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"Well managed" meaning artificially restricting the supply to create scarcity and inflate prices? As for disintermediation, there's still plenty of room for tr
by jliptzin 9y ago
"Well managed" meaning artificially restricting the supply to create scarcity and inflate prices?
As for disintermediation, there's still plenty of room for travel agents and the like to add value. Sure travelocity, tripadvisor etc exist, but for higher end clients who don't want/can't afford to waste time sifting through pages and pages of data/reviews from anonymous internet people, they can hire someone with experience to do all that, or perhaps someone who has built a reputation of recommending excellent itineraries all around the world. Otherwise, it's nice to have the option to do it yourself much more cheaply and efficiently. That money saved by not hiring an agent can now be put into the vacation package for better airfare, lodging, restaurants, etc.
The money and jobs don't just disappear, they go elsewhere.
- rconti 9y agoYup, and as usual, a few folks were winners in the beanie baby craze, and the same goes for the travel industry. I can't see a single thing these "middlemen" create in the travel industry that's desirable for the consumer. I'm sorry, I don't need a travel agent to tell me how to find a cool, hip destination overrun with everyone else the travel industry is sending there. They probably sell fidget spinners at the arrivals area, anyway.