|By Business Wire||
|December 10, 2013 05:00 AM EST||
With travel costs forecast to rise worldwide in 2014, On the Move Systems Corp. (OTCBB: OMVS) is hard at work developing new transportation options for business travelers looking to stretch their budgets in the coming year.
According to Carlson Wagonlit Travel’s (CWT) 2014 Travel Price Forecast, travel costs will be on the upswing across several sectors. While the airline segment is expected to remain dynamic, hotels in key business destinations see their highest rate increases in decades, according to CWT. Likewise, car rentals and ground transportation worldwide will likely see price increases next year.
With travel costs on the rise, it will be more important than ever in 2014 for companies to ensure their travel resources are allocated properly to support the achievement of their overall business objectives. OMVS is working on solutions to help companies treat travel as an investment rather than an expense.
For instance, through its cutting-edge online transportation portal now in development, OMVS plans to offer business and leisure travelers the comfort and convenience of private air travel to any destination without the prohibitive costs associated with buying, insuring and maintaining an aircraft. The company is already lining up partners to offer online shoppers luxury ground transport, shipping services, lodging accommodations, fantasy sports getaways and other options not found anywhere else on the Web.
“With the potential for travel costs to reach into the hundreds of millions of dollars for many companies next year, businesses are looking for better, more affordable solutions,” said OMVS CEO Robert Wilson. “Our revolutionary new online portal is where they’ll find them.”
By developing a new niche travel and transportation hub, OMVS plans to compete in the online travel market alongside larger firms such as Priceline.com (NASDAQ: PCLN), TripAdvisor.com (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
About On the Move Systems Corp.
On the Move Systems Corp. (OMVS) is focused on the development of cutting-edge technology across a broad spectrum of industries. The company is currently exploring new online tools to reduce costs and increase convenience in the tourism and travel industry. For more information, please visit our website at www.onthemovesystems.com/investors.
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