Understanding the World of Tourism: Economic, Environmental & Socio-Cultural Factors

UNDERSTANDING THE
WORLD OF TOURISM

Table of Contents.
REFERENCES................................................................................................................................7

Tourism is the practice of movement of individuals from one country to different parts of
the country or within their usual environment (Pung and Chiappa, 2020). In other words, it is the
activities of people in regard to the pleasure and recreation while utilizing the commercial
services which is one of the most important component contributing towards the global
economy. The set of industries or businesses which support the tourism by facilitating the
activities which are being far from their local environment or in simple words, tourism industry
consisting of various industries like transportation, hospitality, destination planning, local market
etc (Yurko, Styfanyshyn and Romanchuk, 2019). It will further evaluate the development of
contemporary tourism which is a key phenomenon globally. Considering the merits of the
tourism industry there are specific challenges to the given industry. The essay will discuss the
factors affecting the contemporary tourism i.e. economic, environmental & socio-cultural
elements and its positive & negative impact on the tourism industry.
Tourism industry has witness a drastic change due to the role of various factors
embedded in it. The innovative and technological developments has seen a major change in the
tourism industry (Pencarelli, 2020). The challenges and opportunities due to the contemporary
tourism is one of the important confusing phenomenon worldwide. The key and significant role
of international approach on the tourism with the changing vision of world, ethics of tourism
industry, poor tourist behaviour and the recent outbreak of Covid-19 pandemic. The factors
which affect the contemporary tourism are mainly the economic, socio-cultural, environmental,
technological and legal (Janta and Christou, 2019). In today's world, there are lot of emerging
factors which sometimes act as an opportunity as well as an issue to the tourist industry. The
expectations, wants and needs by the consumers are frequently changing in the competitive
market. The recent upward rise at the overall tourism industry has witnessed a significant
increase in the hospitality industry. Technology is evolving and whichever industry has left
behind would lose the market share. Apart from the innovation, the economic elements is crucial
in framing the policies in regard to the visitors. The more tax-free the policies are, the more the
visitors would attract the destination country. Benefits of socio-cultural factor has seen an
upward shift in the exchange of culture within the community of different nations.
Environmental factor is the another element which always has a huge impact on the host country
as well as visitors due the rise in the air, water & soil pollution which has highly caused by this