Scenario
Some of my group went on a trip to a different country and missed a unit which covers the travel and tourism business environment. I will be giving them a short description for the following aspects of the business environment.
These are the factors which I will be writing about:
Public sector
Private sector
Geographical sector
Importance to UK and international economy
Public sector
Public sectors are run by the government. The government also runs places like ATOL. Their main aim is not to make a profit; instead they exist to provide a wider service to the community by informing, educating and directing the customer. E.G:
Royal Botanical Gardens
ATOL cover means that if your travel company fails and your holiday can no longer go ahead you will be allowed to a refund if you are yet to travel and go on holiday and transport home if you are abroad.
The ATOL arrangement of economic defence covers flight holidays. If you buy a holiday such as rail or cruise from an ABTA member your money will be protected by the ABTA scheme of financial protection.
Source: http://abta.com/go-travel/before-you-travel/travel-tips/financial-protection
Private sector
This is the part of the national economy that is not under direct government control. These businesses have aims of making a profit and exist to make a profit. travel agents
Airlines e.g. (Thomas cook, easy jet) etc. tour operators hotels car hire companies
Geographical sector
These are important to business environment because they would want to avoid competition. They would like to settle into a good place and area with a good amount of people but also being away from noise e.g. a motorway. But not that far so they would easily get resources so i.e. good transport links.
Importance to UK and international economy
This is an importance as it can help in many ways like more businesses who will work around the places of other workers. This will also help in the employment around the area and help the local community find jobs. Another thing is tourism which will help the government as they will spend their money on items therefore pay towards the GDP (Gross Domestic Product). This will all lead to a better
You May Also Find These Documents Helpful
-
Private sector - Private sector is owned by private individuals or groups and is not controlled by the state. The private sector companies are not owned or run by the government. Private sector includes Tesco, ASDA, Matalan etc.…
- 490 Words
- 2 Pages
Satisfactory Essays -
• In the private sector a business will aim to make a profit. Where as in the public sector a business would aim to make a profit where possible and also aim to meet strict expenditure targets.…
- 600 Words
- 3 Pages
Satisfactory Essays -
This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit.…
- 481 Words
- 2 Pages
Good Essays -
Public sector organisations deliver services to the public, examples include the NHS, local authorities, local council-run libaries, schools controlled by local authorities, and care homes.…
- 274 Words
- 2 Pages
Good Essays -
Private sector is a business or organisation that is ran by individuals for a profit. Public sector is a business or organisation ran by the government for no profit, these organisations are part of voluntary sector. Voluntary Sector is the sphere of social activity that lets the community join in and bring them closer, it is also non-governmental and not for a profit.…
- 1332 Words
- 6 Pages
Satisfactory Essays -
Summary Full provision for deferred taxation now required Accelerated capital allowances Pension costs Unrealised group profits Interest costs capatilised Unrelieved tax losses Other short term timing differences Not for: ` Re-valued fixed assets Rollover relief availed of Remittance of overseas sub.…
- 2979 Words
- 12 Pages
Good Essays -
package holidays that are such an important feature of life in the 21st century. Tour…
- 3086 Words
- 27 Pages
Good Essays -
Not only are public organisations engaged in activities on the market place, there are also private…
- 1137 Words
- 5 Pages
Better Essays -
Such ventures are profitable because of disinterest on the part of large businesses and/or lack of…
- 1164 Words
- 5 Pages
Powerful Essays -
DAVIDSON, Rob and BEULAH Cope (2003). Business Travel. Conferences, Incen-tive Travel, Exhibitions, Corporate Hospitality and Corporate Travel. FT Prentice Hall / Pearson Education.…
- 6347 Words
- 26 Pages
Powerful Essays -
Public sector organisations are owned and controlled by the government. The main aim is to take the responsibilities of the public. They do not operate for profits. For example: Maldives Police Service, IGMH, MNDF etc…
- 462 Words
- 2 Pages
Satisfactory Essays -
With the development of society, the tourism industry has become one of the industries with the strongest momentum and largest scale in the world economy. As for China, it appears to be one of the mainstays of China’s future development and the first choice of relaxation to many people. Miscellaneous choices of travelling packages, such as luxury tour and expedition tour, indicate that the purposes of travelling differ among people. From my perspective, this ongoing trend of travelling may be attributed to three reasons.…
- 561 Words
- 3 Pages
Good Essays -
13.5. Transfer/ Secondment Allowance 13.6. Other Claim for Outstation or Overseas Travel 13.7. Fixed Allowance 13.8. Other Claims 13.9. Expense Claims 13.10 Cash Advances and Reimbursements…
- 7933 Words
- 32 Pages
Satisfactory Essays -
Businesses are very important. All across the world people are in search of jobs. Jobs, so they…
- 3917 Words
- 16 Pages
Powerful Essays -
The public sector is one of the major sectors of any economy; such as in the US, it covers about 20 percent of the entire economy.…
- 3532 Words
- 15 Pages
Powerful Essays