March 11, 2008; 09:24 AM
NEW YORK, March 11, 2008 -- NYEG Inc., a New York-based provider of dynamic
e-businesses, announced today that it will be releasing its premium domain name,
TravelNewYork.com, to auction.
Donald Rotonde, President and CEO of NYEG
Inc. (New York Entertainment Guide, Inc.), said his decision followed another
record-breaking announcement for New York Tourism by the City's Office of the
Mayor in their statement to the press. Mayor Michael Bloomberg's announcement
confirms that 46 Million people traveled to New York in 2007, the city's highest
ever, with an unprecedented $28 Billion spent on hotels, dining, entertainment
and other tourist venues.
New York represents the most lucrative travel
market in the US, boasting increased spending per capita and incredible growth
in revenue for its tourism sector. "New York remains one of the world's premier
travel destinations, which will make TravelNewYork.com a sought-after asset,"
according to Mr. Rotonde.
So the question is, what is TravelNewYork.com
worth? That will be up to industry leaders and investors to decide. Preliminary
estimates look promising. TravelNewYork.com boasts an impressive resume. The
direct type-in value of the name is unsurpassed, with $28 Billion of spending up
for grabs. In addition, TravelNewYork.com has a substantial "Alexa" score and
has been indexed favorably by the major search engines, achieving a
near-consistent page-one ranking on Google for most relevant keyword searches.
"The asset value of TravelNewYork.com is distinctive and the value of
its brand is directly inherent in the domain name itself. Within today's
economic climate, travel has proven to be, and will continue to be, a dominant
revenue source," expresses Rotonde.
This release marks an exciting time
for domain name auctions. SkiResorts.com, a travel domain, recently sold for
$850,000 at the T.R.A.F.F.I.C. West Domain Name Auction held February 18 at the
Venetian Hotel in Las Vegas. Domain auctions have increased in popularity over
the last two years as investors acknowledge the increasing value of domain
names.
This is even more apparent in the travel industry with billions
of dollars pouring in from online purchases. Forrester research indicates that
the US online travel market is growing at "breakneck" speed and is expected to
reach $329 Billion in retail sales by the year 2010. The online travel market
remains the worlds largest e-commerce industry. With New York as the dominant US
travel market in both dollars and market share, TravelNewYork.com represents a
key asset acquisition for the online travel industry.
Offers of interest
to purchase or lease TravelNewYork.com may be submitted directly via email to:
[email protected]
For more information, contact: Donald Rotonde NYEG Inc. T.
212-627-5900 x 801 E. [email protected]
NYC
Mayor Michael Bloomberg: http://www.nyc.gov/mayor Business Travel
News Online: http://www.btnmag.com Forrester Research: http://www.forrester.com T.R.A.F.F.I.C.:
http://www.targetedtraffic.com Alexa:
http://www.alexa.com
Source: www.ereleases.com |
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