Governmental Agencies' Role in Travel and Tourism Industry Growth

This report examines the significant influence of government and its regulatory bodies on the development and growth of the travel and tourism industry, focusing on the role of governing authorities and international agencies. It highlights initiatives such as the UK government's extension of visa validity for Chinese tourists, aimed at enhancing tourism and boosting the country's economy. The report also discusses the contributions of international organizations like the International Union of Railway and the International Hotel Authority in collaboration with the WTO. Furthermore, it delves into the impact of local and national economic policies, including privatization and multinational investments, on the industry's profitability and economic growth. The analysis includes the contribution of Chinese tourists to the UK economy and the importance of maintaining good international relations to encourage travel and tourism. The report concludes that the tourism sector significantly contributes to the UK's GDP, supported by references to relevant academic sources. Desklib provides access to this and other solved assignments for students.

TRAVEL AND TOURISM
SECTOR
(Effect of governmental agencies on travel and
tourism industry)
TASK3

i
COVER TABLE
 Introduction
 Role of governing authority and international agencies
in tourism sector.
 Influence of economic policies on tourism industry.
 References.

INTRODUCTION
The Government and its regulatory
bodies is having great influence in
the development and growth of travel
and tourism industry.
China country tourist are largely
engaged in visiting the famous
tourist attraction of London through
getting an welcoming programme for
Chinese in UK by government.
1.

Role of government and international
agencies in travel sector
Introducing new norms in Visa is an profitable initiative of national
government in UK in order to enhance tourism from China.
According to the statement of Prime minister David Cameron China
is an prospective profitable market for development of country
economy in manifolds through growth of travel and tourisms sector.
2.

CONT
UK government has been extent the visas validity of Chinese
tourist for UK travelling from 6 months to 2 years which is
almost 4 times the tourist visa validity for other country
visitors.
3.

CONT
International union of railway and International hotel authority
are international agency which are working in integration with
WTO in order to enhance the growth rate of both hospitality
industry as ell as travel sector in country to contribute in
higher economic growth of UK.
4.

CONT
The international regulatory bodies largely contribute
in development of travel and tourisms sector to large
extent. UNISCO, World bank are the some
international agencies which motivates the travel and
tourism companies through providing loan to
organisation and also involves increase in
government involvement for industry through
availing loans from the various international bodies.
5.

Affect of economic policies on travel and
tourism industry
The local and national economical policies largely
contributes in development of the industry to large extent.
The privatization leads to increased profitability of
respective industry in local and regional level. While the
investment of from multinational company leads to
increasing economic growth at large level.
6.

CONT
Local Economic growth:
The private conies are engaged in exploitation of huge scope
of growth through delivering services to large number of
customers from China. The private hotels and restaurant
has bring new changes there services like change in Food
menu through introducing Chinese cuisine dishes in order
to satisfy their Chinese customers efficiently.
7.

CONT
Contribution of Chinese tourist in economic growth of
UK:
Government policies of extending tourist visa of Chinese
travellers in country leads to higher growth of economy.
Visitors from China approximately contribute about 500
million euros to economy of UK through engaging in
travelling activities.
8.

CONT
UK is engaged in maintaining good relationship with other overseas
countries in order to encourage them to make travel plan to the
country in order to enhance profitability of travel industry and
contribute in economic growth of UK in many folds. Like prime
minster of UK is welcoming tourist from different countries which
seems to be an profitable prospective market for tourism sector and
leads to development of economy of country to large extent.
9.

CONT
Tourism sector contributes in development of economy to large
extent. This respective industry contribute around 9.9% in
growth of GDP of country annually.
10.