Business Tourism Essay Example | Topics and Well Written Essays - 1750 words

Business Tourism - Essay Example (Parliament, Great Britain, Media and Sport Committee Culture, and House of Commons, 2005) Although the Business tourism in Britain is well over  £ 20 Billion currently, still the tourism industry is eagerly anticipating Olympics, because that is supposed to bring some good omen after the last decision by the government to cut the funding for tourism by nearly one fifth, some economists had discovered that this decision was made on completely inaccurate data which stated an over anticipated growth in the industry. (Connor, Ashling, 2008) Here in this report we have discussed all the above and have also stated the future prospects of the tourism industry and the effects of 2012 Olympics on it. We have also provided a strong conclusion and recommendations as to the best options and growth opportunities in Britain. The non-discretionary business tourism is composed of the individual or corporate travel garners  £ 7 billion of revenues per annum. There has been a 53% growth in all business trips to the UK in the span of more than a decade. Approximately, 7 million visits are made to the UK each year for business purposes. (Rogers, Tony, 2003) The decision made by the government to cut the revenues and expenditures by a fifth was not justified and the opposition as well as the tourism promotion NGO’s realize that and some have even protested against that decision, after all, we wouldn’t want to ruin England’s name by not being prepared or rather not being able to organize a breathtaking Olympics, we have to at least show a better performance than most of the first or third world countries, being one of the most supreme and developed nation. (Great Britain: National Audit Office, 2007) One of the most alluring characters of the business tourism industry is that it creates a lot of job as well as business opportunities as well as it sustains the workforce as it is an industry that’s growing at a constant and stable growth rate. As a