Tourism in the 21st Century: The nature, forms, characteristics, need and demand of tourist for travel have changed rapidly over the periods of time. Travel has now become more sophisticated, structured and hassle free. This swift change is certainly inevitable due to increasing disposable income, development in technology, easy travel formalities and greater global connectivity. […]
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Driver of Travel and Tourism in 21st Century: The development and growth of tourism economies in 21st century will be affected by driver such as globalization and competition, cultural capital, events, prosperity and affordability, accessibility. 1. Globalization and Competition Globalization and localization are two synchronized but apparently contradictory developments that taking place together now. The
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Sustainable Tourism: In the beginning of the tourism industry, the activities were primarily focused on the well-being of the tourists. The tourism organizations and government institutions were trying to develop amenities and facilities required for the tourists to ensure their satisfaction by fulfilling their expectations. While developing amenities and facilities for the tourists, the impacts
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Concept of Tourism Multiplier: Tourism being a multi-faceted and interdisciplinary industry has a great potential in generating income and employment (direct and indirect). Tourism, being one of the largest industries for many countries, has a high multiplier effect. The inflow of money from Tourist Generating Region to Tourist Destination Region through various sectors of the
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Cost-Benefit Analysis Technique for Tourism Development: CBA in tourism can be extremely beneficial so as to estimate the amount of cost acquired in making of the destination and the benefit resulted through the cost made. It should be mandatory for all the policy makers, government tourism agencies and private players to estimate the benefit through
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Cost-Benefit Analysis and its Types: Cost-Benefit Analysis (CBA) is a technique that signifies to describe and quantify the social advantages and disadvantages of policy in terms of common monetary unit. Though a critical task, the aim of CBA is to analyze the cost i.e. the disadvantages and the benefits i.e. the advantages of any proposal.
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