During recent decades, tourism has grown into a whole
some and full-blown industry. The role played by the
tourism industry in economic growth has assumed significant importance,
especially in the post-globalization era. Countries across the world
consider tourism to be one of the significant sectors of the economy for
attracting investment as well as generating employment. Today, it is viewed as
a complex socioeconomic phenomenon as it impacts the economy,
society and the environment. In recent years, tourism has recorded
sustained growth. According to World Tourism Organization, the year 2007
witnessed 903 million international tourist arrivals, an increase of
6.6% over the previous year. Further,
international tourist arrivals grew 3.7% between January and August
2008, compared to the same period in the previous
year. The growth in tourism has also led to the expansion of
a number of complementary services such as travel, hospitality,
retailing and entertainment.
The tourism industry also faces many challenges. It has witnessed a
shift from long visits to short visits by tourists owing to reduction in
leisure time. Also, it is being periodically affected by terrorism and natural
disasters. Technological advancements and changing customer
expectations are also posing challenges. At the same time, creating opportunities
for the industry. It is, therefore, crucial to continuously evolve and develop
effective product promotion and marketing strategies to keep the
tourism industry growing on a sustainable basis. The major issues and
challenges faced by this industry are discussed below. |