Role of Tourism in the Growth of the Australian Economy

Added on - 23 Feb 2020

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Running head:DECISION SUPPORT TOOLSDecision Support ToolsUniversity NameStudent NameAuthors’ Note
DECISION SUPPORT TOOLS2Table of ContentsIntroduction................................................................................................................................2Nature and characteristics of business.......................................................................................2Category of Business..................................................................................................................3Chosen Cohort of Tourists.........................................................................................................4Financing for the tourists...........................................................................................................5Business Ventures......................................................................................................................5Conclusion..................................................................................................................................7References..................................................................................................................................8
DECISION SUPPORT TOOLS3IntroductionTourism can be considered as one of the most significant facets that influences the growth ofthe Australian economy. These days, there are several factors that influence individuals totravel to different places. Work requirements of individuals also compel them to travel fromone place to another. However, other facets comprise of travel for educational purposes elsewise for holidays. Diversity of different categories of landscapes as well as regions hasalways fascinated tourists to different parts of Australia. However, the major site of Australiacomprise of rainforest, desert areas of red sand, coral island and for the most part the GreatBarrier Reef. Fundamentally, the tourism section of the nation has undertaken numerousnovel initiatives for the development of the same. Essentially, it can be hereby mentioned thattourism industry of the nation contributes towards 3% of the total GDP of Australia.Nature and characteristics of businessA precise strategy has to be designed by the tourism segment in a bid to attract more numberof tourists to visit the nation. However, one of the most significant types of business that canbe adopted based on tourism business is the business on travel agency (Amelung & Nicholls,2014). Again, the travel agency or else the travel agents deliver tourists with requisitefacilities as well as requisite services for roaming around the nation.Mahadevan (2014)asserts that it is the responsibility of the travel agency or else the travel agents to care for andlook after the tourists and deliver them a safe as well as relaxing place for staying, deliveringthem with appropriate transport whenever required, managing and planning tours. In essence,they can deliver all of these services separately or else offer the services together as acomplete package. In addition to this, tourists can also have the option to select the apt kindof assistance that they require. Again, tourism authorities therefore also have the need torecruit expert and professional travel agents who can deal with different kinds of difficulties
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