Analysis of Travel and Tourism Sector: Policies and Economic Factors

This report provides an overview of the travel and tourism sector, focusing on the functions of government, government-sponsored bodies, and international agencies. It explores the impact of local and national economic policies on the sector's growth and development, particularly highlighting the influence of policies on the TUI group and the influx of Chinese tourists to the UK. The report discusses various international bodies such as the European Union, World Trade Organization, and others that boost tourism. It also examines how government policies, including visa regulations, infrastructure development, and tax policies, significantly affect tourism. The analysis emphasizes the contribution of these factors to the development of basic facilities like transportation, communication, and hotels, ultimately enabling the success of tourism businesses like TUI.

Travel and Tourism
Sector

Table of Content
 Introduction
 Function of government, government sponsored bodies
and international agencies
 Impact of local and national economic policies
 References

Introduction
Travel and tourism is very old and large sector which is going
to be more popular in today's world. Large number of
individuals wants to spend their holidays in abroad which
contributes in faster development of this sector.

Function of government, government
sponsored bodies and international agencies
TUI has large number of tourism business functions in all
over the world. It is one of the biggest company in UK.
The main aim of this group is to expand their business
operations in China. As large number of offers are
provide by the management of company to attract the
Chinese tourists towards London.

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Government and international agencies perform many
functions regarding regulation of the travel and tourism
industry. All the organisations which perform their
business functions under this industry required to comply
with all rules provide by them.

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This will provides opportunity to UK to build their economy
strong because annually they have £ 500 million
contribution. There is rapid increase in the number of
Chinese visitors in London which reaches up to 112 per
cent.

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International agencies are such which provides their
activities to boost tourism in UK at both local and
international level. Large number of international bodies
provides their services in this sector like European union,
world trade organisation, world tourism council,
international hospitality Civil Aviation organisation,
International Air transport association etc.

Impact of local and national economic
policies
There is huge role is played by the national and local
economic policies for the success of travel and tourism
sector. TUI group is also tourism organisation in UK
which provides their services worldwide. Government
policies have great influence upon the business operations
of TUI and accomplishment of their objectives.

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Prime minister of UK, David Cameron noticed that China is
one of the fastest growing market in terms of tourism
market. So, the large number of policies are made by
them to make good relation with Chinese tourists. To
attract normal individuals of China, UK government
extend time period of visa from 6 months to 2 years.

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Such policies governs different activities like setup of visa
office, government allowance to foreign investors to
invest locally, entrance of individuals on the basis of their
skills, taxes which are levied on tourists, amount spend by
government in infrastructure development, development
of facilities which helps to tourist to make their trips easy.

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So, such polices has huge contribution in the development
of basic facilities like transportation, communication,
safety, hotels etc. This provides opportunity to TUI group
to attract the large number of tourist from worldwide and
brings success in their business operations.

References