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Factors that contribute to the growth of tourism

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Identify five factors that contribute to the growth of tourism. Discuss these trends and how they have become more relevant or less relevant in our current world situation?
Disposable income, niche market, package tour, charter tour, and customized tour. 200 words.

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Identifies five factors that contribute to the growth of tourism.

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Disposable income is one of the most important factors contributing to the growth of tourism because increase in disposable income means that consumers will be more prone to spending on entertainment such as tours. In today's recessionary times, it is very important for tourism companies to offer competitive pricing and better value of money because disposable income is shrinking due to the tough economic times.

Niche market also contributes to the growth of tourism because ...

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Sandeep Bardia, MBA
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  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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