E-Commerce in Travel Industry
Introduction
E-Commerce is a new platform to attract buyers, sellers or users over the internet to buy, sell online with few clicks. Now days, it has shaken hands with almost every business industry. This essay will discuss key benefits related with e-commerce in travel industry. This essay will cover 6-major types of e-Commerce and associated examples with each type. It will be followed by the advantages of outsourcing for TARDIS travel. It will then discuss advantages of first mover over follower in e-commerce along with examples. This essay will argue on the benefits of e-Commerce in travel industry and its competitive advantages for increasing business online.
Key benefits of e-Commerce
E-Commerce has boosted online business in every sector. It is more powerful and efficient as compared to traditional methods of doing business. It makes customer and seller active participants, no geographical boundaries both for buyers or sellers, saves time & cost, information related with time or cost is transparent with buyers , data richness in form of audio, video or animations, interactions with users etc. (Laudon & Traver 2013).
Types of e-Commerce
E-Commerce is not very old but still it exists in every business sector. According to its different role in different business sectors it has been categorised into six major categories (Laudon & Traver 2013).depending upon market relationships and technology which are:
1. B2C (Business-to-Consumer)
2. B2B
I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national
E-commerce has fundamentally changed the lifestyle of the people. E-commerce has expanded rapidly that business transactions and services have no barriers. Some of the anticipated benefits of implementing e-commerce site by MMIS Bakery are:
E-commerce is the online transaction of goods and services, which has completely revolutionized business and the way in which businesses can operate. It’s now easier for customers to compare prices/products with a little time spent browsing the Internet opposed to dragging themselves to the stores. This means that e-commerce is having an impact on what and how much businesses sell, therefore influencing the profits the business gets. In this essay I will consider whether an e-commerce strategy is the best way for a business to increase their profits, or whether e-commerce is not the best strategy to do this. I will be arguing that
In 1991, the internet became available for commercial use, which introduced the possibility for what we now know as electronic commerce, or e-commerce. By 2000, “a great number of business companies in the United States and Western Europe represented their services in the World Wide Web” and it was at this time that the e-commerce that we utilize in today’s business world took shape (e-commerce Land, n.d.). “People began to define the term ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services” (e-commerce Land, n.d.). Through continued growth of the internet, brick and mortar stores came to realize that electronic representation would be an
E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.
Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.
It is without a doubt that e-commerce has become a part of life for most of us. The E-commerce industry has grown and has truly taken the world by storm. It has faced numerous challenges from its initial stages and has surpassed a ton of them, making it a successful innovation in how we shop. However, there definitely still is room for improvement, as there are challenges that are left to be addressed.
In conclusion, e-commerce plays an important role in the growth of industry in both developed and developing countries. Although e-commerce may lead to inflation and loss of jobs, it still helps to increase productivity and create occupations for employees. It is a convenient tool for consumers all around the world to access the Internet and to buy and sell any products worldwide. Overall, e-commerce is necessary and without it, every country will be disabled to trade with other areas in the
The widespread application of internet and prevalence of globalization give rise to various influential trends in business context, one of which is e-Commerce. According to (Browne et al., 2004), e-Commerce refers to a commercial platform that allow transactions to happen via electronic devices and digital environment that requires no face-to-face or human interaction as opposed to traditional mode of purchase. E-Commerce is revolutionizing the landscape of modern business environment by offering a convenient, rapid, borderless and timely mechanism for commercial transactions. Moreover, e-Commerce provides an alternative to traditional value chain in which manufactured products need to move through multiple layer of distribution to reach the end-users. In other words, via electronic platforms, suppliers can now access their end customers directly via web-based ordering system without the needs for wholesalers
1. a large variety of choices: give customers a wide choice of products and services, all of this possible, the use of computer networks, systems, networks and supporting industry infrastructure at the national and international levels. This is a win-win situation for buyers and suppliers can provide a variety and choice.
After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.
E-commerce changes the competition of enterprises into competition of supply chains and makes the relationship of enterprise and customer to open talk in a open network to satisfy the all needs of customers. These made longer relationship between customers. The enterprise should maintains short cut and less cost operations to develop a
E-commerce is platform of communication through internet that takes place between companies and their customers (Whiteley, 2000). The e-commerce provides various services such online shopping, online bank and E-enterprise which are also emerging trends on their own. Online shopping is one biggest service of e-commerce which allows consumers to buy, order and view goods and service on online through their gadget, anywhere they are (Dennis et al. 2004; McCormick, 2009). Based on fact that world is connected through internet and the new generation prefer to utilise technology than do things in manual process (going physical retail). .
Since the birth of the Internet, many people have been using its resources to accommodate their travel needs. Traditionally, people use a travel agent to book their travel plans, but with the convenience of the internet, some might think travel agencies would no longer be needed. The travelers are the front line personnel in retail travel agencies providing services to travelers based on their knowledge and experience (Vasudavan and Standing
analyse the possible impact of e-shopping on travel behaviour. The findings of our analyses indicate that people