GLOBAL CHALLENGES AND TRENDS IN THE TOURISM INDUSTRY; ROMANIA, WHERE TO?

Daniela Firoiu and Adina-Gabriela Croitoru
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Daniela Firoiu: Faculty of Domestic and International Economy of Tourism, Romanian-American University, Bucharest, Romania
Adina-Gabriela Croitoru: TotallyH – Total Hospitality Services, Bucharest, Romania

Annals - Economy Series, 2015, vol. Special, 37-42

Abstract: In the context of an increasingly dynamic global society, adapting to new market conditions becomes a necessity, so that mutations in the tourism industry, as the economic sector to record the fastest ascent, become part of worldwide change. Tourism in the 21st century meets new dimensions as a result of unprecedented economic and technological expansion, the implications of these changes being profound and sometimes even difficult to explain or quantify. Therefore, defining an adequate tourism offer and adapting to market requirements become real challenges for economic agents, challenges that must be managed carefully in order to attain success. Currently, the focus is mainly on the technological factor and the sustainability of tourist activities, which become real progress binders, with strong influence on the entire supply chain. Global outlined trends define new ways to practice tourism, so that the technological evolution marks the transition of the entire travel experience from the offline to the online environment. The mobile segment is the one currently creating the newest opportunities for the development of tourist services, which is based on an increasingly close relationship between operators and tourists. It is to be seen whether Romania, as an emerging tourism market, which owns all necessary assets for a rapid and strong ascent, will be able to turn challenges offered by global dynamics into opportunities or will face the risks induced by it.

Keywords: globalization; information and communication technology; sustainability; tourism performance; travel trends (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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