Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help By 2018, the online travel agency industry had consolidated around two leaders: Expedia (which had acquired Travelocity. Lastminute.com, Hotels com. Trivago, and Orbitz)

please help
image text in transcribed
By 2018, the online travel agency industry had consolidated around two leaders: Expedia (which had acquired Travelocity. Lastminute.com, Hotels com. Trivago, and Orbitz) and Priceline (which owned booking.com, Kayak, Rentalcars. com, and OpenTable) These two market leaders competed with numerous smaller online travel agents (e.g. TripAdvisor. Travelzoo, Skyscanner. Ctrip), with traditional travel agencies (e g. Carlson Wagonlit, TUI, American Express-all of which had adopted a "bricks ' n ' clicks" business model), and with direct online sales by airlines, hotel chains, and car rental companies. Amazon and Google were both potential entrants to the market. The online travel agents are dependent upon computerized airline reservation systems such as Sabre, Amadeus, and Travelport. Use Porter's five forces framework to predict the likely profitability of the online travel agency industry over the next ten years

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions