htt 210 appendix B - Associate Level Material Appendix B...

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Associate Level Material Appendix B Business and Life Cycles The following are graphical representations of business and life cycles in relation to the travel and tourism industry. Study Ch. 2 of your text and the following graphics. In 200 to 300 words, summarize these cycles in relation to travel and tourism. Describe two differences between them, and provide one example of each in the current tourism industry. HTT 210
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The business cycle plays a very interesting role in the travel and hospitality industry. Economic conditions play a large role in shaping the speed at which the cycle evolves. The current US economic conditions are causing the hospitality and travel industry to contract. This means that the industry is seeing a decrease in momentum because consumers must use their incomes to first meet their basic needs. Then leftover funds may be spent on leisure activities. The only issue is many consumers do not have any money left for fun and leisure once bill are paid. Eventually
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htt 210 appendix B - Associate Level Material Appendix B...

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