The Web which was practically unknown to masses a couple of decades ago has now develop into the life blood of quite a few economies and societies. This global phenomenon has brought the human type closer than ever ahead of. Ranging from information websites to novel concepts of social networking, Internet has turn into a way of life for numerous folks.
According to TOURS IN SANTORINI .com only 16 million individuals used the Web in 1995, where as these days over 1200 million surf the cyber space which amounts to practically 20% of the planet population. The growth of the Internet has created a entire new dimension in undertaking business as nicely. The speed of data and the comfort has produced on the internet a promising venture for quite a few markets.
In travel business about a decade ago, travel agents had a much better say when it came to promoting travel solutions than its original providers such as airlines and hotels and so on. But these days the enhanced use of on the web travel has made it simple for the consumer to plan and book their travel requirements easily on their own more than the World-wide-web. Hotels, airlines and other travel service providers are able to straight get in touch with prospects via the Web.
On-line travel portals and internet websites also have an upper hand more than traditional travel agents on fees as nicely. The classic travel agent needs a lot more manpower and massive investments to expand its business where as an online portal can get in touch with the complete world via a single domain acquire. Nevertheless, the intense competitors amongst on the internet travel portals and various hospitality web sites have decreased intermediary commission rates thus supplying far extra financial value to on the net transactions.
Net analysis firm predicts that by 2009 roughly one third of all U.S travel revenues will be handled by means of World wide web. Other components of the globe such as Europe and emerging giants such as India and China will also contribute heavily to the growth of on-line travel business.
With the developing quantity of Internet users and the boom in travel industry in several emerging economies will continue to contribute to the growth of on the net travel market in coming years.