Impact of Inflation on Travel and Tourism Industry: A Study on Travelodge UK

RESEARCH PROJECT

Table of Contents
INTRODUCTION...........................................................................................................................3
a) Definition from research of inflation.......................................................................................3
b) list of events that can lead inflation.........................................................................................3
c) Aims and objectives of the research........................................................................................3
MAIN BODY..................................................................................................................................3
a) Quantitative data of inflation...................................................................................................3
b) Negative and positive impacts inflation can have on the tourism industry.............................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................1

INTRODUCTION
a) Definition from research of inflation
Inflation is the rate of inflation in prices over given period and it is typically a broad
measure such as overall increase in prices or increase in cost of living in country. Inflation can
not be measure by increase in costs of one product but also there are several products or services.
On the other side it has been analysed that the general increase in overall price level of goods and
services in economy (Meo, Ali and Masood Sheikh, 2018). According to Adam smith it has
been analysed that quantity of money and bank notes in circulation and quantity of bank deposits
subjects to check. Inflation can cause by global issues such as during covid-19 it is impacting
that inflation can cause by demand pull inflation can by consumer demand for products or
services. On the other side the costs of production increases at that times which impact by
increases in prices as well as in most of the cases it has analysed that there it can cause higher
price of products that can causes energy rises as well as it can increase the level of product. In
context to tourism sector it also affected by increases in prices of hospitality industry by
increases high prices of food production also which causes inflation as well as it is necessary to
focus on other aspect that is necessary for consider .
b) list of events that can lead inflation
There are different types of event which can lead inflation such as interest and global
events because higher interest rates refers as higher borrowing costs, people will eventually start
spending less. The demand for goods and services will drop that can also cause inflation to fall.
Similarly, to combat it is rising inflation in the year 2022 (Hang and Pham, 2020).
c) Aims and objectives of the research.
Aim- To investigate impact of inflation on travel and tourism company UK. A study on
Travelodge
Objectives-
 To analyse the cause of inflation in an economy.
 To assess the impact of inflation on tourism company.
MAIN BODY
a) Quantitative data of inflation
There are different by which inflation can be calculating in order to focus more on better
understanding of how inflations can be arise. From national and price indices it can be said that