TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Effects of current and recent trends on tour operators industry.............................................1 TASK 2............................................................................................................................................3 2.1 Stages of developing a holiday..............................................................................................3 2.2 Suitability of different methods of contracting......................................................................3 2.3 calculation of selling price.....................................................................................................3 TASK 3............................................................................................................................................3 3.1 Planning decision for designing brochure.............................................................................3 3.2 Suitability of alternative to traditional brochure....................................................................4 3.3 Suitability of various distribution methods used to sell holiday............................................5 4.1 strategic decision made by different tour operators...............................................................6 4.2 Compare tactical decision......................................................................................................6 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................8
INTRODUCTION Operation management is considered as most essential task of any company. Travel companies have to manage trip of consumers, by preparing amazing holiday packages for them (Filby, Stockin and Scarpaci, 2015). Present study is based on Lcb tours that organize trips for visitors. It provides transportation, accommodation all kinds of services to its consumers in order to raise their satisfaction level.Current assignment will analyses effects of current and recent trendson tour operators industry. Furthermore, it will assess stages of developing a holiday. Report will evaluate suitability of different methods of contracting with reference to Lcb tours. At last,Study will describe planning decisions that are taken by tour operators for designing brochure. TASK 1 1.1 Effects of current and recent trends on tour operators industry Effects of current and recent trends on tour operators industry Touroperatorsare responsible for managing tours of travellers. There aremanyconsumers thosewhomake connectionwithtour operatorsforplanning their holiday (Shin and Byun,2015).Various touroperatorsare described as below: Inbound tour operator Theyarethe operatorsthosewhich arranges trip for foreign tourists.Many internationalclients Specialist tour operators They are another kind of operators those who are specialized in promoting a location. They generally arrange cultural, adventurous tours for individual (Cetin and Yarcan, 2017). Outboundtour operator Theyare anotherkindof operatorsthosewho offer travel packages to travellersoutsidethe country.Theyare specializedin providing multinational holidaytours.Lcb toursworksas outbound tour operator (Li and et.al., 2017). Domestictour operator Theyruntheir 1
came to the own country to visits attractive place. Inbound operators can be consideredashost representative.They design travel packages to consumers on the bases of their requirements. operators with country, theypromoteculture, diversity of own nation amongstcitizenof sameregion.They generallyconsiders needsofindividual client andaccordingly design travel packages. Recent trends in industry Technological advancement Developmentin technologieshave supportedcompaniesin offeringamazing servicestoconsumers andmakingdirect connectionwiththem. Nowinternet,pre- bookingetc.various facilities is available for consumers.Lcbtours ensuregivingall informationonits website, it uploads detail of its travel packages on itswebsite.Consumers can look upon it and can Environmentalawarenessand responsible tourism In recent time many tour operators arenowlookinguponenvironmental safety.Thus,theypromoteresponsible tourism so that natural resources can be protected. This aids in managing traffic in any location and controlling over pollution (Chanin and et.al., 2015). Economic changes Economic fluctuationcreates challengeof organization to sustain inmarketforlonger duration.Rising inflationimpactson spending of customers, insuchcondition demandoftravel packagescanget decreased. Whereas fall ininflationencourage travelling. 2
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selecttheirtravel packageaspertheir needs.Theycanbook tickets in advanced and cangetalldetailson their phone immediately. Thishelpsinboosting tourisminnationand improvingprofitability ofcompany(Miand et.al., 2014) TASK 2 2.1 Stages of developing a holiday Covered in PPT 2.2 Suitability of different methods of contracting Covered in PPt 2.3 calculation of selling price Covered in PPT TASK 3 3.1 Planning decision for designing brochure Brochure is the tool that helps in circulating information about holiday package of tour operators to the consumers. Many companies design attractive brochure for gaining attention of people and influencing their decision as well.In order to design attractive brochure Lcb tours has to make several planning decisions (Chanin and et.al., 2015). These are explained as below: ï‚·Cost: Company has to decide the amount that will be spend on brochure designing.In order to calculate cost it has to look upon the distribution, quality of prints, number of copies, wastage etc.If quality of prints is higher then it will increase the cost but if 3
quality is low then it might create issue in achieving the goal.Entity has to make decision to reduce the wastage so that overall cost can be controlled. ï‚·Format deciding: This is next planning decision in which Lcb tours has to look upon the matter whether it requires one fold, two folds brochure. If it prints booklet type of brochure then it might increase cost (Mi and et.al., 2014). Thus, entity has to make planning for the format so that content can be placed accordingly. ï‚·Target market and budget: This is another major element includes in planning decision, it has to decide to which firm wants to target. If it arranges adventurous travel then young people will be target, if it offers culture tour package then families, old people will be targeted thus, it is essential to decide the target market so that brochure can be colored accordingly. Then entity has to look upon entire budget. This will help in taking decision related to quality, volume etc (Xia and et.al., 2015). ï‚·Print specification: It is another phase in which Lcb Tours has todetermine nature of destination, style of font, size etc. If print specification is not correct then company will get failed to attract more people towards the brand. ï‚·Timescale and stage of production:Lcb has to take decision related to deadline of launch, season ability etc. This helps in increasing or decreasing demand for that holiday package in market (Ndope, 2015). 3.2 Suitability of alternative to traditional brochure In earlier times when technologies were limited, at that time tour operators have to design brochures to make people aware with the travel packages. Now in technological era it is not essential to print hard copy of such traditional brochure. There are several other suitable options that may help in attracting more people towards this new holiday package of Lcb tours: E-brochure Lcb tours can send soft copy of brochure to the email Id of consumers. This will help in gaining attention of people. Potential buyers those who are interested in this package will revert on mail. This is best and cost-effective option. This helps in minimizing printing cost of company and increasing demand as well (Filby, Stockin and Scarpaci, 2015). In this option, entity will not have to look upon quality of paper, etc. because this would be soft copy so attractive images, fonts can be used that can gain attention of potential buyers. E- brochure are able to increase demand because tour operators need not to directly contact with consumers. 4
Social media This is another suitable option for Lcb tours, in recent time many people use Facebook, Twitter etc. many social sites. It can upload this brochure on these sites. The main advantage of these sites are that videos, animated posts can be uploaded. By this way company can give many information consumers. If one person is reverting on these social platforms then it will influence decision of others as well (Shin and Byun, 2015). Outbound tour operators are generally taking support of This type of alternative option because this may help them in attracting foreign visitors and gaining attention of mass audience as well. Internet This is another suitable option in which company can give detail on internet. Whenever customer search for travel packages then they may find this brochure on internet. This will help in making direct contract with potential buyers and influencing their mind as well (Cetin and Yarcan, 2017). 3.3 Suitability of various distribution methods used to sell holiday Distribution is the method through which tour operators distribute the information of particular products to end user. There are several methods of distribution: Indirect or two level distribution Travel agents are the people those who works as intermediately between consumer and travel companies. They make contact with travellers and make them aware with the new holiday package of company (Yadav and et.al., 2017). Direct distribution It is most suitable channel through which entity can make direct contract with consumers. Internet, social media sites etc. are various platform through which enterprise can deal with consumers. This helps in offering cost effective products to travellers because no intermediary fees are included thus, it reduces cost of the holiday package. Government websites There are many tour operators generally outbound operators those who arranges travel in international countries for consumers. They have connection with regulatory bodies, they request to upload the information of holiday on government sites so that many people take interest (Xia and et.al., 2015). Government give details of attractive places in location and available travel 5
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offers on its website in order to gain attention of buyers. This is the suitable way to sell holiday to customers. 4.1 strategic decision made by different tour operators Organization aims to increase their profit and sustain in market for longer duration. For accomplishing these objective firms have to make several strategic decisions. These judgements are able to attract more people towards brand and improving its brand image as well. Pricing strategy is the most common and essential decision. Lcb tours provide outbound travel services to consumers (Szeto,2014). But it offers holiday packages to consumers at competitive price.It looks upon the pricing strategy of other competitors and accordingly decides its own prices. This helps the organization inmaintaining competition and generating demand as well. If pricing strategy is not correct then it might create issue for entity to sustain in market for longer duration (Ndope, 2015). Furthermore,Lcbtourshavetotakestrategicdecisionrelatedtopositioningand branding. Company has to promote its brand effectively by taking support of social media. This helps in making direct connection with potential buyers and identifying their needs. By this way it can design its holiday packages accordingly to their requirements. This helps in promoting brand and raising its brand image as well (Xia and et.al., 2015). 4.2 Compare tactical decision Lcb tours has to make correct tactical decisions that it can enhance demand in market. It has to give immediate response to its consumers. It takes support of social networking site for making connection with travellers. Consumers ask their quarries on these sites, company has to give immediate response to the quarries of potential buyers so that it can influence their decision and can make them positive towards brand. Furthermore, an Lcb tour has to take correct tactical pricing decision as well (Cetin and Yarcan, 2017). It has to offer holiday packages to customers at lower rates This will make the product affordable and will raise interest of many people. This is the way through which profit can be increased and entity can achieve its goal as well.For marketing the product and services of company, Lcb can take assistance of social networking sites. This is bets way of making direct connection with potential buyers and offering them goods and services according to their requirements. 6
CONCLUSION From the above study it can be concluded that tourism industry isfastest growing sector and has high contribution in economic development of nation. Tour operators have to design their brochure in attractive manner and have to take direct distribution method to reach to mass audience.Use of social networking sites help organization in identifying needs of consumers and designing travel packages as per their requirements. This is the best way through which demand can be increased and brand can be promoted well. 7
REFERENCES Books and Journals Cetin, G. and Yarcan, S., 2017. The professional relationship between tour guides and tour operators.Scandinavian Journal of Hospitality and Tourism.17(4). pp.345-357. Chanin, O. and et.al., 2015. Guidelines on Halal tourism management in the Andaman Sea coast of Thailand.Journal of Economics, Business and Management.3(8). pp.791-794. Filby, N. E., Stockin, K. A. and Scarpaci, C., 2015. Social science as a vehicle to improve dolphin-swim tour operation compliance?.Marine Policy.51. pp.40-47. Li, Y. and et.al., 2017. The concept of smart tourism in the context of tourism information services.Tourism Management.58. pp.293-300. Mi, C. and et.al., 2014. A new method for evaluating tour online review based on grey 2-tuple linguistic.Kybernetes.43(3/4). pp.601-613. Ndope, K., 2015.The Effect of Global Environmental Turbulence on the Performance of Firms in the Tourism Sector in Kenya: A Case Study of Tour Operators(Doctoral dissertation, United States International University-Africa). Shin, S. and Byun, B., 2015. Evaluation of Trail Facility and Operation-Management for WalkingTourRevitalization-focusonGanghwaNadeul-gil.JournalofWetlands Research.17(2). pp.176-183. Szeto, W. Y., 2014. Dynamic modeling for intelligent transportation system applications. Journal of Intelligent Transportation Systems.18(4). pp.323-326. Xia, B. and et.al., 2015. Sustainable retirement village for older people: a case study in Brisbane, Australia.International Journal of Strategic Property Management.19(2). pp.149-158. Yadav, A. S. and et.al., 2017. Analysis of seven stages supply chain management in electronic component inventory optimization for warehouse with economic load dispatch using genetic algorithm.Selforganizology.4(2). pp.18-29. Online Typesoftouroperators.2018.[Online].Availablethrough< http://www.iibmindialms.com/library/operation-management/supply-chain-management/ tour-operators-types/> 8
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