IMPACT OF TOURISM ON RETAIL SHOPPING IN OMAN
INTRODUCTION
Nowadays shopping has become one of the most lucrative tourism activities. Oman is now known to be one of the most famous and popular tourist shopping destinations. Through this research report the researcher intends to express the study of factors and present trends in tourism that affect retail shopping in Oman. The behavior of tourist with respect to retail shopping is however examined in this research.
This research basically revolves around tourists who visit Oman and also attempts to discover the possible reasons as to why they have chosen Oman as their holiday destination.
Thus one of the core reasons of tourists visiting Oman is to shop at various malls mainly in the Oman’s
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Gold and Silver Souk very well known and the most famous among other markets. Substantial sum of proceeds are contributed to retail commerce through tourists. Oman has many shopping centers therefore it was of a definite need to know and learn the impact of tourism on retail shopping in Oman. The shopping experience is more important in Oman malls as these attract shoppers from various socio-economic strata who have their own expected standards of service and experience as compared to the shoppers who visit malls in many developing countries. In shopping centers, it is an added shopping experience that is actually made by aligning their management philosophy and practices perfectly with the expectations of …show more content…
The research is aimed at analyzing the factors that influence tourism and the retail shopping experience in Oman and then study the current trends of shopping in Oman by the tourists and what is their reaction relating to retail shopping and what steps could be taken to provide the tourist with the best shopping experience that they would be expecting from Oman. Thus this could help to improve the retail shopping for the tourist who visit Oman and also improve Oman’s economy.
The main focus of this research project is on Oman as a retail shopping destination for tourist and its effect on the economy of Oman. During the recent time key portion of tourism is shaped by the Leisure sector in Oman. In this research the researcher is taking into consideration Shopping aspect of the tourism industry. In the Middle East region after Dubai, Oman is now developing and trying to become popular shopping destination. Shopping is known as one of the most attractive activities anywhere around the world. Retail sector in accordance with Government of Oman has established various shopping events including Oman shopping festival, Oman summer surprises and many more to lure tourists. Shopping has been acknowledged to be a common tourist activity and a motivation for travel, especially in the case of cross-border trips. Elements similar to lesser prices, lower taxes, and greater variability
This week in chapter six of the book, Economics, written by McConnell, Brue, and Flynn, I have learned about price elasticity of demand and supply, cross elasticity, total revenue, and income elasticity of demand. Through this week I believe the most important concepts are elasticity of supply and demand. Elasticity of demand is the sensitivity of a price change of a product. Elasticity of demand can be influenced by substitutability, proportion of income, luxuries versus necessities, and time. Price elasticity of supply is the responsiveness of producers to a price change in a product.
In the 16th century, the Portuguese was able to find a route around the Cape of Good Hope that got them involved in the Indian Ocean trade. The trade was dominated by Asian traders who operate from East Africa to India and from Eastern India to Indonesia. The Portuguese replaced these Asian traders to Venetian, Genoese and Catalan traders. Soon in 1507-1515, Portugal conquered carefully calculated cities like Goa, Malacca and Hormuz and set up a base in these cities. The impact the Portuguese bring to the Indian Ocean trade is when they enter the trade for the benefit of wealth and power over Spain and the Muslims, they took control over trading cities with spices through the use of violent force and strategic methods which cause the Portuguese
He provides data of historic prices of goods such as LED televisions and oil and compares the price to after the industry was monopolized. Will covers the issues of outsourcing and monopolies to persuade readers into believing that the wealth gap allows for industries to have flexible prices on their goods making them more affordable for the average income
There are always positives and negatives to trading. China has had plenty of positives from exploring and their superiority due to riches. China also had very lavish materials that were heavily wanted by Europe, all of the other countries envied China for its power. The middle east, the secondly discussed trading country, has negatives to the things that have been exposed to from trading with Europe such as violence over belief systems. Throughout history trade routes created positive impacts in China and negative impacts in The middle East due to being rich and having violence.
The temporary character of competitiveness, which can be lowered anytime. 4. The massive spending on technological advances. 5. The brand image misconception in which low prices are usually associated with low quality product.
The growth of consumerism generated Enlightenment ideas through material goods and helped expand the Atlantic economy. New developments in how commercial goods where manufactured, traded, and used created a time of consumer revolution. With the changes of consumerism came changes in Enlightenment ideas. It was a cause and effect chain that would create a different way of life for Europe.
SPATIALITY The Mall becomes a ‘utopia’ where time and space evaporate (Goss 1993) and creating the civic miracle of heightened safety, excessive cleanliness as well as a well-mannered populace, a process similar to Malcolm Voyce’s (2007) idea of ‘spatial purification’. The aesthetically laid sparkling Italian marble floor leaves a sense of slight consciousness with regard to the clinical and pristine nature of the surroundings. Perhaps, the wafting music of the grand piano (blocked from view by a crowd of onlookers surrounding the pianist) is meant to work as an antidote for the induced anxiety. The material and non-material presence of the mall forms its spatial representation and the conjured “image” plays a crucial role in determining the intended audience.
5. Good compensation system for employees. 6. Owned stores at prime locations. 6.
Higher Quality of Service or Product 3. Monetary Savings 4. Better Employee Retention Rates 5. Pleasant Work Environment Maslow`s Hierarchy
Challenge of modernization and globalization in the UAE society Introduction The UAE is renowned for its rich cultural heritage heavily manipulated by Arab and Islamic traditions. UNESCO has particularly acknowledged the Emirate of Sharjah as a fascinating emirate that has single handedly taken measures in protecting the rich cultural heritage of the Arabs. A classic example is anchoring the Dubai Shopping Festival in cultural values that are local and traditional. It should be noted that the primary aim of the festival is to attract tourists from all over the world.
Since the beginning of the 1990’s, e-commerce has radically changed consumer behaviour by introducing new retail channels (Ngai and Gunasekaran, 2007). Serious attempts to trade online started to emerge in the mid-1990s wheninnovative, technically savvy companies responded to the opportunities and challenges posed by the internet, to develop sophisticated web sites to serve customers, in their homes (Rayport and Sviokla, 1994). The present retail environment is characterised by new, store and non- store, retailing formats, a wide range of new products, use of new information and communication technologies and consequently, the changing customer needs. Moreover, the dynamic lifestyle conditions of consumers has resulted a change in their personal environment that contributes to a profound change in customer behaviour (Schröder and Zaharia, 2008). Retailing in the 21st century means doing business with customers on their terms (Mathwicket al., 2002).
The definition of the word “Tourism” is different source by source, person by person. There is no specific definition for it. Each institution defines “Tourism” in a varied way. Firstly, tourism is related to several groups which involving in or are affected by tourism industry. Their perceptions are crucial to the development for the definition of tourism.
New Year 2017 - It's Time to Celebrations It is that time of the year again where everybody is excited and humbly waiting for new year’s. New year bring so much happiness and new opportunities for every individual. It is an also a time to share your happiness with everybody and party and have a get together.
In his book, “Amusing Ourselves to Death”, Neil Postman analyzes the change of mediums from a Typographic Age to a Telegraphic Age; but because technology has advanced since the 1980s, it does not address every new medium and its effects. One recent medium that dominates the internet is online shopping. With seventy nine percent of Americans making online purchases (Weller), it is quickly becoming a new tool for everyday life. This medium attracts every aspect of buying, from office supplies to dog treats. The demand for online shopping stores is increasing rapidly year by year.
1.0) Introduction 1.1) Background During the past decades, the retailing industry has gone through many important changes. Saturated markets, fierce competition, and the turbulent macro-economic environment have condemned retailers to reconsider their retail strategy. Actually there are four factors which have constantly been reshaping the world of business – technological advances such as the internet, the loss of geographic advantage resulting from globalization, the shake-up of the traditional industries as a result of de-regulation and the rising power of the modern and complex consumer. However one of the most important factors remains the evolution of the Internet.