Everything You Need to Know About Travel & Tourism Industry

August 4, 2021
Travel and Tourism Industry Overview - ColorWhistle

The travel and tourism industry is one of the biggest and fastest-growing industries in the world. We are still witnessing the continued interest of many people preferring to spend their spare time on travel.

This has given an enormous opportunity for travel and tourism-related business like travel agencies and tour operators to cater to the needs of this emerging demand.

In an effort to help people who want to enter the travel business, we have written this comprehensive introduction blog about the travel and tourism industry. We also regularly share informative resources for people in the travel industry. Do check out our blog section on a regular basis to read information-rich resources.

Let’s dive in.

What is the Difference Between Travel & Tourism Industry?

The terms travel and tourism are often used side by side and are closely linked. However, there are differences between the two. In this blog, we will find out more about the difference between both travel and tourism and the activities that set them apart.

  • What is tourism industry? – Tourism is the act of traveling to a different location for either business or pleasure for more than one consecutive year
  • What is travel industry? – Travel refers to moving from one location to another. It can be long-distance, short-distance, overseas or domestic travel and can cover a wide variety of different travel purposes.

It is completely understandable that many find it hard to figure out the distinction between both the terms because there seems to be a significant overlap. Many of the businesses and service providers seem to carter for both travel and tourism.

Despite the progressive and adaptive nature of the industry where the changes are evident via new introduction of tourism forms, there is no attempt to develop a commonly accepted definition of travel and tourism.

While we have attempted to define the concept of travel and tourism from a generic perspective, the practical application of the meanings we outlined can be difficult when used for specific types.

We would say that academics and practitioners from the industry have to come up with appropriate definitions so that it will represent the travel and tourism industry that operates today.

Evolution of the Travel & Tourism Industry

Here is a graphic we prepared that highlights the evolution of the travel and tourism industry.

What Are the Sectors and Components Within the Travel and Tourism Industry?

In this section, we will explain the various sectors and components that are present in the travel and tourism industry.

Sectors Within the Travel and Tourism Industry

1. Transportation

Airline industry

The transport (accessibility) system is one of the main key parts of the travel and tourism industry. It is considered as a link between tourist generating and tourism destination regions. Some of the major airlines in the world are,

  • Emirates Airline
  • Jet Airways
  • Malaysia Airlines
  • Air France KLM
  • Lufthansa
  • Southwest Airlines
Car rental

People give a lot of importance to comfort while traveling. That is why there is a huge rise in companies that provide a variety of vehicles according to requirement and comfort of the clients. Some of the famous car rental companies are,

  • Hertz
  • Budget Rent a Car
  • Avis
  • Alamo
  • Sixt
  • Enterprise
Water transport

Waterways are important to the transportation of people and goods throughout the world. It has played a vital role in drawing different parts of the world closer and is essential to foreign trade. The different types of water transport are,

  • Ships
  • Ferries
  • Tug boats, Rigs
  • Sailboats
  • Barges
Bus & coach

Buses and coaches are one of the most important forms of passenger transport around the world. They have been shaping sustainable mobility for more than a century. Here are some of the luxury busses in the world,

  • Marchi Mobile EleMMent Palazzo
  • Featherlite Vantare Platinum Plus
  • Prevost H3-45 VIP
  • Foretravel IH-45 Luxury Motor Coach
  • Country Coach Prevost
Railways

Railways have helped mankind in many ways – in both voyages of commerce and discovery. They are still the most popular form of transport and given the environmental benefits, they will be with us for many years to come. Here are some of the most famous trains in the world,

  • Trans-Siberian Express
  • Orient Express
  • Flying Scotsman
  • Golden Arrow
  • Maharajas’ Express
  • Eurostar
Spacecraft

This type of transportation has developed in recent years and is going to be quite influential in the years to come. The most famous company offering commercial space tourism is Virgin Galactic.

2. Accommodation

Hotels

Hotels are one of the most popular forms of accommodations for tourists or anyone who is looking for a place to stay overnight or on a short-term basis. They provide guests with private rooms, bathroom and other facilities. Some of the popular hotels in the world are

  • Emirates Palace
  • Rancho Valencia Resort & Spa
  • The Westin Excelsior
  • Burj Al Arab Hotel
  • The Plaza
Shared accommodations

Shared accommodations are commonly defined as two or more people living in accommodation together. Usually, each person will have their own bed and will share certain common areas such as kitchens and bathrooms. This is a budget-friendly option for tourists. Some of the most popular shared accommodation service providers are,

  • AirBnB
  • Vrbo
  • HomeAway
  • Homestay
  • OneFineStay
Camping

Camping or temporary shelter is an outdoor accommodation which is in the form of a tent. Travelers who camp will also prefer to stay at a commercial campsite which has additional facilities. Some of the popular camping sites in the world are,

  • Mount Cook National Park, New Zealand
  • Devon, England
  • Loch Lomond & The Trossachs, Scotland
  • The Alps, France
  • Hossa National Park, Finland
Bed and breakfast (B&B)

Bed-and-breakfast are cozy accommodations that are inviting, intimate environment where innkeepers are often present to look after every guest. In some cases, the owner of the B&B may live in the building too. Some of the most popular B&B’s in the world are,

  • Le Quartier Sonang — Amsterdam
  • Bed and Breakfast by the Beach — Bournemouth, England
  • Arbor Guest House — Napa Valley, Calif
  • Glendon Guest House — Derbyshire, England.
  • Cliffside Inn Bed And Breakfast — Newport, R.I.
Cruises

Cruise is a combined form of transportation and accommodation. People who go on cruise travel will have their own cabin where they can rest and relax. A major part of the passenger’s time is spent on the cruise ship. Some of the most popular cruise destinations in the world are,

  • Avignon, France
  • Bora Bora
  • Glacier Bay, Alaska
  • Vienna, Austria
  • Singapore
Timeshare accommodation

Timesharing is shared ownership of a vacation property. A management company handles the construction of a property and sells shares where buyers can spend a specific amount of time on the property usually 1 week per year. Famous timeshare resorts in the world are,

  • The Ritz Carlton Club
  • The Disney Vacation Club
  • The Marriott Vacation Club
  • The Hilton Grand Vacations Club
  • The Hyatt Residence Club

3. Food & Beverage

Restaurants

The restaurant and dining business is equally important as the scenery, accommodations, and destination areas because tourists want to engage in local culture when they go on a holiday. If you have any plans to create a restaurant website we have written a detailed blog about the essential elements a restaurant website must-have. Here are some of the famous restaurants in the world,

  • Osteria Francescana
  • El Celler de Can Roca
  • Mirazur
  • Eleven Madison Park
  • Gaggan
Bars & cafés

Bars & Cafés give a relaxed environment for travelers to eat and drink. Bars tend to focus on selling alcoholic drinks and soft drinks whereas cafés sell hot drinks and snacks. We have also written a detailed blog that has an amazing list of bakery & cafés website design inspiration, do check it out. Some of the world-famous bars & cafés are,

  • The Broken Shaker
  • Bell in Hand Tavern
  • El Floridita
  • Sant’Eustachio il Caffe
  • La Cafeotheque
  • Winkel
Nightclubs

Nightclubs are commercial establishments that will stay open until late at night. These places combine music, dance and alcohol sales. Some of the world-famous nightclubs are,

  • Ibiza
  • Hakkasan
  • Green Valley
  • Pacha
  • Zouk

4. Entertainment

Casinos

Casinos are similar to indoor amusement parks, but it is for adults. It has many games of chance such as slot machines, blackjack, roulette, craps, keno and baccarat provides billions of dollars in revenue for casinos. Some of the world-famous casinos are,

  • WinStar World Casino
  • Venetian Macau
  • City of Dreams
  • Foxwoods
  • Wynn Macau
Shopping

Shopping plays a vital role in the travel and tourism industry as it caters the basic necessities and it is also a form of entertainment. Many people specifically travel to experience shopping in those destinations. Some of the world-famous shopping destinations are,

  • New York City
  • Paris
  • Milan
  • London
  • Hong Kong
Museums

Museums have objects and materials of cultural, religious and historical importance in one place. They are presented to the public for education and enjoyment. Some of the world-famous museums are,

  • Zeitz Museum of Contemporary Art
  • National Gallery of Canada
  • Tate Modern
  • The Metropolitan Museum Of Art
  • Mauritshuis
Theme parks

A theme park has various attractions, such as rides, games and events for entertainment. They will also have shops, restaurants and other entertainment outlets. Such types of parks can be enjoyed by adults, teenagers and children. Some of the famous theme parks in the world are,

  • Universal Studios
  • Gardaland
  • Disneyland
  • Pleasure Beach
  • Alton Towers

Components of Travel Services

Travel agency

A travel agency sells or arranges transportation, accommodations, tours and trips for travelers. Some of the functions of a travel agency are to recommend a particular service that will be suitable for the traveler, provide assistance in procuring travel documents, process travel arrangements and give assistance in case of refunds or cancellations.

Online travel agency (OTA)

An OTA is a travel website that specializes in providing travel services to customers including flights, hotels, car rentals, cruises, activities, and packages. These websites have in-built booking systems that allow users to instantly book.

Some of the popular examples of OTAs are Expedia, Priceline and Orbitz. We have also written a detailed blog about what is an online travel agency and the benefits of partnering with them. If you are planning to create an OTA website, you can take inspiration from these 100+ travel websites.

Tour operators

A tour operator will combine tour products and travel services together to offer packaged holidays to the customers. Usually, a packaged tour will have a combination of air travel, accommodation and entertainment. The tour operator will provide organized activities for customers.

Destination marketing organizations (DMO)

DMO’s represent destinations and help to promote a particular destination as an attractive one by creating a long-term travel and tourism strategy.

Through this, they try to strengthen the economic position of that place which in turn will improve the employment opportunity for the people in that region. At ColorWhistle, we can help any type of travel and tourism provider to improve online visibility. All you have to do is, just get in touch with us to learn how we can help.

How Can ColorWhistle’s Digital Solutions Help Travel and Tourism Businesses?

One thing that is common in this blog is that when we were researching to find the famous travel-related product or service provider in the world, each one of the big players had amazing websites. Those websites were the gateway through which those players showed their expertise to the world.

That is where ColorWhiste can help. We will help you to present your capability to the online world. If you are Solopreneur looking to enter the travel arena or growing or established travel business, we understand that improving your current state of affairs will always be on your mind.

Our amazing team at ColorWhistle can offer professional assistance. We have a powerhouse of multi-talented people experienced in web development and digital marketing.

If it is redesigning your existing website or creating a new one, we can polish your online image in no time. Get in touch with us today and let’s talk business!

Our Useful Travel Industry Resources

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About the Author - Anjana

Anjana is a full-time Copywriter at ColorWhistle managing content-related projects. She writes about website technologies, digital marketing, and industries such as travel. Plus, she has an unhealthy addiction towards online marketing, watching crime shows, and chocolates.

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