Contemporary Issues in Travel and Tourism Industry : Report
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Added on 2020-01-21
Contemporary Issues in Travel and Tourism Industry : Report
Added on 2020-01-21
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CONTEMPORARYISSUE IN TRAVELAND TOURISM
TABLE OF CONTENTSINTRODUCTION ..........................................................................................................................1TASK 1............................................................................................................................................11.1 Analysis of the issues driving changes in Travel and tourism sector...................................11.2 Analysing the current issues in the sector.............................................................................3TASK 2............................................................................................................................................42.1 Current trends influencing change in UK travel and tourism sector.....................................42.2 Analysing the niche tourism market....................................................................................5TASK 3............................................................................................................................................63.1 Analyse how travel and tourism businesses could respond to change..................................63.2 Develop strategies on how selected travel and tourism businesses could respond to change.....................................................................................................................................................73.3 Justify strategies for how selected travel and tourism businesses could respond to change8TASK 4............................................................................................................................................94.1 Impact of issues and trends which brings change in travel and tourism sector ...................94.2 Business failing in responding to market change ...............................................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTION Travel and tourism is one of fastest growing industry in the world economy.Globalization is one of the leading factor which has created a significant impact on the demandand supply forces of the global market (Mowforth and Munt, 2015). It has helped minimizing thegeographical boundaries by liberalizing national policies of the country. This has helped inintegrating the travel and tourism sector of the world in an effective manner. Increasingdisposable income, high rate of information flow and enhancing travelling infrastructure hashelped in enhancing the demand within the economy (Kayar and Kozak, 2010). Travel andtourism industry in effectively flourishing in the UK industry. The demand of developing welldefined networks and knowledge in the nation is essential to enhance the performance andgrowth of the sector. The present study will developing an in-depth understanding about the contemporaryissues faced by industry in the present market scenario and its impact on growth anddevelopment of the companies associated. Different aspects of current issues and changes will becritically analysed and evaluated in the study. For undertaking the present study ThomsonHoliday will be taken into consideration. The analysis will examine the impact of recent trendson the travel and tourism sectors of the nation. TASK 11.1 Analysis of the issues driving changes in Travel and tourism sectorTravel and tourism sector is one of the fastest growing and developing sector within heeconomy. It creates a significant impact on the economic and social factors of the nation. UK isone of the leading tourism destination for travellers around the world (Williams and Baláž,2013). The heritage value, historical aspect, well developed infrastructural and advancedindustrial aspect has attracted large number of visitors for different travel purposes. ThomsonHoliday is well established tour operating company which is successfully operating its businessoperations on global platform. The analysis will develop a detailed information about the issueswhich are driving changes in Travel and tourism sector which effects the growth anddevelopment of the business (Fu Tsang, Lai and Law, 2010). The major issues in the travel andtourism sector developing significant issues in the economy are:Technological growth: It is a fundamental consideration for every tourism activity.Technological development has helped companies in developing high and effective1
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