HM07 MIDTERMS Flashcards
rule of travel intermediaries
fast changing outlook of business tourism
calls the shots in different tourism industries
tour operators
large tourism enterprise compromise on __ to stay afloat
profit margins
travel intermediaries must exist in a ___ and embrace aspects of IT
info-intensive industry
travel intermediaries rely on __ which requires careful analysis of when and how IT can offer value-added service to clients.
computerized reservation terminals
redefines role of travel intermediaries
development and marketing
major challenge of travel intermediaries and IT
use emerging internet + mobile tech to their advantage
when used appropriately will assist in developing new strengths and managing weaknesses
information tech
can turn threats to opportunities
IT
three (3) impact of IT in travel intermediaries
- high speed internet (faster booking)
- downside of high-speed net
- additional challenge= customer can DIY
five impacts of IT in travel intermediaries
- travel agent education
- home-based travel agents
- competition from travel booking websites
- online review and social media
- reinvention of services
- you always learn
- many travel vendors offer education opportunities to TAs
- discounted familiarization trips (family trips)
travel agent education
- new tech made it easy for travel professionals to WFH
- independent home-based TAs vs. contract host agencies
- offers many commission-based incentives
home-based travel agents
- hard times for small sized travel agencies
- tough for those beginning in the industry
- traditional approach to an agency grows less meaningful
competition from travel booking websites
six (6) impacts under competition from travel booking websites
price shopping
commission changes
travel agent fees
more choice than ever
greater travel independence
decrease customer loyalty
compare prices from other before making a decision
price shopping
this happens once you book a tourist group
commission changes
charges or fees in making commission
travel agent fees
web is accessible
more choice than ever
rise in DIY travel
greater traveler independence
rise in DIY means they don’t rely on TAs
decrease customer loyalty
travel agencies use these tools to start own blog, establish social media profiles, provide in-dept info via podcast and YT.
online review and social media
travel agencies provide in-dept info about a destination via __
podcast
youtube
- they use content to build relationships w/ potential and current clients
- 90% good and 86% bad
online review and social media
social media reviews are a big deal. no such thing as good/ bad publicity
online review and social media
- don’t focus on one
agents decide to reinvent as travel specialists (few travelers approached TA to handle routine travel) - they seek to serve niche population
- opted to specialize
reinvention of services
agents seek to serve niche population:
- travelers with disabilities
- over age of 60
- women traveling alone
- LGBTQ travelers
seven (7) important tech solutions for travel intermediaries:
- mobile tech
- augmented reality
- internet of things (IoT)
- VAs
- Big data
- Blockchain
- 5G
everything is done in phone
mobile tech
virtual reality to see different features
augmented reality
uses available data of customers/ preferences
Big Data
more on finance/ info pertain to guests
blockchain
four (4) advantage of tech in hospitality
- guess what convenience
- enable guests to access info and make requests
- improve communication
- enable staff to provide superior service
five (5) challenges of technology
- maintenance and follow up
- gain access to confidential info
- unemployment
- proliferation increase
- potential visitors may change minds if queries are not answered on time
tour operators vs. travel agents
TO: create diff. tour packages
TA: sells TPs and book travels
the perfect combo
internet and travel
- tools used to increase efficiency and enhance customer service
Information Communication Technology (ICT)
- refers to the info and communication technologies used by hospitality and tourism businesses
- help organizations fulfill their business functions and achieve value for stakeholders
Information Technology (IT)
implements systems such as PO systems and CRM solutions to track customer data, manage inventory levels, process payments, and handle bookings
Information Technology (IT)
they build their businesses with the latest technologies
entrants
should facilitate the business mission of its enterprise through managed information, processes, and IT
strategic information management
three (3) main areas of current application of computer technology:
- operational
- guest services
- management information