Effects of supply and demand on the travel and tourism sector

Unit 1 The Travel and Tourism Sector

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LO 3. Understand the effects of supply and demand on the travel and tourism sector

Question 1. Explain factors affecting tourism demand

Question 2. Explain how supply has changed at TUI Group to meet the effects of demand

LO 4. Understand the impacts of tourism

Question 1. Evaluate the main positive and negative economic, environmental and social impacts of tourism with reference to TUI Group businesses

Question 2. Explain strategies that can be used to minimise the negative impacts while maximising the positive impacts TUI Group businesses

Unit 1: Unveiling the Travel & Tourism Sector

The vast and dynamic travel and tourism sector encompasses everything from airlines and hotels to cultural attractions and local guides. This unit delves into its intricate structure, exploring key components like transportation, accommodation, and activities. We'll uncover the economic impact, highlighting its role in job creation, foreign exchange, and regional development.

Sustainability and responsible tourism practices will be examined, emphasizing the importance of preserving cultural heritage and natural environments. Emerging trends shaping the future of travel, such as technological advancements and personalized experiences, will also be explored.

By the end of this unit, you'll gain a comprehensive understanding of this fascinating industry, its diverse stakeholders, and the exciting challenges and opportunities it presents.

• Understand the key concepts and definitions related to travel and tourism.
• Explore the history and development of the travel and tourism industry.
• Identify the different types and forms of tourism (e.g., leisure, business, adventure).
• Analyze the various components of the travel and tourism industry (e.g., accommodation, transportation, attractions, activities).
• Examine the economic, social, and environmental impacts of tourism.
• Develop research and analytical skills relevant to the travel and tourism sector.

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