Innovative Trends In Tourism And Hospitality Industry Analysis

1231 Words 5 Pages
Introduction
Tourism is and always has been one of the major contributions to a country’s economy. It is a social, cultural and economic event in which involves the movement of people to countries or places outside of their usual environment for leisure, business or medical purposes. The tourism industry is made up of different components such as transportation, attraction, accommodation, travel and tour operators etc. Hospitality is a “place”, where people can still be exceptional individuals and can extend their own personality style (Hogan, 2008). The Tourism and Hospitality industries are the largest and the fastest growing industries in the world. This report identifies the ongoing innovative trends in Tourism and Hospitality and how these innovative trends can help the tourism and hospitality business sustainability. In order to do so, first the report states a brief explanation of Innovation and Sustainability in relative to Tourism and Hospitality industry. Then the report states ongoing innovative trends
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Innovation in tourism and hospitality industries take account of all the details of formation and improvement of creative ideas or enhancement of better tourism services which leads to a higher customer satisfaction, more operative managerial policies, higher profits and lower cost of production. Hence, innovation in tourism and hospitality industries is related to creative notion on easier problem solving, value-adding methods and operations of more effective or distinctive ways while producing and delivering the tourism product to the final consumers. Innovation enhances the social and economic growth of the individual businesses, which is the ultimate goal of every business. Therefore, this also leads to economic development of the nation as a

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