Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Economic Growth: The Tourism Industry Essay
Characteristics of business tourism
Don’t take our word for it - see why 10 million students trust us with their essay needs.
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a …show more content…
As such it represents one of the oldest forms of tourism, man having travelled for this purpose of trade since very early times. (Davidson, 1994)
Business travel refers to travelers who regard business as the main purpose, leaving their permanent residence for other places to take part in some business activities or other activities. It is a more limited and focused concept than regular tourism. During business tourism, travelers are still working and being paid, but are doing so in an irregular place of work.
Business travel activities can be divided into two levels: primary activities and secondary activities. The former usually includes meetings, attending conferences and exhibitions, and the later refers to accommodation, catering, transportation, recreation for leisure activities and so on. To conclude, the primary activities are more important than the secondary ones as the main purpose of this travel is for business
…show more content…
It is not influenced by seasons, with high levels of activities in all year round, so the employment in this sector is rather stable.
3. The urban areas are regenerated because of investments on business tourism facilities.
4. Many investments for infrastructure construction in the destination primarily designed for the business tourists (hotels, restaurants, transportation…) provide economic profits, and they can also be enjoyed by local residents and leisure tourists.
5. The local culture and customs might attract the businessmen who are attending a conference in the city and give them a favorable experience, and then they are likely to establish their business operations there in the future. Thus business tourism can stimulate future investments for the destination.
6. As businessmen demand higher quality of service in the destination, suppliers are paying more attention to this issue, which could bring higher levels of job creation in turn.
7. According to the research of Conference Delegate Expenditure Survey in 1998, nearly 40%of business travelers will return to the destinations which they have enjoyed in their business trip before, with their family members as leisure
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).
Tourism can be defined in many ways, for economist people tourists are the main source of earning foreign currency, for private sector it is an act of the developing product, for other tourists receiving community it is an angle of change of lifestyle and for travellers it is a set of activities that motivate the individual to leave home temporarily
The statistics change as the younger generations are less likely to be afraid of unstable situations in countries. As it could be seen, travel industry in the world lives its most active times with Millennials being so desiring to travel for both leisure and business activities. Millennials and Generation Z’ers are the generations that require thorough attention in research and business planning in the travel industry, as their worldviews and life priorities differ from the previous generations, sometimes to the point of incompatibility of marketing techniques. The situation in the world also happened to be an influential factor in the international travel market, despite the overall growth in the field. The research has allowed observing the traveling trends in the world, allowing to notice that the U.S. no longer has the biggest business travel market in the world. Moreover, the paces at which the U.S. traveling market grows allows making predictions that the situation in the world will change through the course of the upcoming
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.
Attract tourist more and let them spent more money on it. Tourism is not only dependent on the city's economic development. Tourism at beginning was just the consumption activities from a handful of people. Nowadays tourism has become a modern mass activity more people could afford and love to pay for the tourism, the fundamental reason is the development of social productive forces and the result of people's consumption level improved. The city's economic development leads people have extra discretionary, it could be transformed into tourist motivations travel behavior, travel demand within the city can be m...
Global business is widely growing and increasing day by day, it has indeed manufactured benefits to both world and individual economy of a country. It plays a vital role to make it sustain in the long term profitability and also helps to improve interconnection between countries. Tourism business is however inter-related with world business and economy as it contributes a large amount of money exchange and also cuts the boundary of cultural and social backgrounds in other words the world has become local to everyone through tourism and globalization. Tourism in other words is a business which has grown globally and has become popular by marketing its products and aquatics every where around the world.
Japan is a country filled with years of culture and tradition. It is also a country that puts a large emphasize on the workings of its business world. Japan’s tourism is driven by its unique culture and business prospects. In the Japanese economy, tourism is not as influential as other sources of revenue but it is still substantial. In Japan, tourism and business travel, in Japan, is mostly domestic. In 2013, travel and tourism contributed $108.6 billion yen to Japan’s Gross Domestic Product (“Travel & Tourism Economic Impact 2014: Japan,” 2014, p. 7). Travel and Tourism consist of ancient and new attractions, hundreds of different and exciting business conferences and conventions, as well as billions of dollars invested into international
Tourism is often associated with traveling to places away from home. Tourism has a big impact on the economic growth of some countries, which define the shape of their cities by producing different sectors like historic districts, convention centers, museums, malls, hotels, restaurants, and the list can be endless. Furthermore, tourism elements have been developed by cities for a variety of reasons including: situating themselves in the world by drawing a positive image and attracting visitors and for their money.
Nowadays in the rea of globalization, according to the World Tourism Organization, “seven hundred million people travelled abroad in 2003”, and the number is estimated to increase to 1.6 billion by 2020. (International Labour Organization, 2005). Tourism is spreading in unusual places. A lot of people want to be in the midst of adventure. It is a vital source of revenues for the GDP of many countries. I partially agree that tourism hugely benefits the local community. This essay will discuss some of the economic, social and environment effect of tourism on the host community.
In recent years, tourism marketing has gone through strategic changes with the improvement in new technologies, the chase of a relationship between customers and suppliers as well as the importance of sustainability issues in marketing. Marketing Tourism reconsiders the needs of the tourists but does not overlook on the long term economic, environmental, social and cultural interests of the local population. So, it means that marketing consider both the tourist demand and effect to society as
The is the second chapter of the research. The main aim of this part is to provide an overview of all the related themes of the title. Each main theme has been divided into sub parts which include definitions and is explained through diagrams. All data has been taken from various academic researchers’ point of view all over the world. Hence, the Chapter 2 will therefore look onto the depth of those studies in details and emphasizing on its importance that can help to better understand travel motivation and tourists’ behavior.
There is not really a universally accepted definition of tourism. In 1994 the World Tourism Organization (WTO) revised its definition. It says the tourism comprises of 'the activities of persons travelli...
1.2 Problem Formulation In the problem formulation part of my report I would describe the overall situation of the U.K Tourism industry. The service concept of “Simply Travel” will give us information about the services provided by the company. I will find out about the customers, competitors of the company. I will find out what political, economical, social and technological factors affecting the company and its demand situation.
Is tourism an industry and if not, what is it and how can it be defined? To answer these questions we need to find the definition of industry first. An industry is a group of firms producing products and/or services that are close substitutes for each other(……). To be considered as an industry, it must meet three factors -- individual businesses, revenues of those businesses, and a common product. Now let’s see what tourism is. However, there is no single definition, that is to say no agreement on what tourism should be. There are some reasons: tourism includes a number of diverse sectors (e.g. transport, accommodation, attractions, other services); tourism includes a number of academic subjects -- some argue that as a subject tourism is conceptually weak; difficult to establish strict boundaries around tourism both as a business and as an area of academic study; weak data sources which make comparisons between countries difficult.
Tourism's economic benefits are advertised by the industry for a sum of reasons. The idea of tourism's economic significance gives the industry a much greater respect among the business municipal, public officials, and the public in general. This often translates into decisions to tourism.