Earlypenetrationoftechnologyandconsiderableresearch and developmentactivitiesin the United Statesaretheprimarydrivers for the embeddedsystemmarket in thisregion.
These high-penetration levels have put enormous pressure on the electric grid and created considerable doubts about the ability to interconnect more variable resources with the grid safely.
With a lower online penetration (compared to US), a fragmented hotel market and low OTA penetration in Eastern Europe, we believe that the European online travel market offers considerable growth opportunities for OTAs.
With an expanding travel and deals market combined with a lower online penetration (compared to the U.S.), we believe Europe offers considerable growth opportunities for Travelzoo.