Impact of Tourism: An Economic Analysis Executive Summary The main purpose of this report is to show the importance and the role of the indirect economic effects of tourism on growth and GDP‚ employment and foreign trade. Tourism’s role in the economy is often perceived as being limited to the hospitality industry (cafes‚ hotels and restaurants) and outbound and inbound travel agencies and carriers‚ which form the leading service sector in many countries. However‚ the economic impact of tourism is much
Premium Tourism Economics
Country report PERU Summary Now that the worst of the economic crisis is over‚ the balance can be made up for Peru as well. GDP growth will fall to 1% in 2009‚ a steep drop from the 9.8% registered in 2008. However‚ in comparison to its peers‚ this can be considered a good result. Monetary and fiscal stimuli have supported growth so far. However‚ with regard to the fiscal stimulus‚ the bottom of the treasury chest is in sight. On the back of higher spending and falling revenues‚ the budget deficit
Premium Economic growth Macroeconomics Gross domestic product
PESTLE analysis * Political factors There are several aspects that should be taken into the consideration. The overall economic situation in the world and in specific regions can take a significant role in a political decision making in any country. For example‚ the economic downfall in Greece and Spain might influence policies of other European countries which might take new restrictions. The tax policy is another important factor in this context. In Europe the average standard VAT rate is
Premium Middle class Transport Economics
TOURISM DEVELOPMENT IN EGYPT by Student’s name [Code+ course name] [Professor’s name] [University name] [City‚ State] [Date] Table of Contents Table of Contents 2 2 2 Introduction 3 Tourism Industry of Egypt 4 Rationale for Selection of the Country 4 GDP of Egypt 5 Overview of the Tourism Industry 6 Role of the Private Sectors 8 Natural Change and Climatic Conditions 8 Theoretical Framework 9 TALC Model and Egypt 9 Carrying Capacity Factor 12 Dependency
Premium Tourism
Dhabi‚ United Arab Emirates a r t i c l e i n f o Keywords: Home-stay accommodation entrepreneurs Motivation factors Push and pull factors Tourism management Service industry a b s t r a c t Tourism is an important industry for Malaysia‚ and home-stay accommodation businesses play a significant role in aiding the success of the tourism industry. The aim of this paper is to analyse the start-up motivation factors and business challenges for home-stay accommodation businesses. The data
Premium Tourism Business Motivation
are also made. IKEA‚ SWOT; PESTEL; Porter’s Five Forces; Value chain analysis 1 1. Introduction and Company overview............................................................... 3 2. PESTEL analysis..........................................................................
Premium Strategic management
PESTLE ANALYSING FOR SINGAPORE AIRLINE Student name: Xia Zi Wen Course: Advanced Diploma Module: corporate strategy 1.0 Introduction In this essay‚ I am going to analyse the state of the market and prospects for the Singapore airline industry‚ especially on Singapore Airline‚ by using PESTLE tool. 1.1 Background Singapore Airline’s history can be tracked down to 1st May 1947‚ and more new aircraft were added to Singapore Airline (Malaysia-Singapore Airline) in the 1950s to 1960s
Premium Singapore Airlines Qantas Airline
PESTEL analysis Mexico: POLITICAL : While Mexico has been a formal democracy since Independence‚ in reality the nation has been plagued by essentially a series of caudillos‚ representatives of local and regional power arrangements that have been successful at reaching national levels. Politics are still corrupt and scandal-ridden‚ with parties often focused more on individuals than on programmes for action. And while progress has been made‚ the Mexican state is still far from comfortable with
Premium Mexico International trade World Trade Organization
HOW DOES TOURISM IMPACT THE ENVIRONMENT The effect of tourism on the environment can be both positive and negative. Each person or group of people will impact the area they visit in a different way. Whether it is in a negative or positive manner is entirely up to the visitor. Let’s consider the NEGATIVE impacts first: POLLUTION - This is probably the biggest negative factor concerning tourism. People have to travel to their destination. It doesn’t matter if it’s by plane to another country or
Premium Tourism
Tourism 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" Tourism has become a popular global leisure activity. In 2011‚ there were over 983 million international tourist arrivals worldwide‚ representing a growth of 4.6% when compared to US$ 940 billion in 2010.[2][3] International
Premium Tourism