The Travel And Tourism Sector

Travel And Tourism Sector

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Historical development in the travel and tourism sector..................................................1
1.2 Structure of the travel and tourism sector.........................................................................2
TASK 2............................................................................................................................................4
2.1 The functions of government, government sponsored bodies and international agencies in
travel and tourism sector........................................................................................................4
2.2 Influence of local and national economic policies over travel and tourism sector..........5
2.3 Implications of travel and tourism sector in different countries.......................................6
TASK 3............................................................................................................................................6
3.1 Factors that affect the demand of tourism........................................................................6
3.2 Ways in which supply has changed to meet the effects of demand.................................7
TASK 4............................................................................................................................................9
4.1 Positive and negative economic, environmental and social impacts of tourism..............9
4.2 strategies that can be used to minimize the negative impacts while maximizing the
positive impacts....................................................................................................................10
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Travel and tourism is among the fastest growing service industry in the world. Its share
has been increasing significantly in every sector. For every country it has become the source of
revenue generation and foreign exchange earnings. Along with this, increase in market share, it
holds considerable position in generating employment due to its integrated nature. Since its
inception from the informal tour in the form of moving from one place to other at holy and
religious places, the area of travel and tourism sector has been widened to the great extent with
the recent planned and structured tours and trips (Beggs, Ross and Goodwin, 2008). Traveling is
not confined for the purpose of recreation and leisure activities, rather it has large domain such
as for knowledge seeking and education, business interests, health and fitness purposes, for
sports, entertainment and adventure. Report has been prepared to elucidate the different
components of this sector in London such as its historical development, structure in which it
operates role of different bodies and agencies, impacts of external and internal factors. Further,
suggestions have been made to rationalize the consequences of travel and tourism in London.
TASK 1
1.1 Historical development in the travel and tourism sector
Travel and tourism globally has become the cause and consequence of economic
development in terms of gross revenue and foreign exchange earnings. London is the most
popular tourist destination with impressive monuments and rich vibrant culture. The key
milestones in the development of travel and tourism sector of the city are as follows:
 The Grand Tour facilitated by the British elite class between the late 16th and early 19th
centuries gave rise to new horizons of tourism, rather the beginning era. In the Industrial
Revolution period the demand for tourism raised enormously mainly due to introduction
of package tours services in 1841, paid vacations benefit to the middle class, the strains
of modern life created demands for rest and recreation (Dickinson and Lumsdon, 2010).
The growing urge and interest to explore the remote lands and people.
 Contemporary world is considering London tourism as leading component of world trade.
Merger of English Tourism Council and British Tourist Authority as Visit Britain is the
feather in cap. As it conducted programs of preserving, maintaining and promoting
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eminent historic castles, palaces and monuments like Buckingham Palace, the Victoria
and Albert Museums, Tower of London, British Library (Falk and et.al., 2012).
 London has always made an extensive use of new technologies and science for this
industry. In future increasing competition will force it to make use of internet and
sophisticated databases for marketing purposes. On the other hand, development of
factors promoting the 'go green' motto in the cultural and environmental context too will
be considered and developed.
Further, following are the different factors that facilitating the growth of the industry: Changing socio-economic scenario: The increase in one parent households, people of
London's social changes and demographic trends played an important impact on the
future development living longer, falling percentage of young population, increasing car
ownership and higher income levels will radically change the travel and tourism products
and services. Development in technologies: The research and development in the field of science and
technology for tourist products helps in the growth of London economy (Mamaghani,
2009). The evolution of jet aircraft, computer programming and 3-D effect technology
have bestowed to the growth of Visit Britain, the regulator of the tourist body. Infrastructural development and innovation: There is accelerator y investment by the
London government to provide better and widespread infrastructural development to
promote its tourism. The strategies of providing better road, rail and water connectivity to
the city makes convenient for the visitors to explore even the remote areas, culture and
citizenry of London.
 Money, the key factor: With the coming up years the gross revenue and income of the
London economic structure will prosper the financial gain of the public. Resulting into
changing consumer needs, expectations and fashions (Cook and Marqua, 2014). Through
exposures to television, print and mass media, internet, people are looking for more
opportunities to travel in UK and its popular tourist destination, London.
1.2 Structure of the travel and tourism sector
Travel and tourism sector functions in an integrated manner. Different sectors work in the
collaborative manner in which each of them has the role to play in the industry. There is a
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