One of the major factors affecting tourism industry is that : ignorance and illeracy on the part of consumer.
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prices of goods and servicesincome of consumersprices related to goods and servicesexpected future price of productsnumber of consumers in a market
Refer to PESTLE analysis
factors increasing production of a product in industries
macro and micro factor on industry
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which sector of tourism has been affecting
Advances in modes of travel and in communication led to growth of the tourism industry. Integration of the global economy was also a factor.
Two key factors of production in the tourism industry are labor and capital. Labor encompasses the workforce involved in providing services such as hospitality, transportation, and entertainment. Capital includes the physical assets like hotels, restaurants, and transportation infrastructure that facilitate tourism activities. Both factors are essential for creating a successful and sustainable tourism experience.
The economy is one of the factors of growth in the hotel industry. When the economy is good, there is more money for vacations, and hotel stays. Tourism and business travel are also factors of growth in the hotel industry.
tourism and automobile industry's contribution to tourism growth
Following are the external factors that affect the textile industry of India: 1. Legal factors 2. Political factors. 3. Technology 4. Government Intervention