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Impact of Supply and Demand on Tourism Industry

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Added on  2020-06-04

Impact of Supply and Demand on Tourism Industry

   Added on 2020-06-04

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TRAVEL AND TOURISM
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Table of ContentsIntroduction.................................................................................................................................................71.1 Explain key historical developments in the travel and tourism sector..................................................7Explain the structure of the travel and tourism industry.............................................................................82.1 Analyze the function of government, government sponsored bodies and international agencies intravel and tourism.......................................................................................................................................92.2 explain how local and national economic policy influences the success of the travel and tourismsector.........................................................................................................................................................112.3 discuss the implications of political change on the travel and tourism sector in different countries. .113.1 explain factors affecting tourism demand...........................................................................................123.2 explain how supply has changed to meet the effects of demand........................................................134.1 evaluate the main positive and negative economic, environmental and social impacts of tourism....144.2 explain strategies that can be used to minimize the negative impacts while maximizing the positiveimpacts......................................................................................................................................................15Conclusion.................................................................................................................................................15References.................................................................................................................................................17
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Introduction Travel and tourism has been regarded as rapidly growing industry in the world as people inpresent time are enthusiastic towards work as well as carry out travelling for leisure, relaxation,adventure and many others. The need on part of this industry is to provide quality services in adiversified manner so as to generate high amount of business from the travellers (Le-Klähn andHall, 2015). The report has given an emphasis on history as well as structure of UK travel andtourism industry followed by studying how it is influenced by local/national governments andinternational agencies as well as economic policies. Emphasis will further be given on impact ofsupply and demand on tourism industry of London followed by analyzing the positive andnegative impacts and presenting recommendations for the same. 1.1 Explain key historical developments in the travel and tourism sector Early explorers – this stage was marked by first sailing vessel and invention of wheel,building of roads and travel through caravans. Roman Empire brought travel of freedomwhich is also seen during the time of Jesus when he travelled a lot with his disciples. Late 16th century – This was time of Grand tour which was a traditional trip taken byupper class families of London who were accompanied by Chaperons. The 16th centuryfurther saw the development of roman baths and tourist towns that had presence of spaswhich in present era is known as spa tourism (Raj and Griffin, 2015). 17th century - In Georgian era that dates from 1714 to 1830, City of bath became mostpopular destination for spa and was later known as Georgian spa city. Grand tours werestill popular in 17th century which was followed by development of Cox and kings thatwas the first known travel agency. 18th century - Thomas Cook in 1845 ran the first commercial packaged tour,which hadrailway tickets as well as printed guide (Telfer and Sharpley, 2015). Skating furtheremerged as a new attraction for visitors to London. Other than this rifle shooting, archeryas well as similar such sports became popular and was played at Finsbury Park as well asBattersa. 19th century- French revolution marked the end of Grand Tour as rail transit came intoaction during early 19th century. Due to well-built roads buses used to run for travel
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purpose. 1950 also saw the creation of club holiday destination like ClubMéditérannée.Holiday pay act was further launched in 19th century that provided paid holidays toworking class employees. This century further marked the launch of guidebooks thatguided travelers about London. Separate guidebooks were also present for the females. 20th to 21st century – Travelling has grown up since the end of World War 2 and due toadvancements in airplane technology. Usage of internet has given rise to online bookings.In present era many different forms of tourism are popular such as medical, adventure,sex, space, extreme, war, religious tourism among others (Hannam, Butler and Paris,2014). Government of various nations has also started promoting tourism activities whichis known to give a boost to economy. 1.2 Explain the structure of the travel and tourism industry Tourism industry of Britain is an affiliation of public as well as private sector firms that includes SMEs,private business (airlines, hotel chains) as well as destination management organization at localand regional level. In this regard, there is also a presence of regulatory bodies such asInternational CivilAviation Organization to regulate air transport services. At the national level,UK government has the responsibility to put legislations related to health and safety measures,airport security among others (Raj and Griffin, 2015). Local authorities also carry out work onTravel and Tourism industryPublic sector Private sector Trade unionsRegulatory bodies
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