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


Related Solutions

What is the general environment in the global airline industry?
What is the general environment in the global airline industry?
The following questions are for fedex: What political/legal forces affect the industry? What economic forces affect...
The following questions are for fedex: What political/legal forces affect the industry? What economic forces affect the industry? What social forces affect the industry? What technological forces affect the industry?
What prompts U.S. (Hollywood) movie industry to go global since 2000? What global strategy should Holly...
What prompts U.S. (Hollywood) movie industry to go global since 2000? What global strategy should Holly adopt now (2020-2023) and why?
What are the five competitive forces that affect prices and profitability in an industry?
What are the five competitive forces that affect prices and profitability in an industry?
what are 3-5 topics regarding global efforts in the information systems industry. clearly identify the global...
what are 3-5 topics regarding global efforts in the information systems industry. clearly identify the global topics, how it's being used in global firms and what affect the topic has on the information systems industry
explain any two factor that affect ped
explain any two factor that affect ped
what are the key forces in the general and industry environment that affect campbell’s choice of...
what are the key forces in the general and industry environment that affect campbell’s choice of strategy? case study compbell’s soup
Let's discuss the disadvantage of CFCs and how it will affect our global environment. What are...
Let's discuss the disadvantage of CFCs and how it will affect our global environment. What are substitute refrigerants used to replace the CFCs in the Refrigeration system?
This can be from the automotive industry (the service side), personal care, theatre, education, travel industry,...
This can be from the automotive industry (the service side), personal care, theatre, education, travel industry, and the like. Consider the various services that the business or company offers to consumers and create your own services continuum. Step 2 Choose a company that provides services to other businesses. Examples include consulting firms, banks (from the B2B perspective), printing or document services, law firms (again form the B2B perspective). Consider the various services that the business or company offers to businesses...
Does the diet of a caterpillar (to be treated as a factor) affect the size of...
Does the diet of a caterpillar (to be treated as a factor) affect the size of its head (dependent variable) once the caterpillar’s body weight (a covariate) is accounted for? To study the effect of forage quality on caterpillar head size, an ecologist raised caterpillars on three different diets: diet 1 was an artificial soft diet, diet 2 was a soft grass diet and diet 3 was a hard grass diet. The results are given overleaf. a. Diet 1 Log...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT