Question

In: Economics

what are the global factor affect the travel industry

what are the global factor affect the travel industry

Solutions

Expert Solution

The nature of the travel and tourism industry is dynamic and one that requires constant review if it is to remain a competitive industry. The key factors that have driven change in the industry include socio-cultural, economic, environmental and technological forces. The global forces taxonomy is introduced and the three layers are discussed in detail throughout the program.

Global distribution system is the worldwide computerized reservation network used as a single point of access for reserving airlines seats, hotel rooms, rental cars, and other travel related items by travel agents, online reservations sites, and large corporations.

  Globalization causes an imbalance in the eco system. People usually throw their garbage around everywhere which could cause sickness, to encourage more visitors, areas of greenery are cleared and wildlife killed – which is a major cause for global warming.

Let us see some of the factors:

1.Language Barriers

2.Cultural Barriers

3.Events/Disasters in other Countries

4.Seasonal Employment

5.Increasing use of technology to communicate

6.Developing Countries

7.Environment Depletion

8.Loss of Cultural Pride and Values


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