Research by VisitBritain concludes that this growth means that tourism-related employment now accounts for 3.1m jobs in the UK – this is almost 10% of the entire UK workforce. It is therefore no exaggeration to say that tourism has been at the forefront of the UK’s economic recovery since the start of the Global Financial Crisis in 2008. What’s more, the growth created by the tourism industry has provided the UK economy with other employment-related benefits. Firstly, the growth and employment that has been generated by tourism has been spread widely across all regions. There is now only one region in the UK where tourism-related employment provides less than 100,000 jobs, while almost half the regions have over 200,000 people working in the industry.
New Trends Over the past few months there have been a lot of articles on the relationship between technology and the tourism industry. There’s plenty happening, and so many things to be excited about and hopeful for. To summarize, here are five (5) ways that technology is set to transform the tourism industry. • Messaging According to data courtesy of a Skift report, it shows that across the social media sphere messaging has been the fastest-growing behaviour since 2010. Platforms such as WhatsApp, WeChat and Facebook Messenger each have more monthly users around the world than Instagram, Snapchat and Pinterest combined.
According to Malfas, Theodoraki and Houlihan (2004), the vital reason for a country to host a mega-sporting event is the potential positive impacts of the event on its economy. Reaping an estimated amount of S$100 million each year with over 250, 000 international visitors since its inaugural race in 2008, Formula One is a major contributor to incremental tourism receipts in Singapore (The Straits
The bulk of tourist arrivals are in developed countries but now developing countries are also increasingly sharing in the tourism boom. Tourism has come to play an important role in the socio-economic development of a country. It is both cause and consequence of economic development. Travel today, is sold like any normal consumer product through retail outlets, wholesalers and even departmental stores of many countries. The reasons for travel too have changed over the span of time.
In Ruainovic’s immigration entrepreneurship study (2006), among all the immigrants, Chinese immigrant have been seen as the most active as entrepreneurs in comparison to the other ethnic groups in the Netherlands, accounting for 15.7% of the self-employment rates among non-western immigrants in the Netherlands in the year of 2003 (Bijl et al, 2005, cited in Ruainovic, 2006, p 22). The phenomenon of transnational entrepreneurs has become inevitable in this fast changing world. It has attracted interest from scholars and literature on immigrants’ entrepreneurship has increased as well. There was one particular type of the entrepreneurs, who establish their ventures by mobilizing their cross-country social networks as an alternative form of economic adaptation of foreign minorities in advanced societies (Portes, Guarnizo and Haller, 2002) and they were referred as transnational entrepreneurs. Transnational
Tourism is often referred to as a ‘multi-product industry that encompasses a number of different economic activities’ (Wall& Mathieson, 2006). The rapid development of the world economy in the past two decades alongside with global integration and globalization has led to a significant increase in the number of tourists travelling abroad for leisure and entertainment. According to the United Nations World Tourism Organization (UNWTO), the number of tourist arrivals reached an astonishing figure of 1.1 billion visits in 2014. Currently, tourism is one of the fastest growing and dynamic sectors of the world economy accounting for nearly 1.5 trillion US Dollars in receipts and exports accounting as one of the top 5 export earning sectors of the
Chapter 1 Introduction 1.1 Background of the study Tourism is the leading and the single largest industry in the world of today. This sector has been recognized as one of the main important service industries in the world (Schumacher, 2007). Tourism industry in Malaysia started from the early 1970s and has become the second highest foreign exchange earner for the country after the manufacturing. The sector is predicted to grow at the rate of 6.9% per year and contribute almost RM30 billion to the nation’s economy (Bernama News, 19 Mac, 2004). People love to travel to different exotic places around the world and Malaysia is considered as one of the most popular places to visit in Asian region.
The rapid growth of global cruise tourism. In the first place, with the rapid development of world economy and the rapid improvement in living standards, the residents of new marine leisure tourism - cruise tourism products demand is increasing. Human first cruise is sailing from England to Spain, Portugal then to Malaysia and China which organized by the Oriental Steam Navigation Company in 1884. The modern sense of the cruise industry began with the formation of Carnival World Cruise Shipping Company in the early 1970s. In the last 200 years, global cruise tourism market has been rapid growth which has a great potential.
GLOBAL TOURISM AND HOSPITALITY INDUSTRY Tourism and Hospitality is one of the world’s fastest growing industries and the main source of foreign exchange earnings. It’s an important part of the most developing country’s economy. The global hospitality and tourism is including lodging, attractive places, cultural activities, travel and tour, food and beverage. And it is always the best industry to earn a biggest income for the investors. It has been creating 212 million jobs.
Tourism has an important impact on job creations and is employment intensive. It offers a direct and accessible entry point into workforce, in both urban and rural communities and particularly in developing countries. One out of every eleven jobs worldwide is directly or indirectly linked to tourism. Its global spread in industrialized, developing and developed states has produced economic and employment benefits in diverse sectors – including from construction to agriculture or telecommunications. Developing and emerging economies have a huge share in this growing sector, with 45% of all international tourists arrivals coming from developing countries, this number is expected to reach 57% by 2030.