Therefore, marketers and the industry have to appreciate the uniqueness of the millennials and how the technology influences these millennials. Apart from millennials, the industry continues to be influenced by terrorism and political tensions. The populace continues to influence the government policies, and it is associated with distrust and has continuously challenged entrenched political parties (Saarinen and Rogerson, 2014). These governments and political/economic blocks push austerity measures, and economic policies along religious, cultural and ethnic tensions have resulted in an increase in civil unrest (Dredge et al. 2013). The issue continues to influence the countries in European, and the nationalist approach will expand to other regions.
States and countries with religious and ethnic tensions along with weak economies and poor governance may contribute to terrorism or breeding terrorism (Giampiccoli, Lee and Nauright, 2015). Even though the government and other institutions continue to implement actions to respond, protect and prevent terrorism, the world especially countries in US and Europe continues to be vulnerable (Duncan, Scott and Baum, 2013). These terrorism including advisory from governments on not visiting some areas means that tourism traffic and preference would change.
Disruption and sharing economy continues to influence the actions of people (Giampiccoli, Lee and Nauright, 2015). The emergence of new business models based on peer-to-peer networks such as multisided platforms e.g. eBay and Google, others such as Lyft, Uber, and Airbnb means that options for doing business increases. Other free business models such as Flickr and Skype will continue influencing the business landscape (Dredge et al. 2013). These peer to peer networks continues to grow and expand and continue to pose stronger direct competition to conventional travel services.
The growth of other technological techniques, effective meta-search engines, and other mobile technology continues to influence the business environments (Duncan, Scott and Baum, 2013). It means that business and organizations are expected to consolidate and impact partnership with hotels and OTAs – over the air programming (Saarinen and Rogerson, 2014). These technologies will reduce reliance on hotels and conventional/traditional approaches to business. Sustainability and constraints associated with resources continue to influence the business activities.
Consumers continue to seek for eco-friendly practices and green policy in marketing and use of the products (Giampiccoli, Lee and Nauright, 2015). The environmental program and critiquing organizations without policies to support environment protection continue to influence the business environment (Getz and Page, 2016). Energy use and global warmth affect the way people live in the society and societal scale. Water scarcities and allocation of different resources in the northern China, South Asia, Sub-Sahara Africa and Middle East governments (Otgaar, Van Den Berg and Feng, 2016).
The changing resource utilization such as the introduction of renewable energy and falling prices means that the cost of products and services reduces, which affects the transport industry. These numerous variables mean that the businesses have to adapt to changing amount of resources. Employment Opportunities There are numerous employment opportunities that can view as direct and indirect (Dredge et al. 2013). The following are a categorization of these employment opportunities: direct e.g. employed within the sector and indirectly employed in other sectors such as agriculture providing supplies to the hotel/tourism industry.
Managerial and supervisory Managerial and supervisory opportunities are direct employment because people would be employed to guide other employees. For example, human resource managers would be required to recruit and maintain the employments. The HRM would also create development and training programs that directs the emerging needs of the industry (Dredge et al. 2013).
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