Topic > Growth of Hospitality and Tourism (H&T) Sector

The economy is one of the major factors that give a great impact to the Hospitality and Tourism (H&T) sector. Economics plays an important role in all industrial sectors of the world, especially in the healthcare sector. This is because economic conditions can be influenced by, for example, the value of money, demand in the industry, suppliers in the industry and much more. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The fickleness of economies has such a huge impact on supply and demand both globally and locally. During the recession, supply and demand in the H&T sector decreased. This is because the monetary currency will decrease and job opportunities will also decrease. So people are forced to cut additional costs and focus more on their basic needs due to dwindling money. When economic conditions are healthy, demand in the H&T sector will be encouraging, so supply and demand will also be encouraging globally. When the economic condition is healthy, the monetary currency will increase and job opportunities will also increase. People will have more money to spend on travel. At the same time it can amplify and develop our industry. However, the world economy is back on track and demand continues to increase day by day. Demand in the H&T sector is growing rapidly as people spend more on travel. However, some local countries still have economic inconstancy which may have a short-term impact on the H&T sector in their countries (Pratap.A, 2018). The meeting in Copenhagen in 2009 was intended to discuss ways to avoid global warming (UKESSAY, 2015). . Like other sectors, this sector also faces problems. For example, they need to solve the problem for an environmentally friendly company. Below is an environmental problem that impacts the tourism industry and needs to be resolved by stakeholders seeking long-term solutions. The problem of greenhouse gas emissions is one of the main concerns for the sector. The aviation industry is working to solve this problem, launching a new plane that uses a better quality engine to reduce carbon emissions. However, only a few airlines are able to do this, as some small airlines are unable to purchase new planes. In tourism, people can travel to unpredictable places with air transportation, as it makes travel costs much cheaper. This leads to overcrowding of the environmental focus areas and the historic area and also stresses on the ecosystem occur which threaten the flora and fauna environment. Climate change also has a huge impact on this. Because tourists will not choose a destination that has uncontrollable weather and terrible weather. And obviously the area with a good climate will be a tourist destination. The impact on the ecosystem of the area is very dangerous. Next is deforestation, in some areas there is still massive deforestation, although this issue has been discussed all over the world. This also puts tourist areas at risk due to the destruction of flora and fauna. Subsequently, “go green” calls can influence the travel industry around the world. Because industry players will be depressed because they will have to find a way to create a viable and environmentally friendly business and it is very complicated. For example, can the hotel industry build a greener hotel? Finally, human encroachment, areas such as protected national protected areas are.