Market Analysis of Tourism Industry Table of Contents 1.0 Abstract 2 2.0 Introduction 2 3.0 Specific analysis 2 3.1 Analysis of macro environmental factors 2 3.1.1 The economy 3 3.1.2 Social trends 3 3.1.3 Political environment 3 3.2 Analysis of micro environmental factors 4 3.2.1 The targeted customers 4 3.2.2 The competitors 4 3.2.3 The consumer behaviours 4 3.2.4 An internal analysis with a focus
Premium Marketing Economy Shanghai
Tourism has become one of the most appreciated sources of income for many countries of the world. Tourism is the fastest growing industry in the world because it is one of the best ways of earning foreign currency. Despite the many advantages of tourism‚ there a few disadvantages too as there are always two sides to everything. The few drawbacks highlighted are environmental pollution‚ cultural and social degradation and economic downturns. However‚ tourists cause environmental damage through forest
Free Culture Decision making
CHAPTER 1 MACROECONOMIC SITUATION After an impressive growth performance for almost six years‚ the world economy has entered a period of uncertainty due to a financial turmoil triggered by the subprime mortgage crisis in the United States of America (USA). During 2002 to 2007‚ the world economic growth averaged 4.5 percent per annum compared to 3 percent in the 1990s. The sudden gloom in world economic prospects has come as a surprise in view of the persistent economic growth and stability
Premium Economic growth Poverty
For my two organisations I have chosen Thomas Cook which is a Tour Operator‚ and my other one will be Hilton Hotel which will come from the accommodation sector. Who are Thomas Cook? Thomas Cook are a well-known and commonly used Travel Agents. Thomas cook are very proud to serve the 23 million customers who choose to use them as a Travel agent. Thomas Cook are one of the world’s leading leisure travel groups with massive sales over £9 billion and an astounding more than £20 million customers
Premium Hilton Worldwide Hotel
MICRO AND MACRO MARKETING ENVIRONMENT Introduction Micro marketing Refers to the internal controllable factors or forces which affects the ability of a company to serve its customers. e.g. the organization‚ the market‚ the suppliers‚ market intermediaries and the marketing mix. The micro marketing environment that surrounds organisations can be complex by nature‚ however the company has an element of control over how it operates within this environment. Macro marketing Refers to the external
Premium Marketing Strategic management Management
If you were having a conversation with a Keynesian and a Classical economist‚ and the conversation turned to why the economy is experiencing high unemployment and what the government should do about it‚ how would each economist explain unemployment and what policies would each advocate? If I were having a conversation about why the economy is experiencing high unemployment and what the government should do about it‚ with a Keynesian and a Classical economist I think that the economists would explain
Premium Keynesian economics Unemployment Inflation
1. Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash. If the central bank does not respond to this event‚ what will happen to the price level? Use a diagram to assist in answering this question. 2. Use the loanable funds model to explain what happens to interest rates and investment if a government moves from a balanced budget position to a budget surplus. 3. Suppose that the T-account for The Open Campus National
Premium Inflation Monetary policy Money supply
HOëRSKOOL “Life is not a problem to be solved‚ but a reality to be experienced” NAME: KGWATALALA THABANG SUBJECT: TOURISM STUDENT NO: 1152 GRADE: 11(KEY 6) TOPIC: CONFERENCE TOURISM YEAR: 2014 1.1 Introduction Gauteng is one of the nine provinces of South Africa. It was formed from part of the old Transvaal Province after South Africa’s first all-race elections on 27 April 1994. It was initially named Pretoria-Witwatersrand-Vereeniging (PWV) and was renamed "Gauteng"
Premium Johannesburg
Social Work 4020 Macro class is a required course for all Social Work majors at Wayne State University. Nonetheless‚ I was eagerly anticipating on the knowledge that I would learn from this class. This subject has altered my perception of macro level Social Work practice. In advance‚ to beginning this course I was fully competent on the micro‚ and mezzo level of practice. Yet‚ I was not as familiarized with macro‚ and the duties that Social Workers can uphold in a macro environment. Throughout‚ the
Premium Sociology Education Psychology
Summer Reading Macroeconomics Guided Reading Questions Directions: After reading the book‚ please complete the following questions for discussion. Your responses must be typed‚ and they will be collected on the first day of class. Chapter 1: The Power of Markets 1. What are the two basic assumptions that economists make about individuals and firms? 2. What is the role and significance of prices in the market economy? 3. What’s so great about a market economy anyway? Chapter
Premium Economics