This report analyzes the tour operations industry, focusing on LCB Tours and the impact of current trends like technology advancements, Brexit, and environmental awareness on their operations and strategic decision-making. It also explores the stages involved in creating a holiday package and determining its selling price.
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TOUR OPERATION MANAGEMENT The travel and tourism sector is one of growing sector. LCBtours sis a travel company and it provides the better tout package as well as other services to consumers in context to satisfy wants and requirements. The main objective of this company is to enhance the market share. In the travel industry, tour operator plays a necessary role because they guide the tourists about the destination places. Different tour operators are mention below as above: Specialist Tour Operators-They give the service to nichemarketwhichhassomeinterestinspecific geographical area for particular type of activity. It is based ongeographicalarea as wellasvisitorsthey handle. Inbound Tour Operators-These tour operators provide the trips with in country to visitors which are visiting from the other countries. They give the local assistance for visitors which are arriving in their country. Inbound tour operators make local arrangements for pick up and drop services, arrange local service, provide the local guides etc. Domestic Tour Operators- It includes residents of country that travelling only within own country. They have upper hand in context to know domestic seasons, In regards to this, they can be repeat trips, sense demand of the local market etc. UK Outbound Tour Operators-Under this, they provide the multinational tourism. This tour operator takes the residents from one country to the another for travel. They sell the tour packages to consumers in own country who wants to travel in another country. Current/Recent trends and developments Advancements in technology-In tourist sector, technology plays a necessary role because it helps in transform the business. Through advance technology, LCBcompany provides the online services to tourists so that they can book early. Effect of Brexit on Tourism-Tourism and travel has been winner from 2016 Brexit vote that pushed down value of pound, making Britain more attractive destination for holidays fort the foreign visitors. Increased environmental awareness and Responsible tourism-IT is necessary that tourists should be aware about make safe the environment. If the environment will be safe then tourists will travel without any issue. Responsible tourism helps in reduce negative environmental, social and economic effects. Effects of current and recent trends and developments on the tour operations industry