21st Century Global Trends in Travel and Tourism Industry Analysis

This presentation provides an in-depth analysis of the emerging global trends in the travel and tourism industry during the 21st century. It explores the shift from local to international tourism and the growth of contactless payments, highlighting their significance. The presentation examines the importance of these trends in decision-making for tourism development, focusing on how they meet objectives and impact competitiveness. It also details the effects of these trends on businesses, including the impact of post-COVID changes and global competitiveness, and discusses the costs and benefits of these factors on the economy, society, and environment. Recommendations for future growth and development, focusing on revenue generation and service improvements, are also provided. The presentation concludes by summarizing the key findings and recommendations, emphasizing the importance of adapting to these trends for the industry's success. The presentation's references include books and journals that support the analysis.

Presentation

INTRODUCTION
Tourism Industry is defined as industries which helps in facilitating act of tourism by providing
the culture and people the activities related to growth and development.
Therefore, the presentation will analyse the emerging global trends in travel and tourism
industry in the 21st century in significant manner. Further, why trends are important for decision making in
tourism development to meet the objectives will be done in appropriate manner. Moreover, there has been
description which will be made and this will help in describing changes in the global trends which will help
in describing the global trends affecting the business industry in terms of competitiveness globally. At last,
cost and benefits of the factors on the economy, social and environment will be analysed. Further,
recommendations will be addressed significantly.

MAIN BODY
Emerging global trends in travel and tourism industry in 21st century
Travel and tourism industry is the set of industries which facilitates the act of tourism which
helps in providing the facilities, infrastructure, products and services by making the purpose of travelling
significant to the places of leisure and business interests. There are concerns related to how effectively and
in appropriate manner the people are evaluating different perspectives related to how significantly the
travel and tourism has helped in growing the scales of economy at large scale. There are some important
global trends in travel and tourism industry in 21st century and these are mentioned as –

 Shift from Local to International — There has been a great shift from local to international and this
helps in creating value of the tourism business at large scale. The tourism and travel industry has been
shifting its perspectives of exploring and incurring the aspects related to tourism industry shifting from
the local to international levels.
 Growth in Contactless Payments — There has been increase in the process of payments which helps
in ensuring that the individuals are involved in the payments which are made contactless and this is
helping to initiate the perspectives of growth and development.

Why trends important for decision-making of tourism development to meet the objectives
These trends which are mentioned for travel and tourism industry helps in analysing the concerns related to
growth and development which has been made and this involves the aspects which is providing leisure,
facilities related to providence of products and services at large scale. These trends help in preparing the
tourism industry for decision-making of tourism development to meet the objectives. Decision making in
tourism is very important as it helps in creating value for the aspect of addressing and understanding the
concerns related to connecting the tourists to the local governments and tour operators.
The decisions are taken regarding provide quality of services and products which are being
mentioned in the tourism industry and this helps in analysing the concerns regarding improvement and
providence of services and leisure to the people who are travelling and concerns the aspects related to
growth and development within the tourism industry.

Decision making in tourism development helps in establishing the
perspectives which are related to addressing and analysing the concerns of growth
and development in the tourism industry. Decision making helps in increasing
income and jobs from tourists spending. Decisions helps in increasing the awareness
for the other cultures and helps in understanding them at large scale. It also helps in
facilitating and providing the communities new roles and responsibilities.
Therefore, the decision-making process helps in stating the perspectives
related to growth and development at large scale. The objectives are met by initiating
the aspects related to growth and development of the company and by fulfilling the
demands and needs of the people who are travelling.

How changes in global trend affect the businesses in tourism industry in terms of
competitiveness globally
Changes on global trend affect the businesses in tourism industry in terms of competitiveness globally.
Competitiveness is the major concern which helps in identifying the key competitors which are creating
competitiveness in the market for the individuals. The changes in the trends affects the business in tourism
industry which helps in indicating the perspectives related to how the travel and tourism facilities are made
available to the people. The changes in the trends affects the business which is depicted in the concerns
related to evaluation of the business.
The major trend has been changing post Covid which has framed rules and regulations
regarding the safety of the people. The changing of trends has analysed that there are aspects which are in
relation to evaluating the perspectives of ensuring that the business is globally active and is ensuring the
concerns related to the market growth in tourism industry.

The global competitiveness has changed the patterns of working within the structure of tourism
industry and providing the products and services to the people in appropriate manner. It is very important
that there are sustainable practices within the aspects and concerns of how effectively the tourism business
has been captured and is providing the services and facilities for the business in the market at large scale.
There are major chances of competing with the competitors in the market so that the business is
being evaluated as effectively analysing the concerns related to growth in significant manner. There has
been link to the global competitiveness. Being globally competitive refers to the nations' ability to supply
quality goods and services at reasonable costs resulting in returns which are satisfactory.

Costs and benefits of these factors on economy, society and environment
There are major benefits of the factors which are included for the economy, society and environment. The
major benefits of the factors on economy, society and environment are concerned as important and this
helps in depicting the concerns related to how the factors on economy, society and environment are
depicted. Tourism helps in generating wealth and jobs which helps in improving the economy. From the
social perspective tourism helps in bringing together different cultures, backgrounds and traditions and
helps in promoting peace. This helps in evaluating the perspective of how effectively the tourism industry
is developing the measures related to improvement in the costs and financial status.

Social — The tourism requires the host communities to be more responsive towards the aspects which are
taken into concern. There has been concern related to how the social perspectives are being evaluated and
this is in consideration to effectiveness regarding the community and society requirements within the
society. The demand of the consumption is related to how the products and facilities are being provided to
the people who are travelling and this is helping the company to effectively evaluate the perspectives
regarding the community measures. Diversity in the culture helps in depicting the concerns regarding the
positivizes.

Recommendations
There are certain recommendations which should be taken into consideration at large scale. There are some
future positive points which are to be included within the progress of business in tourism industry. The
recommendations are mentioned as follows –
 A propelling growth and development is expected from the tourism development.
 Tourism industry has an intense potential to provide the aspects related to producing the products and
services.
 There are ways and aspects of generating revenues and profits.
These should be the major recommendations which helps in providing the concerns regarding
improvisation in the tourism industry.

CONCLUSION
Thus, it is concluded from the presentation that emerging global trends in travel and tourism
industry in the 21st century was described in significant manner. Further, why trends are important for
decision making in tourism development to meet the objectives was done in appropriate and significant
manner. Moreover, there has been description which has been made and this helped in describing changes
in the global trends which has helped in describing the global trends affecting the business industry in
terms of competitiveness globally has been described. At last, cost and benefits of the factors on the
economy, social and environment has been analysed. Further, recommendations have been addressed
appropriately.