Thursday, June 13, 2019

Online Travel Case Study Example | Topics and Well Written Essays - 1500 words

Online Travel - Case Study ExampleThe possibility of spreading the reach of the business overseas is make possible by the practically zero marginal cost incurred by online proceed companies in extending t successor marketing to foreign countries.Europeans have actually been observed to touch off more than their Americans counterpart, averaging four weeks of vacation annually while Asian travelers such as Chinese and Indians have posted a notable increase int heir frequency of travel due to the improved number of middle class consumers (Tracy).Subscribers of online travel have benefitted from the dominance of market economy and market system as we observe prices become competitive due to the presence of of more online travel service suppliers such as Kayak and Sidestep (Bhargava) . This leaves an experience of intense challenger for the big three companies such as Orbitz, Expedia and Travelocity, practically showing the validity of Adam Smiths theory of self-interest- that in the p ursuit of business of many, self-interest can claim important sociopoliticsal evolution and economic growth (Robert B. Ekelund Jr.)Last minute dot com resides in an industry where consumers are task-oriented and juicyly price conscious, with many experienced travel deal seekers searching for the best deals on air fare, hotels and car rentals with the competition macrocosm concentrated mainly in two areas-the corporate travel and the pile deals(Bhargava). Currently, the way of handling the travel business have been very innovative as we see site like FlyerTal being flocked by most online travelers being consumer discussion driven, having posts from travelers helping each other, trading discount certificates and talking about customer service experiences. TravelAdvisory is also one of the most trafficked sites being due to its high rankings in a location or hotel-based keyword search (Bhargava). Obviously, the industry is taking on a different phase of competition especially as the engineering science develops more. The use of dot travel domain has also been introduced recently but has been used slightly with hyatt.travel and solmelia.travel as the only notable sites. Lastminute.com, on the other hand, has refused to oxygenate a dot travel domain with the belief that the dot com domain is central to its brand (Nelson). The industry is expected to tread upward in call of usage and sales, with the many facets of technology being adapted specifically in the marketing aspect. As one of the articles in the Harvard Business Review in perplexity says, if tops management wants to find ways of improving profits and growth, it must actively participate in the development of marketing plans by challenging their underlie assumptions and by contributing alternative ideas on strategy and programs (Ames). Effect of Current Political and Economic IssuesStarting in 1998, last minute.com was well managed by owners brant goose Hoberman and Martha Lane-Fox, expanding its se rvices to holidays, hotels, car hire, restaurants, theater and spa. In 2005, it was purchased by Travelocity, becoming part of Saber family of travel companies (Last Minute Network Limited).The buy-out of Saber Holdings of Lastminute.com has made its share rapid climb from 45.4 per cent, to 153.25p, putting a value of pounds 522m on the company (Reece). The decision by Hoberman and Lane-Fox to renounce leadership of the company was made after its financial struggle, experiencing an over-all loss of pounds

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.