The Impact of Travel and Tourism Sector on the Economy

This report analyzes the travel and tourism sector, focusing on its economic impact and the influence of government policies. The report begins by highlighting the importance of the tourism sector, its contribution to the economy and the impact of the policies. The report discusses the role of government and related agencies in the tourism sector. It provides a detailed overview of how government policies, both at the national and local levels, affect the industry. The report also examines the role of the government in promoting the tourism sector. The report highlights how the government's economic policies directly and indirectly influence the tourism industry. The report uses this information to highlight the importance of the travel and tourism industry.

Travel and Tourism Sector

Introduction
Travel and Tourism can be defined as one of the major industries
in the world as it helps in contributing more than 10% in global
economy of the world and also generates more and more jobs.
This report is based on the topic of Travel and Tourism sector,
which is being prepared by the consultant of TUI Group, which is
having leading business in the tourism sector. Tourism and travel
industry is booming in current scenario and also in UK.

2.1 Government functions, sponsored bodies
and international agencies for travel and
tourism
It is the first time when a government made strategy regarding
tourism that reaches across Whitehall, by looking at the different
policies in regards with tourism. From airport queuing lines and
visa applications to cutting red tape for business, infrastructure
and planning, this kind of strategy helps in different areas by
having impact on holidays of the people in UK and on the
different business organisations.

Continued
Government sponsored bodies are the type autonomous bodies
who works on behalf of government. These may includes such
companies which are semi- government and specifically created
promotion organisations etc. Their main role is to make promotion
of tourism product in other countries and also to describe
importance of different sites and spots.
International agencies are the type of bodies which helps in
promoting diverse cultural tourism and also helps to encourage
visiting in each other countries.

2.2 Influences of national and local
economic policies in the success of
tourism and travel sector
National and local economic policies, have major effect not only
on travel and tourism sector but on all the sectors. Main job of the
government is to make increment in the inward income by
creating an environment which is conducive for investments, by
welcoming investments and by making investors feel safe and
secure regarding their investments. The main success of the
tourism and travel industry is very much influenced by the
economic policy in many ways.

Continued
The macro-economic model regarding operations will be very
helpful in understanding the importance and presence of tourism
and travel industry in the context of country's policies.

Continued
Sometimes there may be variations in the national and local
policy, as local policy allows restaurants and hotels to work for
long time so as to increase revenues but according to national
policy, all restaurants and hotels should get closed at fixed time
which limits their income. So it can be said that the national and
the local economic policies have indirect and direct effect on
travel and tourism sector.

References
Moutinho, L. ed., 2011. Strategic management in tourism. Cabi.
Hudson, S. and Thal, K., 2013. The impact of social media on the
consumer decision process: Implications for tourism
marketing. Journal of Travel & Tourism Marketing. 30(1-2).
pp.156-160.
Evans, N., Stonehouse, G. and Campbell, D., 2012. Strategic
management for travel and tourism. Taylor & Francis.