TTM 1-2

• Travel


  Movement from one place to another
• Travel Industry


  Several aspects of the service industry which cater to the needs and wants of the people who have travelled and will travel from different parts of the world. Also called as tourism network.
• Sectors of Travel Industry


  • Transportation
  • Accommodation
  • Food and Beverage
  • Entertainment
  • Connected Industries
• Transportation Sector


  • Main purpose is to make possible for people to go from one place to another
• Accommodation Sector


  • Provides a need of tourist to eat and sleep
• Food and Beverage Sector


  • Significant aspects of everyone's journey and satisfaction in a trip
• Food and Beverage Sector


  • Restaurants
  • Catering
  • Bars and Coffee Shops
  • Nightclubs
• Entertainment Sector


  • Any form of activity that can satisfy travelers interest and stay in the destination
• Connected Industries


  • Linked to travel and tourism industry to help boost interest in the travel industry itself
• Independent Tour


  A tour in which the tourist buys tourism components separately
• Escorted Tour


  A tour in which tourists are accompanied by a tour director or tour manager arrange and take charge to the entire trip
• Hosted Tour


  A tour which tourists are accompanied by a tour guide once arrived in the destination
• Incentive Tour


  Given to tourists as a reward
• Travel Industry


  Composed of businesses that provides services needed by travelers or tourists when they travel from one place to another
• Travel Services


  Provided by tour operators and travel agents that has something to do with the tourists travel
• Tour Operation Businesses


  Type of travel businesses that ensembles the tourist product from different suppliers to create a package and sell to tourist or through travel intermediaries
• When the 1st modern travel agency appeared

  19th Century
• Tour Operators


  Organizations, companies or private entities that cater to travelers by organizing group tours and independent travel packages / itineraries and reservations for accommodation
• Wholesaling continued to grow, however the growth in the industry did not last long. Due to lack of transportation, travel became costly, that hinder the development of the industry.

  1930's
• Turning point for the tour operator industry. Middle class are encouraged to travel with the introduction of the long-range commercial aircraft and the development of inter-state hi-way system, which made travelling comfortable and convenient, growth in the number of low-cost airlines, easy access to airport terminals, & ability to travel cheaply.

  Post World-War II Period & beginning of 1940s & early 1950s
• At present, with the help of media, more people are encouraged & developed a high interest in travel, which helped tour operation businesses gain success
• Most of the operator as wholesalers sell their packages through travel agents or directly to clients over the internet
• Cox and Kings


  The oldest established travel company in the world
• Cox and Kings started

  May 25, 1758
• Cox and Co. sold to Lloyds Bank and became Cox and Kings


  1923
• Cox and Kings Agency became popular and contributed in the growth of the tourism industry of India

  1970
• Cox and Kings developed the same concepts catering the regions of Latin America, Middle East, Africa and far eastern Europe

  1980's
• At present, Cox and Kings created modernized travel and tour packages catering different parts of the world
• Thomas Cook


  Father of Travel Agency Business
• Thomas Cook established the 1st travel agency in the world in England

  1845
• Thomas Cook organized a trip by train (520 members of his association to the distance of 22 miles)

  1841
• Due to a successful trip and seen the interest and delighted people in travelling, Thomas Cook turned the journey into business
• Thomas Cook established the "World's First Travel Agency" to organized excursions using railways and steamship thought-out the England, Scotland and Europe


  1845
• Free Independent Travelers


  Travelers who organized their own tours and choose to travel alone or in a small group
• Travel Trade


  Buying and selling of travel products that are either sold directly to consumers or to other tour operators and buyers