The World wide web which was virtually unknown to masses a couple of decades ago has now turn out to be the life blood of lots of economies and societies. This international phenomenon has brought the human kind closer than ever prior to. Ranging from info internet websites to novel concepts of social networking, World-wide-web has come to be a way of life for quite a few persons.

According to Internetworldstats.com only 16 million men and women utilised the Net in 1995, where as nowadays over 1200 million surf the cyber space which amounts to practically 20% of the planet population. The growth of the Net has developed a entire new dimension in undertaking business enterprise as nicely. The speed of facts and the comfort has made on-line a promising venture for quite a few markets.

In travel business about a decade ago, travel agents had a improved say when it came to promoting travel options than its original providers such as airlines and hotels and so on. But now the elevated use of online travel has made it easy for the consumer to plan and book their travel desires simply on their personal more than the Net. Hotels, airlines and other travel service providers are able to directly get in touch with customers via the Web.

On the internet travel portals and web sites also have an upper hand over traditional travel agents on charges as properly. The regular travel agent calls for additional manpower and huge investments to expand its enterprise where as an on the web portal can get in touch with the whole globe via a single domain acquire. Nevertheless, the intense competitors among online travel portals and several hospitality web-sites have decreased intermediary commission rates hence offering far a lot more economic worth to on the web transactions.

travel booking services predicts that by 2009 roughly one third of all U.S travel revenues will be handled via Web. Other components of the planet such as Europe and emerging giants such as India and China will also contribute heavily to the growth of on the web travel market.

With the expanding quantity of World wide web customers and the boom in travel market in many emerging economies will continue to contribute to the development of online travel market in coming years.