Impact of Trends in the Travel and Tourism Industry: A Report

This report examines the evolving landscape of the travel and tourism industry, focusing on key trends and challenges. It highlights the increasing frequency of holidays, particularly in the UK, and the rise of solo travel, especially among the 35-44 age group. The report also discusses the growing trend of holiday home ownership and its implications. Furthermore, it analyzes the impact of external factors such as natural disasters like Hurricane Ophelia, terrorism incidents, and environmental concerns including air and plastic pollution, as well as food wastage. These factors significantly influence booking rates, service delivery, and overall consumer behavior within the travel and tourism sector. The report underscores the need for the industry to adapt to these changing conditions and address sustainability challenges.

UK has experienced an increase in the number of the holidays, reflecting a major growth from
survey during 2015, a maximum growth in the number of holidays was experienced
reflecting a 2.1 percent growth in comparison with 2014.
Rise of solo travellers by 150 percent,experienced by the British holidaymakers. Independent
age group 35 to 44 years experienced a growth of five to 16 percent. The trend also indicate
to 75 prefers to travel independently and solo.
From a survey, it has been found that every one in 10 adults in UK own a second home contr
in every 10 adults with zero property of their own. In UK, the rate of owning holiday homes o
leisure increased by around 30 percent from the year of 2000. A stamp duty was imposed for
home owners in UK, for which the government received around 2 billion pounds of stamp dut
2017. The stamp duty of 2017 was elevated by 16 percent in the similar quarter of 2016.
Natural Disaster - Hurricane Ophelia in the year 2017 affected the travel and tourism industr
Hurricane led to cancellation of modes of transportation. The weather condition affected the
service delivery in the industry.
Terrorism - Impact of terror attack was being reflected at the travel and tourism sec
transport and food, fear of terrorism and rail problems resulted in the drop of booking and ca
incidences like Finsbury Park attack of 2017 and London Bridge incident of 2019 led to the in
the travellers in choosing UK as their next destination.
Environmental Concerns - In UK, air pollution is considered to be one of the major concerns fo
coastal habitats and marine life, caused by industrialization, tourism and housing. Plastic poll
the turtles, mussels, dolphins and other habitats. According to the report of Ellen Ma
forecasted that by the year 2050, the water body will experience more plastic than fishes. Fo
major concern of the country, approximately food of 7.3 million tonnes is thrown away and on
four million individuals are deprived of food.
Increased frequency of Holidays-
More independent travellers-
Holiday Home Ownership in UK-
Factors affecting travel and tourism sector:
TRENDS IN THE TRAVEL AND TOURISN INDUSTRY