Economic Policies and the Travel Industry: An Analysis of Impact

This essay examines the influence of economic policies and sponsor bodies on the travel and tourism industry. It highlights the relationship between economic activities, political changes, and the attractiveness of a country to tourists. The essay also discusses the role of local, regional, and international agencies, such as the World Tourism Organization (WTO), in supporting and regulating the tourism sector. Furthermore, it emphasizes the importance of local and regional levels in tourism development and considers the potential impact of EU policies on UK tourism. The essay references several academic sources to support its analysis of these factors.

2.2
 The economic policies that influences the success of the nation or
the organisation are :
 Economic policy : the business such as travel and tourism is
related to the economic activities of the countries.
 Political change : the government also depends on the political
functions as it either increase or decrease the attractiveness of the
country by the TUI group.

2.3 SPONSOR BODIES
At the local level the regional or local authority has a role similar to that of the central government and in
many ways a more comprehensive and important one. Indeed, in the early days of mass travel stimulated
by the growth of the railway network, public sector intervention in tourism was solely at the local level.
There were no national tourism organizations. The growth of large resorts, pioneered in Britain at the main
seaside centres, encouraged the development of local tourism administrations to carry out the
responsibilities of the host destination.

2.3 INTERNATIONAL AGENCY
 World Tourism Organization
 The World Tourism Organization (WTO), an intergovernmental
body recognized by the UN as an official agency with a
consultative status, has taken the lead in representing its member
governments' collective view in tourism issues. Like its
predecessor body, the International Union of Official Travel
Organizations, it has developed useful technical programmes in
statistics, research and the exchange of ideas and experience and
in technical aid, particularly for poorer countries. The WTO has
made efforts recently to strengthen its links with commercial and
non-government partners through its system of affiliate
membership which should help in the provision of practical
guidance and as a basis for cooperative action.
.

GOVERNMENT
Levels:
 Local and regional level will be focus of the travel and tourism for
development is necessary for them.
 As per the EU will affected the UK tourism in more significant
manner.

REFERENCE
Eugenio-Martin and et.al., 2016. Low-cost travel and tourism expenditures. Annals
of Tourism Research. 57.pp.140-159.
Jenkins and et.al., 2013. Sustainability in tourism: A multidisciplinary approach.
Springer Science & Business Media.
Reisinger and et.al., 2013. Transformational tourism: Tourist perspectives. CABI.
Scarles, C., 2016. Mediating the tourist experience: From brochures to virtual
encounters. Routledge.
Schegg, R. and Stangl, B., 2017. Information and Communication Technologies in
Tourism 2017.
Standing and et.al., 2014. The impact of the Internet in travel and tourism: A
research review 2001–2010. Journal of Travel & Tourism Marketing. 31(1).
pp.82-113.

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