Travel and Tourism Online – Learning From a Distance

A lot goes into traveling outside the actual trip. The plan to get to a destination is only a small detail when compared to the overall experience of a vacation or business trip. Online colleges offer training in travel and tourism for the individual who wants to think and do all the necessary things that go into planning a trip. Prospective students can earn a degree online and be working with clients to help them get the most of their money when traveling.

There are a variety of benefits from attending school online.

Learning from a distance allows individuals to choose their study pace and take classes inside the comfort of their own home.
Online schooling in travel and tourism permits students to study on days that are set by them not the college or program.
Students have the ability to complete all the phases of education without the hassle of commuting to a campus everyday.
This is a high advantage for disabled individuals who are unable to commute to a campus and attend classes.

More colleges and universities are adding online degree programs in travel and tourism, which is enabling students to gain a better education with higher degree choices than a certificate program or associate’s degree.

Prospective students have numerous choices when it comes to education programs. Students have the option to gain an education from accredited online colleges and universities starting at an associate’s degree in travel and tourism to a master in business administration for hospitality and tourism management. The opportunities for students to gain an online education in this field is widening and programs are preparing students in numerous ways. Through coursework students will learn about:

sales techniques
travel destinations
bookkeeping
reservation systems

An online degree in this area could provide the best career preparation and have graduates working in many different aspects of travel and tourism.

Travel agents have more responsibility to their clients than just booking travel and securing them a discount. The job description for a travel agent encompasses the entire trip whether it’s for leisure or business. A travel agent will arrange:

transportation
hotel
food options
tours
entertainment

Whatever a client is looking for in regards to their trip a travel agent will spend time getting the best discounts, looking up travel packages, and exploring what activities the destination has to offer their client. Along with the above responsibilities an agent will be the number one source on things like the weather, local customs for international travel, site attractions, money exchange rates, and more.

A new trend is developing for individuals who gain a travel and tourism degree through an online school. More students are becoming specialists in a particular area. Meaning they are choosing to become highly knowledgeable in one area like a culture, destination, or interest. This type of travel and tourism agent is particularly useful for clients who are traveling internationally. Becoming a specialist will require the student to learn the customs and in some cases the languages of a chosen location. With increasing demands on travel agents from their clients, gaining a degree in the field is becoming extremely important.

The First Half 2016: Supply, Demand, and the Spiking Dollar on Brexit Fears

The rise in oil prices during the first half of 2016 was driven by two of the most basic economic forces: supply and demand.

First, in May, the price of both WTI and Brent hit a six-month peak when the International Energy Agency (IEA) forecasted a drop in production of 200,000 barrels daily during the last six months of this year.

Second, not only was expected supply dropping but expected demand was rising. Several months ago, the IEA reported demand projections rising in 2016. The IEA estimates that worldwide demand will increase by 100,000 barrels daily this year as well. The driver? Largely China and India, two robust emerging markets.

Falling supply and rising demand have been bullish for oil prices in 2016.

The first half also had the U.K.’s vote to leave the European Union in late June. Moors terms the Brexit decision “the biggest single event to jolt markets in decades.” Why? In the short term, it sent markets – oil, stock, and currency – down steeply on uncertainty fears.

In the case of oil specifically, though, the flight to a safe haven in the U.S. led to an increase in the U.S. dollar. Because oil is denominated in dollars, it becomes more expensive to overseas buyers when the dollar advances. That can restrict their demand going forward.

While Moors believes that the two-year negotiations between the U.K. and the EU will continue to exert a downward drag on oil prices, any weakness will be offset by bullish factors later in the year and into 2017.

What’s Next for Oil Prices in 2016 and 2017

Oil prices surged during the first half of 2016. In February, the price of the U.S. benchmark West Texas Intermediate (WTI) hit a historic low of $26.21, but it rose more than 50% in the following months. The global benchmark, Brent crude, followed a very similar pattern in the first half of 2016.

Oil PricesDespite price fluctuations in June and July, Money Morning Global Energy Strategist Dr. Kent Moors believes the WTI crude oil price is currently in a sustainable range and could hit the mid-$50 per barrel by the end of 2016.

He forecasts that WTI crude oil prices will climb to the low $60 per barrel range in 2017 and sees Brent oil prices per barrel in the mid $60s next year.

Before we get into why our Money Morning oil price prediction shows these double-digit gains in 2017, here’s a recap of the 2016 price fluctuations…

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