Booking.com is a venture owned and operated by the Priceline Group and attained the status of being a global leader of online accommodations booking. With over 800,000 room nights being booked on an average through the platform on a daily business, the website is able to draw a huge crowd of customers travelling to various locations around the world for both business and leisure (Networksolutions.com, 2015:14-17). The site is available in over 40 languages listing around 6 lakh properties or more for the customers of more than 200 nations.
The 19 year old business assures the best and most competitive prices to its customers over a range of properties that include high class executive apartments and opulent, extravagant suites to normal and economic hotels for the normal customer (Colla, & Lapoule, 2012:11-14). There are also bed and breakfast options run by families and homestays as well. Booking.com also focuses on independent accommodations through its sister concern Villas.com
This report discusses the significance of e-commerce and how it contributes to the revenues in a developing country. The first part of the report takes the example of Booking.com, a Netherlands based online booking platform spread across 60 countries with 155 offices globally. The discussion shall pertain to the pros and cons of online booking platforms along with the ethical issues and risks involved. The second part of the report shall take China as an example of a developing country and discuss e-commerce as a contributor of development to the country.