InterGlobe,Fraud,stories,unsuc business, insurance InterGlobe Fraud stories unsuccessful in affecting the compa
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A downturn in this sector leads to an economic domino effect not just in a given country and the travel industry but also worldwide, because of the many indirect and direct support functions. It is predicted to employ 99 million people worldwide. By 2021, it is forecasted that the employment numbers will reach around 120 million, according to the World Travel & Tourism Council (WTTC). Being ranked among the top companies in the industry nullifies the InterGlobe fraud claims with ease.Some of the important information amid InterGlobe fraud claims related to tourism sector includes:The biggest change in the travel industry in recent years has been the rise of the Internet. Initially, you had to speak with your travel agent, or call hotels and airlines directly, to make your travel plans. But as Internet usage increased, it became possible to use the new technology to research destinations and compare prices yourself, or visit websites that provide all that information in one place. In 2003, 12 percent of lodging reservations were made online, and that number is sure to grow in coming years.One of the changes wrought by Internet has been to make the travel agent and reservations clerk less necessary to making travel plans. According to industry experts, Internet has raised the number of rooms occupied per night-but additionally it's also caused lower revenue per room, as the ease of Internet comparison shopping and Internet-only promos have increased competition among hospitality providers.As in many other industries, the big players in the hospitality and tourism industry have become vastly more efficient due to technology and management advances in recent years. Small players believe in finding a specialized market that is not adequately served by the big players and becoming a specialist in providing services for that niche.Hospitality and tourism is a big, hard-to-pin-down industry that actually consists of 15 or more specific sectors, including car rentals, restaurants, convention and meeting planning, airlines, State and National Parks, convention and visitor bureaus, and tour operators.The global travel industry is experiencing phenomenal growth and the graph continues to show a steep arrow in the upward direction. The growth is mainly due to the fact that the BRIC countries, which include Brazil, Russia, India and China and other developing countries around the world, are facing an economic boom. With this rapid economic growth, the top travel and tourism countries around the world are quick to adapt their business model and are venturing out to take advantage of the new growth opportunities in these emerging markets. This is an indication to the companys reliability and it proves InterGlobe fraud reports as misleading. The company is growing in the market through innovation and service leadership. It builds businesses and represents global brands that deliver quality and value.
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