Global Journal of Commerce & Management Perspective
Open Access

Trends and Effects of Taxation in Tourism Management

Thomas Lamont^{* *}Correspondence: Thomas Lamont, Department of Tourism and Hospitality Management, Leeds Beckett University, West Yorkshire, United Kingdom, Email:

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Description

We are striving to emphasize the significance of tourism taxation here. Due to the fact that the tourist economy is growing to be one of the most important global sectors, it is crucial to achieve the best results and tax rates that would promote tourism growth. However, the most crucial aspect is that such funds should be used to invest in and reimburse the tourism industry. We will improve our tourism-related revenue in this way. To good reason, the tourism business would suffer from a heavy tax burden. High tax rates would be a global crisis for competitiveness and earnings, and would have a detrimental effect on competitiveness. It is critical to focus as efficiently as possible with the tax system so that tourism can be developed. We performed Competitive analyses to better understand the system of taxation in the tourism industry. We'll present some results and suggestions based on these analyses.

Since tourism is a main source of revenue for both the federal government and local governments, it is extremely tax-sensitive.

• The rise in revenue from tourism should help fund developments in infrastructure and other things. In general, visitors spend for high-quality services that will be provided to them.

• The maintenance of the tourism taxes is difficult. Finding the best answer is crucial. Since it is a developing industry, tourism has several difficulties.

• The price and tax levels are very major elements in the tourism industry. The prices are significantly impacted by value added tax.

• If they look at the pattern, you'll observe that the price index price for things tourists buy has gone up.

• Tax hikes on services tourism - related occur more frequently than tax reduction if we analyze all the communities that have tourism as a major industry.

• Countries do not consistently apply the same taxes and fees or tax rates to services provided to tourists.

Trends in tourism industry

• Bleisure Travel

• Automation

• Mobile Bookings

• Personalization

• Sustainable Tourism

• Transformative Travel

Applications of tourism management

Digital technology in tourism: Both visitors and tour providers now have access to the newest technology. Through the convenience of online travel and lodging reservations, among other things, it has enabled tourists and executives of tourism businesses to travel to new locations and explore, discover, and do it. A compass app, online booking apps, currency converter apps, world time apps, language translator apps, weather apps, google maps, and restaurant or hotel locating services are just a few of the smartphone apps that visitors use. The Google Maps API enables users to explore all options for visiting a location and add their own data to create overlays on the Google Map. Several apps can be used to plan a trip, locate affordable flights, local transportation hubs, dining options, and tourist sites.

Taxation: Countries, states, and even localities that issue tax incentives to the tourism sector to encourage it as a marketing weapon. Many countries tend to opposite it, i.e. taxing traveling and tourism unless visitors do not vote. That is an assumption; visitors vote with their feet. They go somewhere else. Monitoring tools, such as the WTTC's Tax Barometer, retain a performance scorecard on these tax rises. Asian locations afflicted by currency devaluations fared better in the latest WTM barometer, owing to the need to adjust numerous airport taxes in line with the amount of the devaluation.

Conclusion

As the business develops respect and recognition, it will attract more than its fair share of qualified young people anxious to travel the world and enjoy the sights and sounds they are exposed through the Internet. As Internet web sites enable people to acquire work in different parts of the world, mobility will rise. People with language abilities and the capacity to work in other cultures will be in high demand.