Table of Contents Report...............................................................................................................................................3 Relate...............................................................................................................................................3 Reason..............................................................................................................................................4 Recommendation.............................................................................................................................4 References........................................................................................................................................6 2
Report With the increase in globalisation and technological advancements the trend of travel and tourism has increased which has also enhanced the scope of hospitality or tourism industry leading to increased chances of growth and development of many destinations. After learning about the six global megatrends which are affecting the hospitality and tourism industry i have understood that it is important that the tourism industry needs to expand sustainably. It is important so that the needs of travellers now and of the next generation can be efficiently fulfilled and it can continue to grow efficiently without harming the environment negatively. Technology can be utilised effectively so that conservation of energy can be done simultaneously providing highly effective services to customers so that positive impact of tourism can be created on the environment. Also i learnt that technology can help in engaging more customers by providing them virtual experience through AR and VR techniques so that more number of tourists can be attracted. Security also plays an important role in enhancing tourism as this help in ensuring peace, security and safety and so it is important that countries come together to restore global peace to increase tourism. Also people from various economic backgrounds and ages are preferring travel and tourism which requires effective management of resources so that the opportunity can be utilised and economic advantages can be achieved. Thus this subject helped me in understanding about the factors which are helping in boosting tourism industry so that these factors can be efficiently utilised through innovations and critical thinking. Relate While learning about the subject my knowledge related to tourism industry increased which helped in understanding about the trends of travel and tourism in market and how it can be boosted. The learning of the topic also helped me in critically analysing the factors so that their negative impacts on the industry can be minimised thereby maximising the positive impacts so that tourism can be boosted globally and an integrated global community can be developed. The six global megatrends which are related to tourism industry helped in understanding about the importance of technology, innovation, security, digitalisation etc. in improving tourism. I also learnt that aging population is the fastest growing segment in tourism industry which means that the resources provided to them must be able to satisfy the customer requirements. Tourism related to heath is also increasing which include spa, ayurvedic treatments etc. so that overall 3
comfort and relaxation of body and mind can be gained. South East Asian countries are increasingaspotentialdestinationsfortravellingwhichmeansthatitisimportantthat sustainable approaches are applied by these countries so that travel and tourism can effectively increase.Digitaltechnologyplaysanimportantroleinenhancingthepersonalisationof experiences for customers which can help in increasing tourism in various destinations along with increasing security and political stability of these places. Learning this subject helped me in becoming more critical and analytical so that the megatrends can be closely analysed and effective solutions in areas where improvement can be made were found by me. Reason The subject related to six mega trends has helped me in enhancing my knowledge on factors which help in enhancing the tourism industry so that the knowledge can be practically applied and help me in my personal and professional development. After understanding these factors i can use my knowledge in developing finding ways through which tourism can be increased and better facilities can be provided to tourists. This study can also help me in future so that i can build my career in travel and tourism industry which can help me financially and also support in my success and future growth and development. This study is important as it help in improving the knowledge regarding sustainability in tourism industry so that the future generations can apply their knowledge effectively in improving the industry effectively. This study can also help me in developing my innovative thinking so that i can help in improving and enhancing the utility of this industry so that high profits can be generated. Better knowledge related with this industry can help me in finding job in my desired hotels so that i can succeed in my career. Also the six mega trends are important so that students can develop knowledge on how effectively customer needs are fulfilled so that an industry can grow in market. Technological advancements needs to be integrated in the tourism industry so that better outcomes can be achieved and growth in the industry can be achieved. Recommendation From the above discussion it can be said that as the countries are becoming more connected through increased globalisation along with the integration of technological advancements the travel and tourism industry is expanding effectively. It is therefore important that these trends are closely analysed which can help in improving the tourism industry through effective application 4
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of knowledge so that the needs and wants of customers can be effectively met. This can help in enhancing customer satisfaction which is essential in expanding an industry. From the study of six global megatrends it can be said that certain improvements can be made which can help in making the hospitality and tourism industry even better. Improved transportation and increasing the affordability of hospitality industry can help in increasing travel and tourism of a place. Use of digital techniques like AR and VR can help in enhancing the customer interests and help in improving tourism industry. Adopting CSR policies can help in enhancing the sustainability of tourism related to a tourist location. Political stability, peace and low rate of terrorism are important for a location which makes it important for government to improve their relations with other nations. Apart from the above recommendations i also have certain new ideas which can be implemented to improve tourism industry like using solar energy which can help in increasing energy conservation, use of SEOs to track the interests of customer so that services can be developed accordingly, promoting the main attractions of a place along with competituive facilities which can help in enhancing tourism etc. can be implemented to increase tourism and also to adapt to the emerging global megatrends. 5
References Books and Journals Abeyratne, R., 2017.Megatrends and air transport: legal, ethical and economic issues. Springer. Benckendorff, P. and Zehrer, A., 2017. The future of teaching and learning in tourism. InHandbook of teaching and learning in tourism. Edward Elgar Publishing. Day, J.W. and Hall, C., 2016.America’s most sustainable cities and regions: surviving the 21st century megatrends. Springer. Doorly,V.B.,2020.Megatrends,Macro-Trends,TrendsandFads:JargonExplained. InMegatrends Defining the Future of Tourism(pp. 17-25). Springer, Cham. Moutinho, L. and Vargas-Sanchez, A. eds., 2018.Strategic Management in Tourism, CABI Tourism Texts. Cabi. Treiblmaier, H. and Önder, I., 2019. The impact of blockchain on the tourism industry: a theory- based research framework. InBusiness Transformation through Blockchain(pp. 3-21). Palgrave Macmillan, Cham. Veiga, C., Santos, M.C., Águas, P. and Santos, J.A.C., 2017. Are millennials transforming global tourism?Challengesfordestinationsandcompanies.WorldwideHospitalityand Tourism Themes. Weir,B.andFogarty,J.,2016.Sustainabletourism-stillan'emerging'issueforthe industry?.CAUTHE 2016: The Changing Landscape of Tourism and Hospitality: The Impact of Emerging Markets and Emerging Destinations, p.1249. 6