1.

Improved transportation has changed the nature of the hotel industry from small,
independently owned inns to big hotels and lodging chains that are operated using
concepts such as franchising and management contracts.
2. Hotels can be classified according to location (city center, resort, airport, freeway) types
of services offered (casino, convention) and price (luxury, midscale, budget, and
economy). Hotels are rated by Mobil and AAA (five star or five diamond rankings)
3. Vacation ownership offers consumers the opportunity to purchase fully furnished
vacation accommodations, similar to condominiums sold in a variety of forms, such as
weekly intervals or point based systems for only a percentage of the cost of full
ownership. According to the world Tourism Organization, timeshares are one of the
fastest growing sectors of the travel and tourism industry.
4. Every part of the world offers leisure and business travelers a choice of unusual or
conservative accommodations that cater to personal ideas of vacation or business trips.
5. The future of tourism involves international expansion and forgein investment, often in
combination with airlines, and with the goal of improving economic conditions in
developing countries. It is further influenced by increased globalization as evidenced by
such a agreements as NAFTA.