Introduction to Hospitality and tourism Lecture 1 Tourism : Activity of people taking trips away from home and the industry which has developed to cater to/support the needs of tourism. (does not include migrants‚ PR‚ illegal immigrants) History of tourism * Early travellers travelled for: 1) curiosity 2) food and hunting (survival) 3) trade (trade routes formed – silk
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Changes in the Government policy What are the main tools that the government manage the economy? The government manage the economy by using the fiscal policy. The Fiscal policy involves the use of government spending‚ taxation and borrowing to affect the level and growth of collective demand‚ output and jobs. Another way the government manage economy is by using the monetary policy. This policy is designed to attempt to influence variables like the balance of payments‚ currency exchange rates‚
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Finance in Hospitality Management Course: HND in Hospitality Management Module Tutor: Student: 1.1 What are the main sources of finance to a business? Classify them according to short-term and long-term categories
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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 are combined; it is difficult to come up with one definition for tourism‚ but it can be looked at as: The commercial organization and operation of vacations and visits to places of interest‚ or as listed by
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World Geography Assignment #1: Globalization Effects in Spain’s Tourism Industry Prepared for Cesar Polvorosa Jr. Global Business Management Post-Graduate Certificate HUMBER COLLEGE BUSINESS SCHOOL Prepared by: Victor Mendez 821-354-859 Submission date September 24‚ 2012 I. Introduction Globalization as a process can be described as integration and interdependence of world regions through the network of trade and communication links (Johnson et al. 17). Globalization
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HOSPITALITY STUDY NOTES Working in a socially diverse environment: * Hospitality means the friendly welcoming and entertainment of guests when you work in the hospitality industry‚ you are a representative of the organisation‚ and of the country. * Overseas visitors form their impression of a country by the way there are treated during their travel in their accommodation and the restaurants and cafes they visit. * You need to be able to convey the warmth and friendliness of welcome and
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AD = C + I + G + X – M. C = Consumer Spending‚ I =Investment‚ G = Government spending‚ X= Export‚ M= Import. If there is a increment in investment‚ Government spending ‚ consumer spending or export‚ there will be economic growth. In the by Rich Karlgaard‚ there is a increment in investment ‚government spending and consumer spending which is what causes the growth. And to have such increment‚ it would depend heavily on the government. (Pettinger‚2011) Having economy growth would mean a better standard
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CHAPTER ONE Introduction 1.1 Background of the study Organization‚ corporations or establishment‚ just like the governments are governed by rules and regulations‚ in the same way every economy set out goals‚ which it achieves‚ through various means. Vibratory and fiscal policies are the stimulant to any nation economic development‚ especially with regards to Nigeria. However‚ in this study‚ the attention of this is mainly on the influence of deregulation on banks profitability in Nigeria
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Political Science 1020E Professor Nigmendra Narain Term 1 Essay: What role should religion play in government policies? By Nivedita Sen Student Number: 250589199
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known for a lot of things‚ amazing sweet tea‚ good barbeque‚ but have you ever thought about southern hospitality? No‚ it isn’t one of Ludacris’s albums‚ well‚ not in this sense anyway. Southern Hospitality to me is defined as people being willing enough to volunteer their time‚ homes‚ churches‚ etc to the community‚ or even country. Tennessee in particular is well known for their southern hospitality‚ and willingness to volunteer. We’re called the Volunteer State because in the War of 1812 and the
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