Travel & Tourism Industry | TUI Assignment

Added on -2020-02-12

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TRAVEL AND TOURISM SECTOR
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 The key historical developments in the travel and tourism sector...................................11.2 Structure of travel and tourism sector..............................................................................4TASK 2............................................................................................................................................52.1 Function of government, sponsored bodies and international agencies on the sector oftravel and tourism (COVERED IN PPT)...............................................................................52.2 Effect of national and local economic policy on the success of tourism and travel sector(COVERED IN PPT).............................................................................................................52.3 Article for publication in Travel and tourism magazine which includes implication ofpolitical change on the travel and tourism sector in different countries.................................5TASK 3............................................................................................................................................63.1 Factors affecting demand of tourism-business.................................................................63.2 Changes at TUI group to meet the effects of demand......................................................8TASK 4............................................................................................................................................94.1 The main positive and negative economic, environmental and social impacts of tourismwith reference to TUI group business....................................................................................94.2 Strategies used to minimise the negative impact while maximising the positive impacts ofTUI group businesses...........................................................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................12
INTRODUCTIONThe travel and tourism industry deals with the people who wishes to travel at differentand new places across the world. There are various facilities which are involved in these servicessuch as food, accommodation, travelling, etc. This industry of travel and tourism plays animportant role in the national economy of their country (Mowforth and Munt, 2015). Tourismindustry is growing day by day as lots of the people loves to travel and explore new places acrossthe world.In the business of tourism, TUI is one of the leading company in the world. Cited firmsbroad portfolio includes 1600 travel agencies, 150 aircraft, various tour operators, 5 tour operatorairlines, leading online portal, 14 cruise liners, more than 300 hotels which have 214,000 bedsand many agencies at all the major destinations for holidays across the world (Hall, Gosslin andScott,, 2015). TUI group have turnover of more than 17.2 billion euros and also have over67,000 employees in the financial year 2015- 2016.In this report, we will discuss about the key historical development in the sector of traveland tourism and also understand the influence of national and local government as well asinternational agencies on tourism and travel industry.TASK 11.1 The key historical developments in the travel and tourism sectorWith rapidly growing changes in behaviour of humans along with their expectations, thetravel and tourism sector has been experiencing a rapid growth. There has been time which hadstructured itself through data since 1945, as growth was observed within tourism industry.Nowadays people like to explore different cities and locations where they have not been already(Tribe, 2015). This change that has been experienced within human behaviour including theirlevel of expectations from the travel & tourism industry has allowed the possibility for tourismto keep in phase with other industries. However, in earlier times the initial growth in tourismincluded only the transporting of goods along with travelling. However, if a look is taken overtoday's current tourism trends, not only travelling but all the facilities that offer comfort to thecustomers are also inculcated within this. Different factors such as incrementing the free timesavailability, inclination in client's interests of travelling for longer drives, development in the1
per capital income of individuals residing in UK, enhancement of the tour packages that areoffered by various organizations till now, have come into notice since the year of 1960.Considering the present times the travel and tourism formation has been highly effectedby the ample amount of growing industries within the same segment. The recently developedcorners within the same field are offering more attractive packages that too customer-orientedfor enhancement of business (Dillimono and Dickinson, 2015). The current business of traveland tourism not just has inclusion of travel-services but all things in association with customersare effectively managed. Based upon the diversification of tourism-business various sectors intravel have been classified. These include, travel-services, tour-operations, hotel industry,passports and visa preparations, conference & event conduction, clothes exploring along withdefined stock, etc.2

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