Research paper on Travel and tourism

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Research paper Travel and tourism

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Travel and Tourism Factors affecting International Trade ⚫Companies point of view ⚫Countriews point of view

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Companies Point of View ⚫ Technological ⚫ Social Media ⚫ Consumer Satisfaction ⚫ Engagements ⚫ Deals Discounts ⚫ others

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Technological ⚫ Rise in globalization an technology has made the trade practices rise between the countries up to a great extent. ⚫ As rise in technology and innovation is seen ⚫ Thus the International trade has taken place between countries in almost every sector ⚫ Facilitated to form different governing bodies like SAARC WTO GATT etc

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Consumer engagement ⚫ Engagement wityh customers is Necessary. ⚫ Helps in gaining Knowledge about perceptions. ⚫ Helps in developing strategies ⚫ Making decisions related to operations.

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Company Point of view • Trade is a commercial transaction involving the sale and purchase of goods services and information. In a simple word it can be said that trade is a basic economic concept involving the buying ad selling of goods and services. •Travel and tourism is one of the sector which is continuously increased in the world and it aids in increasing the expansion of economic income of the country. In the Australia china Japan UK US Germany India Indonesia Korea. Travel and tourism sector is one of the industry which assists in improving countrys expansion in the context of infrastructure economic employment etc.

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Travel and tourism affecting countries Expansion •Travel and tourism is one of the most important industries for developing countries. This is a sector which aid to the countries in increasing their economic income as well as infrastructure. •By their travelling and visiting national revenue is generated. This thing assists in improving the economic condition of these mentioned countries. As per the research it has been founded that in the 2014 1.2 million foreign tourists visited the central American country.

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Conti.... •According to the WTTC s latest research it has been founded that travel and tourisms contribution to world GDP outpaced the global economy for the sixth consecutive year in 2016 rising to a total of 10.2 of the world of GDP. •On the basis of this data review it can be said that in the various countries travel and tourisms has largely assisted in increasing the various aspects through which citizens of the countries are also beneficial

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Factors affecting travel and tourism sectors within the countries •In the various countries like UK US Germany India china Japan Indonesia Korea etc there are different kinds of technology political system pricing policies economic policies natural resources legal and regulatory framework etc. •These all factor largely affect the travel and tourism sector because according to these components organisation of travel and tourism largely influence the expansion growth and development.

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CONCLUSION Trade is refers to the activity which is used to selling and purchasing the product and services either within the country or outside of the country. In a simple term it can be said that trade is one of the most significant activity through which company and country involving the buying and selling activities. From this project report it has been concluded that Travel and tourism is one of the most important industries for developing countries. This is a sector which aid to the countries in increasing their economic income as well as infrastructure. With assistance of the travel and tourism sector various countries like china UK US Germany India gets the large number of benefits which aid in expanding the country.

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References Abdollahzadeh G. and Sharifzadeh A. 2014. Rural residents perceptions toward tourism development: a study from Iran. International Journal of Tourism Research. 162. pp.126-136. Buhalis D. and Foerste M. 2015. SoCoMo marketing for travel and tourism: Empowering co-creation of value. Journal of Destination Marketing Management. 43. pp.151-161. Chi C. G. Q. and et.al 2013. Investigating the structural relationships between food image food satisfaction culinary quality and behavioral intentions: The case of Malaysia. International Journal of Hospitality Tourism Administration. 142. pp.99-120. Croes R. and Kubickova M. 2013. From potential to ability to compete: Towards a performance-based tourism competitiveness index. Journal of Destination Marketing Management. 23. pp.146-154. Kang J. and Park S. 2014. Factors influencing electronic commerce adoption in developing countries: The case of Tanzania. South African Journal of Business Management. 452. pp.83-96. Kim J. Ahn K. and Chung N. 2013. Examining the factors affecting perceived enjoyment and usage intention of ubiquitous tour information services: A service quality perspective. Asia Pacific Journal of Tourism Research. 186. pp.598-617. Ku E. C. and Chen C. D. 2015. Cultivating travellers revisit intention to e-tourism service: the moderating effect of website interactivity. Behaviour Information Technology. 345. pp.465-478. Scott D. Hall C. M. and Gössling S. 2016. A review of the IPCC Fifth Assessment and implications for tourism sector climate resilience and decarbonization. Journal of Sustainable Tourism. 241. pp.8-30.