International Travel And The Tourism Industry Essay

Tourism has become a commercial business, which has obvious benefits to the said economy, the environment and society. Often, the positive economic impacts persuade governments, companies and individuals to get involved with the development of tourism. Tourism creates jobs, both

In this section I will explain the different development in the tourism industry since the 1960’s and what the effect it has on the travel industry.

While many problems are associated with International tourism, it can still offer some advantages. For one thing, International tourism can open job opportunities for the native citizens. To demonstrate, when tourists visit an area, the vast majority of them don’t have a clue on

Over the last 60 years, tourism has benefited from continuous growth and diversification, becoming one of the largest as well as the fastest growing world’s economic sectors. Tourism becomes one of the major categories of global trade in services. Nowadays, 7% of global goods and services exports are contributed by international tourism, and for the last four years, it has grown faster than the general global trade.[ Exports from international tourism rise 4% in 2015, (2016, May 6). Retrieved from http://media.unwto.org/press-release/2016-05-03/exports-international-tourism-rise-4-2015]

Employment opportunities have increased thanks to the tourism sectors. Creating jobs for women and young people, this has contributed to the increase in foreign income, and improves the standards of living for the individual employed in this sector.

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).

One of the challenges that these travel agency managers face is that there is a greater traveler independence (Murison, 2015). In certain parts of the worlds, travelers are keen to explore and travel without the need of having everything arranged for them anymore. These travelers know what they want and how to obtain it getting rid of the need for travel agencies. Additionally, the increasing transparency of prices is another problem that travel agency managers face (Murison, 2015). Travelers are not naïve when it comes to the pricing of their trip. With all the online services available, travelers can check and compare prices of the best deals that suit their needs and their

Tourism and industrial recycling, being other major sectors, are also one of the industries that are growing fast globally. The global gross domestic product (GDP) for tourism industry was considered for 10.3 per cent. Tourism is not just a fast-growing industry, but jobs in most economies are created by tourism industry since it demands human-resource. Approximately, “230 million jobs are created in tourism industry and one and a half indirect jobs are created by one direct

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Tourism is often synonymous to traveling for pleasure and education. It is also a business of attracting tourists and providing for their accommodation and entertainment. In many countries, tourism is an industry for earning Inland Revenue and foreign exchange. The many businesses that grow concomitantly with development of tourism include airlines, shipping, hotels and restaurants, finance companies, tour operators, travel agents, car rental firms, caterers and retail establishments and together,

With this in mind it is easy to see why "Tourism is a major element of the service economy" (Cooper et al, 2000) and that "Travel and tourism is probably the single most important industry in the world" (Holloway, 2000) Tourism has grown rapidly and has been applauded for its sustained growth.

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

I named this Conceptual Framework as the “The Descriptive Concept”. This research will show the characteristics, benefits, and the importance of a Travel Agency; it’s performance in the previous 5 years within the area of Malolos; it’s competitors and threats; and will also show how the Tourism Industry will become if without Travel Agecies. This facts will show us the significant role of the Travel

Tourism as a social progress and economic activity has been found to be a blessing particularly in poor development countries. The impact of tourism are felt especially in the third world. The impact has two dimension that is negative and positive. Of course controversies surround some of assumed impacts. Tourism facilities rather

Tourism is one of the most important sectors that apply ICTs which already played a significant role in this industry. It plays an important and vital role in the economic activity of Tunisia; it contributes to budget balancing and solves many economic and social problems.