Economic Policy & Political Changes Influencing Travel & Tourism

This report provides an overview of the travel and tourism sector, highlighting its significant contribution to the global economy. It examines the functions of government, government-sponsored bodies, and international agencies in promoting and regulating travel and tourism. The report analyzes how local and national economic policies, such as exchange rates, influence the success of the tourism sector, using TUI as an example. Furthermore, it discusses the implications of political changes, including policy shifts and security concerns, on the travel and tourism industry, emphasizing the importance of visa policies and political stability in attracting tourists. The report references various studies to support its analysis of the complex relationship between economic factors, political landscapes, and the overall growth of the travel and tourism sector.

Travel and Tourism Sector

Introduction
Travel and Tourism is one of the main industries of the
world and this is the sector which is contributing the 10
to 20% in the economy. This can be an example of that
how much is the travel and tourism is important in the
world, all of the people likes to travel some travel for
business some for fun but all they are dependent on the
travel and the tourism.

2.1 Functions of the government, government-sponsored bodies and internation agencies in the travel and the tourism.
There are some points are there which can define this
sentence.
Role of governments- Government play a crucial role
in tourism sector because every government is
represent there country's tourism they well know there
environment and culture. They try that every tourist
feel happy and safe .

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International agencies in travel and tourism- There are some agencies are
there who are sponsored by the government.
1. World tourism organisation (UNWTO)- It is most trustable and reliable
organisation every government and country support it for increase travel and
tourism because organisation have common goal and mission to increase
tourism.
2- organisation for economic co-operation and development- It provide the
policies for improve the economic and social sector in all country.
3- Asia-pacific economic cooperation- It helping in administration of travel and
tourism it provide knowledge to every country regarding administration.
4- world travel and tourism council- It provide an common venture for head of
tour and travel organisation.

2.2 Local and national economic policy influences the success of the travel and the tourism sector.
Some time before the countries had been suffered from
downturn and the GDP of the country had been going
down so the people are suffering from the problems
reacted to the decreasing of the economy, and the
number of the tourist also decreased. But the when the
change of the local policies had been done the UK
government had controlled the decreasing of the
tourists, and it is done by the one of the key factor is the
exchange rate of the pounds. This was the strong rate of
the money so that the foreign travellers can be able to
spend more money according to the other(Hudson and
Thal., 2013).

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The travel and tourism sector use to work with the
number of the government departments so that they
can be able to fulfil there requirements and can do the
economy better. So the TUI should be able to follow
the policies and many things so that they can be able to
make there company grow fast and can provide the
customers the good and quality services, and they
should be able to make the governments task fulfil.

2.3 The implications of the political changes on the travel and the tourism sector in the different countries.
Political change are very problematical for the each and
every business, so like the others the political changes
also effect the TUI travel and the tourism sector it can
make the huge effect on the company, and the changes
of like the fundamental changes in the politics can make
the cause of the fear in the societies or the country and
that can effect the tourists they will also then try to
avoid the place for travelling(Leeand Brahmasrene.,
2013). If there will be any political changes come in the
country of the tourist then it can also effect the tourist to
visit the other places, and that can effect the tourism
industry and it can effect in there growth.

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If the country will decrease the formalities so that they will
like to come at that place when ever they want(Lejárragaand
Walkenhors., 2010). And the tourist like to go to the places
where there are less legal boundaries and less formalities to do
and they can get proper security, there is the another major
issue which can come in that if the country is making the visa
of the people in the tougher policies then it can cause many
problems for the people and they would not like to come at the
place. So these things can effect TUI in doing there business,
they have to look after to all these things so they should make
many changes according to it and can provide the customers
the good opportunity and many more things.

References
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greenhouse gas emission reduction targets?. Journal of Sustainable Tourism.18(3).
pp.393-408.
Seetanah, B., 2011. Assessing the dynamic economic impact of tourism for island
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Spenceley, A., 2012.Responsible tourism: Critical issues for conservation and
development. Routledge.
Standing, C., Tang-Taye, J.P and Boyer, M., 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.
Tsiotsou, R and Ratten, V., 2010. Future research directions in tourism marketing.
Marketing Intelligence & Planning.28(4). pp.533-544.