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Impact of tourism
Impact of tourism
Positive economic impacts of tourism
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1. Introduction
This report will contain a SWOT analysis of the tourism industry as a whole, but will focus mainly on activities concerning United Kingdom countries and companies, as the tourism industry covers a huge, global area. There will be points raised that affect countries globally as well as the UK that will be made aware of during the contents of this report.
The tourism industry covers many different organisations that can work together and against each other in gaining a piece of the billion pound tourism pie. Airlines, travel agents, hotels, and many more businesses have a lot to offer the tourism industry, for a number of reasons which will be discussed.
2. Strengths
It seems in recent years the tourism industry has grown rapidly bringing a lot of strengths to the sector. First of all in 2004 the world tourism revenue rose 10% to a record 622 billion dollars according to the world tourism organisation. The United States had the most revenue from tourism as their receipts rose 16% to $75 billion, followed by Spain with $45.2 billion and then in third France with $40.8 billion. Tourist arrivals rose globally by 11% to US760 million, the fastest rate of growth for some twenty years. (Bloomberg News, 2005)
As far as the UK is concerned it is the world’s sixth biggest travel and tourism economy, and it accounts for 9.4% of the country’s Gross Domestic Product (GDP), as well as 2.6 million jobs. The global travel and tourism market is expected to grow 4.2% each year over the next decade and UK travel and
tourism is expected to grow an equally impressive 3.1% a year over the same period (Chris Druce, Caterer and Hotelkeeper, 2006). This is without a doubt a
strength to build on for the UK and global travel and tourism industry.
2.1 In addition it seems to be a lot cheaper to go on holiday abroad these days and a perfect example of this is the fact that this 2007 Easter holiday, there will be a record number of British people going overseas. 2.5 million will have travelled abroad over the bank holiday weekend, according to the Association of British Travel Agents (Rupert Neate, The Guardian, 2007). This will be a great help to the tourist industry in the UK, even if people are moving overseas on holiday, as the government will be receiving corporate tax on the companies who take these people abroad and the more money they make the more the British government get in return.
The corporation has become the UK’s largest independent hotel brand comprising of 500+ hotels and 37,000+ guest bedrooms which is spread across UK, along with Ireland and Spain. In this report, the positioning of the Travelodge will be discussed in the sector of hospitality.
Some international companies which are established in EU member countries will move their headquarters out of UK. In addition, UK will lose a high level foreign direct investment. Since some of EU based companies, or companies that do large amounts of business with Europe, are very likely to move their headquarters back into the EU, it will make UK gain much less tax revenues. Some people may argue that right now, EU’s economy is not promising either, especially with lots of refugees, unemployment people and Greek financial crisis, leaving EU may be a better choice. However, they failed to see that leaving EU will bring a big shock to he financial market, too. After the announcement of Brexit, the British Pounds hit thirty one year low versus American Dollars. More than one hundred billion pounds wiped off FTSE 100. UK taxpayers lost eight billion pounds on RBS. UK also lost AAA rating. Clearly it’s a nightmare for the entire financial market, and there’s no promise when the market will become stable.
· Travel and tourism is a major industry in this country and is at the
Business today has so many responsibilities. Aside from making a profit, they are forced to take on a different responsibility, one that involves the environment. Even though, they already have many regulations set by the government, they are still being asked to answer to the call of helping out the rest of society take of nature. This essay will discuss the pros and cons of corporate responsibility for the environment through the agent-of-society and agent-of-capital views.
Various definitions of tourism exist. Tourism is defined by Macmillan Online Dictionary as the business of providing services for those people travelling for holidays. Tourism has experienced continued growth over the years and diversification and has become one of the fastest growing economic sectors in the world. For countries like Australia, it has become one of the major contributing sectors in the economy generating large proportions of the national income and at the same time increase employment opportunities. The future is still bright for the industry in the country with possible future growth in expansion and diversification. The industry however has both the pros and cons impacts to various ranges of environments (Tourism Research Australia).
For the introduction, brief information regarding my purchase and the travel and tourism industry is presented. It was then followed by the explanation of the 2 chosen theories from two different chapters.
Hospitality is defined as the art of receiving a guest, visitors or strangers with goodwill entertain them and make them feel at home (Tesone, 2010). The hospitality industry itself is much bigger, and it includes lodging, theme parks, and cruise line among others. Around the world, the hospitality industry has recorded the fastest growth compared to other industries for the same period. The main reason has been more people have more money to spend, companies are spending more on the employees in entertainment and on the other side it is one of the most lucrative investments filed for many investors. According to Les Roche’s International school of hotel management in Spain, 8.7% of the world employment is in travel and tourism
Information technology is a buzzword in the modern competitive business arena. Without information technology no business is successful globally even locally. The role of Information and Communication Technology (ICT) in the tourism and hospitality sector is beyond the description. Visitors or clients now want to see the glimpse of the services quality, costs and compare with other channels in order that they can be benefitted. So, there is no alternative to disregard the ICT rather it should be treated as investment part and try to maximize the benefit derived from it. The hospitality industry also includes tourism sustained commercial activities like airline cabin staff or agents in travels. Information technology (IT) and
Aguilo (1996) explains that the styles that define the growth of the tourism and hotel business, with modifications in the intensity and distribution of tourist flows, have transformed the situation. This situation needs organisations to concentrate the tourism business
The issue to be discussed, as to if the advantages of the UK having a
According to Leiper “Transportation is the only link between the tourist-generating region and destination region”[2]So, transportation was a more interesting sector to discuss in the report but I tried to find a company which is related with all these main sub-sectors discussed above in the report. I have decided to look in the U.K market for such company because “Tourism is one of the largest industries in U.K, worth approximately 75.9 £ Billion to the U.K economy in 2002 and supporting around 2.1 million jobs.” [3] During my research on internet I found many companies offering services in the tourism of U.K but I have decided to choose “Simply Travel” because of its variety of services offering related with the accommodation, transportation and attractions.
The overall industry saw a strong boom rate from 2010-2014. The global hotels & motels industry had total revenues of $677.1bn in 2014, representing a compound annual growth rate (CAGR) of 4.6% between 2010 and 2014. In comparison, the Asia-Pacific and US industries grew with CAGRs of 6.6% and 5% respectively, over the same period, to reach respective values of $163.7bn and $166.2bn in 2014(Global Hotels & Motels 7). The reason for this growth is due to the Asia-Pacific Region and Americas. The US alone with its world’s largest hotels/market has conquered net value growth, while China has literally doubled the revenue in the same time span. The leisure segment
Tourism is a typical activity of fashion that the public participate widely and it has grown in importance over recorded human history. Innumerable articles refer tourism as “the world’s largest industry”; policy-makers, analysts, and scholars often speak of the size of the tourism compared to that of other industries (Smith 2004: 26). These series of misleading statement, together with the mass media’s reports (out of context), make the idea that tourism is a single large industry branded into many people’s minds. However, in this essay I will demonstrate that it is a simplistic and misleading idea, which should be replaced by the plural term, “tourism industries”. Moreover, tourism is not the world’s largest industry, but largest service sector.
The negative impacts that tourism creates can destroy the environment and all of its resources which it depends of for survival. Tourism has the prospective to create and bring useful effects on to the environment by donation the environmental protection conservation.
‘An intermediary who acts as a broker between the tour operator and consumer’ is the delineation of a travel agent, cited by Page and Connell (2014). Travel agents partake in the arrangement of selling accommodation, flights, insurance and other travel and tourism related services. This essay will discuss in extensive detail the importance of travel agents, provide various views and opinions and conclude with a possible answer to: ‘is there a future for the travel agent?’