Travel and Tourism Sector: History, Structure, and Key Influences

This presentation provides a concise overview of the travel and tourism sector, highlighting its rapid growth and significant contribution to the UK's GDP. It traces the historical development of the industry, from early forms of travel to the impact of technological advancements and key events like the Industrial Revolution and the creation of the Euro Tunnel. The presentation outlines the structure of the travel and tourism sector, including accommodation services, various modes of transportation, tour operators, travel agents, visitor attractions, and entertainment venues. Key examples of private and public companies in London, such as Thomson Holidays, British Airways, and the National Tourism Board, are provided. The presentation concludes with a list of references used for the information presented.

TRAVEL AND TOURISM SECTOR

TRAVEL AND TOURISM INDUSTRY
 In the current age, travel and tourism sector is one of the
fastest growing industry in the world. In the United
Kingdom, it contributes a significant percentage towards
the gross domestic product and economic development.
 It drive government revenue in the form of foreign
exchange earnings, taxation revenue and provide
millions of jobs to the people.
 In the present age, many people travel in different places
for their leisure or business objectives thus, the demand
for travel and tourism sector is increasing very rapidly.

HISTORICAL DEVELOPMENT IN TTM
 Sprung Coach
 Grand Tour
 Travel agents
 Holiday packages
 Technological advancement
 Euro Tunnel
 Tour operators i.e inbound and outbound

CONTD.
 Industrial revolution
 Web or internet technology
 Increased mobility
 Better infrastructure
 Merger and acquisition

KEY EXAMPLES
 Merger of First Choice with Thomson Holidays
 Online booking and reservation
 Package holidays
 Virgin Airlines
 Privatization of British Rail

STRUCTURE OF TTM
 Accommodation services
 Different mode of travel i.e. sea, rail, aircraft
 Tour operators
 Travel agents
 Visitors attractions
 Conferences and exhibition
 Pub, discos, café, bars, nightclubs and museum

EXAMPLES OF PRIVATE AND PUBLIC
COMPANIES IN LONDON
 Privately-owned enterprises
 Thomson Holidays
 Thomas Cook
 British Airways
 TUI Travel Group
 Publicly owned enterprises
 National Tourism Board

REFERENCES
 Crouch, G. I., 2012. Competitiveness and tourism.
Edward Elgar.
 Edgell Sr, D. L., 2015. International Sustainable Tourism
Policy. Brown J. World Aff. 22(4). pp. 25-28.
 Ghimire, K. B., 2013. The native tourist: Mass tourism
within developing countries. Routledge.

Thank You!