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Type of Tour Operators- PDF

   

Added on  2020-12-09

2 Pages1218 Words337 Views
Type of tour operators: There are different types of tour operators which are as follows:Inbound Tour Operators:This includes the non resident person travelling in other country. The companies which provides the local assistance to these tourists are called Inbound Tour Operators. LCB can provide this services to the local tourist who visits the country and face the language issue.Domestic Tour Operators:Domestic tour operators refers to the providing services to local resident of that particular country. The LCB can give this services to local tourist of that country so they can visit their local territory.Specialist Tour Operators: The specialist tour operators are those who organise and provide the tour for specific group of people to a pre set geographic location. As this can be very helpful for LCB to maximise their revenues. Theycan expand their business by entering into this sector.HistoryMarket ShareMarket PositionSizeOriginsOwnershipMarket SegmentsCompetitorsThe companywas founded in 1984 by Mr Lim Cheng Boon to fulfil the demand of public transportation services.About 20% market iscovered by LCB tour in Malaysia.They have positionedthem selves with respect to class of users. Thecompany provides services to upper middle class.The company have around 250working employeesIt was originatedin Malaysia.Privately held ownership.The company has done segment onbasis of Psycho-graphic which includes personality,lifestyle and class.Peregrine adventures, Exodus travels and Indus Travels etc.Current and recent trends and developments on tour operator industry:The tour operator industry is the industry which gives touring facility to the customers.The different tour companies provides different kinds of travel services like travelagencies, cruise lines and tour operators etc. These operators provides different type ofholiday package to attract its customers. There are some current and recent trends in theindustry which needs to be analysed by LCB to cop up with these and trends. With helpof these trends company can meet the customer requirements. These current and recenttrends are as follows:Technology Advancements:Technology is making people life simpler day by day. But it is very dynamic andit gets obsolete very promptly. As every industry is using some kind of technology tooperate its business activities. The current technology which is adapted by tour and travelindustry is cloud technology. Under this cloud technology, one can store the and savepassport information of tourist. And this allows a document free travel for tourist. LCBtours can use this technology to provide hustle free service to its customers.Rise and Fall of Inflation:Inflation is part of economic situation of country. It refers to the sustainableincrease in price of product and service of particular industry. As this can have hugeimpact on tourist industry business. For example, the increased fuel prices could lead tothe increase fare prices of transportation. And it can lead to low profitability for company.So the management of LCB should evaluate the proper market trends so they can set theirgoals accordingly.Increased environmental awareness and responsible tourism:The environment protection is very important to sustain in market. As LCBshould use the eco-friendly vehicle like electrically enables vehicle as a localtransportation, which would enable low pollution. The company should increase theawareness about protecting environment.Tourist Operation Management

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