A Dynamic Business Environment
World travel is the general movement of individuals between various geographically distant locations. Travel can usually be done with or without luggage, by bicycle, foot, car, plane, train, boat or other mode, and is usually one way orround trip. It can also be a one-way trip through a transitory medium such as air freight or truck service, depending on location.
The promotion and the growth of world travel and tourism can benefit many parts of the world economically. In the United States, which is currently the most popular destination for worldwide travelers, the revenue generated from foreign tourism can add more than $1 billion annually to the U.S. More tourists mean more people who are aware of and can take advantage of the nation’s culture and attractions. More visitors means an increase in the population of the United States, potentially leading to an influx of populations from other regions of the world. These changes, if managed properly, can have positive economic and social impacts.
One of the largest contributors to the growth of world travel and tourism is the increase in air travel. Airlines have increased their frequencies, often offering frequent flyer benefits and discounted rates for frequent fliers. Additionally, the growth of online travel services has dramatically changed the way airlines market and promote themselves. Websites such as Orbitz and Travelocity offer customers a wealth of information on traveling, booking options, and comparing prices.
Tourism can be directly tied to the growth of the world travel and tourism industry. As people continue to seek a long journey and are willing to travel long distances, the travel industry will continue to flourish. In addition to the direct impact on world tourism and travel, increased commerce and employment opportunities in world travel and tourism will also be created.
The Internet has also been instrumental in the development of world travel and tourism. The internet has allowed for a rapid expansion of information about long-haul travel and tourism. Websites such as Orbitz allow customers to create a profile and rate hotels before ever booking a hotel. These websites have revolutionized the process of finding and obtaining hotel reservations all over the world. Furthermore, travel related content, such as that which discusses the impact of tourism on the economy, is widely available on the internet.
The world travel and tourism industry continues to expand at an alarming pace. The increase in the international market for tourism has created significant opportunities for businesses and individuals alike. Individuals involved in the travel and tourism industry can benefit by securing multi-million dollar contracts with world leaders such as tourism companies, airlines, hotels, and cruise lines. Most business and government entities around the world are always in need of additional funding sources, which can lead to large tax cuts and/or incentives for individuals involved in the world travel and tourism industry.