SHARING ECONOMY AND TOURISM INDUSTRY.docx

SHARING ECONOMY AND TOURISM INDUSTRY.docx - Latrobe...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Latrobe University International Tourism SHARING ECONOMY AND TOURISM INDUSTRY Abstract: Sharing economy is a new form of entry into the business market. It has been known before but until now has been officially understood as an exact definition. Sharing economy operating in the tourism industry has created a lot of breakthroughs. It helps the tourism industry become simpler with its special structure. Sharing economy also supports providers using their available assets that they do not use to rent, share to consumers for receiving income. Consumers apply this method to search for services and products at more reasonable prices. It can be said that sharing economy and the tourism industry are complementary concepts. Table of Contents Abstract: ................................................................................................................. 2 Introduction: ........................................................................................................... 2 The impact of the Sharing Economy on the tourism sector: ..................................... 3 Sharing economy concept in relation to international tourism: ................................................... 3 The factors contributing to the rise of the sharing economy: ........................................................ 4 Using of network technologies produce advantages for the sharing economy: ...................... 5 The economic and socio-cultural impacts of the sharing economy on international tourism: ................................................................................................................................................................ 5 Economic impacts: ............................................................................................................................................ 5 Social impacts: .................................................................................................................................................... 6 The example for sharing economy in tourism industry (AIRBNB): ............................ 6 The impact of the sharing economy concept may have on international tourism in the future: .............................................................................................................. 8 Conclusion: ............................................................................................................. 8 Reference: ............................................................................................................... 9 Appendices: .......................................................................................................... 10 1
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Latrobe University International Tourism Introduction: Recently, life and work make people feel tired and boring so they need to relax and reduce stress by traveling; therefore travel needs of people also gradually higher. As a result, the tourism industry is growing rapidly in the economy. However, there are issues when traveling also makes people feel bothered. The cost issues in transportation or accommodation are always the first problem that they think of. In addition, the media and advertising through the network and online help travellers find everything that becomes simpler. For this reason, in recent years, a new business model has emerged that called the "sharing economy". In the travel industry, sharing economy is necessary to apply. Its operational structure help suppliers use their assets to generate profit at a reasonable price and cheaper than the market. This report will explain and discuss sharing economy on international tourism. The impact of the sharing economy on the tourism sector will be considered firstly. Moreover, the example of sharing economy will be giving to prove the understanding of definition of sharing economy. Lastly, the future trend of sharing economy will be researched. The impact of the Sharing Economy on the tourism sector: Sharing economy concept in relation to international tourism: Properties, services or products of individuals can be shared with both free and not free of cost in the economy system mainly through the Internet, it’s called “Sharing Economy” (Cindy 2016). “Sharing Economy” is a new form of economy based on the hand of IT like the community of webs and peer communities in
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern