Travel and tourism sector

well structured and spectific

TRAVEL AND TOURISM SECTOR

TRAVEL AND TOURISM INDUSTRY
 In the current age, travel and tourism sector is one of the
fastest growing industry in the world. In the United
Kingdom, it contributes a significant percentage towards
the gross domestic product and economic development.
 It drive government revenue in the form of foreign
exchange earnings, taxation revenue and provide
millions of jobs to the people.
 In the present age, many people travel in different places
for their leisure or business objectives thus, the demand
for travel and tourism sector is increasing very rapidly.

HISTORICAL DEVELOPMENT IN TTM
 Sprung Coach
 Grand Tour
 Travel agents
 Holiday packages
 Technological advancement
 Euro Tunnel
 Tour operators i.e inbound and outbound

CONTD.
 Industrial revolution
 Web or internet technology
 Increased mobility
 Better infrastructure
 Merger and acquisition

KEY EXAMPLES
 Merger of First Choice with Thomson Holidays
 Online booking and reservation
 Package holidays
 Virgin Airlines
 Privatization of British Rail

STRUCTURE OF TTM
 Accommodation services
 Different mode of travel i.e. sea, rail, aircraft
 Tour operators
 Travel agents
 Visitors attractions
 Conferences and exhibition
 Pub, discos, café, bars, nightclubs and museum

EXAMPLES OF PRIVATE AND PUBLIC
COMPANIES IN LONDON
 Privately-owned enterprises
 Thomson Holidays
 Thomas Cook
 British Airways
 TUI Travel Group
 Publicly owned enterprises
 National Tourism Board

REFERENCES
 Crouch, G. I., 2012. Competitiveness and tourism.
Edward Elgar.
 Edgell Sr, D. L., 2015. International Sustainable Tourism
Policy. Brown J. World Aff. 22(4). pp. 25-28.
 Ghimire, K. B., 2013. The native tourist: Mass tourism
within developing countries. Routledge.

Thank You!