2. Travel and Tourism industry: the structure and the three technology “revolutions” 2.1 Travel & Tourism industry in numbers and the main players: Travel & tourism industry is one of the largest and fastest growing industries in the world; globally‚ in 2012‚ it generated $2 trillion in direct GDP1‚ which corresponded to 2.9% of the world GDP. Also in terms of employment‚ its importance is highly pronounced‚ with a total contribution2 of 8.7% of world employment‚ the travel & tourism industry
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A travel agency is a retail business that sells travel related products and services to customers on behalf of suppliers such as airlines‚ car rentals‚ cruise lines‚ hotels‚ railways‚ sightseeing tours and package holidays that combine several products. In addition to dealing with ordinary tourists most travel agencies have a separate department devoted to making travel arrangements for business travelers and some travel agencies specialize in commercial and business travel only. There are also travel
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STA Travel‚ the largest student travel agency in the world‚ needs to evaluate whether or not the company should establish a presence in Second Life‚ a growing role-playing game that many companies began to invest in around the world. STA Travel has the choice to develop a virtual marketing presence on the computer simulated virtual world of Second Life. The website would include information about destinations and help to promote events related to the real-world destinations that users will eventually
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think Americans spend on travel and leisure activities? Well‚ according to the U.S. Travel Association “the U.S. averaged $2.7 billion a day‚ $113.1 million an hour‚ $1.9 million a minute and $31‚400 a second” (U.S. Travel Association). It is no wonder then that Travel and Leisure digital magazine is so popular. But how exactly do they make people spend so much of their hard-earned money on travel? Travel and Leisure is able to capture the attention of thousands of travel enthusiast by including vibrant
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Reflective Paragraph (Journey) This group talk many things‚ in the primary question (which journey is more dangerous) Joe is only one that think Hannibal travel is more dangerous because he thinks it is very hard to cross the sea in the ancient era but another people think Mao journey is more dangerous. For Win he thinks Mao travel is more dangerous because they move to the extreme whether region such as they move over the snow mountain or move from north China to East China. Bua also think like
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Satire. Introduction. ‘Tomorrow is a satire on today‚ and shows its weakness.’ Edward Young. Satire is one of the genres of Greek origin (satyr) used in literature where there is a use of different elements like irony‚ sarcasm ‚ ridicule‚ parody‚ burlesque‚ juxtaposition‚ exaggeration and so on to simply
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BUS 558 Business Travel Improvement May 22‚ 2010 Business Scope Currently‚ our organization does not utilize the internet to make purchases for business travel pertaining to lodging‚ airfare‚ and transportation (car rentals). Our organization currently uses travel agents to facilitate this‚ which is very costly. By implementing a project to replace the travel agency with utilization of internet resources‚ we can improve our existing process of business travel requests‚ implement
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2013 Travel industry Cauchies Christophe About the importance of the travel industry in the economy The travel industry is one of the biggest industries worldwide. Figure 1 shows the total –direct and indirect - contribution of the travel and tourism to the growth in each area of the world. Surprisingly more than 5% of the Asian growth is due to this industry. It represents 3% of the worldwide growth. Around 9% of the global GDP are – from one way or another – due to travel & tourism
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Affiliate members report published by unwto and wyse travel confederation in cooperation with AM Reports | VOLUME TWO The power of youth travel . y t i l i b a n o ai C y t i l i b i s n o p s e R e o i ng t a c u d E e c a e P n o i u l vat o V y t i s r e v i D n o i t i ova d n a t s r e d n U l a r u t l u E r C l a r u t l u C y t i l i b a n i C usta y t i l i b i s n o p s e R e g o i t an a c u d E e c a e P n o u l o rvati V y t i s r e v i D n o i t a v o d n n a t s r e d n U l a
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1. The Travel Market can be segmented into 3 segments: Luxury travellers‚ Adventurers and Budget travellers. These segments are identified by demographics like age and income‚ psychological factors like personality‚ and benefits sought like needs and product features. Luxury travellers are usually older or middle-aged consumers who are already financially prosperous and look for relaxation and rejuvenation from their stressful positions. They can also be retirees. Luxury travellers will be willing
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