The Industry of Travel & Tourism
Essay by 4.w4h33d • March 10, 2016 • Research Paper • 3,029 Words (13 Pages) • 1,676 Views
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Contents
Task 1:
a. Introduction:
b. Key Milestones in developing the Travel and Tourism industry of UK
c.
d. Explanation of the role and activities of the main businesses involved in tourism
E. Evaluation of Economic and non-economic factors:
F. Effects on demand after the end of Second World War:
g. Conclusion
h. Self-Evaluation:
Bibliography
Task 1:
Introduction:
The industry of Travel & Tourism is considered as important industry as it would be treated as one of the vital industries in world because this industry gives more than 10% in worldwide financial yield to support the economy and alongside jobs at the ratio of 1 out of 10 (WTTC, n.d.) It is indicated from the announcement of council of Travel & Tourism that this industry is highly significant to the economy of the world. In current situation industry of world tourism is blasting thus as in Britain. Main competitor and arrival for this industry and ranked seventh on the planet for the quantity of guests and in addition their expenditure. This report will give the comprehension of nature below which operations of this industry occurred. From this assignment, by doing investigation of the history of the industry of travel and tourism and structure of industry, corporate level strategies regarding the division and impact of changes in the strategic policies. It concentrate likewise incorporates effects of industry improvements and also impacts of supply and request. To clarify downplaying of every subject this assignment will be distributed into 4 parts which are different and the very first part will portray about the past and structure of the travel and tourism industry, the impact by governments on the local and national level, and the 3rd part will demonstrate the impact of demand and supply, and on the fourth will explain the sectors effect and at the last conclusion is made on depth to justify all the concepts and points.
Key Milestones in developing the Travel and Tourism industry of UK
Sr. No | Year | Key Milestones |
1 | 1959 | Start-up of the services (commercial) in 1959 of Boeing 707. (Glancey, 2014) |
2 | 1969 | Boeing 747 is introduced in 1969 having passenger seat capacity of 500 (Monetary, n.d.) |
3 | 1969 | Board of tourism developed Act of Tourism in 1969 in UK (Legislation Gov, n.d.) |
4 | 1976 | British airways and Air France collaboration resulted Concorde (British Airways, n.d.) |
5 | 1979 | Allowing the tourist to take extra finance and money out from the country and due to this restriction are lifted from exchange ( SKJOLD, n.d.) |
6 | 1986 | Sign the treaty between Anglo-French Channel Tunnel. (Railway technology, n.d.) |
7 | 1993 | Development of low-cost airlines was allowed by European skies (Economist, 1997) |
8 | 2001 | Without refueling 1st non-stop flight around the world |
9 | 2003 | Concorde taken out of service (British Airways, n.d.) |
10 | 2005 | Airbus A380 was introduced which was capable enough to carry up 800 passengers |
Explanation of developments of Travel & Tourism industry:
Introduction to jet aircraft
World war second leave a bed affects on the world but the positive impact of this war was the rapid growth in aircraft technology. At that time the aircraft technology that used was the comet aircrafts which is not reliable and faster as jets Boeing 707 that are introduced in 1958. After this the world acknowledged the possibility and the advantages of air travel it make it more popular with the population. The demand of charter flights was rise in 1960, this is the point at which they set up together bundles that are well known to populace today which incorporate courier services, transfers and accommodation. Having diverse sort of flights go over the world as it helped travel business heaps on the grounds that it assists the populace with feeling unwind to go away for events or shorts breaks and other unmistakable reasons and it is helped the country in generating revenue (Marked by teachers, n.d.)
Privatization of the British Rail
In 1980 British government decided to privatize the railway department due to its bad performance. After in 1980’s railway department of British separated over different groups now they are operating their business as pvt ltd company. Virgin is the company some of them which operated its business efficiently the route of this company is between the Manchester and London and the population belonging to that area are satisfied with the services that are offered by Virgin company (The Telegraph, 2015).
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