Travel & Tourism: Analyzing the Role of Government & Economic Policy

This report examines the significant role of government and international agencies in the rapidly expanding travel and tourism sector, highlighting their influence on economic conditions and job creation. It discusses the necessity for government authorities to implement plans and policies that align with technological advancements in the travel industry, emphasizing ethical practices to promote countries globally. The report also explores the function of government-sponsored bodies, such as national and regional tourist boards, and mentions key players like Thomas Cook and TUI groups, which aim to provide high-quality travel services while contributing to economic welfare. Furthermore, it analyzes the impact of local and national economic policies, including taxation, on the travel industry, stressing the importance of formulating policies that prioritize visitor interests and create a positive work environment. The report concludes by referencing academic sources that underscore the competitiveness and strategic management aspects of travel and tourism.

Travel and Tourism

Table of Content
 Introduction
 Role of government and international
agencies
 Local and national economic policies
 References

Introduction
Travel and Tourism is a rapidly growing sector
in the world economy. It is helpful in
improving the conditions in economy. It opens
various job opportunities for people and thus
increases the employability ratio in economy.

Role of government and
international
As there are vast changes in technologies so it is
necessary for government authorities to
implement plans and policies which have to be
followed by the Travel industry.

Cont.....
Another vital role of government is to take into
account the ethical activities so as to promote their
countries at all the levels around the globe.

Cont....
Government sponsored
bodies are referred to
as national and
regional tourist
board.

Cont.....
Thomas Cook and TUI groups both are dealing in
Travel and tourism sector and they are providing high
quality travel services to their potential customers.
These groups are working for the welfare of
economy so that people donot face any difficulty
while travelling.

Local and National Economic
Policies
The economic policies comprise of the systems
in which government is interfering to adjust
the interest rates and set budgets in economy.

Cont....
Impact of national and local policies on travel
industry includes:
The policies should be formulated by taking
into account the visitors’ interest in order to
create positive work environment. This is
beneficial for the travellers.

Cont.....
Taxation is the compulsory
payment which is
imposed by government
and people have to pay
this is order to run their
business operations.

Cont....
Government is
focusing on
improving the
regional areas which
had different
attractive locations.

References
Blanke, J. and Chiesa, T., 2013, May. The travel &
tourism competitiveness report 2013. InThe World
Economic Forum.
Evans, N., Stonehouse, G. and Campbell, D., 2012.
Strategic management for travel and tourism. Taylor
& Francis.