The tourism industry is divided based on various types of travel like leisure and business. Traveling for leisure and business constitute the majority of the tourism industry. The market for business tourism has grown nationally and internationally. The business travel market is a booming market, which generates a lot of revenue. Business tourism is a highly competitive industry and the main regions contributing to the growth of the sector in terms of revenue are United States, Europe and Asia. In this document, we will try to understand the overall scenario of business tourism.
[...] Business tourism remains highly profitable to the extent that, according to the Ministry for Tourism in Europe, a business tourist spends between 2.5 to 3 times more than the leisure tourists, either in spending on hotels, restaurants, transport and travel or purchases in local shopping centers. In fact, today we see that a sizeable portion of the hotels are dedicated to conventions, conferences and seminars. However on the other hand, expenditures per participant are increasing. One can also notice that the demand is on an increasing trend with constant diversifications in the business tourism industry. [...]
[...] Tour operators are responsible for providing all inclusive trip packages to the client. Conclusion Business tourism is a growing industry which promises bright prospects for the future. Companies have started using business tourism as marketing and a communication tool. It is difficult to precisely quantify the application of business tourism due the subjectivity of the supply market. However, with the positive shift in demand, the service providers are trying to exceed the customer expectations. There are some factors which might inhibit this development in the future. [...]
[...] Aspects of business tourism does not fall into account of either in choosing the destination for business travel or in business related activities, as the business traveler generally has little time for recreation. Moreover, these movements are quite difficult to quantify, since professionals often travel by diverse means of transportation. c. Recent history The beginning of business tourism took place in the United States with the onset of stimulation in 1929 where travel trips were designed to improve the sales forces in an organization with the objective of motivating the employees'. [...]
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