The Travel And Tourism Industry

929 Words4 Pages
The travel and tourism industry is an increasingly significant part of the employment structures of advanced industrial nations and lesser-developed countries as the largest industries in the world in terms of both number of employment and revenue. According to United Nation World Tourism Organization (UNWTO), a total of US$ 1,075 billion in international tourism receipts were generated by 1,035 million international tourism arrivals in 2012, the highest number ever recorded (UNWTO, 2013). Tourism offers great experiences for tourists and provides employments (albeit sometimes seasonal) and incomes for people. In 2012, travel and tourism accounted for 9% of global gross domestic product (GDP), one in 11 jobs, 5% of global investment and 5%…show more content…
It is implicated in some of the critical theoretical issues of current concern to economic geographers such as the globalization of capital and firms, deindustrialization and regional economic restructuring, the increased significant of strategic alliance network, the spatial division of labour, the urban revitalization, the growth of the information technology service based economy, the evolution of advanced services and creation of postmodern/post-industrial/post-Fordist landscape (Ioannides & Debbage, 1998). Furthermore, in a geographical perspective, the tourism sector pushes the development of the periphery areas. There are some factors that alter upon reaching successive outward peripheries of a destination such as; familiarity with the destination, unscheduled change, psychological and physiological change, distance from amenities, adaptation, population density, authenticity, symbolism, scale of attraction and distance from home. The movement of tourist to the tourist destination that lied in periphery area increase the expose of the network and linkage which in the future it open the opportunities to start connected in economic, social and culture (David,…show more content…
However, tourism can be perceived as an open system, which is impacted by external events often beyond the control of individuals or destinations. Nevertheless, this integrated set of components generally contains a number of interrelated factors: a demand side consisting of the tourist market and their characteristics (motives, perceptions, socio-demographics), a supply side consisting of the tourism industry (transport, attractions, services, information) which combine to form a tourist destination area, a tourism impact side whereby the consequences of tourism can have either direct or indirect positive and negative impacts upon a destination area and tourist themselves; and an origin-destination approach that illustrated the interdependence of generating and receiving destinations and transit destinations (on route) and their demand, supply and

More about The Travel And Tourism Industry

Open Document