Importance of E Business in Hospitality Industry in this time of Pandemic

In this pandemic caused by the Covid19, a lot of businesses needs to adapt to the new normal to continue with running the business. In the hospitality industry, which includes hotels, motels, airlines, travel packages, etc., online bookings have been reported to be-at a very rapid pace recently. Both industrial professionals and academic researchers have drawn a great deal of attention to the introduction of the Internet into the travel booking industry. 

The travel booking industry is one of many facilities that can easily be checked, searched, and purchased online, and securely communicated and distributed electronically over the Internet. 

More than 90 percent of new entrepreneurs and start-ups use the Internet, according to a published survey, either to enhance their existing business operations or to explore new business opportunities. 

Online bookings in the hospitality industry have recently been reported to be growing at a very rapid pace. Online hotel room bookings have risen six times over the past four years alone (from 1999 to 2002), from $1.1 billion in 1999 to $6.3 billion in 2002. As a result, its share of overall annual bookings has risen by more than 400%, from around 2% in 1999 to 9% in 2002. 

Both industrial professionals and academic researchers have drawn a great deal of attention to the use of the Internet in the travel booking industry. In this pandemic caused by the Covid19, a lot of businesses needs to adapt to the new normal to continue with running the business. In the hospitality industry, which includes hotels, motels, airlines, travel packages, etc., online bookings have been reported to be-at a very rapid pace recently. Both industrial professionals and academic researchers have drawn a great deal of attention to the introduction of the Internet into the travel booking industry. 

The travel booking industry is one of many facilities that can easily be checked, searched, and purchased online, and securely communicated and distributed electronically over the Internet. 

More than 90 percent of new entrepreneurs and start-ups use the Internet, according to a published survey, either to enhance their existing business operations or to explore new business opportunities. 

Online bookings in the hospitality industry have recently been reported to be growing at a very rapid pace. Online hotel room bookings have risen six times over the past four years alone (from 1999 to 2002), from $1.1 billion in 1999 to $6.3 billion in 2002. As a result, its share of overall annual bookings has risen by more than 400%, from around 2% in 1999 to 9% in 2002. 

Both industrial professionals and academic researchers have drawn a great deal of attention to the use of the Internet in the travel booking industry.