Page 107 - FUNDAMENTAL OF HOSPITALITY INDUSTRY

Fundamentals of Hospitality Industry

TRAVEL TRENDS AND

CHARACTERISTICS OF THE

TRAVEL AND TOURISM INDUSTRY

Issues of current trends

1.GLOBALIZATION

The term globalization refers
to a trend towards a more
integrated global economic Globalization :
system. It is a continuous
process in business that Exposure to
different
crosses into the economic,
culture;
political, legal, Advancement
technological, and cultural of technology;
spheres. Developing
countries lose
Focusing on the hospitality
out;
industry in particular. The Seasonal
impacts of globalization have employment.
had far reaching
consequences, which have
been both positive and
negative.

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