Hospitality Industry is now-a-days‚ one of the major industries in many countries of the world. This comprises operation of hotels‚ motels‚ resorts‚ guesthouses‚ rest houses‚ picnic and recreation spots etc. while industrialists‚ businessmen‚ professionals‚ working people and of course tourists are the principal customers. In fact in many countries‚ hospitality industry is the principal source of foreign exchange earning. Tourism indicates touring activities by local inhabitants and foreign visitors
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DLSU Business & Economics Review 22.1 (2012)‚ pp. 119-128 An Economic Analysis of the Philippine Tourism Industry Krista Danielle Yu School of Economics‚ De La Salle University‚ Manila‚ Philippines krista.yu@dlsu.edu.ph The archipelagic nature of the Philippines‚ as well as its colonial heritage‚ offers a wealth of scenic views that invite both locals and foreigners to participate in tourism-related activities. According the Department of Tourism (2011)‚ the industry is one of the three
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Holiday Inn & Hospitality Industry The hospitality is all about customer satisfaction and the industry is built on leisure and meeting different needs‚ the industry is set up with different services from hotels‚ airlines and all other systems in the travel and tourism which all fall in the realm of the hospitality industry. The hospitality industry is not only about hotels or restaurant but there is about 12 other different parts in the industry: Events Pubs or Bars Tourist Services Gambling
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Current Issues in the Hospitality Tourism Industry in Oman (This is posted at the http://www.ecotourismblog.com/oman-perfect-destination-at-its-best-2/#comment-47) Introduction: Oman is country with an area of 309‚500 sq. kilometers and a population of 3.7 million people. The mainstay of the Omani economy is oil. Total size of the economy is 81 billion USD and per capita income is 22‚180 USD. The economy presently faces an imminent danger of the sharply falling oil prices. In this scenario the only
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International Journal of Culture‚ Tourism and Hospitality Research (eJournal by Emerald Insight) Hospitality is the defining feature of India and Indians. In the era where national boundaries are fading fuelled by rapid movement of culture‚ capital and knowledge across borders‚ hospitality industry has emerged as one of the largest employers in the world. It is second only to the oil industry‚ in terms of turnover and exchange of foreign currency. The Indian hospitality industry is growing at a rate of
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Tourism has developed as a prevailing financial variable in United Kingdom as well as in global horizon. With its financial and all other business benefits‚ tourism and hospitality industry can absolutely assume a deciding part in the improvement of economies which experiences problems of an unfavourable parity of payment circumstance‚ a high level of social backwardness‚ other than the natural issues. Be that as it may‚ to make progress in tourism and hospitality there‚ organisations operating
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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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Introduction The hospitality industry is a broad category of fields within the service industry that includes lodging‚ restaurants‚ event planning‚ theme parks‚ transportation‚ cruise line‚ and additional fields within the tourism industry. The hospitality industry is a several billion dollar industry that mostly depends on the availability of leisure time and disposable income. A hospitality unit such as a restaurant‚ hotel‚ or even an amusement park consists of multiple groups such as facility
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Remuneration and Working Conditions in the Tourism and Hospitality Industries Introduction Tourism and hospitality organisations need many different things for them to function‚ the most important of these things being their employees. However to ensure that they can keep and retain their employees there are many things that an organisation needs to employ; this includes the concepts of remuneration and working conditions. It is for this reason that this essay will examine the concept of remuneration
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TITLE : Tourism industry as the economic generator INTRODUCTION : Malaysia is a beautiful tropical tourist destination in Asia which is the potential not only to attract international tourists but also offer local people. Tourism had become a wise investment that will drive the growth of related industries‚ all the other acts as a vehicle in the development of mega Malaysia to developed countries in this century. This essay examine the efforts boosted the tourism industry and reveals
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