(2011). Strategy: theory and practice. Sage. Political These factors determine the extent to which a government may influence the economy or a certain industry. For tourism industry, It is necessary to analyze the political environment of the destination area, the visa restrictions and the government’s attitude to tourism.
Marina du Plessis, (2007) "The role of knowledge management in innovation", Journal of Knowledge Management, Vol. 11 Issue: 4, pp.20-29. Teece, D.J. Pisano, G. and Shuen, A. (1997).
The global tourism industry in recent years, faced with the ever-increasing level of competition between the countries within the region (Witt, S. F., Brooke, M. Z., & Buckley, P. J., 2013). In the first place it indicates more extensive, often invasive measures of voice in promoting its tourist product in foreign markets. Besides tourist demand and tourist offer depends on a number of changing factors, such as economic and financial development, the impact of the policy pursued by the state, demographic and social changes, the development of innovative technologies. According to S. F. Witt (Witt, S. F., Brooke, M. Z., & Buckley, P. J., 2013), increased competition, both in the market of tourism demand and tourism supply in the market is one of the major global tourism trends. In China, one of the most urgent problems of the implementation of the concept of sustainable tourism development is its connection with the restriction of the potential economic benefits for the participants of the tourism business, which leads to a grudging acceptance.
Introduction Tourism is the largest and fastest growing industry in the world, and also a major contributor to Jamaica’s economical growth and development. The dynamics of tourism allows people to travel globally for several reasons as it influences competition between countries, while attracting tourists towards destination product(s). However, the growth of crime and violence is becoming directly exposed to the value of a tourism sector development; hence, prior or while traveling, safety assurance is of great demand for travelers. By definition, crime is referred as “ acts or omissions forbidden by law that can be punished by imprisonment and/or fine” (Murphy, 1985), Furthermore, it has come to the realization that many countries tourism
Tourism is defined as the movement of individual from a place to another place for pleasure purposes. But this term is only been used on early 19th century (Smith 1989:17). On 20th century, tourism studies involve various ranges of disciplines. Jafari and Ritchie (1981) found that the five main academic disciplines in tourism research are economics, sociology, psychology, geography, and anthropology. The main disciplines present in 157 doctoral dissertations about tourism were found from a review by Jafari and Aaser (1988).
The government changes the framework of regulation from time to time, which influences the financial balance of the organisation. The business of an organisation affected effectively due to the changing attributes of the government policies. Taxation policies are the economic policy manages by the government, which greatly affects the business cost of the organisation. Tesco is operating its business operation globally. The environmental and political factors of European and UK governments influences the performance level Tesco.
This research was done to explain how local and national economic policies that influences the success of the travel and tourism sector. According to Abbas (2012), economic impacts are effects on the level of economic activity in a given area. It is also the changes of the economic activities that are associated with the industry, event or policy in an existing regional economy where the primary motivation is to promote that of the expected economic improvement. Research Findings The findings for how local and national economic policy influences the success of the travel and tourism sector are: 1. The national policies according to OECD (2011), must emphasize the regional economic dimension of tourism of the total impact of the national economy.
Research Paper On Case Analysis on Economy of Tourism Submitted to: Submitted by: Dr Dayanand Pandey Monty Singh SMBA14038 Contents • Objective of studies • Research methodology • Introduction to tourism • Study of global scenario(analysis of facts & figures) About various countries Revenue, GDP, per capita income. • Case analysis of Singapore • Introduction to