help drive business. Those are the two main things that will happen that I feel pretty strongly about.
Yes, I do. Travel is a bit of an ebb and flow, from that standpoint. It depends on what’s going on in the marketplace. This will be one of those times where it adds a bit more into the OTA space. As the economy gets better, it will pull back a little bit. I’ve seen studies that go back some way, and it does ebb and flow like that, from time to time. I think that will be the situation here.