Challenges and Opportunities: A Future Outlook on Tourism Sector

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Added on  2023/06/12

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This presentation provides a comprehensive overview of the tourism industry, highlighting its importance, current challenges, and future trends. It defines the tourism industry, emphasizing its connection to hospitality, hotels, and transportation, and its significant contribution to national economies. The presentation discusses the importance of hospitality and tourism in creating employment, generating income, and developing diversification. Key challenges such as the impact of the Coronavirus, tax implications, and technological advancements are examined. Furthermore, it explores future trends, including the shift towards less crowded tourist destinations, the importance of social distancing, and the role of the Internet of Things (IoT) in enhancing travel experiences. The presentation concludes by underscoring the industry's vastness and the need for innovative approaches to address current issues and capitalize on emerging opportunities, with references provided for further research. Desklib offers similar resources and solved assignments for students.
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Table of Content
Introduction
Understanding of tourism industry
Importance of hospitality and tourism
Current challenges facing tourism industry
Future for tourism industry
Conclusion
References
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Introduction
Tourism industry is very immense and
broad in nature.
This industry is also named as the travel
industry which is connected to an idea of
people roaming around the world.
It can nationally, internationally, for
social, leisure and business objectives.
This is commonly linked to the
hospitality industry, hotel industry as well
as transport industry.
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The main aim is to keep tourists happy,
equipped and engaged with the things
they necessitate during the time of
travelling.
This presentation aims to acknowledge
value of tourism and hospitality.
It outlines the challenges that are facing
in tourism sector while discussing the
future side of tourism industry.
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Understanding of tourism industry
Tourism industry can be defined as all the
activities connected to the short-term
movement of individuals to places away
from they generally live and
accommodate.
This industry is found as one of the most
largest industries, while nation's
economies are drive to a bigger extent
due to the support of tourism sector.
It is also wider-ranging sector that covers
transport industry, hotel industry and a
couple of additional sectors or industries.
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It is quite essential to comprehend that the tourist sector is more connected to movement to
varied locations based not only on business or leisure aims, but also some travel
influencers.
Tourism industry come about people, activities and business entities covered in indulging
services for tourists on vacation as well as holiday.
As the travel industry encompasses hospitality (restaurants and accommodations), travel
information and facilitation (tourist information centres, travel agents and tour operators),
transportation (car rentals and airlines) as well as entertainment and attractions (heritage
theme and sites, wildlife and national parks).
These industry combines several activities and services such as tourism company,
accommodation, marketing, retail stores, food and beverage activities, transportation
services and many other activities.
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In UK, there are couple of organisations
come under this industry such as EasyJet
and British airways comes in travel
sector, Premium Inn and Savoy Hotels
comes in hotel and hospitality sector and
many more.
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Importance of hospitality and tourism
As the tourists travel to new locations for
spending their time on vacations, for
business objectives and due to other
reasons as well.
These individuals roaming new places
need accommodation to live and various
other services in order to stay
comfortably.
Thus, both hospitality and tourism sectors
are nearly inter-connected with each
other.
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As this industry is vast and fast-growing
in nature, it is projected to germinate
several employment opportunities and
help workforce around the world.
It makes a vital contribution to the
development of economies of nation in
different ways.
Creates employment
Generate income
Develops Diversification
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Creates employment
The vital contribution that the travel and
hospitality industry creates to the nation's
economy is developing job opportunities
to the local people.
It offers direct employment opportunities
such as tour planners and operators, tour
guides travel agents, while in hotel
industry, resorts and restaurants.
As the travel and hotel industry develop
so do these opportunities also grows.
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Generate income
Tourism and hospitality industries
develops income in a range of ways.
The local government generates revenue
from these sectors as travellers makes a
massive investment in their travel plans.
Individuals and tour organisations
covered in the sector also germinate
income on significant level.
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Develops Diversification
As tourism and hospitality industry is one
of the lucrative sectors, whether it is
mining, farming, manufacturing or any
other sector, an economy depends on, this
sector germinates diversification while
limiting risk factors.
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