Impact of Inflation on Globus Travel Organization

This report analyzes the impact of inflation on Globus Travel Organization and discusses inflation management theories deployed to control it. It includes the company background, key operations and markets, and the main causes of inflation. The report also provides an overview of the inflation management theories deployed by the company.

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Introduction
Inflation refers increase in the overall price of the products
which makes it complex for the buyers to afford such
products. This facilitates increment in the rate of different
commodities such as food, clothes, groceries, transportation
and more that directly affect buying capacity of users and also
minimize their potential to avail the better & effective
services (Ghosh, 2021). Due to the inflation, customers are
likely to purchase less quantity of items through available
funds as their earnings are not same like past years.
Key operations and markets •Conclusion
It can be concluded that
Inflation refers increase in the
overall price of the products
which makes it complex for
the buyers to afford such
products. This facilitates
increment in the rate of
different commodities such as
food, clothes, groceries,
transportation and more that
directly affect buying capacity
of users and also minimize
their potential to avail the
better & effective services.
Inflation management theories
deployed
•Control monetary policy: This is
based on association of inflation and
supply of money across the economy.
Inflation can be controlled by
controlling the monetary supply
within the economy of country (Khan,
Kim and Kim, 2018).
•Supply-Side policies: It creates an
imperative role by having direct
impact on long-term cost which
further increased competitiveness and
efficiency of the economy.
•Fiscal policies: Through this theory,
level of inflation within the economy
can be controlled across the society. It
is possible to minimize the spending
demand with the help of income tax
rate.
Company background and overview
Globus travel organization was founded in the year of
1928 so that the passengers can be taken across Lake
Lugano by using a rowboat. Further, paid holidays
started to offer which further help the business owners
in expanding the business. Also, they start to include
taxis on land, operational right to local routes, a fleet
of twelve coaches and more. In addition, they also
started to offer a complete holiday packages to
passengers including various services such as rooms,
hotels and so on.
Globus travel organization is a well-known entity
which is known for arranging effective tour plans for
the individuals based on different locations such as
Australia, Newzealand and more. Also, they include
ample of brand like cosmos and so on. The main aim
of the respective entity is to improve overall
experience of tourists by maintaining services at the
superior level. They are offering tour & travel services
for last 90 years which helps in terms of developing
trust of individuals. For this purpose, they maintain
top-notch transportation facilities along with VIP
access.
References
•Cannonier, C. and Burke, M.G., 2017. Tourism and financial development in small states:
Evidence from Caribbean countries. Tourism Economics, 23(6), pp.1369-1377.
•Ghosh, S., 2021. Business Confidence and Business Tourism in Japan. Journal of
International Commerce, Economics and Policy, 12(01), p.2150003.
•Khan, N.T., Kim, Y.H. and Kim, Y.B., 2018. The dynamic impact of low-cost carriers on
full-service carriers and the tourism industry of South Korea: a competitive analysis using
the Lotka–Volterra model. Asia Pacific Journal of Tourism Research, 23(7), pp.656-666.
•Tan, Y., 2017. Hotel-specific, industry-specific and macroeconomic determinants of
profitability in London Hotel industry: Structure-Conduct-Performance or Efficient-
Structure hypothesis?. Available at SSRN 2943487
•Online
• CELEBRATING OVER 90 YEARS AS A LEADER IN THE TRAVEL INDUSTRY,
2022. [Online]. Available through :<
https://www.globusandcosmos.com/unitedkingdom.html/>
In the current time, inflation is significantly increasing that is
likely to have direct impact on the products and services. It
increased the rate of products and become it difficult for the
individuals to avail such products or services. The main
causes of inflation can be understood as imbalance between
demand and supply of monetary resources and more. Further,
uneven distribution of monetary resources also caused higher
inflation within the economy as it makes complex for buyers
to purchase the suitable commodities (Tan, 2017). Also,
inflation puts a major impact on the operations and functions
of tour and travel company. In current time, COVID-19
caused high inflation due to creating imbalance between
supply and demand of products. Due to the pandemic, rate of
hotel rooms and other services got enhances hence, it become
complex for the individuals to avail hospitality services.
Inflationary periods and main
causes and its impact on company

Company Background and
Overview
Globus travel organization was founded in the year of 1928 so that the passengers can be taken across Lake
Lugano by using a rowboat. Further, paid holidays started to offer which further help the business owners in
expanding the business. Also, they start to include taxis on land, operational right to local routes, a fleet of
twelve coaches and more. In addition, they also started to offer a complete holiday packages to passengers
including various services such as rooms, hotels and so on.
The respective company is known as a prestigious and forerunner travel planner of UK. Here, the respective
entity is likely to offer holiday packages to customers to different locations such as South Pacific,
Newzealand, Canada and so on. In addition, they offer holidays to travelers along with effective travel styles
also included different features to improve the overall experiences of passengers. As a result, they become
enable to secure better position across the travel companies worldwide. They become one of the most leading
travel companies worldwide by serving more than 5000 professional in an efficient manner (CELEBRATING
OVER 90 YEARS AS A LEADER IN THE TRAVEL INDUSTRY, 2022).

Key Operations and Market
Globus travel organization is a well-known entity which is known for arranging effective tour plans for the
individuals based on different locations such as Australia, Newzealand and more. Also, they include ample of
brand like cosmos and so on. The main aim of the respective entity is to improve overall experience of tourists by
maintaining services at the superior level. They are offering tour & travel services for last 90 years which helps in
terms of developing trust of individuals. For this purpose, they maintain top-notch transportation facilities along
with VIP access. Here, the respective entity is likely to offer holiday packages to customers to different locations
such as South Pacific, Newzealand, Canada and so on. In addition, they offer holidays to travelers along with
effective travel styles also included different features to improve the overall experiences of passengers. As a
result, they become enable to secure better position across the travel companies worldwide. Moreover, they have
team of expert individuals who offer the best possible experiences and services to the passengers.

Inflationary period and main
causes
In the current time, inflation is significantly increasing that is likely to have direct impact on the
products and services. It increased the rate of products and become it difficult for the individuals to
avail such products or services. The main causes of inflation can be understood as imbalance
between demand and supply of monetary resources and more. Further, uneven distribution of
monetary resources also caused higher inflation within the economy as it makes complex for buyers
to purchase the suitable commodities (Tan, 2017). Also, inflation puts a major impact on the
operations and functions of tour and travel company. In current time, COVID-19 caused high
inflation due to creating imbalance between supply and demand of products. Due to the pandemic,
rate of hotel rooms and other services got enhances hence, it become complex for the individuals to
avail hospitality services.

Inflation management theories deployed
To gain appropriate outcomes, there is requirement to have control over inflation. With an aim to
control the inflation, it is imperative to construct suitable theories (Cannonier and Burke, 2017).In
reference of the selected company, they are likely to encounter high rate of inflation that will create
further issues and complexities by creating imbalance between demand and supply of monetary
resources. To control the situation suitable theories are mentioned as under:
Control monetary policy: This is based on association of inflation and supply of money across the
economy. Inflation can be controlled by controlling the monetary supply within the economy of
country (Khan, Kim and Kim, 2018). By following appropriate approach, the inflation within the
economy can be controlled easily.
Supply-Side policies: It creates an imperative role by having direct impact on long-term cost which
further increased competitiveness and efficiency of the economy.

Conclusion
It can be concluded that Inflation refers increase in the overall price of the products which
makes it complex for the buyers to afford such products. This facilitates increment in the rate
of different commodities such as food, clothes, groceries, transportation and more that
directly affect buying capacity of users and also minimize their potential to avail the better &
effective services. The above report is based on globus travel organization that is a popular
travel company to arrange tour packages of passengers for different locations. Moreover,
different theories have also been included to deal with the adverse impact caused by
inflation.