Understanding the history and structure of travel and tourism sector

Key developments in the travel and tourism industry:
The travel and tourism industry in various parts of the world have grown to such an extent that it contributes huge capital to respective nations. Mowforth & Munt (2015), urged that travel and tourism industry has been gaining attraction and with the assistance of advanced technology, the prospect of the industry has increased. Therefore, with the implementation of latest technology in this sector, the business profits from the industry has raised. Shaw, et al., (2011), has listed the developments in the travel and tourism industry since the 1950s.

⦁ 1950 – With the assistance of advanced technology, the booking and reservation procedures were made easier. Hence, this increased the demand for travel in the 1950s.
⦁ 1954 – In this year, development in transport took place. Boeing presented new passenger jets. It was introduced in the year 1959 with commercial service.
⦁ 1960 – Governments of various countries closed many railway stations and hence, people started to travel by their own cars (Evans, et al., 2012).
⦁ 1969 – The Development of Tourism Act came into force. This act forced various countries to work together in order to enhance the travel and tourism industry.
⦁ 1970 – The first-holiday package was introduced by Vladimir Raitz. This package holiday trip included full board, transfers, return flights, and accommodation. The packaging industry became famous more during the 1970s, as most of the people were encouraged to visit new places (Mowforth & Munt, 2015). The eradication of currency restrictions also took place in the year 1970. Thus, it added more profits to the travel and tourism industry.
⦁ 1980 – The transport act introduced the licencing regulations, which affected the tours and coach routes above 30 miles. Hence, it instigated the competition between the private and public companies (Moutinho, 2011). The Act of 1985 presented the wholesale deregulation. With this act, the private companies could act in only some restricted routes.
⦁ 1992 – All the package holiday tours provided by the tour operators were made subject to package travel regulations (Connell, 2013). This regulation was with respect to demands of the customers and requirements of the customers during the package tour.
⦁ 1996 – The duty on the economic flights were reduced. It came into act mainly in the year 2006. Further plans on this issue took place in the year 2010.
⦁ 2007 – Passenger ferry was created by a French naval. It was efficient with high-speed boat and could reduce the journey of many routes (Shaw, et al., 2011). It also included many advantages such as could sail in all weather and no need to stay in ports………………………………………………