In
normal terms, tourism is travel either for pleasure or business. Tourism is of
two types it may be international or domestic such as within the tourist’s
country. Now a days, tourism is also a major source of income for many
countries which affects both the economy such as the tourist’s country and the
host country. As tourism from one country to another country brings large
amount of income into a local economy in the form of payment of goods and
services such as various types of expenses which includes hospitality services,
entertainment venues and others. Not only has this, with development in the
economies and technologies tourism also generates opportunities for employment
in the service sector of the economy which are associated with tourism. Tourism
never remains permanent; it is always observed during short-term movement of
people. The tourism is significantly increasing with the surge in the work load
on the people and changes in the heavy busy lifestyle. Therefore, the business of tourism will grow
steadily in the coming years.
With
the development in the lifestyle of people and increase in the disposable
income the trend of tourism is growing over the few years. Moreover, for the
sustainable business of tourism most of the key players made their sites on
which dynamic packaging is allotted to the customers. According to the report
analysis, ‘Tourism
Deep Dive: Accommodation – Strategic Issues and Market Trends Affecting
Accommodation’ suggests that some of the major companies are
functioning in this sector with effective plans of tourism which includes
Airbnb, Wyndham Hotels and Resorts, LLC
Radisson Hotel Group (formerly Carlson Rezidor Hotel Group), Choice Hotels,
International Whitbread, Starwood Hilton, Aloft Cupertino, Cendyn Experience
Hotel, Data Vision Tech, Google, HomeAway, Homestay, Housetrip, Amazon and others. With all the leading players, the
Airbnb dominate the significant growth in this industry. Moreover, tourism
industry have direct impact on the economy including accommodation,
transportation, entertainment and attractions.
With
the development, modernization in the economy and significant change in the
education system resulted in the benefits to the key players of the tourism
from the various types of tourisms such as ecotourism, recession tourism,
medical tourism, volunteer tourism, sustainable tourism, educational tourism,
and others. Furthermore, in the recent trend the youngsters are willing to do
the destination weddings which include the traveling of one place to another
and which resulted into a significant sustainable tourism which will affect the
economy along with environmental cultural, socio-cultural and economic cultural
which has led to the significant growth in the tourism industry. In addition,
with the vast changes in the educational system the educational tourism is also
developed because of the growing popularity of learning and enhancing technical
competency outside the classroom environment.
With
the increase in the tourism the products and services related to tourism have
been made available through intermediaries and buyers can easily get themselves
directly treated from manufacture by visiting their official sites. Therefore,
with increase in the demand of the products related to tourism and development in
the economies will led to the growth in the tourism market. Hence, it is
expected that in coming years the tourism industry will grow over the next
decades.
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Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
0124-4230204
