Current & Recent Trends: Tour Operation Management in Travel Industry

This essay explores the current and recent trends impacting tour operation management in the travel industry, particularly focusing on Trailfinder. It highlights the effects of globalization, including increased communication and economic integration between countries, which necessitates adapting business strategies. The essay also addresses price and demographic changes, security and safety concerns, the importance of embracing diversity in customer preferences, and the imperative of adopting advanced technology to maintain competitiveness. By evaluating these factors, travel companies can better cater to customer needs, enhance satisfaction, and achieve growth and success in a dynamic market environment. Desklib provides access to similar solved assignments.

TOUR OPERATION MANAGEMENT
CURRENT AND RECENT TRENDS ON TRAVEL
INDUSTRY DIFFERENT FACTOR
During the World war II various things has changed due to travel and
tourism industry. Business is growing fast due to changes in market
customer preferences and needs. So many industries starting opening
the travelling sectors. They provide tour packages according to
demand and requirements of tourists and people. It leads to the
increasing of profits, growth and success of the company. So latest
changes which impact Trailfinder are-
Golbalization: It is the procedure of communication between
people,states countries with flow of increase of money, ideas and the
culture. Many nations are integrating their own economies in world
economy so due to these various changes are there. So due to this
stage many industries are visiting different countries in globe to adopt
those changes in their business.
Price and demographical changes - Company sets its price
according to the industry and according to consumer demand which
satisfies them which helps the firm in increasing value of tour
packages. There is increase in population in cities, villages and in
many states so organization has to assess these changes and provide
tour packages accordingly.
Security and safety - Due to globalization and other changes there is
growth of travel and tourism industry. So due to it company has made
effective procedures and policies for safety and security of people.
This is a tough challenge for them.
Diversity - World is diverse due to changes in culture, religion, caste,
sex and other changes. So company has to evaluate various the
business environment and make products and give travel packages
according to needs, preferences and taste of customers. This
ultimately results in satisfaction and happiness of customers.
Technology - Due to thus factor travel company has to change itself
so that it can work efficiently and effectively. There are different
variations in technology through which hospitals or transportation
industry can capture more customers. So due to it tour business has to
adopt advanced technology so that firm can take various opportunities
and this results in increasing growth and performance.