TABLE OF CONTENTS Page 1. Introduction 2 2. Disintermediation and re-intermediation of the travel agents 3 3. Travel agencies responses to a challenging market 6 4. Conclusion 8 5. References 9 1. INTRODUCTION Nowadays‚ the travel distribution channel is very complex and characterized by the presence of many different kind of intermediaries which operate in a very competitive market. Since the beginning of the travel industry
Premium Travel agency Disintermediation Travel
The effects of Disintermediation and Re-intermediation on travel agents Introduction This report will discuss about how travel agents market is influenced by disintermediation and re-intermediation and what is the impact on industry and travel agencies. The travel industry‚ is the substance in the sphere of information technology‚ is beyond any doubt a fascinating area in terms of the options given by Internet. One of the considerable increses in electronic market is travel bookings noted by Berstein
Premium Travel agency Travel website Disintermediation
------------------------------------------------- Tourism and Travel Distribution: the Travel Agent’s Perspective By Dr Marion Bennett and Dr Dimitrios Buhalis‚ Centre for eTourism Research (CeTR)‚ School of Management‚ University of Surrey‚ Guildford Jan 2003 Summary The Internet has revolutionised the tourism industry and has generated a number of challenges and opportunities for all players. For travel agents‚ in particular‚ the Internet is changing the industry structure and consumer behaviour
Premium Travel agency Computer reservations system Disintermediation
The factors that have been responsible for bank disintermediation In my opinion‚ there are three major arguments for the factors that have been responsible for bank disintermediation. First‚ pareto improvement (Vilfredo Pareto)‚ second‚ reputation acquisition in debt markets (Diamond‚ D.‚ 1989)‚ third‚ corporate finance theory (MM & Trade-off Theory). 1. Pareto Improvement (Vilfredo Pareto) According to Pareto efficient (Vilfredo Pareto)‚ if economic allocation in any system is not Pareto
Premium Economics Bank
environment of fiercer competition for channel participants. After the public debut of the web‚ suppliers began establishing web sites to connect directly with customers‚ thereby beginning the disintermediation of traditional retail travel agents. For example‚ airlines were then able to practice disintermediation via multiple channels‚ including call centers‚
Premium Disintermediation World Wide Web Marketing
In order to effectively evaluate the effectiveness of involving only retail travel agencies instead of a combination of travel agencies and tour operators‚ one must first examine what constitutes a tour operator and a travel agency: Tour operators are businesses that specialize in manufacturing and selling holiday travel packages for large groups. Due to the fact that tour operators operate by booking hotel rooms and creating packages in advance of the consumption date‚ they cannot cater to the
Premium Travel agency Tour operator Travel
The growth of the internet has made direct selling easier and faster for both tour operators and tourists. According to Frost (2004) the fascination with new technology has changed the way tourism providers interact and trade with their customers. The primary focus for this essay is to discuss the advantages and disadvantages of direct selling for travel and tour management. In this essay‚ the perspectives of both tourism operators and tourists will be considered. This essay will be presented in
Premium Disintermediation Travel agency Travel
Disintermediation refers to: (1) the investing of funds that would normally have been placed in a bank or other financial institution (financial intermediaries) directly into investment instruments issued by the ultimate users of the funds. Investors and borrowers transact business directly and thereby bypass banks or other financial intermediaries. (2) The elimination of intermediaries between the first case providers of capital and the ultimate users of capital‚ withdrawal of funds from financial
Premium Bond Bank Debt
The Characteristics of Tour Operators and Travel Agents Tour Operators Tour Operators is a person or company that organizes and sells package tours or holidays. A tour operator typically combines tour and travel components to create a holiday. The most common example of a tour operator’s product would be a flight on a charter airline plus a transfer from the airport to a hotel and the services of a local representative‚ all for one price. The original reason for existence of tour operating was
Premium Tourism Tour operator Travel agency
Intermediaries – companies or individual that act as brokers or middlemen between the tourists and the suppliers Tour Operator - Organize package tour together & offer for sale to the public Inclusive Tour – at least two elements are offer for sale at inclusive sale price and involve a stay of more than 24 hours in overnight accommodation Nature of tour packages sold by the tourism industry divided into two types: •Use of traditional charter flight •Use of scheduled flight The
Premium Travel agency Tour operator Travel agencies
Research Paper: MEANING OF TOURISM DISTRIBUTION CHANNEL -is an operating structure‚ system‚ or linkage of various combinations of organizations through which a producer of travel products describes‚ sells‚ or con firms travel arrangements to the buyer. 1.2 Channels of Distribution -are similar to those of other basic industries such as agriculture or manufacturing. Their products flow to the ultimate consumer through wholesalers‚ distributors‚ and middlemen. While there
Premium Tourism Travel agency Travel
| | | | Fear of Disintermediation: A Study of marketing managers perception across the industries | |Introduction: |
Premium Supply chain management Management Logistics
the opportunities to its customers to buy and sell different things without any hassels ! Q2. Explain the term disintermediation. Why is disintermediation so important to Dell’s success? Disintermediation: The term was originally applied to the banking industry in 1967. It was later applied more generally to "cutting out the middleman" in commerce In economics‚ disintermediation
Premium Supply chain management Supply chain Inventory
Deregulation Privatization Heightened competition Industry convergence Retail transformation Disintermediation Consumer buying power Consumer participation Consumer resistance Deregulation is the act or process of removing or reducing state regulations. It is therefore opposite of regulation‚ which refers to the process of the government regulating certain activities. Disintermediation: Intermediation is the removal of intermediaries in a supply chain. Instead of going through traditional
Premium Marketing
the concepts of disintermediation and reintermediation with reference to a particular industry‚ what are the implications for a company operating in this industry? 5. e-business involves re-evaluating value chain activities. What types of changes can be introduced to the value chain through e-business/ Essay and discussion questions 1. Disintermediation and reintermediation occur simultaneously within any given market: Discuss. Examination Questions 1. Explain disintermediation and reintermediation
Premium Electronic commerce
(2001)‚ ``Developing an online access strategy: issues facing small- to medium-sized tourism and Crouch‚ G.I. (1994)‚ ``Demand elasticities for short-haul versus long-haul tourism’’‚ Journal of Travel Research ‚ Fong‚ C. (2001)‚ ``Perception of disintermediation: a study of Hong Kong travel agencies’’‚ MBA dissertation‚ Hong Kong Tourism Board (HKTB) (2002)‚ A Statistical Review of Hong Kong Tourism 2001‚ HKTB‚ Inkpen‚ G. (1998)‚ Information Technology for Travel and Tourism ‚ Longman‚ Singapore. Law
Premium Tourism Travel agency Travel
nobility goes largely unnoticed. The insurance brokerage industry is struggling to demonstrate the true value of services as a trusted risk advisor and solidify the broker’s role in the client’s value chain. This lack of value recognition and the disintermediation through technology will push clients to inferior substitutes. In the current brokerage model‚ brokers carry out a lot of behind-the-scenes work which clients do not fully realize and appreciate. The Temple Consultants designed the Virtual Insurance
Premium Risk management Net present value Broker
Major Societal Forces Network information technology. The digital revolution has created an Information Age that promises to lead to more accurate levels of production‚ more targeted communications‚ and more relevant pricing. •Globalization. Technological advances in transportation‚shipping‚and communication have made it easier for companies to market in‚ and consumers to buy from‚ almost any country in the world. International travel has continued to grow as more people work and play in other
Premium Brand Business Consumer
Supply Chain Management The supply chain differs for a company that sells a physical product such as furniture‚ from that of a company that sells a service such as cellular services. Though both supply chains differ‚ with powerful strategies both companies were able to achieve the same result‚ profits within the organization. Ultimately for any organization‚ the main goal is to increase profits. Improving the supply chain is one way to reach this goal. According to Schneider‚ "When companies integrate
Premium Supply chain management Supply chain Management
Chapter 11 marketing strategies for the new economy Past paper: Discuss the advantages and disadvantages of the new economy for marketers (60%). How might companies develop a new economy strategy for their products or services (40%)? Illustrate your answer with examples. * Does every company need a new-economy strategy * Definition: new economy means the industries that stimulate the development or play an important role in electronic commerce and the internet‚ market computer hardware
Premium Marketing