This document discusses factors affecting international trade in the travel and tourism sector from the perspective of companies and countries. It notes that rising globalization and technology have increased trade between nations. For companies, engaging customers through social media, deals/discounts, and understanding perceptions are important. Travel and tourism contributes over 10% to global GDP and benefits developing countries by increasing infrastructure and national revenue through foreign tourist visits and spending. Various country-specific factors like policies, resources, and regulations also influence how travel and tourism sectors expand and grow within those countries.

1. Research paper
Travel and tourism

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3. Travel and Tourism
Factors affecting
International Trade
⚫Companies point of
view
⚫Countriews point of
view

4. Companies Point of View
⚫ Technological
⚫ Social Media
⚫ Consumer Satisfaction
⚫ Engagements
⚫ Deals & Discounts
⚫ others

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6. Technological
⚫ Rise in globalization an technology has made the
trade practices rise between the countries up to a
great extent.
⚫ As rise in technology and innovation is seen,
⚫ Thus the International trade has taken place
between countries in almost every sector
⚫ Facilitated to form different governing bodies like
SAARC, WTO, GATT, etc

7. Consumer engagement
⚫ Engagement wityh customers is
Necessary.
⚫ Helps in gaining Knowledge about
perceptions.
⚫ Helps in developing strategies
⚫ Making decisions related to operations.

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9. Company Point of view
• Trade is a commercial transaction
involving the sale and purchase of
goods, services and information. In a
simple word it can be said that trade is
a basic economic concept involving
the buying ad selling of goods and
services.
•Travel and tourism is one of the sector
which is continuously increased in the
world and it aids in increasing the
expansion of economic income of the
country. In the Australia, china, Japan,
UK, US, Germany, India, Indonesia,
Korea. Travel and tourism sector is
one of the industry which assists in
improving country's expansion in the
context of infrastructure, economic,
employment, etc.

10. Travel and tourism affecting
countries Expansion
•Travel and tourism is one of the
most important industries for
developing countries. This is a
sector which aid to the countries
in increasing their economic
income as well as infrastructure.
•By their travelling and visiting,
national revenue is generated.
This thing assists in improving
the economic condition of these
mentioned countries. As per the
research it has been founded
that in the 2014 1.2 million
foreign tourists visited the
central American country.

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12. Conti....
•According to the WTTC 's
latest research it has been
founded that travel and
tourism's contribution to world
GDP outpaced the global
economy for the sixth
consecutive year in 2016, rising
to a total of 10.2% of the world
of GDP.
•On the basis of this data
review, it can be said that in the
various countries, travel and
tourisms has largely assisted in
increasing the various aspects
through which citizens of the
countries are also beneficial

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14. Factors affecting travel and tourism
sectors within the countries
•In the various countries like
UK, US, Germany, India, china,
Japan, Indonesia, Korea etc
there are different kinds of
technology, political system,
pricing policies, economic
policies, natural resources, legal
and regulatory framework etc.
•These all factor largely affect
the travel and tourism sector
because according to these
components, organisation of
travel and tourism largely
influence the expansion, growth
and development.

15. CONCLUSION
Trade is refers to the activity which is used to selling and
purchasing the product and services either within the country or
outside of the country. In a simple term it can be said that trade
is one of the most significant activity through which company
and country involving the buying and selling activities.
From this project report it has been concluded that Travel and
tourism is one of the most important industries for developing
countries. This is a sector which aid to the countries in
increasing their economic income as well as infrastructure.
With assistance of the travel and tourism sector, various
countries like china, UK, US, Germany, India gets the large
number of benefits which aid in expanding the country.

16. References
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