The role of online travel agents in the experience economy

Anton Bogdanovych, Marc Esteva, Ning Gu, Simeon J. Simoff, Mary Lou Maher, Greg Smith

    Research output: Chapter in Book / Conference PaperConference Paper

    Abstract

    Our society has evolved through the product economy and the service economy to the experience economy. Due to this fact the value of a travel product, nowadays, is far beyond the goods and services. Experiences are driving the travel industry and make the travel product more and more diverse. Moreover, not only the travel experience itself, but also an experience of buying a travel package becomes extremely important for tourists. In such new economical circumstances it is necessary for travel providers to understand the desires, motivations and requirements of the travellers, as well as unique features of the tourism product. This paper provides a detailed analysis of the above-mentioned factors and suggests that online travel agents have the highest potential to exploit the benefits of the experience economy. The presented "World Trotter" travel agency prototype addresses the identified drawbacks of existing travel providers and gives motivation for future development of online travel agents.
    Original languageEnglish
    Title of host publicationENTER 2007: Proceedings of the 14th International Conference on Information Technology and Travel & Tourism
    PublisherAxon Imprint
    Number of pages1
    ISBN (Print)9780955327629
    Publication statusPublished - 2007
    EventInternational Conference on Information Technology and Travel & Tourism -
    Duration: 1 Jan 2007 → …

    Conference

    ConferenceInternational Conference on Information Technology and Travel & Tourism
    Period1/01/07 → …

    Keywords

    • 3D Electronic Institutions
    • virtual reality
    • travel agents
    • tourism
    • electronic commerce
    • reservation systems

    Fingerprint

    Dive into the research topics of 'The role of online travel agents in the experience economy'. Together they form a unique fingerprint.

    Cite this