Executive Travel and Tourism Management

The travel, tourism and leisure course covers all the important aspects of the industry, and they include:

Travel and Tourism Organisations in a Global Context
1. Understand the context within which global travel and tourism organisations operate

Key differences :

  • Overview of the sector – size, value, number of organisations, numbers employed
  • Legal status/ownership –
    e.g. sole trader, partnership, company, corporation (e.g. limited and unlimited, public limited and international equivalents), joint ventures
  • Structure and size – changes in structure and size of tourism businesses due to globalisation
    e.g. small businesses can promote themselves without the input of larger tourism agencies
  • What they offer (products and/or services)
  • Where they operate
  • Image e.g. eco-tourism, luxury travel, budget etc.

 

Travel and tourism organisations e.g.

  • Travel agency
  • Tour operators
  • Resort management
  • Internet based businesses
  • Visitor attractions
  • Transport services, transport terminals e.g. airports
  • Government based tourism services etc.

The responsibilities of tourism businesses

  • to the environment
  • to people in tourist destinations
  • ethical issues
  • to Government
  • to supply chain – businesses involved in travel and tourism offer

Strategies employed by tourism businesses

  • human resources policy
  • environmental strategy
  • equal opportunities policy
  • ethics
  • financial policy
  • international partnering policy

electronic modes of marketing and communication

2. Understand the impact of external factors on the travel and tourism sector

Changes within a national economy
For example:

  • Size – population, labour market, education/training levels
  • Growth/wealth – gross national product (GNP), balance of payments, inflation rates, government borrowing,
    trade balance, public finances, taxation, national debt, availability of credit
  • Business confidence – investing, cost of borrowing, consumer buying/confidence, government policies
  • Global patterns of supply and demand for tourism
  • Influences on holiday and travel activities of economy, policies etc. e.g. influence on holiday choices – home or abroad, propensity to travel

Government policies:

  • Monetary policies, interest rates, quantitative easing, unemployment
  • Fiscal policies, spending (in central and local government), fiscal policies to encourage tourism or encourage sustainable tourism
    (e.g. tax on fuels), public sector borrowing, controlling demand, taxation, distribution of income
  • Competition Policy – how general policy affects tourism organisations e.g. in airline sector
  • Sector regulation e.g. limits on tourism, support for tourism
  • Environmental policies – sustainable and ethical tourism
  • Regional policies – e.g. development of tourist areas• Skills agenda, apprenticeships in travel and tourism and similar training programmes internationally

National and global events:

  • Political unrest
  • Natural disasters
  • Accidents and disasters caused by human error e.g. sinking of Costa Concordia, BP oil spill.
  • Major sporting events e.g. Olympics, world cup

3. Understand the impact of global factors ontravel and tourism organisations Global integration

  • trading blocs
  • World Bank, IMF, Global/trading bloc policies and directives (e.g. EU), G20, OPEC and other relevant organisations
  • market size
  • transnational corporations

International tourism

  • Opportunities e.g. emerging markets and new destinations
  • Growth
  • Trade duties and tariffs – general and travel taxes e.g. airport tax
  • Increased competition
  • Increased supply of tourists/visitors

Impact of global economy

  • Increased competition
  • Increased customer choice – of destinations and of businesses
  • Increased need for innovation in designing travel products
  • Economic downturn and upturn

New Technologies

  • Remote workforce – advantages of being able to locate workforce in other countries where labour may be cheaper/may have more relevant skills etc.
  • The role of the internet in tourism
  • Easy communication e.g. skype, email, social networking
  • Customer choice – customers can book direct with businesses in destinations, customers can design and book own packages
  • Comparison websites

4. Be able to review current issues impacting on a named travel and tourism organisation that operates globally

  • review
  • Domestic tourism market in chosen country
  • Global tourism market
  • Domestic and global policies e.g. sustainability, ethical tourism, government support for tourism
  • Other global factors e.g. war and unrest, natural disasters
  • Other issues – fashions in tourism destinations, desire for eco-tourism, costs of air travel etc. (eco-costs and financial)
  • Characteristics of global travel or tourism business
  • Development issues for a global business organisation

Strategies:

  • New markets
  • New destinations
  • New environments e.g. move business
  • New technologies
  • Growth/shrink
  • Change of suppliers, importers, exporters
  • Change in business structure e.g. from sole trader to company/ corporation

Opportunities to deal direct with businesses internationally e.g. smaller hotel groups etc. due to ease of communications etc.