A Brief Note On The Global Car Rental Industry Essay

Travel & Tourism is a vast industry, which is known to provide numerous facilities, to people all around the world. Travel & Tourism is quite imperative, for many economies to survive, since, some of their source of income is dependent on travel and tourism.

Within travel and tourism inbound and domestic tourism are frequently changing, there are many internal and external factors which have a major impact and contribute to these changes. In this assignment I am going to analyse 3 internal and 3 external factors which affect the travel and tourism industry.

Travel started to develop as a business many years ago. This industry began, when the ancient and rich inhabitants of Phoenicia, Rome, Egypt, Greece, and China; out of curiosity and a sense of adventure, about their surroundings, began to travel. Today tourism is a billionaire industry that serves the needs and wants of millions of domestic and international tourists. There is no doubt, that capitalism has played an active role in the developing of this powerful enterprise. However, when this business began, only the rich populations were able to enjoy their summers on the coasts and countryside. As these powerful people continue traveling, their servants have to cater for their patrons travel and accommodations needs and wants. As the Roman Empire decline, this business endured a backlash. In Central America the Incas had to travel to trade with the different racial groups, which were part of their empires to trade and collect taxes from their peasants.

The popularity of car rental is based on Australia’s reputation of being a safe country in which to drive and the relative ease with which international arrivals can use Pornchanok’s international driving licenses in Australia. The lack of alternatives, in the form of a highly developed rail or bus/coach infrastructure, is also a contributory factor. Australia does not have a sufficient population density to support extensive rail infrastructure, leaving car rental as the simplest mode of transportation for tourists wishing to travel outside of major population centres.

You have agreed to buy a new Subaru from a dealer. The down payment you will need to make on the new car is $9,400, which lets you take out a loan with manageable (but steep) monthly payments. You are low on ready cash, so if you can't come up with the down payment by selling your Volkswagen Jetta, you will have to borrow it at prime plus 5% interest. You are supposed to pick up the Subaru first thing tomorrow morning, so you want to sell the Jetta today.

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

The American Auto Industry has grown grammatically since the very early of the twentieth century.

Just like the other industries such as apparel, electronics, and consumer goods, the automobile industry has accelerated its foreign direct investment, cross border trade and global production. The automobile industry has increased outsourcing and bundled value chain activities in major supplier chains. As a result, more developed countries that serve as suppliers have increased their involvement in trade and FDI. With these increased supplier capabilities, large national suppliers have become global suppliers and are now controlling multinational operations. This is because of their increased capability of providing good and services to various lead firms all over the world. The automotive industry has a distinct firm structure. This

challenges, however, are the most difficult ones to face and overcome. Some environmental issues that

Just like any other industry competing in the global arena for market space for their products, the American auto industry has faced and has had to grapple with many environmental challenges in its business endeavors. Over the years, it has not been business as usual nor a walk in the park for the American auto Industry. This has been due to the advent of global cut throat competition, the innovation race, collaborative strategies, and both local and international protocol regulatory framework demands such as emissions control, safety standards etc. The struggle for penetration and maintenance of foreign market shares has also tested the American auto industry`s mettle

The US auto market is slowing down and will most likely finish below 2016’s peak numbers. Still, somewhere between 16.8 and 17 million new passenger vehicles will likely sell as the books close in early January — that’s still an impressive range.

The tourism Industry is considered as one of the fastest developing sectors for the economy worldwide. One of the main reasons of this is the growing numbers of tourist visitation. Tourist undertakes tour in a place outside their usual environment. It is generally said that tourism as a development based industry; it has to protect and support the tourist that is visiting any particular destination. Tourist usually visits in a place with good impressions. One of the factors to influence their impressions is their assurance regarding the safety and security of the place.

The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry

In the global tourism a significant growth has been started since the end of the Second World War, namely after the commercial airline industry and the advent of the jet airplane in the 1950’s was created. As the tourism demand was increasing many governments and entrepreneurs decided to invest in the tourism sector.

One of the important sector of the international Tourism Industry is transportation. What is transportation? Transportation is imperative since it encourages exchange, trade and travel. Without successful transportation, locales are to a great extentdisconnectedfrom each other.