Comprehensive Report: Tourism Sector Analysis, Policies, and Impacts

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Added on  2023/03/29

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This report provides a comprehensive analysis of the tourism sector, examining the influence of various bodies and government initiatives. It explores the impact of government policies, including visa extensions and increased flight availability, and their effects on the tourism industry. The report also delves into the role of government-sponsored and international bodies in regulating and promoting tourism. Furthermore, it analyzes the effects of local and national economic policies, differentiating between direct and indirect impacts on the sector's profitability, including changes in tax, subsidies, and monetary policies. The report also highlights the potential of the TUI group, focusing on its expansion and commitment to environmental sustainability. Overall, the report offers insights into the dynamics of the tourism industry and its response to various internal and external factors.
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Travel and Tourism Sector
(2.1 and 2.2)
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Table of content
Introduction
Different Bodies and their impact
Tourism development initiatives by government
Government
Government sponsored bodies
International bodies
Slide 9 – 2.2 Influence of Local and national economic
Direct effect
Indirect effect
Slide 14 - Conclusion
Slide 15 – Reference
Slide 16 – Thank you
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Introduction
Tourism is a very famous part of economy. Its contribution
in total GDP from last many years is unavoidable. Initially it
was not very much developed as its importance was
recognised later and now with the advance technology it is
attracting more and more customers towards it.
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There are a number of entities that has their impact on this
industry. With the intervention of these agencies it becomes
easy to manage the safety and rights of those who wish to
travel. Given below are the different functions performed by
separate bodies.
Different Bodies and their impact
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Tourism development initiatives by government
The duration for Visa was extended to 10 years
Cheaper and more availability of flights has improved total
tourism
Travellers are adopting more western habits
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Opportunities for TUI group
It will soon become the internationally strong brand in
china.
TUI is very much dedicated towards environment and
hence will gather a greater market in this way by
establishing the corporate social culture.
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Government
Provides legal framework
Solves various issues
Promotes travelling culture
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Government sponsored bodies
Assistance for I.T system
Provides security
Maintenance of tourist spots
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International bodies
Maintain security
Provide assistance to new citizens
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Influence of Local and national economic
policy on tourism sector
There are a number of ways in which the total impact of
local and global policies can be evaluated which effects the
profitability of this sector. Their influence can be better
understand if studied under different heads.
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Local economic Policies
Regional tourism was developed by designing different
association in the community
Creation of visitor information centres was done which provides
all the relevant data to all the interested parties.
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Direct influence
It consist of all those polices which has their direct impact
on this sector. It is the case in which formulation of plans
and rules are specially done by the government for the
tourism industry. If there is a favourable change made like
relaxation of tax, subsidy in building hotels resorts at a
particular area etc. or vice versa.
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Different Sectors and Their Effects
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Indirect effect
These are those changes that are not made specifically for
the tourism industry but the operations and profitability gets
affected by them. For instance change in monitory or fiscal
policy. This way the rate of exchange of money gets
affected and therefore influence the whole industry by
bringing change in the culture of global travelling.
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Conclusion
It can be summarised from the given
presentation that different bodies perform their
separate task in the tourism sector and also
influence of various local and national bodies
can not be eliminated for the same industry.
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References
Lejárraga, I and Walkenhorst, P., 2010. On linkages and
leakages: measuring the secondary effects of tourism.
Applied Economics Letters.17(5).pp.417-421.
Lipman, G and et,al., 2012. Green growth and travelism:
letters from leaders. Goodfellow Publishers Limited.
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THANK YOU
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