Tourism Industry: Global Trends, Competitiveness, and Sustainability

This report examines the emerging global trends in the travel and tourism industry in the 21st century, focusing on the importance of these trends for decision-making in tourism development. It analyzes how changes in global trends affect the competitiveness of businesses in the tourism industry, considering the costs and benefits of economic, societal, and environmental factors. Key trends discussed include safety and hygiene, bleisure travel, contactless payments, eco-travel, and transformative travel. The report concludes that the tourism sector must adapt to changes to meet customer needs and highlights the industry's significant influence on economic development and intercultural harmony.

Tourism environment and
industry

Table of content
INTRODUCTION
• Emerging global trends in travel and tourism industry in 21st century.
• Trends important for decision making of tourism development to meet its objectives
• Changes in global trend affecting business in tourism industry in terms of
competitiveness globally
• Cost and benefits of these factors on economy, society and environment.
CONCLUSION
References

INTRODUCTION
Environmental tourism refers as travel to destinations
where flora, fauna, and cultural heritage are the prime attractions.
The emerging global trends is covered in this report of travel &
tourism industry in the 21st century. For the tourism development in
decision making the importance of trends is analysed to meet its
objectives. Furthermore, changes in global trend is analysed which
affects tourism industry business in relation to competitiveness
internationally along with cost & benefit of economy, society and
environment factors.

Emerging global trends in travel and tourism
industry in 21st century.
In the 21st century tourism is important activity as it boosts the economy proceeds, forming thousands of jobs,
developing nation infrastructure and plants sense of cultural exchange between foreigners & citizens. Following
are the emerging trends in global travel & tourism industry which are discussed below-
 Safety & hygiene tourism trends
 Bleisure travel
 Growth of contact less payments
 Eco-travel-
 Transformative travel

Trends important for decision making of tourism
development to meet its objectives
The emerging of several developments leads to tourism
development growth at abundant faster rate and each
country is directly or indirectly is becoming part of
international tourism business. The real prospect is
provided for enduring and inclusive economic growth.
The bleisure travel leads to high employee retention
rates which helps employers in creating better work life
balance for employees.

Changes in global trend affecting business in
tourism industry in terms of competitiveness
globally
With the rapid technological advancement, the traveller’s desires
for new experiences which leads to change in global trend
affecting business in tourism industry in respect to competitiveness
globally. Global market trend indicates that long-haul travel, rural
and ethnic tourism, cultural tourism, wellness and health holidays,
ecotourism, costal tourism and cruises are some emerging areas of
tourist interest.

Cost and benefits of these factors on economy,
society and environment.
There are several factor which affects the tourism industry globally
as tourism is considered one of the prime aspect which promotes
intercultural harmony and contributing in country economy. The
factors provide better understanding of future industry and aspects
which needs to be deal on immediate basis.
• Economic factor
• Social factor
• Environmental factor

Conclusion
From the above report it is being concluded that tourism sector is a flexible one that
needs to adapt to changes in order to satisfy customer needs and requirements. It is an
important aspect of today's global society that travel is possible, allowing for
interactions with people from all backgrounds. The development and growth of the
economy are significantly influenced by the tourism industry.

References
• Aall, and koens, 2019. The discourse on sustainable urban tourism: the need for
discussing more than overtourism. Sustainability, 11(15), p.4228.
• Giddy, and webb, 2018. The influence of the environment on adventure tourism: from
motivations to experiences. Current issues in tourism, 21(18), pp.2124-2138.
• Latip and et.Al., 2020. The impact of tourism activities on the environment of mount
kinabalu, unesco world heritage site. Planning malaysia, 18.