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Seminar paper from the year 2003 in the subject Business economics - Trade and Distribution, University of Phoenix, language: English, abstract: Information technology has come quickly into society’s life and taken a firm hold on much of how we live, work and interact with each other. Today, it is almost difficult to imagine what the world would be like if the Internet and all of its trappings were suddenly to disappear. Technology has become woven inextricably into so many facets of everyday life, especially business. Today’s hyper-competitive world is thanks, in part, to eBusiness. eBusiness now allows buyers and sellers of every imaginable product and service to transact business virtually. Geographic location is now only a minor factor, and as such, competition has increased on a magnitude never before seen. Whole industries have been created in the wake of eBusiness, and traditional industries have been forever changed. One such industry that will never be the same is the travel industry.