Ch2 The Travel and Tourism Industry

Ch2 The Travel and Tourism Industry - Ch2. The Travel and...

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Ch2. The Travel and Tourism Industry Summary Technology has provided us with the means to travel faster and cheaper, produce more food with fewer farmers, manufacture goods more efficiently, and communicate with each other around the globe almost instantaneously. The world’s population is changing. There are more of us than ever before and the population continues to grow-and grow older. Significant economic, social, and political changes occurred throughout the world in the latter part of the twentieth century, and the pace of change shows no sign of slowing down in the twenty-first. There are many trends that affect travel. These include increased leisure time, greater discretionary funds for travel, less seasonality in travel, growing ecotourism, and adventure travel. Many of today’s trends bode well for tourism; others, such as the increase in terrorism, do not. Travel and tourism is now the world’s largest industry. We cannot measure its size in receipts alone; adding expenditures like salaries and food purchases gives a truer measure. Moreover, the
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This note was uploaded on 10/13/2011 for the course MGT 101 taught by Professor Karen during the Spring '11 term at Missouri State University-Springfield.

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Ch2 The Travel and Tourism Industry - Ch2. The Travel and...

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