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Essay / Tourism and Hospitality Industry Case Study - 1446
Positive ImpactsEconomic Effects of Globalization on the Tourism and Hospitality IndustryIn the last 20 years, the tourism and hospitality industry of the hotel industry is booming, global arrivals in different countries increased from 613 million in 1997 to an estimated figure of 700 billion in 2003 with a projection of one billion by 2010 and 1.6 billion here 2020. The positive economy for tourism was in 2003 as European countries have more tourists in the world, air travel for business and leisure reached twice the rate of the year 1985 and vigor growth of the American economy now also requires a tourism and hotel industry. (Tim Knowles, 2006)Technological ImpactsTechnological globalization attracts so many tourists for example Singapore Flyer, using faster and newer technology in hotels to keep the customer satisfied. 5. Promotes creativity: Organizations are constantly thinking of new and creative ideas to attract more tourists. 6. More Job Opportunities: Due to globalization, more visitors come to our country and hence more people are required to serve and meet their needs, hence globalization. also helping hospitality industries create jobs for many people