This project analyzes the operations of LCB Tours, a UK-based tour operator, within the context of the travel and tourism industry. It examines historical developments, current trends, and the challenges and opportunities faced by the company.
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Task 1 1.1 Key historical developments in the travel and tourism sector Inbound Tour Operator-: They are locally based tour operators and they work forpromotionoflocaldestinationtothe interestedtravellers.Theyaremostlythe business owners and leaders of industry of that region and they all work together for promotion of destination. In simple words it canbesaidastheyaremostimportant channelsthat are available for small city tours for the travellers (Marchoo, Butcher and Watkins, 2014). The following are the current and recent trends for the inbound tour operators-: OutboundTourOperators-:These typeofOperatorstaketravellersofone country for travelling in the another country. Theoutbound tour operatorstake tourists to allovertheworldandeventodifferent continents.Organisationswhichprovide localassistancetothesetypes oftouristsarrivingintheircityarecalled Inbound or ReceptiveTour Operators (Nagle and Müller, 2017). In simple words it is said as visitors visiting outside there country or territory with these type of operators. UKOutboundTourOperators-: Thesearethetouroperatorswhichtake traveller of UK to outside there country for travelling and tourism purposes are known as UK Outbound Tour Operators. SpecialistTourOperators-:These type of tour operatorsforms special holidays and they are specialised in providing services atparticulardestinationsforaparticular holiday. Specialist tour operators also have to take more care for the places as the people and environment of that destination may try to provide the negative effects of holiday (Long and Shi, 2017). Currentand Recent Trends InboundTour Operators Outbound Tour Operators UKOutbound Tour Operators Specialists Tour Operators Advancements in Technology Bytheuseof technologythe travellerscan directlyvisitto localtourist without any help of tour operators. With the use of technologythe travellers visiting todifferent countrycan easily book there hotels and flights without the help ofOutbound TourOperators whichaffects therebusiness growthand revenue. The advancementsof technology effect on UK Outbound touroperators that the travellers thatarevisiting to UK or going outsidetoUK they need no help for these type of operatorsthey directlymaker there bookings(Raj and Griffin, 2015). As such there is nodirecteffect on Specialist tour operatorsof Advancementin technologyas theyprovide packagesfor special destinations wherebookings arenoteasily availableand maybethese type of places are safetotravel withoutany assistance. LowCost Carriers As such there is nodirecteffect on these type of operators as they managelocal touristplaces. Butindirectlyit effectsas becauseofthis touristcanvisit frequently which willhelpin growingthere revenue. Thelowcost carriershad increasedthe traveland tourismbusiness asthetourists willtravelmore asbecausethe expensesof travelling will be lesswhich directly affects in increasein incomefor outboundtour operatorsas travelling will be increased. Theywillalso have same effect oflowcost carrierwhich Inboundand Outbound Tourists operators as they alsoprovidethe sameservice whichthey provide. With the help of lowcostcarrier therevenueof specialisttour operatorshad also increased as becauseofthe samereasonas thecostof travellinghad become less and travellerscan travel more with less spending/ Rise and Fall of Inflation It directly effects traveland tourismbusiness as if there is rise ininflationthe spendingpower of tourist will be lowerandvice versa if inflation is lower (Benur, andBramwell, 2015).There maybechances ofincreasein revenuewhen thereislower inflation rates in thedestination wheretourists arrived Theeffecton thesetypesof operators will no t be directly but indirectlyasthe countywhichis havinglower inflation rate will bevisitedmore so,thetourist willtravelthere more.Soif attractive packages for that country provided, it may increasethe growthof business Theeffectof inflation on these type of operators totallydepended ontheinflation rate of UK. As such there is noeffectof inflation rates on these type of tour operators as if the travellerswants to go that he will notstopeven theyhaveto spend more as it istotally dependedupon thechoiceof travellers. Research aboutLCB ToursTour Operator in UK 1.They are providing award-winning tours to their customers. 2.TheyareOperatingeffectivelyby earning a good revenue. 3.They operate as both inbound and outbound tour operators. 4.Theyprovidedassistanceand holiday packages for travelling all over the world. REFERENCES Marchoo,W.,Butcher,K.and Watkins, M., 2014. Tour booking: Do travelers respond to tourism accreditation and codes of ethics initiatives?Journal of Travel & Tourism Marketing.31(1). pp.16- 36. Nagle, T.T. and Müller, G., 2017.The strategy and tactics of pricing: A guide to growing more profitably. Routledge. Benur, A.M. and Bramwell, B., 2015. Tourism product development and productdiversificationin destinations.Tourism Management. 50. pp.213-224. Inbound Tour Operator Specialist Tour Operators-Outbound Tour Operator UK Outbound Tour Operators