We have heard and found many successful examples in recent years that have been truly inspiring. Obviously, we 've seen how startups like Amazon, Uber, and PayPal, etc., have changed the trends of fortune in their favor, motivating millions of young aspiring and young entrepreneurs. Airbnb has become another global platform for investing the travel experience. This extremely popular space has become a real community with many options and opportunities for everyone ... at a reasonable price! Today, we 'll be holding conversations about a key player more than this long list of "most promising startups": Airbnb.
India’s primary attraction has been its cultural, its art, architecture, music dance and history. Culture draws people to its shores and these people subsequently spread the word about India’s rich heritage. Attractions such as the Himalayas and Golden Beaches of Goa came into focus only in recent years. Travel has been one of the fastest and ever growing service industries with an enormous potential for further growth in world. The bulk of tourist arrivals are in developed countries but now developing countries are also increasingly sharing in the tourism boom.
Tourism expenditure is defined as “the total consumption expenditure made by a visitor on behalf of a visitor for and during his/her trip and stay at destination” (United Nations/World Tourism Organization,1994). Expenditure on the trip has usually been used as a measure of demand for travel goods and services in tourism research (Dardis et al., 1981; Davies and Mangan, 1992; Cai et al., 1995; Jang et al., 2002). The tourism industry in the world experience continuous growth and expanding diversity to become one of the fastest sectors. Also, travel and tourism produce jobs and provoke affluence across the world. The tourism growth globally paced with lots of opportunities and new options for today’s traveler especially on recreation and entertainment when it comes to expenditures.
The expenditures spent by the tourists, the import and export of the related goods generate income to the national economy and can further stimulate the investment necessary to finance growth in other economic sectors of country. Some of the countries such as Bhutan seek to accelerate the finance growth by requiring the visitors to pay certain amount of foreign currency per day of their stay and it is not refundable. For some of the regions or countries, tourism is an important source of their welfare as it is the main source. If the country is a remote island, the way to build up the country economy is mainly dependent on their tourism industrial. According to the World Travel & Tourism Council on year 2012, the country that ranked first in the top tourism-dependent countries is Macau, which is an island on the western side of Pearl River Delta, China.
INDUSTRY OVERVIEW Air travel remains a huge and developing industry. It encourages economic development, world exchange, worldwide venture and tourism and is accordingly key to the globalization occurring in numerous different commercial enterprises. In the previous decade, air travel has grown hugely. Traveling for both business and recreation purposes became firmly around the world. Governments in developing nations understood the advantages of tourism to their national economies and impelled the advancement of resorts and infrastructure to bait tourists.
It is a business hub for the Middle East. Dubai’s is to explore World Expo 2020 and they conduct Dubai Shopping Festival yearly. Most of the tourists were attract to DSF. Favourable business investment decision has led to Dubai becoming one of the Gulf’s most successful. The dirham is the currency of United Arabs Emirates as it had great influence and degeneration on euro and pound against the dollar has to pull by Dubai’s tourism.
Indian continent had been the focus market for all major international players owing to the steady economic growth rates and demand for hotels. There is steady growth in the number of Foreign and Domestic tourists in India (Exhibit 5). Many of the hotel chains have recognized the demand supply gap in these markets and have entered the market very early and have ambitious plans to establish hotels in different categories to cater to the growing demand (Exhibit 1). All these international hotel companies were expected to intensify the competitive environment for all Indian hotel companies (Article 1 & Article 2). International hotel chains are not just targeting the luxury and premium segment, but also the upscale, mid-scale, budget and upper
Introduction In recent past, the United Arab Emirates is considered the most prominent and preferred destination for tourist globally. It is because the outstanding growth and development in the field of tourism, among other things also. With the passage of time the UAE tourism is developing faster than ever before, many restaurant and hotels represent, almost, two percent in gross domestic product and the rate of employment is 4.4% observing total workforce. All these facts and figures show very clearly that the sector of tourism is the most promising sector in the United Arab Emirates’ economy (Ali et. al, 2015) 2.1 Consumer Behavior The researchers explain the factors of consumer behavior and describes that there are lots of effects, characteristics
CHAPTER 1 INTRODUCTION 1.1) Introduction to Tourism Tourism is the practice of travelling for pleasure or the business of offering information, accommodations, transportation and other services to tourists. This word was first documented between 1805 and 1815. It is an activity done by an individual or a group of individuals, which leads to a motion from a place to another. From a country to another for performing a specific task or it is a visit to a place or several places in the purpose of entertaining which leads to an awareness of other civilizations and cultures, also increasing the knowledge of countries, cultures, and history. Tourism has a direct impact on the national revenue for all touristic countries, it creates work opportunities, industries, and several investments to serve and raise nations performance and cultures, also distributes their history, civilization, and traditions.
Surely, the world is home to breath-taking and natural paradise and gifted with abundant resources. Today, people of all ages have been flocking to different parts of the world to experience its culture, traditions, food, shopping, and most especially its famous tourist destinations. However, it always occurs in the minds of backpackers the expenses that they would be willing to pay for. With the right course of itinerary and haggling skills, tourists will surely be able to save some bucks. Let us take a glimpse at some of the most travelled destinations in the world according to Euromonitor International’s “2017 Top 100 City Destinations” survey.