Essay
UNIT 2 THE BUSINESS OF TRAVEL AND TOURISM P2,P3
- Institution
- PEARSON (PEARSON)
This is an report for p2,p3 UNIT 2, i guarantee a pass. clearly exaplained. includes pictures.
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Content preview
Denisa NegoitaUnit 2 - The Business of Travel and Tourism
P2, P3
Introduction
To demonstrate my knowledge of the diferent types of organisatons operatng in the Travel and
Tourism business environment, I need to create and artclee
Task 1
1e Describe he organisatonal and fnancial characteristcs of two diferent types of travel and
tourism organisatons with diferent structures
Thomas cook
Ryanair
Ie Thomas Cook is a public limited companye They are involved in inbound and domestc
tourism and they are horizontal integrated as well as vertcally and is controlled by a Board
of trustees and shareholderse The documents they needed to set up the business were a
certfcate of incorporatons, memorandum of associaton and an artcle of associaton and
fnally the liability is limitede The determinaton of the organisaton is to provide package
holidays for clientse Also, their fnancial accountability comes from the shareholders and
customerse
IIe Ryanair is in the private sector operatng as a private limited companye They are involved
with inbound, outbound and domestc tourism and it is horizontal integrated, controlled by a
Board of trustees and shareholderse The documents they needed to set up the business
were a certfcate of incorporatons, memorandum of associaton and an artcle of
associaton and fnally the liability is limitede The purpose of the organisatons is to provide
airline tckets for customers as well as providing them with good caree
Thomas cook and Ryanair
Organisational Characteristics
Business structure
The business structure of Thomas cook is public limited companye Public limited company is a
company that is owned by shareholders and shares are bought and sold on the stock market, just
like Thomas cooke
The business structure of Ryanair is private limited companye Private limited company is a company
where shares can be bought and sold but only with the permission of the board of directons, just
like Ryanaire
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