How Tourism Contributes Towards the UK Economy Assignment

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Added on 2020-10-04

How Tourism Contributes Towards the UK Economy Assignment

Added on 2020-10-04

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How tourism contributes towards the UK economy

Table of ContentsINTRODUCTION...........................................................................................................................................3Main Body....................................................................................................................................................3CONCLUSION ..............................................................................................................................................5

How Tourism Contributes Towards the UK Economy Assignment_2

INTRODUCTIONTourism is considered to be as the important sector in united Kingdom which has contributed a lot towards economic development of nation and generation of employment for people. In present era, spending holiday and traveling for educational or business purpose has become the common trend. Social factor has supported industry in achieving success and fostering growth. Tourism sector It stimulates trade, income and entrepreneurship specifically in small business sectors. Tourism sector also contributes to the regional development and assist in promoting the destination. It also helps in generating the cultural awareness and plays significantrole in attracting visitors. Tourism generates foreign exchange which can be utilized for bringing improvement in the nation. It also provides government to earn income by collecting taxes.The purpose of the report is to identify the way tourism contributes to the economic development of United Kingdom.Main BodyThe hospitality industry includes enterprises that provide accommodation, meals and drinks in venues outside of the home. These services are provided to both UK residents and overseas visitors. Hospitality sector covers the provisions of accommodation, food, drinks which are provided by travel companies to visitors. Tourism is recognized as the important market sector in United Kingdom which is contributing towards economic growth of a country. Tourismindustry in UK is taking high initiative for promoting the destination and influencing visitors to visit particular destination. Tour and travel companies are developing as well as introducing the attractive tour packages for attracting traveler to make choice to visit particular destination. Tourism is regarded as the sixth largest industry in the United Kingdom bringing approx. £104b income every year. The main sectors of the tourism industry in United Kingdom are hospitality, attractions, events, visitor transport, education and tourism services. Tourism industry also contributes to the social development of nation. Many of the countries are trying to compete withtourism sector in United Kingdom. Government in United Kingdom is also supporting tourism industry in fostering growth and attracting the visitors. Legal authority has providing funds to tourism industry which is them utilized by tour and Travel Company for development or improvement of destination (CarverandByrd,2008) The tourism sector has taken permission from the legal authority in the nation for opening of casino, for attracting the visitors and provides them entertainment facilities. Travel and Tourism Company in United Kingdom has reduced the prices of products as well as services which has allowed firm to attract wide number of traveler. Low pricing strategy has been adopted by tourist to target foreign tourist especially those who are interested in traveling with low budget. The tourism sectors in United kingdom offers wide range of tourist attractions and in return earn high amount of income which is contributes towards the economic as well as social development of nation. The travel and tour companies in United Kingdom also provide wide variety as well as range of services to visitors

How Tourism Contributes Towards the UK Economy Assignment_3

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