services 3. Digitalization and better use of technology 4. Indian and as well as global hospitality sectors are looking at a boom Threats 1. Entry of several international brands along with the strong hold of long standing‚ well established Indian brands. 2. Competition on price point 3. Stagnated growth 4. Economic and political turbulence in most countries Strengths Hospitality Industry in India 1. Natural and cultural diversity : India has a rich cultural heritage
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IMPACT OF GLOBALIZATION ON HOSPITALITY AND/OR TOURISM INDUSTRY Globalization refers to the increments in the relationships of the people‚ industries‚ culture and various activities of economy. The term Globalization refers to the economics and all the global distribution of the production of goods and service which ultimately reduces the barriers of international trade like export fees‚ import quotas and various other tariffs‚ Cowen (2003). The Globalization has contributed to the growth of economy
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FOE_C02.qxd 1/15/07 14:45 Page 16 »2 The production possibility frontier (curve): the PPF or PPC The starting point in our economic analysis is to consider what an economy can produce. As consumers we may want many things‚ but there is a limit to what our economy can actually produce. This can be analysed using the production possibility frontier (PPF). In this unit we examine the factors that determine how much an economy can produce and the implications of different output decisions
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Culture‚ Hospitality and Tourism The word “culture” cannot be defined with a precise and singular definition. In fact‚ Raymond Williams‚ a leading cultural theorist‚ pointed out “Culture is one of the two or three most complicated words in the English language” (Williams 1983:87). There are more than one hundred definitions of culture depending upon the various academic disciplines‚ ranging from literacy studies to anthropology and sociology. Different scholars have different views about what
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Contents 1. Introduction 4 1.1 Purpose: 4 1.2 Scope: 4 1.3 Limitations: 4 2. Literature review 4 2.1 The five phases of tourist experiences 4 Figure 2: the three phases of the vacation experience (Craig - Smith & French‚ 1994) 5 2.2 Tourist motivations 6 2.3 Tourist typologies 6 3. Personal holiday experience 8 3.1 Phases of holiday 8 3.1.1 Anticipation phase 8 3.1.2 Travel to site 8 3.1.3 On site activity 8 3.1.4 Return travel 9 3.1.5 Recollection 9 3.2
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1Introduction to Tourism * 2. Learning Objectives Understand what tourism is and its many definitions. Learn the component of tourism and tourism management. Knows the benefits and costs of tourism * 3. Introduction Tourism is the leader in the production of new jobs. Tourism has developed an important part of the economic foundation of many countries. Growth rate of services sector faster than any other. * 4. Tourism – Myths and Realities Myths RealitiesThe majority of tourism in the world
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INTRODUCTION TO HOTEL MANAGEMENT IHM110 Week 2: Introduction to Hospitality Industry and the Origin of the Hotel IHM 110 Outline • Meaning and definition of Hospitality industry • The origin of the hotel • What service the industry provides and who it provides for • Characteristics of the hospitality industry IHM 110 What is the meaning of HOSPITALITY “The friendly reception and treatment of guest or stranger” ____________ “The act of kindness in welcoming and looking after the basic needs
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innovation‚ researchers have formulated theories related to organisational management. Theories have critically analysed with the case study of British Airways by comparing strategies with both external and internal environments. The case study explains the dimensions of business travel and tourism and its social‚ economic and environmental consequences. INTRODUCTION Business Environment encloses all those factors effects an organisation’s operations including investors‚ customers‚ suppliers‚ distributors
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Body1. History of British Airways22. Current strategic situation….42.1 Internal analysis42.2 External Analysis52.3 SWOT82.4. Current strategy93. Potential Strategic options124. Recommended strategic direction with rationale164.2 Strategy Evaluation175. Identification of critical success factors186. Performance measurement criteria197. Conclusion218. Bilbliography249. References24Executive SummaryThe main aim of this report is to undertake a review and analysis of British Airways. It is UK’s leading
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TEI of SERRES Department of Business Administration MBA in Hospitality & Tourism A Project By Konstantinos Karanikolas Ioanna Koumleli Victoria Tsiamoura Date 22/01/2013 Professor: Maria Tsourela Tourism is a sector that is more possible to be affected when a crisis occurs. As a crisis is defined every natural or man-made disaster that can impact the long-term functions of an organization or prevent it
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