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The “tourism industry” of the UK is the 10th largest tourism destination for travellers and more than 30 million travellers visit the UK every year. In this essay, the growth of contemporary tourism factors and significant areas are explained to evaluate the development of the “tourism industry” in the last few years. Both the negative and positive impact of the “economic impact” on the “tourism industry” are explained in this explanation. Leakage and multiplier effects are evaluated for the purpose of evaluating the negative and positive factors in the “tourism industry” of the UK. The concept of sustainability is going to be evaluated to evaluate the negative and positive impact of the recent changes in the “tourism industry”. The socio-cultural “tourism industry” and how it changes the growth perspective of the “tourism industry”. The emergence of the sustainable tourism model is said to be a solution to improve the overall growth of the “tourism industry” of the UK.
The effective factors and the development of the “tourism industry” of the UK are dependent on the application of the international approach. Several factors such as destination marketing, pro-poor tourism, tourism ethics and world order changes have an impact on the growth and development of the “tourism industry”. As opined by Streimikiene et al. (2021), an increase in the total amount of paid leave days makes the citizens motivated to travel to different parts of the country. In this regard, leisure time, increase in life expectancy and greater affluence make an impact on the growth of the “tourism industry”. One of the main contemporary issues that creates opportunities for the expansion of the UK “tourism industry” as it helps in accumulating the demand of foreign tourists to come to their country. Apart from this, import and export became easier as the prospects of the industry facilitated finding lesser difficulties in offering travel opportunities to the citizens of the country as well as the foreign travellers (Streimikiene et al. 2021).
The second essential factor that made an impact on the “tourism industry” is the knowledge economy as it helped give the tourists a proper idea about how much money is required to participate in a tour within the UK. In this regard, the networks among the different communities have been improved as it increases the reach of the citizens globally. As narrated by Kim et al. (2019), the values that are directly interconnected with the development of the different cities of the UK are patriotism, democratic principles and mass-centric policies. Ensuring the longevity of the “tourism industry”, maintaining positive outcomes and concentrating on maintaining the benefit of the country are the significant areas that need to be concentrated by the country (Chen et al. 2020).
The creation of a wide range of jobs within the country is said to be one of the positive economic impacts of tourism within the country (Hannonen, 2018). The inflows of income have increased which has a tremendous impact on the GDP of the country. The infrastructure of the country seemed to be improved as it helped in maintaining sustainable growth within the country. Ren et al. (2019), the vast range of positive aspects of the economic impact of tourism made its impact on the development of the railways and airports of the country. The overall water supply system of the country has been improved which has an impact on the financial wealth and development of the country (Jiao et al. 2021). The improvement of the telecommunication system has also been observed in which sustainable growth and development help in maintaining the development of the financial activities within the country.
The negative perspective of the economic impact of tourism has been observed as the increase in the prices of the products has been seen. The overall demand for the products and services within the country is observed as increasing which facilitated making a negative impact in visualising imparity in the demand and supply of the commodities. As believed by Paramati et al. (2018), the classification of several price hikes within a stipulated period is directly interconnected with the leakage and multiplier effect within the country. The validation of the results and the purchase of the goods from different countries have a “negative impact on the overall growth” of the “tourism industry”. The factors leakage of the multiplier denotes that an increase in the income is observed due to maximisation of the initial investment within the country (Risteski and Kocevski, 2018). The income propagation slows down as the ultimate effect observed within the reduction of the income level of the country.
The concentration of the positive impact of tourism on the “tourism industry” has been observed as better protection of nature has been observed within the country. The evaluation of the necessary activities as the increase in the volume of the energy and water consumption will be visualised. However, environmental factors such as natural disasters, the economy, weather conditions and insufficient promotion made an impact on the growth and development of the “tourism industry”. As narrated by Uslu et al. (2020), the high water quality and growth of the environmental potentiality make a sustainable impact on the expansion of fundamental activities. In this regard, the evaluation of the positive social impact and several inclusions make a sustainable impact on the development of the country. The concept of sustainability derives that the necessary needs to be accomplished as well as social and economic goals need to be accomplished (?em?a, 2020).
The three important concepts of sustainability are social, environmental and economic as these three factors refer to the profit, people and planet of the industry. The implementation of sustainability theories makes a strategic impact on the development of the natural resources of the country. In contrast, the increase in energy and water consumption has been observed as it increases the overall volume of expenses of the industry. As narrated by Paramati et al. (2018), the valuation of several industry techniques and the projection of the proper financial techniques need to be associated. “The increase in the number of tourists” within the country increases the volume of the total solid waste within the country. Thus, it visualises a negative impact on the growth of the industrial expansion of the industry (Rudsari and Gharibi, 2019). The increased pressure of the travellers within the country makes an impact on the changing value within the country.
The “socio-cultural effect” of tourism has an enormous impact on the operational activities and the growth of the industry. The adequate exploitation of the cultural resources and degradation of the environment has been evaluated to visualise the sustainable operational activities of the industry. As stated by Ferreira et al. (2020), the classification of sustainable financial schemes and techniques needs to be evaluated to determine the financial strategies of the “tourism industry”. One of the essential benefits of tourism is that it helps in making integrity among the various communities as well and the prevention of heritage can be possible with the help of using the social services and prevention of the heritage within the country. Adequate commercialization between art and culture is possible as the effective areas are related to the financial activities of the country (Ulaankhuu, 2020).
The exploitation of cultural resources is said to be one of the drawbacks of the socio-economic effect within the country. The environmental degradation and the evolution of several financial aspects should need to be evaluated to determine the financial perspective of the industry. As narrated by Ferreira et al. (2020), enclave tourism and the prospect of racism have a negative impact on the growth of the “tourism industry” of the country. However, the increase in crimes and adaptation of the Western safari style dressing sense have a negative impact on the adequate growth of the country. Certain changes in the value systems and the change in individual behaviour make an impact on the functional development of the country. The creative level of expression as well as the traditional ceremonies reduces the total level of demand as well as breaches the community-related issues within the country.
Conclusion
Based on the above discussion, it can be concluded that future economic impact on tourism will increase the overall tax revenue of the “tourism industry”. The standard of living of UK citizens will be increased as the increased number of demands will help in developing the overall GDP of the country. More employment opportunities will be observed in the upcoming five years as in the post-pandemic period more tourists will visit the UK as it emphasises overall financial revenue and financial growth of the community. The socio-cultural effect can be observed as more interconnection within the huge number of people helped in making integrity among the people. Non-pollution and energy efficiency contributions should need to be used as they will save energy and that will attract more travellers within the country. The “tourism industry” should concentrate and improving the technology availability and the sewage system of the country as it will help in reducing negative impact on the environment.
Reference list
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