Source of Economic Development and Foregin Exchange

TRAVEL AND TOURISM ORGANISATIONS
IN A GLOBAL CONTEXT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1................................................................................................................................................1
1.2................................................................................................................................................2
1.3................................................................................................................................................3
TASK 2............................................................................................................................................4
2.1................................................................................................................................................4
2.2................................................................................................................................................4
2.3................................................................................................................................................5
TASK 3............................................................................................................................................6
3.1................................................................................................................................................6
3.2................................................................................................................................................6
3.3................................................................................................................................................7
3.4................................................................................................................................................8
TASK 4............................................................................................................................................8
4.1................................................................................................................................................8
4.2................................................................................................................................................9
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
One of the fastest growing industries is travel and tourism in UK. It is the major source of
economic development and foreign exchange. Hospitality sector supports in promoting culture of
country all over the world. In modern era people have no time for own self, in such busy life
people like to travel to various locations to reduce stress; various tour operators provide them
attractive packages of travel alone with accommodation and entertainment facilities. There are
many travel agents, operators etc. who are engaged in this sector. Present report will focus on
travel and tourism organizations which are operating globally. Various economical and
government influences impact on the performance of such entities and all these factors will be
illustrated in the assignment (Mowforth and Munt, 2015). Technologies are important element
which enhances business of such firms and this gives chance to organizations to enter into
international market. Impact of such advanced techniques will be covered in the report.
TASK 1
1.1
Travel and tourism both look same in nature but have huge difference. Travel is limited
to transportation whereas tourism offers all facilities like accommodation, food services,
entertainment etc.
Travel organization Tourism organization
Value:
£106.9bn
Value:
£126.9bn (9.0%) of UK GDP
Products: travel entities offers transportation
facilities like air travel arrangement, bus
arrangement, etc. as per the budget of the
person.
Products: Tourism organization offers whole
tour package to the traveller like it reserves air
tickets, book hotels, provide food,
entertainment facility etc. to the visitor.
These kinds of firms organize all things as per
the requirement of the customers (Mowforth
and Munt, 2015).
Tourism entities organize packages for public,
consumers can select best suitable package for
them. They offer different products like
historical travel, adventures activities etc.

Revenue £29bn
Government supports travel sectors and it has
increased the road lines, provides more airline
roots and makes travel easy for the traveller.
Revenue: £125.2bn
Government contribution in tourism sector is
amazing as it has developed parks, visitor
attraction points, resort to promote tourism.
Visitors can book their tickets through internet. Customers can select best suitable package and
contact the companies easily through online
medium (Paraskevas and et. al, 2013).
1.2
There are so many Travel and tourism organizations which are working worldwide.
Thomson, Easy Jet Holidays, Wexas Travel etc. are some travel operators which organize travel
arrangements for the traveller and provide them all accommodation facilities. These
organizations have various responsibilities which are as below: Responsibility towards employees: Duties of travel and tourism organizations towards its
employees are important. Employers are responsible to provide their workers with
training so that they can perform better for the enterprise. To motivate them and to
encourage them for doing good work is another responsibility of the business entities.
Company has to satisfy its workers by giving attractive wages and incentives. Travel
industry is the vast sector and regularly many up-gradations have takes place so it is
essential to provide necessary training so that they can know and understand benefits of
the advanced techniques (Gursoy, Saayman and Sotiriadis, 2015). Responsibility towards customers: Thomson Company is doing well in market and
providing all essential services to its consumers. Major responsibility of the business unit
is to satisfy them and to make safe arrangement for them. For that travel operators has to
provide them efficient accommodation facilities so that they like the workplace.
Companies have to arrange their food, living, travel arrangements and apart from it the
entity is responsible in providing them with local guide facility. Responsibilities towards government: Travel's organization is responsible to support
government in the economic development (Mowforth and Munt, 2015). Companies are
liable to follow all trade regulations provided by government without any failure.