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Prince answered on Jun 11 2022
Futures of Global Tourism and Hospitality Scenario Report on Tourism/Hospitality Futures & Reflective Report
Hesow Lama
THT3112
University and Department Name
11th June 2022
Executive Summary
Several worldwide trends have emerged that have the ability to change society. Megatrends are the most significant, as they are broad in scope and last for a long time – sometimes at least 2 decades. As a consequence, megatrends are widely attributed to events that may occur in a range of countries around the world and have the ability to influence the worldwide economic system in certain ways. This research attempts to provide a critical analysis of how tourism adapts to global megatrends.
The first part of this report would start with a quick overview of the six interconnected megatrends identified in the "Our Future World" research, following a thorough examination of the two key trends, "Virtually Here" and "More from Less," that cruise tourism may exhibit until 2030. The impact of macroenvironmental factors like as technologies, environmental, political, economy, and social on the future evolution of chosen megatrends is evaluated in this article. We're looking into the benefits and drawbacks that the megatrend could have on cruise tourism. Based on the material in our presentation, we construct a tourist scenario till 2030 based on that analysis.
Four important themes will have an impact on travel and tourism: evolving visitor demand, long-term tourist expansion, introducing new technologies, and travel mobility. These four developments are going to have a big influence. We need to delve into the numerous repercussions of such megatrends through year 2040 in intended to notify policy & plan for the long term of tourism.
Introduction
Due to the tremendous rise of tourism as well as the rising expectations of today's consumer, every tourist spot is becoming increasingly crucial in meeting customer demand. Tourism, but at the other hand, is expected to have a more promising future. Our research would want to focus on two specific megatrends, "Virtually here" and "More from less," which are built on six megatrends from the CSIRO tourism futures report. The purpose of this paper is to identify driving factors (containing macro environmental assessment and Poster's Five Forces) by analysing opportunities, dangers, and problems posed by the tourism industry's future scenario.
In other words, this research will categorise the important factors and trends that may have an impact on the future growth of tourism industry in relation to the two megatrends indicated. In addition, some recommendations for future practise in terms of cruise tourism marketing and management will be made.
After 50 years, the gravitational centre of the global economy will migrate to the south and east. By 2030, emerging countries are predicted to account for two-thirds of world economy and half of global production, making them the primary recipients of global trade. India and China, both fast-growing rising economies, are crucial marketplaces for businesses in a variety of sectors. People spend extra money on everyday essentials as well as other product sas a consequence of rapid emergence of the new middle class. Demand-side indicators indicate that developing countries will continue to be preferred locations for manufacturing, but significant shifts toward services indicate that China as well as other emerging economies will eventually capture a significant share of world services trade at the expense of OECD countries.
Global tourism has risen dramatically in recent decades as a result of globalisation and technical improvements that have reduced airfare and making it easier for more people to plan and manage their own excursions. They can also discuss their travel experiences with others in real time. Even if the general growth rate remains constant, fluctuations in climatic conditions, technology advancements, and altering demographics will all have a substantial impact on tourism by 2040.
This chapter examines the most likely tourist megatrends over the next few years in order to gain a better understanding of how the sector will evolve. On a global scale, there are many distinct sorts of megatrends, such as societal, economical, political, environmental, and technical trends. They have the capacity to disrupt and radically alter industries all over the world, including tourism, because they often have long-term repercussions. Companies have to spend months attempting to adjust to new circumstances that have emerged time to time.
Analyzing the CSIRO Report's six megatrends:
Megatrends represent large-scale social, economical, political, environmental, or technical changes that happen slowly but have long-term consequences for a variety of activities, human processes, and perspectives (Clark, 2012). There are six megatrends that will impact people's lives, according to Hajkowicz, Cook, and Littleboy (2012). To begin with, the magetrend of "More from Less" as just a creative way to meet human requirements by making better use of resources, energy, and food in the face of rising buyers and sellers is narrowing. "Going, going...gone?" alludes to the extinction of species, habitats, and ecosystems. The fast industrialisation of major cities, combined with rising population, will result in the extinction of numerous plant and animal species, as well as ecosystem imbalance (Hajkowicz, 2012).
The term "Silk Highway" alludes to emerging economies' rapid growth, urbanisation patterns, political shifts, and the transition from industrialisation to modern technology. The ageing of population, a disparity in pension benefit payments, an improvement in quality of life, increasing hospital expenses, an increase in style of life diseases, and improved awareness of healthy drinking and eating habits are all part of the "Forever Young" trend. Computing power, internet infrastructure, data volumes, Internet users, AI, and technological...