A look at the future of the Online Travel Industry
Internet, which is virtually unknown to the masses of a few decades ago, now the lifeblood of many economies and societies have become. This phenomenon has led the world for the human race is closer than ever. Direct from Web sites with information on new concepts of social networks, the Internet is a way of life for many people.
According Internetworldstats.com only 16 million people used the Internet in 1995, where, as more than 1,200 million today to navigate through cyber spacerepresented almost 20% of world population. The growth of the Internet has a whole new dimension of doing business too. The speed and convenience of information has made a promising online business in many markets.
In the tourism sector for about a decade ago, travel agents have a greater influence when it came to the sale of travel options, like the original suppliers such as airlines and hotels, etc. But today is the growing use of online travel line is doneeasier for consumers to plan and book their own travel needs easily via the Internet. Hotels, airlines and travel providers are able to have direct contact with customers via the Internet.
Online travel portals and websites also have an upper hand compared to traditional cost travel agencies. The traditional travel agency requires more work and major investment to expand its activities, where, as an on-lineyou can get in touch with the world through a single domain for sale. There is also strong competition among online travel portals and places of hospitality different rates reduced Commission staff member who makes much more economic value of online transactions.
Internet research firm predicts that by 2009 about one third of all travel revenue in the United States will be handled via the Internet. Other parts of the world such as Europe and emerging giants like India and Chinaalso contribute significantly to the growth of online travel industry.
With the growing number of Internet users, and the growth of tourism in many emerging economies will continue to contribute to the growth of online travel industry in coming years.
Posted on March 18th, 2010 by admin
Filed under: Air Travel Articles