Analysis of UK Travel and Tourism Sector: Policies and Economic Impact

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Added on  2023/04/04

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This report provides an analysis of the UK travel and tourism sector, focusing on the significant impact of Chinese tourism and the crucial roles played by the government, government-sponsored bodies, and international agencies. It examines the formulation of national tourism policies, investments in sector development, and promotional activities. The report also explores how local and national economic policies, including VISA regulations and the influence of bodies like the IMF and World Bank, affect the sector's success. The conclusion highlights the substantial contribution of Chinese visitors to the UK economy, the creation of employment opportunities, and the overall benefits of effective economic policies for the growth and development of the travel and tourism industry. The report emphasizes the importance of continuing to cater to Chinese tourists to maintain the sector's economic advantage, and includes references to relevant academic research.
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The Travel and Tourism
Sector
TASK 2 (2.1 & 2.2)
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Introduction
Since a few years, it has been seen that visitors from China are coming UK to visit the nation very
frequently and in high number. This is significantly helping the economy of United Kingdom to grow at a
fast pace by earning higher revenues from the same. Tourists coming from China are spending a high
amount on availing the tourism services with which industry is earning higher profits. It has been
researched that China is contributing around £500 million to the economy of UK by visiting the country.
Therefore, with the same, along with gaining profits, many employment opportunities are gained by
people residing in the UK.
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2.1 Analysing the function of government, government sponsored
bodies and international agencies in travel and tourism
If tourism industry is earning attractive profits, then it is responsible for providing necessary benefits to
the tourists. In travel and tourism sector of UK, government is playing a crucial role which can be stated
like:
Formulating national policies with respect to tourism development
Investing a good amount in the facilities for growth in travel and tourism sector
Promoting nation for the purpose of rising tourism
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Cont.…
Government sponsored bodies as well as international agencies are responsible for increased development in
the travel and tourism sector. Major functions played by them are like:
Developing the economy
Maintaining the understanding at international level
Prospering the economy and bringing peace
Main international agency i.e. UNTWO is mainly focusing on the development of nations with travel and
tourism sector
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2.2 Way in which local and national economic policy influences the
success of travel and tourism sector
Local and economic policies highly influence the success of travel and tourism sector. It is because; as per the
same, companies operating in this sector have to perform their functions. In accordance with the article given,
these are the VISA policies that play a vital role in giving leverage to China and thus, people are easily coming
from the nation for the purpose of visiting different places. It can be said that national economic policy proves to
be highly effective for making the economy grow and attain high success. IMF and the world bank are those
bodies which are significantly affecting travel and tourism sector of UK through imposing different policies. All
these policies are helping the industry to develop different facilities to a high extent.
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Conclusion
It can be concluded from that China is highly contributing in making the economy of UK grow by
making it able to earn higher profits and revenues. Tourists coming from the nation are resulting in
providing various employment opportunities to the people of UK in travel and tourism sector. Also, it has
been assessed that local and national economic policies are also proving to be very beneficial for making
the industry grow as well as for developing the economy as a whole. Overall, it can be said that travel and
tourism industry of UK is gaining a lot of advantage through Chinese visitors and thus, it should keep on
entertaining them.
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References
Moutinho, L. ed., 2011. Strategic management in tourism. Cabi.
Narayan and et.al., 2010. Tourism and economic growth: a panel data analysis for Pacific Island
countries. Tourism economics. 16(1). pp.169-183.
Peeters, P. and Dubois, G., 2010. Tourism travel under climate change mitigation
constraints. Journal of Transport Geography. 18(3). pp.447-457.
Scott, D. and Becken, S., 2010. Adapting to climate change and climate policy: progress,
problems and potentials. Journal of Sustainable Tourism. 18(3). pp.283-295.
Wu, P. and Shi, P., 2011. An estimation of energy consumption and CO 2 emissions in tourism
sector of China. Journal of Geographical Sciences. 21(4). pp.733-745.
Dickinson, J. E. and Lumsdon, L., 2010. Slow travel and tourism. Earthscan.
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Thank You!!
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