|By Business Wire||
|January 22, 2014 07:41 AM EST||
In order to attract new niche travel customers, On the Move Systems Corp. (OTCBB: OMVS) has opened talks to offer lodging at exclusive luxury retreats to its growing suite of travel and transportation services.
Thanks to innovative online booking software, a market is growing for owners of luxury villas and condos in popular business and vacation destinations to rent their properties out to travelers when they’re not in use. By offering online customers the opportunity to book lodging and white-glove service at these luxury properties at the same time that they purchase airfare, car services, pet shipping and other luxury and niche transportation services, OMVS plans to replicate the success of businesses such as a Montreal Web company that takes in $100 million in annual revenues booking luxury retreats and recently picked up $5 million in venture capital.
“Our mission is to develop a one-stop shop online where travelers can book a comprehensive set of transportation, lodging and services, many of which can’t be found anywhere else online,” said OMVS CEO Robert Wilson. “From private condo rentals to jet charters to limousine pickup, we want to build a strong network of partners offering above-and-beyond booking service that our competitors can’t match.”
Last year, travel research company PhoCusWright predicted that a third of all travel sales around the globe would be booked online. In fact, online bookings are growing twice as fast as the total travel market. By offering specialized services to niche travelers, OMVS plans to capitalize on market opportunities ignored by the largest and most successful online portals.
Building a deep roster of partnering service providers will be key to OMVS’ plans to compete in the $300 billion online travel market alongside Priceline.com (NASDAQ: PCLN), TripAdvisor.com (NASDAQ: TRIP) and Expedia.com (NASDAQ: EXPE).
About On the Move Systems Corp.
On the Move Systems Corp. (OTCBB: 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 transportation industry. For more information, please visit our website at www.onthemovesystems.com.
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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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