Nowadays, tourism is a rapid growth largest industry in the World. There are some factors of tourism growth which under Roman Empire are influence the tourism growth today. The factors that influence the growth of tourism are economic factor, social factor and technological factors. The first factor is economic factor. Tourism is a long-run economic growth factor that plays an important role in standard living of people in developed countries.
Same goes to tourism service provider, the travel packages can be browse and booked online. In the Malaysian economy, tourism is an important sector where it leads to the positive economic development of the country (Mansor & Ishak, 2015). As one of the main generating factors to Malaysian economic growth, it has contributed about RM60.6 billion in tourists receipts from 25.03 million arrivals in 2012 (Tourism Malaysia, 2013). (Omar, Islam, & Adaha, 2013). The tourist arrivals data statistics is influential to the development and the readiness of other tourism-related industries such as hotels, transportation, food and services industries at their good level (Mansor & Ishak, 2015).
CHAPTER 2 LITERATURE REVIEW In this chapter, literature, theories and other related information is screened and summarized to give a better perspective of factors of the hotel chain development. 2.1 Globalization Currently, tourism becomes increasingly global. Becoming a global tourist market is accompanied by a powerful process of trans-nationalization, which find expression in the international interweaving of private capital, strengthening the ties between the monopolies of different countries and a wide development of transnational companies in the tourist business. According to the study of Malyushenkova (2014) the process of globalization - high availability of foreign markets , the development of transport systems, new ways of sharing information and modern technology - all these factors have a huge impact on tourism. The sharp increase in the number of tourists, business travelers, and students participating in international educational programs is reflected in the change of the hotel sector.
I. INTRODUCTION As the world becomes more integrated, the industrial tourism has turned into a vital sector of economies of many countries. Over the decades, tourism has approved not only its own position as a rapidly growing industry in developing country’s economy but also its far-reaching impact on the social life across the world. This paper discusses the role of tourism through analyzing all the aspects of the tourism that make major effects on the society and presents the in-depth overview of Vietnam tourism via defining its difficulty and suggesting some available solutions. II.
In other words, WTO - is a forum for discussion among its members on issues of multilateral trade relations, which are maintained as discussions on agreements that are already part of the WTO, as well as on agreements planned in future. These features make it possible to call WTO a ‘’multilateral trading system’’. This system creates a perfect environment for production and business. The environment is stable and predictable, the above is necessary for the development of international trade on the terms of fair competition. The existence of the international trading system creates more trade and investment, which in turn creates new jobs and causes economic development of the participating countries in the WTO.
THREATS The present growth in the tourism sector may result in an increasing number of firms entering the market. This may led to increased competition emerging from a variety of given sources including: • Established travel agencies, hotels and lodges may look at the development of new lines and vertically integrate transportation so as to provide additional services to clients. • New marketing strategies and tactics by established companies aimed at providing excursions of our intended nature. • Existing competition. • Other start-up travel companies generated by healthy nationwide economic and tourism growth.
Chapter One First, Introduction: Tourism is the fastest growing industry, which provides enormous compensation to both local and global community. The sector participates in financial activities all over the world and it creates wide job opportunities. Great development in the tourism sector remains to have a vast influence on financial growth in several fields as it works as a motivation for economic development. Furthermore, financial growth of the nations improves development of the tourism sector; consequently, an economic fluctuation will have an unfavorable result on tourism. Current credit crunch crisis has evolve from other key crises that have happened in industrial world in recent decades and spread to emerging economies and less
Review of Related Literature and Studies This section is composed of related literature and studies about the ideas, related topics, finished thesis, generalization and conclusion. Those that were included in this chapter helps in the familiarization of the information that are relevant and similar to the present study. Foreign Related Literature According to UNWTO (2015), tourism has become one of the “key drivers for socio– economic progress”. Its contribution for the growth of the national economy is significant as well as its contribution for the global economy. Destination marketing is now acknowledged as a pillar of the future growth and sustainability of tourism destinations in an increasingly globalised and competitive market for
Tourism has become one of the main or players in international commerce, and represents at the same time one of the main income sources for many developing countries. This growth goes hand in hand with an increasing diversification and competition among destinations. This global spread of tourism in industrialized and developed states has produced economic and employment benefits in many related sectors - from construction to agriculture or telecommunications. Tourism in India The tourism industry of India is economically important and is growing rapidly. The World Travel & Tourism Council calculated that tourism generated INR6.4 trillion or 6.6% of the nation's GDP in 2012.
The word “tour” is derived from the Latin word “tornare” and the Greek word “tornos”, which means lathe or circle, the movement around a central point. The word “Tourism” is derived from the term ‘TOUR’ means “a journey from place to place or time to be spent at a station or rambling excursion”. In short “Tourism is the act or travel for predominantly recreational or leisure purposes, supporting the massive industry of tourism to cater the tourist needs of transportation, accommodation, food, entertainment, recreation, health and social contact”. Tourism plays a crucial role in developing the socio economic conditions of individual and thereby of the country. Tourism industry helps the country to earn foreign currencies and it will generate