Factors That Favor The Growth of Tourism and Hospitality

Factors that Favor the Growth of Tourism and Hospitality

1. Rising disposable income for large sections of the population

- When disposable income increases, households have more money to either save
or spend, which naturally leads to a growth in consumption.
- When economic activity and employment are high, people have
sufficient disposable income to spend on tourism and travel. This leads to
favorable demand and on the other hand lower economic activity and
employment lead to low consumption of tourism services and less spending.
2. Growth in the number of retired persons who have the desire and the
energy to travel
- Seniors usually have their savings, so there is a great opportunity to travel
and spend money in the best gift of life: experiences.
- If you don’t have the limits of work and other commitments, you have the
chance to travel for weeks. Retiring is an opportunity, to do all those things
that you used to hanker. This is the chance for you to do them with all the
comfort.
3. Increase in discretionary time-shorter workweeks and longer vacations
- Leisure time is influenced by many variables, like hours of work, public holidays,
paid leave entitlements and retirement arrangements. These factors vary widely
between countries.This study gives an overview of leisure and tourism trends in
18 important tourism-generating countries. It identifies institutional agreements,
which shape leisure time in each country. It also looks at factors, which are now
influencing how leisure time will develop in the future and how consumer
behaviour and tourism are likely to be affected. This publication is a valuable
source to all those interested in the major social and economic factors influencing
leisure time and tourism and essential to anyone responsible for strategic
planning, marketing, and product development.
4. Greater mobility of the population
- Mobility refers to the movement of people from place to place, or job to job, or
social class to social class. Population mobility refers to the geographic
movement of people where there has been a change in the place of usual
residence.
5. Growth in the number of singles
- The number of singles is growing, as is the number of people that travel solo by
choice. They increasingly tend to visit developing countries, seeking adventures,
relaxation, solitude or connection. Self-development and unique experiences are
important aspects of solo travel.
- Solo travellers do not travel alone because they have to, but because they want
to.
- Solo travel can be in line with a person’s way of life. It can also be a trip someone
makes once in a lifetime, at a crossroads in life (divorce, retirement) or to pursue
a personal dream (pilgrimage, climbing a mountain).

Solo tourists typically make long journeys (gap-year travellers, backpackers, volunteers)
or relatively short trips (for self-development, a course or relaxation). They often travel
off-season. The most important barriers are safety concerns and fear of loneliness.
Many solo tourists cherish their independence, but they rarely really want to be alone.
So even if they like to do their own thing, they still want the opportunity to connect with
other travellers or local people at some point during their trip.
Meeting new people is key for many solo tourists. Dating may be a motive for some
single travellers, but most solo travel isn’t specifically aimed at romance.
6. Greater credit availability (e.g credit cards and bank loans)

- The amount of credit to which a borrower has access at a given time. Credit card
accounts and lines of credit have a maximum amount of money that can be
borrowed; credit availability describes the amount that is remaining after subtracting
outstanding balances.
7. Higher educational levels

The Edu-Tourism is a form of tourism activities that emphasize the
education content to fullfill the tourist’s needs and motivation to gain
knowledge during their travel.
“location as a group with

primay purpose of
engaging in learning
experience directly related
to the location”
primay purpose of
to the location”
primay purpose of
to the location”
primay purpose of
to the location”
8. The growth of cities
- these cities are where most people choose to live in, and as such, is the
lifeblood of most countries in the world.
9. Simplification of travel through the package tour
10. Growth of multinational business

- a company operating in several countries.
11. Modern transportation technology

- “Technology has always helped us in our day-to-day life. It has changed our lives
in every field. If we talk about transport, airplanes can help us reach the places
that are unable to go on foot. Several other things like computer, mobile and
much more has made us change the way we work, buy, sell and basically every
aspect of our life. It has proved as a boon to our lives. Its impact in the travel
sector is tremendous.”
- Moreover, “the growth of Mobile Technology in the tourism industry has helped a
lot the people, and the development in ecommerce has made a good impact on
tourism and travel industry as customers can view and choose various travel
options by surfing the internet through their mobile phones. The emergence of
new and high tech mobile phones has allowed a user to access internet and
book online.”
- “Another important step in travelling was made by the Global Distribution System
– the single point of contact used for reservations for airlines, car rentals, hotel
rooms for reservation. Although it was earlier developed by airlines to make the
work easy and fast and used majorly by them, nowadays it is used by OTA,
travel agents and large business houses worldwide.”
- More and more emerged the need to come up with an innovative solution that
could solve the hustle of planning a trip, with 24/7 access and instant feedback.
Nowadays, savvy travelers expect personalized service, a comfortable, carefree
experience. When travel agents deliver that, they build customer loyalty. That’s
why, Travelport Mobile Agent was conceived: to allow travel agents doing
business “on-the-go”, anytime, anywhere, with their personal smartphones and
tablets, all these resulting in a faster response to customers and with the comfort
and security that only a familiar voice can offer.
12. Shift in values
13. Advance in communication
14. Smaller families and changing roles

Factors That Favor The Growth of Tourism and Hospitality

Uploaded by

Copyright:

Available Formats

Factors That Favor The Growth of Tourism and Hospitality

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Factors That Favor The Growth of Tourism and Hospitality

Uploaded by

Copyright:

Available Formats

Factors that Favor the Growth of Tourism and Hospitality

1. Rising disposable income for large sections of the population

6. Greater credit availability (e.g credit cards and bank loans)

7. Higher educational levels

“location as a group with

9. Simplification of travel through the package tour

10. Growth of multinational business

11. Modern transportation technology

12. Shift in values

13. Advance in communication

14. Smaller families and changing roles

You might also like