"Managerial economics in tourism and hospitality business" Essays and Research Papers

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    experienced the hospitality industry. The industry is vast‚ and constantly changing to meet customer expectations. It is also a very diverse industry‚ ranging from stays in a five-star hotel to meals in a fast-food outlet. In these first two units‚ you will develop your knowledge and understanding of this exciting and fast-moving industry. You first consider the different types of businesses in hospitality industry at national and local levels. You will explore the types of hospitality jobs‚ and the

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    Hospitality Industry Knowledge 1. List six sources of current industry information: - Media: Such as newspapers‚ television‚ magazines and radio. The media publicises current information‚ trends developing and any government initiatives. - Customers: By doing customer questionnaires this can inform enterprises as to what they need to improve‚ as well as which staff are working well. - Information services: For example the Australian Bureau of Statistics and Tourism NSW (all these services

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    5 Ages of Hospitality

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    HM-1800 | The Five Ages Of Tourism | | Introduction: The 5 Ages of Tourism In our current era‚ travel requires nothing more than a computer and a couple hundred dollars in the bank. Anyone can simply get on a computer and buy a ticket for the next day to go anywhere in the world he or she wants. Travel has never been faster or more convenient as it is today‚ and that convenience is what leads to tourism. Tourism is the largest industry in the world when all of its subgroups

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    ROLE OF SMALL BUSINESS IN ECONOMIC GROWTH AND POVERTY ALLEVIATION IN WEST VIRGINIA: AN EMPIRICAL ANALYSIS By Gebremeskel H. Gebremariam1 Tesfa G. Gebremedhin‚ and Randall W. Jackson RESEARCH PAPER 2004-10 ABSTRACT: The main objective of the study is to empirically evaluate the critical roles of small businesses in economic growth and poverty alleviation in West Virginia. In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong

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    tourism

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    Introduction: Tourism means the principle of traveling for pleasure. Many people are in the habit of traveling over different countries in order to see the places of their respective interests like the structures of sculptural beauty‚ attractive spots of nature and so on. So‚ we find a lot of foreign tourists in different countries. The travels of the foreign tourist bring a lot of money to the countries where they travel. Hence‚ tourism has become a source of income for the countries to which

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    Benefits of Tourism

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    Tourism is travel for recreational‚ leisure or business purposes. The World Tourism Organization defines tourists as people "traveling to and staying in places outside their usual environment for not more than one consecutive year for leisure‚ business and other purposes".[1] Tourism is important and in some cases vital for many countries‚ such as France‚ Egypt‚ Greece‚ Lebanon‚ Israel‚ the United States‚ the United Kingdom‚ Spain‚ Italy‚ and Thailand‚ and many island nations‚ such as Mauritius

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    org/JGRP DOIXXXXXXXXXXX ISSN 2070-1845 ©2011 Academic Journals Full Length Research Paper The relevance of tourism on the economic development of Cross River State‚ Nigeria Ajake‚ Anim O. and Amalu‚ Titus E.* Department of Geography and Environmental Science‚ University of Calabar‚ Calabar‚ Nigeria. Accepted 21 December‚ 2011 This study investigated the relevance of tourism on the economic growth of Cross River State‚ Nigeria. Special focus was on the difference in visitations over the years under

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    proposal Economic Development through Social Tourism: A case for Nottingham Research proposal: Aim: To identify the economic costs and benefits of implementing a local social tourism strategy The development of Tourism in any country is a great way for the reallocation of wealth from the local markets and injecting it back to the country’s revenue in a bid to ensure the growth of the community and see to it that the resources are tapped into and used effectively. Local tourism has a

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    A business is an organisation that attempts to satisfy the needs and wants of a community by providing goods and services‚ however‚ a business does not exist only to serve the community‚ it also exists to maximise the financial investments of their owners. This is done through the social and economical role of a business. Economic roles are concerned with the financial impacts that the activities of a business have on various groups in the business environment. The economic roles are wealth creation

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    Introduction The tourism and hospitality industry is a broad industry with multiple‚ sectors and departments‚ often known as the industry operating hotels‚ accommodation‚ food and beverage and managing tourist activities. Many do not realize the vastness of this industry‚ therefore; there is usually confused about the jobs related to this industry. Jobs often share common features from jobs in other industries to meet the needs and requirements of guests to provide ultimate customer satisfaction

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