Travel Agency

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.

The Outlook Traveler Awards is comprehensively perceived as a champion amongst the most prestigious affirmations in the travel and tourism industry. For this their 8th yearly peruses' study, a stellar leading body of jury people was at first asked for that shortlist applicants in every class from a broad summary of decisions. The voting that took after by more than 18,00 respondents' countrywide saw Thomas Cook (India) Ltd. ascend as Outlook Traveler's Readers" "Most cherished Outbound Tour Operator."

As the economy develops, the individualized and diversified demand of tourists is growing. Tourism consumers in different regions, their needs and desires are vastly different, and also change with the change of environmental factors. Travel agencies highlight the characteristics of market positioning, emphasizing the differences, and establish

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

The Indian tourism & hospitality industry has appeared as one of the significant drivers of growth among the various services sector of India. Tourism & Hospitality in India is a potential game changer .It is an emerging industry, an employment generator, an important source of foreign exchange for the country and an economic activity that helps local & host communities. In Indian the tourism industry has the potential to grow at a high rate and ensure consequential development of the infrastructure.

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

The buyers of the services of travel agencies are consumers, that is, individuals and businesses. For this industry we are dealing with a small degree of concentration, due to the wide range of services.

In the leisure industry there is always a need for Travel Agents to be allocatively efficient, this is because it is vital that they produce what society wants. If it was the case that certain Travel agents were not providing the holidays that consumers wanted this would simply result in holiday makers going elsewhere. This is especially the case at present because barriers to entry/exit have decreased meaning new firms are entering the market all of the time due to improved communication. This has increased competition mainly due to the internet as many travel agents and comparison websites have set up online to compare the best deals, which increases the power to the consumer as they are no longer required to visit the main four travel agents. This has resulted in a greater need for travel agents to avoid mis-allocation of their resources by decreasing the number of planes and destinations. This is because if they do not allocate their holidays to societies needs their Marginal Cost will increase above their price. Therefore increased competition leads to an increase in the need for firms to allocate resources to what society needs and ensure that they are increasing their quality and output to become allocatively efficient. We have established that increased competition will inevitably result in

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.

Cambridge International A & AS Level Travel and Tourism is suitable for both A Level candidates and for those seeking a more specialised study of this subject. This syllabus encourages candidates to appreciate the scale and importance of the travel and tourism industry in the world and recognise the positive and negative impacts the industry may have on people, environments and economies. Candidates learn that the travel and tourism industry is dynamic in nature and how the industry responds to change: e.g., external factors such as changing consumer needs and expectations and developments in ICT. The syllabus encourages candidates to learn practical and technical skills relevant to the industry, enabling them to deal with a range of complex situations and problems.

Also the lifestyle will affect travel agencies in the future. It can be affected by time scarcity, educational attainment and mobility. Some customers would not have time to go through the travel agencies, they would go straight to the supplier. In education people would need information hence they would have the ability to use technology. Also mobility, people with private motor vehicles can visit resort areas on their

Hospitality and tourism two topics but one objective, if you think travel as automobile body the tourism will be the engine. So this relation between them, Travel has started over thousands of years ago. From the ice age to the civilized age it is the traveling that brings people so far. Traveling was the mean of enjoyment, survival and knowledge. And now it is the part of marketing. Tourism and hospitality has in turn is the product of marketing. but In the past people learn through traveling. But tourism has become the recent format of traveling. When the travel becomes enjoyment and connected to business it becomes the tourism. And this is how it runs. But for the tourism to develop into current format the thing that is most important is government. It is the government that put regulation on the tourism and promotes it for its betterment. And they have a reason

The demand of services in the travel and tourism sector is increasing from years and they are met with the methods opted by the organisations for their firms to reach new heights.

Although some business are still recovering from recession, the travel and tourism industry as a whole is rebounding. More specifically, the industry being examined (Online Travel Agency Industry) has great opportunity for and showing signs of significant growth due to the following factors: looser international travel regulations and laws, increased economic stability, and increased technological capability. Also, it’s important to have faster changing development in technology in order to react quickly for businesses and meet consumers’