Tourism Supply Is A Complex Phenomenon

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

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]

The tourism industry is complex and it offers different services and products. One of its major services are tour operators, for

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).

Tourism & hospitality is one of the world’s rapidly growing industries as income is generated through the expenditure of goods & services required by tourists. The tourist is therefore very important to the wellbeing of many countries.

The Tourism and Hospitality Industry is one of the largest industries in the country. This industry is one of the key front-line players which contributes greatly to the growth of the economy of a country. They are the vital source of income for both government and private sectors. People often mistaken that the duty of the profession in the tourism and hospitality to be somewhat similar, that is to serve clients but in fact, there is actually a vast difference between the roles of a tour guide, travel tour manager and travel agency manager.

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

According to CTH Lecture notes (2014) the hospitality industry is one of the largest growing sector in the world and it will be discussed according to the history, characteristic and the importance of the industry as well as the features of the business along with the grading system, the internal and external factors, and the tourism industry is also a large growing sector which provides services such as accommodations, food, etc. The history, characteristics and the importance of the tourism industry will be discussed including the patterns of demands and tourism indicators, with the growth of emerging forms of tourism and the importance of transport, accommodation, attractions and events as well as the deference between tourism

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,

Tourism is one of the most exciting and progressive industries in the world. Tourism today is a leisure activity of the masses. People travel to international destinations to break the regular monotony of life. They are mainly attracted by either the scenic beauty of its nature or by fascinating leisure, sports and adventure activities offered by the destination. However, every destination has some internal strengths and weaknesses that either enhance its capacity to attract foreign visitors or diminish it. Similarly the external environment can create various opportunities or exposed to threats as well.

Since the beginning of human civilization in the world, travelling has been an ongoing event. The early humans travelled for hunting and food gathering. Later, as society evolved, travelling became more prominent but became limited to trade, pilgrimage, studies, migration, royal affairs and exploration, rather than for pleasure and entertainment. From this knowledge it is evident that travelling is part of human nature but tourism is a process and activities of a new and moderately recent phenomenon. The evolution of tourism can be divided into three phases.

This case study deals with family tourist business. The company “Green Paradise Tours and Travel” was created in 2014 with the aim to put Sri-Lanka into a world class tourist destination. In this current project the attempt is made to develop a systematic approach to understand the operational management of tourist business. Commercialization of tourist activity has led to the need of the implementation the basic elements of operational management into the practice of tourist companies. At the same time tourism has a number of the features connected with nature of the rendered services, types of activities, forms of sales, legal regulation etc. These all led to the development of the special direction of management in a services sector like operational management of tourism. Non-standard use of the basics of operations management will help to

Hospitality and Tourism (H&T) industry play a significant role in the global economy due to many countries are increasing open up their borders to join the wave of global integration and the development of the hospitality and tourism industry has become a source of substantial foreign exchange revenues for the economies (Giap, Gopalan, & Ye, 2016). Hospitality and Tourism industry is a vast group of businesses that provide services to customers. By proving this kind of service, hospitality and tourism industry should focused on the satisfaction of customers and also providing the specific experiences for customers. Thus, hospitality and tourism industry is unique because it relies heavily on the discretionary income and free time.

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

Did you know the global car rental industry is expected to reach an estimated value of $81.2 billion by 2019? The transportation sector is one of the main operating sectors of the tourism industry. Looking further into the transportation sector, since the beginning people have been traveling by various modes, rather it was by feet, by aircraft or some form of vehicle. Tourism and transportation are very inextricably linked, that’s why it’s hard to overstate the importance of transportation. As tourism increases there will be more demands that will be placed on transportation. In research it finds that air travels dominates long distance and middle distance tourism but the private automobile dominates for shorter trips and by far the most popular means of travel for most domestic journeys. The automobile is very much so important in regional and international tourism, because when you think about transportation it simple means to carry passengers from point A to point B, when it’s considering from a tourism point of view, it simply refers to carrying tourists from their residents to the place where the touristic products are introduced. With travel and tourism experience of tourists no matter where they are start and end with transportation, main reason why it is impossible not to consider tourism without transportation. If we can’t move people from place to place weather by air, sea, or land then there is no industry. Transportation system of a tourist destination has an