Business Capstone Project | Travel Industry

Running head: MANAGEMENT 1
Business Capstone Project
Student Name
Institution

MANAGEMENT 2
Table of Contents
Introduction................................................................................................................ 2
1. Why I chose the travel industry............................................................................2
2. Canadian travel industry sector...........................................................................3
2.1 Background....................................................................................................... 3
2.2 Issues affecting the travel industry...................................................................4
3. Sources of information used................................................................................5
4. Challenges when finding information...................................................................6
Conclusion.................................................................................................................. 6
Reference................................................................................................................... 7
Introduction
The travel industry has remained one of the largest service industry in Canada and
globally. The travel industry refers to the industry sector that is concerned with the provision of

MANAGEMENT 3
various transport and services when moving from one location to another. This may include
transportation and other services that cater to movement from various locations. This implies that
the travel industry composed of transportation as the key part and other related services that
enable smooth movement from one location to another. The travel industry is therefore linked
and associated with the tourism industry in many different ways. This has enabled the travel
industry to grow in terms of jobs and revenue generated. This paper explores the Canadian travel
industry through an analysis of various aspects of the travel industry.
1.Why I chose the travel industry
I chose the travel industry for some reasons that contribute highly to career development.
Firstly, I chose the travel industry since the industry remains one of the largest industries within
the Canadian economy thereby contributing more than 127.3 billion Canadian dollars to GDP.
This implies that the Canadian travel industry is significant to both the government and people
involved in management. In addition, the travel industry larger size contributes much to
employment and this is important after graduating in the field of management. In this sense, I can
readily get a job within the travel industry leading to career development. When translated into a
percentage, the travel industry contributes to 2% of the Canadian GDP. Secondly, the travel
industry is a larger sector that contributes to 5.2% of total business establishments across
Canada. This is essential for establishing a business in the future as most of the businesses within
the country are related to the travel industry (Petronyte, 2018).
2.Canadian travel industry sector
The Canadian travel industry remains one of the largest industries within the country
contributing huge revenue to the government and economy of the country (TrekkBlog, 2019).
The industry has witnessed growth for the past few months as shown in the figure below.