Information technology has come quickly into society’s life and taken a firm hold on much of how we live, work and interact with each other. Today, it is almost difficult to imagine what the world would be like if the Internet and all of its trappings were suddenly to disappear. Technology has become woven inextricably into so many facets of everyday life, especially business.
Today’s hyper-competitive world is thanks, in part, to eBusiness. eBusiness now allows buyers and sellers of every imaginable product and service to transact business virtually. Geographic location is now only a minor factor, and as such, competition has increased on a magnitude never before seen. Whole industries have been created in the wake of eBusiness, and traditional industries have been forever changed. One such industry that will never be the same is the travel industry.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- eBusiness: Revolutionizing the Travel Industry
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This document examines the impact of eBusiness on the travel industry. It explores how eBusiness has revolutionized the way travelers research, plan, and book their trips, creating a new landscape of competition and opportunity.
- The rise of online travel agencies (OTAs) and their impact on traditional travel providers
- The advantages and disadvantages of booking travel online
- The changing demographics of online travelers
- The future of eBusiness in the travel industry
Zusammenfassung der Kapitel (Chapter Summaries)
- Abstract: This section introduces the concept of eBusiness and its growing influence on various aspects of life, particularly business. It highlights the impact of eBusiness on the travel industry, setting the stage for the subsequent discussion.
- eBusiness: Revolutionizing the Travel Industry: This chapter delves into the ways eBusiness has transformed the travel industry. It discusses the emergence of new online travel vendors like Expedia, Travelocity, Cheap Tickets, and Priceline, empowering travelers to conduct comprehensive research and book travel arrangements entirely online.
Schlüsselwörter (Keywords)
Key terms and concepts explored in this document include eBusiness, online travel agencies (OTAs), travel industry, travel booking, online research, convenience, competition, and demographic trends.
Frequently Asked Questions
How has eBusiness revolutionized the travel industry?
eBusiness has transformed travel by allowing consumers to research, compare prices, and book flights or hotels online, bypassing traditional travel agents and increasing global competition.
What are Online Travel Agencies (OTAs)?
OTAs are web-based marketplaces like Expedia, Travelocity, and Priceline that allow users to book various travel-related services directly through the internet.
What are the main advantages of online travel booking?
The primary benefits include 24/7 availability, the convenience of booking from home, immediate price comparisons, and access to a wider range of international options.
How does geographic location factor into modern travel business?
Due to eBusiness, geographic location has become a minor factor for booking, as buyers and sellers can transact virtually from anywhere in the world.
What is the future of eBusiness in travel?
The future involves further integration of mobile technology, personalized travel experiences through data analysis, and an increasingly hyper-competitive global market.
- Quote paper
- Kimberly Wylie (Author), 2003, eBusiness: Revolutionizing the Travel Industry, Munich, GRIN Verlag, https://www.grin.com/document/60431
