This sample will let you know about:
- Explain Stakeholders affected by BREXIT.
- What is Response strategies taken up by the stakeholders.
INTRODUCTION
The tourism industry is one of the most effective and significant sectors contributing to a country's development and growth. It generates substantial revenue, aiding the nation's economic system and consequently improving the living standards of its people. It has also been said that BREXIT is considered as one of the most crucial event which affects the overall performance of UK (Ateljevic, 2017). In context of tourism industry it is said that BREXIT highly affect the overall sector in different forms. The present report includes a discussion about two main stakeholders which might get affected due to BREXIT. Along with this, it has also been said that recovery and response after BREXIT in tourism sector.
Overview of the event
BREXIT refers to to an initiative which is taken by the government of United Kingdom in order to remain themselves from the European Union. It has been analyzed that this is an event which was started in 2017 but it is still in process but it has been expected that, this is the process expected to be complete by 29th February 2020. It is said that major reason behind implementing this event is that UK is a country which was not been able to perform their task due to the boundation faced by them by European Union. This might affect the overall growth of the country as they have to follow policies and strategies according to the top management authority of the nation. It has also been analysed that BREXIT negatively influence tourism industry as number of travellers reduces by each passing time. Therefore, effective measures.
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Stakeholders affected by BREXIT
Influence on the two stakeholders which might get affected due to implementation of BREXIT which are going to be discussed as follows:
Impact of BREXIT on Tourism Operators
It has been signified that there were significant consequences related to BREXIT that impact upon tourism industry in many different ways (Berry and Ladkin, 2017). It has been seen that tourism in UK majorly contributes on economic development of country. While due to BREXIT country lead towards facing different types of worse situations that not only decrease overall economic capabilities of country but also impact upon employment segment. As tourism industry provide large number of employment opportunities to local individuals. Thus due to post BREXIT country measured economic slowdown as due to decrease in overall number of tourists lead nation to face different types of issues that decline earning capabilities of individuals. In addition to this, it has been identified that BREXIT decrease number of tourists in country as due to this situation fare of many transportation ways has been increased. Thus, as per the above mentioned scenario it has been identified that BREXIT negatively impact on tourism sector that also lead many individual to loose their employment (Clayton, 2013). All of these situation worsen out economic growth of country that also lower down its image on international marketplace. Want to get Assignment Samples?Talk to our Experts!
BREXIT impact on UK Government
Apart from tourism operator, government of United Kingdom has also been suffered due to execution of BREXIT. In general words, it has been said that there is delay in the entrance of United Kingdom boundary. In addition to this, it has also been said that due to BREXIT, air fare has also been increased which might reduce the overall customer base as very limited individual wants to visit an expensive country. It has been said that this is the industry which might face huge loss as the total number of visitors get decline by each passing time.
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Response strategies taken up by the stakeholders
In present time, response strategies could be considered as number of strategies that specifically connects potential individuals towards various issues. Through this, they can easily develop transparent relationship with each other. Considering this, if it is talked about the scenario that has been taken into consideration, then it will be required by industry to effectively deliver the appropriate information in relation to BREXIT. Responses are defined as formative strategies that has been undertaken by an individual as to overcome as particular situation or an issue. In context with present scenario, it has been identified that due to BREXIT impact stakeholders of tourism sector take advantages of different types of strategies that are further being defined below:
Tourism operator
Primarily, it is important for tour operators in United Kingdom to take advantage of numerous form of promotional tools as well as techniques as to attract attention to large base of tourists in a well defined and significant manner (Easterling, 2015). In addition to this, they are also required to advertise about different attractive locations of country along with many additional benefits and packages. With the help of this, they can significantly able to attract attention to tourists towards natural beauty of country. In addition to this, it is essential for them to inform tourists about different types of places and tourists destinations. This will ensure them to duly attract large base of tourists attention in a signified manner.
- One of the most important strategy that can be undertaken by Tour operators in UK is to take advantage of different types of innovate approach and provide different types of packages as well as services that attracts international tourists in best effective manner. As by attracting attention of tourists with the help of these attractive benefits tour operators within UK can significantly able to attract due attention of large number of tourists towards them.
By undertaking these strategies into consideration tour operators with UK provinces can significantly able to gain attention of tourist in a well defined manner. This also help them to ensure their growth and sustainability in marketplace for long duration of time (Gannon, 2014). Ask for assignment help from our experts!
Government of UK
The primal strategy that came in front that has been taken by Parliament of United Kingdom is that to undertake raft of measures as to effectively boost economic conditions of the country through enhancing the travel and tourism business organization. Further government properly declared deregulation drive so as to profit Britain the travel industry. Alongside this, this is a portion of the parliament changes are made by government that permits B&Bs to properly serve clients with liquor and further permit proprietors to lift their visitors from train stations to their convenience. Including this, it is also distinguished that legislature consists similar reported arrangement of new single-booking fox rail agendas as to viably empower all the guests from the whole way across the globe. With the assistance of every one of these measures it has been seen that there are wide scale reaction procedures that has been embraced by parliament so as to appropriately support up travel industry of United Kingdom just when BREXIT will reach to an end (Knežević Cvelbar and et. al., 2016). Away with this, it is also said that United Kingdom's parliament has also reported diverse arrangement of undertakings that properly empower travelers from all around the globe. Further it has been recognized that Tourism play key fundamental and most significant job being developed of UK. Including this, it is said that there are number of vacation based area in United Kingdom that pulls in voyagers from all around the globe.
As this segment give nation monetary development as well as help them to build expectations for everyday comforts of people inside nation by giving them number of business openings. On the other hand, United Kingdom is having number of places like world-class museums, stunning countryside and a number of sites that are linked with different cultures followed by Europeans and Britishers as well (Sofield and Li, 2011). This has given good opportunities to the traveling business industry and raised various numbers of chances for companies like Travelodge UK and more to deliver high number of holiday packages to their potential clients. On the other hand, if it is talked about Discover England Fund then this public agency is working appropriately with tourism industry of this nation. Including this, Parliament of United Kingdom also raised number of benefits for this industry like they offered around €46.8 million and supported various start-ups as well that raised employment for citizens of United Kingdom. Away with this, visa-free travel along with appropriate safeguarding are said to be the two appropriate measures that linked potential clients to government of United Kingdom (Toh, 2018).
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CONCLUSION
With the help of above stated report, it is said that tourism industry play very important role within UK government as the economic system of the nation grow in an effective manner. In addition to this, it has also been said that after implementing BREXIT within the country, specific changes has also been examined by the UK government within tourism sector. In order to reduce the negative impact different kind of policies and strategies are been developed by the government of the nation which increase the overall profit margin in an effective manner.
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