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The Development Of The Travel And Tourism Industry In The World

Author

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  • SOFRONOV, Bogdan

    (University Politehnica of Bucharest, 313 Splaiul Independenței, Bucharest, 060042, Romania,)

Abstract

The purpose of this paper is to see how the travel and tourism industry is changing and its development in the world. Travel and tourism industry is one of the world’s greatest industrial sectors. It drives economic growth, creates jobs, improves social development and promotes peace. Hundreds of millions of people around the world are dependent on the sector for their employment. In some island economies, travel and tourism industry is not just the biggest employer; it is effectively the only employer. The role is to contribute to the creation of sustainable economies. Travel and tourism industry is a diverse sector consisting of millions of companies and employers, from the biggest global travel brands to the smallest tour operators or hostel owners. Together, we form a formidable force with a voice to be heard at the highest levels of society and government.

Suggested Citation

  • SOFRONOV, Bogdan, 2018. "The Development Of The Travel And Tourism Industry In The World," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 18(4), pages 123-137.
    • Handle: RePEc:ris:sphecs:0348
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    File URL: http://anale.spiruharet.ro/index.php/economics/article/view/1847/pdf
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    References listed on IDEAS

    as
    1. Nikolaos Antonakakis & Mina Dragouni & Bruno Eeckels & George Filis, 2018. "The tourism and economic growth enigma: Examining an ambiguous relationship through multiple prisms," BAFES Working Papers BAFES14, Department of Accounting, Finance & Economic, Bournemouth University.
    2. Zach, Florian J. & Hill, T.L., 2017. "Network, knowledge and relationship impacts on innovation in tourism destinations," Tourism Management, Elsevier, vol. 62(C), pages 196-207.
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    Cited by:

    1. Md. Karimul Islam & Fariha Farjana & Nishad Nasrin & Md. Shakil Ahmed, 2023. "The economic, social and environmental implications of heritage tourism: evidence from Bangladesh," SN Business & Economics, Springer, vol. 3(2), pages 1-21, February.
    2. Giovanni Ruggieri & Marco Platania & Julian Zarb, 2022. "Island Development Model Specialisation: A Panel Data Analysis Comparing Evolutionary Tourism Model, Industrial to Community-Based (2010–2019)," Economies, MDPI, vol. 10(9), pages 1-13, August.
    3. Naqib Ullah Khan & Wajid Alim & Abida Begum & Heesup Han & Abdullah Mohamed, 2022. "Examining Factors That Influence the International Tourism in Pakistan and Its Nexus with Economic Growth: Evidence from ARDL Approach," Sustainability, MDPI, vol. 14(15), pages 1-15, August.
    4. Terngu S Nomishan & Oryina J Andzenge & Igbalumun Aarga, 2020. "Interrogating The Tourism Industry Of Benue State: The Past And Present Of Makurdi Zoological Garden And Ikyogen Cattle Ranch, Benue State, Nigeria," Post-Print hal-03548335, HAL.
    5. Anna Jęczmyk & Jarosław Uglis & Jan Zawadka & Joanna Pietrzak-Zawadka & Monika Małgorzata Wojcieszak-Zbierska & Magdalena Kozera-Kowalska, 2023. "Impact of COVID-19 Pandemic on Tourist Travel Risk Perception and Travel Behaviour: A Case Study of Poland," IJERPH, MDPI, vol. 20(8), pages 1-20, April.
    6. Monika Pepłowska & Piotr Olczak, 2024. "Review of Research on the Impact of Changes Resulting from the Hard Coal Mining Sector in Poland on the GDP Value," Energies, MDPI, vol. 17(6), pages 1-24, March.
    7. Fabio Mazzola & Pietro Pizzuto & Giovanni Ruggieri, 2022. "Tourism and territorial growth determinants in insular regions: A comparison with mainland regions for some European countries (2008–2019)," Papers in Regional Science, Wiley Blackwell, vol. 101(6), pages 1331-1382, December.

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    More about this item

    Keywords

    development; travel; tourism; tourism industry; international tourism;
    All these keywords.

    JEL classification:

    • Z30 - Other Special Topics - - Tourism Economics - - - General

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