Travel Sector Analysis
1. INTRODUCTION
Hundreds of millions of people make billions of trips each year, making travel one of the world's largest industries. This industry includes a broad range of businesses such as airlines, hotels, cruise lines, rail lines, car rentals but also travel agencies, tour operators and other travel suppliers that are part of a chain supply of products and services.
Initially, travel supply chain was linear, involving travel providers who supplied Tour Operators who turned to Travel Agents who sold to travelers. With the emergence of new technologies, all the players of the supply chain now have direct access to travelers.
With direct access to thousands of travel suppliers, the travelers can now compare different sources, and check prices and availability for their trip at anytime without the help of a travel agent. While they are getting used to booking basic travel (air+hotel+car) online, travel web sites are now offering more and more complex products such as......
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