Contemporary hospitality management Essay Example | Topics and Well Written Essays - 3000 words

Contemporary hospitality management - Essay Example Technology has brought massive changes in all industries which not only has altered the ways in which existing business processes and transactions were carried out, but has created several more opportunities for new and existing businesses to explore. A major component of modern technology is the use of computers and internet. Using computers for data processing, storing, transmitting and analyzing has become a widespread phenomenon. Addition to this is the internet which connects several resources together to create integrated networks and makes communication faster and cheaper. The use of internet and computers for carrying out business is known as electronic commerce or simply ecommerce. This concept is being increasingly used in all industries and has made a huge impact in the hospitality industry as well. In this research paper, we shall be looking at how ecommerce is affecting the hospitality industry by considering the various domains. Prior to that, it is also important to kn ow in detail how ecommerce works.The root of ecommerce is the word ‘commerce’. Commerce refers to the exchange of goods and services between buyers and sellers whereby they enter into an agreement and carry out a transaction. In short, commerce refers to any economic or business activity where people exchange the commodities they have in place of the commodities they need. This could be as simple as buying a drink from a store to as complex as purchasing an entire building. People have been carrying out trade or commerce since centuries.