The Interaction Between Business and the Environment in the Tourism Industry
The Interaction between Business and the Environment
Date of report: 27/04/07
RE: Tourism Industry
1. Introduction
This report will contain a SWOT analysis of the tourism industry as a whole, but will focus mainly on activities concerning United Kingdom countries and companies, as the tourism industry covers a huge, global area. There will be points raised that affect countries globally as well as the UK that will be made aware of during the contents of this report.
The tourism industry covers many different organisations that can work together and against each other in gaining a piece of the billion pound tourism pie. Airlines, travel agents, hotels, and many more businesses have a lot to offer the tourism industry, for a number of reasons which will be discussed.
2. Strengths
It seems in recent years the tourism industry has grown rapidly bringing a lot of strengths to the sector. First of all in 2004 the world tourism revenue rose 10% to a record 622 billion dollars according to the world tourism organisation. The United States had the most revenue from tourism as their receipts rose 16% to $75 billion, followed by Spain with $45.2 billion and then in third France with $40.8 billion. Tourist arrivals rose globally by 11% to US760 million, the fastest rate of growth for some twenty years. (Bloomberg News, 2005)
As far as the UK is concerned it is the world’s sixth biggest travel and tourism economy, and it accounts for 9.4% of the country’s Gross Domestic Product (GDP), as well as 2.6 million jobs. The global travel and tourism market is expected to grow 4.2% each year over the next decade and UK travel and tourism is expected to grow an equally impressive 3.1% a year over the same period (Chris Druce, Caterer and Hotelkeeper, 2006). This is without a doubt a strength to build on for the UK and global travel and tourism industry.
2.1 In addition it seems to be a lot cheaper to go on holiday abroad these days and a perfect
Date of report: 27/04/07
RE: Tourism Industry
1. Introduction
This report will contain a SWOT analysis of the tourism industry as a whole, but will focus mainly on activities concerning United Kingdom countries and companies, as the tourism industry covers a huge, global area. There will be points raised that affect countries globally as well as the UK that will be made aware of during the contents of this report.
The tourism industry covers many different organisations that can work together and against each other in gaining a piece of the billion pound tourism pie. Airlines, travel agents, hotels, and many more businesses have a lot to offer the tourism industry, for a number of reasons which will be discussed.
2. Strengths
It seems in recent years the tourism industry has grown rapidly bringing a lot of strengths to the sector. First of all in 2004 the world tourism revenue rose 10% to a record 622 billion dollars according to the world tourism organisation. The United States had the most revenue from tourism as their receipts rose 16% to $75 billion, followed by Spain with $45.2 billion and then in third France with $40.8 billion. Tourist arrivals rose globally by 11% to US760 million, the fastest rate of growth for some twenty years. (Bloomberg News, 2005)
As far as the UK is concerned it is the world’s sixth biggest travel and tourism economy, and it accounts for 9.4% of the country’s Gross Domestic Product (GDP), as well as 2.6 million jobs. The global travel and tourism market is expected to grow 4.2% each year over the next decade and UK travel and tourism is expected to grow an equally impressive 3.1% a year over the same period (Chris Druce, Caterer and Hotelkeeper, 2006). This is without a doubt a strength to build on for the UK and global travel and tourism industry.
2.1 In addition it seems to be a lot cheaper to go on holiday abroad these days and a perfect