Generational Changes Are Creating Pressure in the Tourism Industry with the Changing

question 40

Essay

Generational changes are creating pressure in the tourism industry with the changing demands of customers.These changes impact the tourism product in the majority of sectors.
a)Discuss two generational changes that Generation Y brings to the tourism industry and how the industry will need to evolve.
b)Discuss how the boomers are evolving into zoomers and how tourism products and services will need to adapt.

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Definitions:

Bond Indenture

A legal and binding contract between a bond issuer and the bondholders, specifying the terms of the bond such as the interest rate, maturity date, and other conditions.

Flotation Costs

Expenses associated with issuing new stocks or bonds, including fees for underwriting services, legal counsel, and registration.

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential.

Equity Position

An equity position refers to ownership interest in a company through the holding of shares or stocks, indicating partial ownership.