This is not surprising since the direct impacts account for nearly 60 percent of the total employment impacts and that virtually all of the cruise tourism expenditures are made with businesses in these sectors. Because of the relatively higher wages in the transport sector compared to the other sectors of the economy, the transport sector accounts for 41 percent of the wage impacts but only 27 percent of the employment impacts. The remainder of the total employment and wage impacts was generated by the indirect spending in the other sectors of the economy. 2.2 Market needs in growth markets GROWTH MARKETS - Diversification and global expansion of cruise operations. While the Caribbean princess cruises Alaska and Europe are remaining the dominant
Sterling weakness against the Euro and the Dollar since last November has played a role here, invigorating buyers from Bordeaux to Beijing. However, March was a relatively stable month for Sterling and prices continued to rise. It was also a positive month for the Liv-ex Fine Wine 50. The index saw its highest month-on-month rise since January 2013, climbing 3.3%. Three of this month’s top movers were First Growths, with the 100-point Lafite 1996 seeing a 10% rise.
There was an abrupt backslide in the year 2002 when the revenues earned by the China travel industry dropped from $67.3 billion to $59 billion in the year 2003. The abrupt change can be attributed to SARS. As many as 91.66 million tourist visited China in the year 2003, out of which as many as 32.7 million tourist stayed back overnight(Hai, 2004). Global tourism receptions accounted for $17.4 billion in the year 2003. Tourist within China provides the main revenue.
In research carried out by NCB stockbrokers, 20 million of the 24.5 million passengers travel through secondary airports while using Ryanair. The reason for Ryanairs preference to use secondary airports is the quick turnaround of an estimated 25 minute compared to the 60 minute turnaround in major European airports, which earns Ryanair an extra 4.4 million in revenue each year. The use of uncongested secondary airports aided Ryanair to achieved better punctuality, fewer lost bags and fewer cancelations than any of its European competitors according to the association of European airlines own published statistics. Also critically a fraction of landing and handling fees on these secondary airports are minimal compared to their major counterparts. Ryanair hard line negotiating has even been known to conjour up free marketing throughout these
So in general the company is in a healthy financial position by owning more than they owe. However in 2012 their liabilities amounted to £15.5 million. Therefore in 12 months Diageo’s debt has risen by £1.4 million. But this will not concern the company because its total assets have been increased by £2.7 million from 2012 to 2013. Diageo’s total equity this year was £8 million which is a £1.2 million increase since that time last year.
It is currently the 47th largest economy within the world based on their mixed country economy. With the main partners of imports being the United States at nineteen percent of imports, and main partner of exports being China Vietnam for the next six years, Vietnam has relations with super powers that supports the economy. The economy see and average of 200 billion US dollars a year in revenue from imported goods (Taylor, 2013). The second gross domestic product that has helped boom the economy is the tourism of Vietnam; the boom of visitors came during 2004 voted the most wanted to visit Asian country. The cause of the increase of the amount of visitors not known but is speculated that of being 40-year anniversary of the Vietnam war with the United States (Taylor,
After analysing the articles describing the subject matter raised in this work, noticeable became a gap in the subject of factors influencing customer decision-making when choosing tourist companies in the UK. How relevant the results of this study may be, underscore the statistics described by Office For National Statistics. ' 'There were 70.8 million visits overseas by UK residents in 2016, an increase of 8% compared with 2015. This is a record figure, and the first time that visits have surpassed the 2006 figure of 69.5 million. In general, visit numbers have increased over time, from 42 million in 1996, although the number of visits fell sharply in 2009 in the wake of the economic downturn.
The number of rooms recorded growth at a review-period CAGR of 2.55%. Total hotel revenue increased from KES62.4 billion (US$0.8 billion) in 2009 to KES83.6 billion (US$1 billion) in 2013. However, total hotel revenue was severely affected during 2012 and 2013 as a result of increasing terrorist attacks, such as the Westgate Mall attack in 2013, which negatively impacted international tourist volumes in the country. • Kenya’s car rental market value increased at a review-period CAGR of 4.66% to reach KES5.5 billion (US$0.06 billion) in 2013. Overall, 93.7% of car rental revenues were generated at non-airport locations in 2013. Leisure car rentals accounted for 65% of the total car rental value in 2013, as compared to business car rentals with 20.7%.
During the Eighth Malaysia Plan (2001-2005) period, foreign exchange earnings from tourists increased at an average annual growth rate of 12.4 percent, from 17.3 billion in 2000 to almost 50 billion in 2008 (Ministry of Tourism, 2008). Although adversely affected by the outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003, the tourism industry has otherwise remained robust. During the Ninth Malaysia Plan (2006-2010), tourism was expected to continue as a major source of new growth and a driver in the services sector (Economic Planning Unit, 2005). The Visit Malaysia 2007 campaign and a series of high profile events celebrating Malaysia’s 50th independence also proved successful, which saw 20.97 million tourists into the country, representing an increase of 19.5 percent increase year on year (Malaysia Tourism Report, 2008). A record high of 22.05 million tourist arrival, however, was recorded for 2008 surpassing the 21.5 million target set under the Ninth Malaysia Plan (Ministry of Tourism, 2008).
In terms of Chinese tourism market, news publishing from CNTA and UNWTO, China has the 97.3 million outbound tourists in 2013 and it has been the top tourism market source in the world. It can be seen (Graph 1-1) that the number of Chinese tourists was only 10 million in 2000. Just over past ten years, it has been increased to approximate 100 million which is ten times as many arrivals as previous one. The increase is not only in the number of Chinese going abroad, but also in the travel styles and destinations. More Chinese tourists would like to be self-guided tourists and go to some lesser-known destinations for experiencing unique culture and spectacular landscapes.