Poll: Net purchasing is on the rise

More than half of 1,230 participants in the International Hotel/Motel & Restaurant Show held in New York in November lean toward using the Internet for purchasing and procurement this year.

The poll was conducted by GoCo-op, a company that develops and hosts Internet-based procurement systems

The survey found that 57 percent of show attendees plan to conduct their company's purchasing and procurement on the Internet in the next 12 months. That represents a 67-percent increase over those meeting such needs online in 1999, GoCo-op says.

In addition, 91 percent of all hotel company respondents plan to meet up to 50 percent of their procurement needs online; 27 percent plan to spend at least a quarter of their procurement budget online.