Influence of Political and Economic Changes on the Travel and Tourism Sector

Travel and
tourism sector

TABLE OF CONTENTS
INTRODUCTION ..........................................................................................................................3
TASK 1............................................................................................................................................3
1.1 Key historical developments in travel and tourism sector ....................................................3
1.2 Structure of travel and tourism sector ...................................................................................4
TASK 2............................................................................................................................................5
2.1 Function of government, government sponsored bodies and international agencies ...........5
2.2 Influence of local and national economic policy ..................................................................7
2.3 Implication of political changes on the travel and tourism sector in different countries ......7
TASK 3............................................................................................................................................8
3.1 Factors affecting tourism demand .........................................................................................8
3.2 Supply has changed for meeting the demand .......................................................................9
TASK 4 .........................................................................................................................................10
4.1 Positive and negative economic, environmental and social impact of tourism ..................10
4.2 Strategies that could be used for maximizing the positive impact.......................................11
CONCLUSION..............................................................................................................................12
REFERENCES .............................................................................................................................14
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INTRODUCTION
Travel and tourism industry of London is growing at a faster pace and it is offering huge
success and growth opportunities for people that comes for visiting the nation (Buckley, 2012).
Present report mentions about historical development of travel industry in London and structure
of the travel industry has also been explained in the report. In addition to that analysis of
functions of government. Government sponsored bodies and international agencies has also been
described in the report. Moreover, significance of local and national economic policy and
success of the travel and tourism sector has also been explained. Furthermore, implication of
political changes on the travel and tourism sector also have been mentioned.
TASK 1
1.1 Key historical developments in travel and tourism sector
London is one of the most visited tourism destination of the world which is visited by
millions of consumers every year. It has also become prominent business destination where
leading companies organize business meetings, conferences and seminars. London has been
tourism destination for many centuries and tourism industry of the nation is playing a key role in
economic development of the nation (Carrier and Macleod, 2012). Modern tourism started
developing since 1940 where technology played an important role in attracting visitors for
visiting the nation. Growth of air travel services played a key role in attracting visitors from the
globe.
In addition to that internet, electronic devices and smart phones have becomes a common
trend in the tourism industry that supports for enhancing tourism activities in the nation. Initially
people belonging from higher income groups were capable for availing and enjoying the tourism
services (chon, 2013). With the advent of technology and economic development it has become
easier for middle and lower income groups for exploring new travel destination sites for tourism
purpose. Industrial revolution and post world bar period has brought major changes in travel and
tourism industry and government and other agencies also played a important role in ensuring
growth and development of this sector (Crouch, 2012). Major travel destination sites in the
London includes Washington, Canterbury, Walsingham, Broholm and Lindisfarne. Other than
this some other popular travel sites includes St Paul's Cathedral and Tower of London. London
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eye is also one of the most visited travel destination site of the world. Economic developments of
the nation has also been ensured through the travel and tourism activities that are performed in
the nation (Swarbrooke and Horner, 2012).
1.2 Structure of travel and tourism sector
There are different elements and components that combine together for making structure
of travel and tourism sector. It is vital that better amenities and facilities should be provided to
travellers that comes for visiting London. Tourism has become business which offers huge
success and growth opportunities for organization that are involved in rendering services in this
sector (Theobald, 2013). Different companies that provides services in this sector includes Cox
and kings, Thomas cook and online sites such as Hotels.com. Wide range of services are offered
by these companies and it helps for gaining satisfaction level of visitors. Structure of tourism
sector involves following components (Ryan Ninov and Aziz, 2012).
Travel and tourism sector:
Travel services :- Different types of travel services are offered by organizations that are working
in this sector and it includes hospitality services, accommodation services, food and
transportation services. All the facilities that are been provided to people helps for enhancing the
level of tourism in the industry.
Conferences and events :- It has become a trend among business groups for organizing their
seminars and conferences in leading hotel groups and travel sites (Dupeyras and MacCallum,
2013). It provides opportunity to corporate people for exploring new destinations and meeting
their business objectives at the same time. London has emerged as a major business destinations
over the years and it has helped in growth and development of the nation.
Visitor attractions :- Many initiatives are taken by private service provider groups and
government agencies makes efforts for attracting visitors for exploring the tourism sites of the
nation.
Accommodation services :- Hospitality industry works for offering better accommodation
services to people and it aids for gaining satisfaction level of travellers by meeting their needs
(Evans and et.al., 2012). Many leading hotel groups are offering their services in the nation and it
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