Evolution of the internet and the impacts on travel agencies Assignment

Evolution of the internet and the impacts on travel agencies - Assignment Example In the essay "Evolution of the Internet and the impacts on Travel Agencies" outlines how Internet changed the way how travel agencies work. For instance, now customers can directly access the internet sites and can book the tickets within a quick period of time. There are several negative impacts of the evolution of information technology on the travel agencies too. Third party cost is the major business barrier of several airlines, hotels, and restaurants. Therefore, the organizations had to pay a commission rate to these travel agents. These activities automatically increase the business operation cost. Nowadays, people can book their tickets on their own through online networking sites without any kind of help of third parties. The implementation of online strategies helped the organizations and customers in several ways. It can reduce the business operation cost for the organizations. The travel agents can get, store and provide a large number of data and information. On the other hand, implementation of online ticketing strategies helps the organizations to reduce third-party booking costs so that they can provide low fare tickets to the customers. People of several developed countries generally prefer online booking of tickets and leisure facilities. It is true that US is technologically developed country. Recent financial crisis and economic recession affected the global economic environment. Low disposable income of people and limited purchasing power are the major consequences of this economic slowdown. Earlier, during the Brick-and-mortar age organizations had to effectively rely upon the third party business partners in order to increase their sales margin. On the other hand, customers also had to depend upon these third party individuals to book