Understanding Tourism Industry: Importance, Challenges and Future

This presentation discusses the value and importance of tourism industry, challenges it is facing and future trends. It covers topics like hospitality, employment, income generation, and technologies driving change.

Academic Writing for
Business Management

Table of Content
 Introduction
 Understanding of tourism industry
 Importance of hospitality and tourism
 Current challenges facing tourism industry
 Future for tourism industry
 Conclusion
 References

Introduction
 Tourism industry is very immense and
broad in nature.
 This industry is also named as the travel
industry which is connected to an idea of
people roaming around the world.
 It can nationally, internationally, for
social, leisure and business objectives.
 This is commonly linked to the
hospitality industry, hotel industry as well
as transport industry.

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 The main aim is to keep tourists happy,
equipped and engaged with the things
they necessitate during the time of
travelling.
 This presentation aims to acknowledge
value of tourism and hospitality.
 It outlines the challenges that are facing
in tourism sector while discussing the
future side of tourism industry.

Understanding of tourism industry
 Tourism industry can be defined as all the
activities connected to the short-term
movement of individuals to places away
from they generally live and
accommodate.
 This industry is found as one of the most
largest industries, while nation's
economies are drive to a bigger extent
due to the support of tourism sector.
 It is also wider-ranging sector that covers
transport industry, hotel industry and a
couple of additional sectors or industries.

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 It is quite essential to comprehend that the tourist sector is more connected to movement to
varied locations based not only on business or leisure aims, but also some travel
influencers.
 Tourism industry come about people, activities and business entities covered in indulging
services for tourists on vacation as well as holiday.
 As the travel industry encompasses hospitality (restaurants and accommodations), travel
information and facilitation (tourist information centres, travel agents and tour operators),
transportation (car rentals and airlines) as well as entertainment and attractions (heritage
theme and sites, wildlife and national parks).
 These industry combines several activities and services such as tourism company,
accommodation, marketing, retail stores, food and beverage activities, transportation
services and many other activities.

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 In UK, there are couple of organisations
come under this industry such as EasyJet
and British airways comes in travel
sector, Premium Inn and Savoy Hotels
comes in hotel and hospitality sector and
many more.

Importance of hospitality and tourism
 As the tourists travel to new locations for
spending their time on vacations, for
business objectives and due to other
reasons as well.
 These individuals roaming new places
need accommodation to live and various
other services in order to stay
comfortably.
 Thus, both hospitality and tourism sectors
are nearly inter-connected with each
other.

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 As this industry is vast and fast-growing
in nature, it is projected to germinate
several employment opportunities and
help workforce around the world.
 It makes a vital contribution to the
development of economies of nation in
different ways.
 Creates employment
 Generate income
 Develops Diversification

Creates employment
 The vital contribution that the travel and
hospitality industry creates to the nation's
economy is developing job opportunities
to the local people.
 It offers direct employment opportunities
such as tour planners and operators, tour
guides travel agents, while in hotel
industry, resorts and restaurants.
 As the travel and hotel industry develop
so do these opportunities also grows.

Generate income
 Tourism and hospitality industries
develops income in a range of ways.
 The local government generates revenue
from these sectors as travellers makes a
massive investment in their travel plans.
 Individuals and tour organisations
covered in the sector also germinate
income on significant level.

Develops Diversification
 As tourism and hospitality industry is one
of the lucrative sectors, whether it is
mining, farming, manufacturing or any
other sector, an economy depends on, this
sector germinates diversification while
limiting risk factors.

Current challenges facing tourism
industry
 The travel and tourism industries is one
of great illustrations of the volatile
industry.
 To start with, this sector is not immune
from social, political and economic shifts.
 Most of factors are beyond the control of
travel organisations and boards of
tourism.

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 Some key challenges facing by the travel
and tourism companies are discussed
below:
 Impact of Coronavirus on world-
wide tourism
 Tax and tourism
 Technologies drivers of change

Impact of Coronavirus on world-wide
tourism
 The Covid-19 pandemic has hit the
world-wide economy and the travel sector
most of all.
 The coronavirus health crises has short-
term ruinous influences on the travel and
tourism industries, it is hard to practice
the tourism industry and is creating an
attention to a sequence of issues such as
viral globalization, poor risk
management, travel of diseases with
travellers to cross boundaries.
 Hence, it is a greater challenge among all.

Tax and tourism
 The tourism industry is a highly taxed
industry in some of the major countries.
 Different taxes are imposed across the
travel line right from the transporters,
tour planners and operators and hotels to
airline sectors.
 It covers taxes such as service taxes, tax
on transportation, luxury tax, tax on
aviation fuel and many more on
transportation.

Technologies drivers of change
 Technologies are fast penetrating into
different facets of life. The future of
tourism will be ascertained and indulged
by technology.
 The Internet plays a vital role for
marketing and advertising the tourist
brands.
 A groovy website refers that small remote
locations can vie on equal basis with the
tourism giants.

Future for tourism industry
 No more crowded tourist places
 Before the explosion of virus, travellers were roaming around the cafes, bars and on
the streets without any fear in their mind.
 Exploring crowded places was invigorating and exciting.
 People liked to stroll through busy markets, having meals at a bistro full of crowd.
 Now, people have become more cautious towards their health and new situations
necessitates social distancing.

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 Although, the situation is improving, but the tourists will be fond towards visiting places
that maintain social distancing.
 Tour planners and operators will have to be innovative and plan tours that avoid public
transportation or overcrowded places.
 Thus, such plans will be pleasing by the tourists.
 Travel planners can organise remote area trips where individuals who know each other can
create a group or biking tour or environment park to keep social distancing.
 Also, sustainability will bring back lost job opportunities.

Internet of Things (IOT)
 It is known as one of the most promising
technology for travelling.
 It covers internet supported inter-
connectivity between systems.
 Therefore, letting systems through
sensors to give and receive messages.
 IOT devices are already having the
position within the travel and tourism
industry and their use is going to exceed
lately.

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 For instances, IOT technology system can be installed in restaurants and hotel rooms that
link to almost everything form TV to lights to A.C., letting all to be harnessed from a single
device or smartphone.
 While in airports, these sensors can be harnessed on baggage that will heads-up travellers
when they reach on the moving belt.
 In the upcoming time, there will be a chance of Robots greeting travellers in front of hotel,
restaurant or airport.
 Chatbots will be exploited for serving clients. It powered by AI is prompt and faster is
resolving queries of customers.

Conclusion
 On the basis of above presentation, it is said that travel and tourist industry is very big in
nature as it contains several other industry as well.
 Travel and tourism sector involves hotel industry, restaurants, transportation and many
more.
 With this presentation, the value and importance of tourism industry is discussed as it helps
in generating income for the government and creating employment opportunities to the
people.

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 Somehow, especially, due to the Coronavirus, this industry is facing major issues as people
have fear to go out on holidays or for any purposes.
 The upcoming trends are outlined that might be done in near future.

REFERNCES
 Adedoyin, F.F. and et.al., 2021. Environmental consequences of economic complexities in
the EU amidst a booming tourism industry: accounting for the role of brexit and other crisis
events. Journal of Cleaner Production, 305, p.127117.
 Butler, R., 2020. Tourism–resilient but vulnerable as “the times they are a changing” in the
“new normality”. Worldwide Hospitality and Tourism Themes.
 Jeaheng, Y. and Han, H., 2020. Thai street food in the fast growing global food tourism
industry: preference and behaviors of food tourists. Journal of Hospitality and Tourism
Management, 45, pp.641-655.

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 Kang, S., Kim, W.G. and Song, H., 2019. Exploring the role of travel and tourism in
sharing economy activities: a case study of South Korea. Journal of Quality Assurance in
Hospitality & Tourism, 20(5), pp.599-616.
 Lew, A.A., 2020. The global consciousness path to sustainable tourism: a perspective
paper. Tourism Review.
 Pencarelli, T., 2020. The digital revolution in the travel and tourism industry. Information
Technology & Tourism, 22(3), pp.455-476.
 Tourism and Its Importance : Introduction to Tourism, Hospitality ; Hotel Industry, 2020.
[Online] Available Through: <https://hmhub.in/tourism-importance/>