In particular, one of the Entry Point Project targets the improvement of the rate, mix and quality of hotels in Malaysia. This can be achieved by increasing the number of 4-star and 5-star hotels in Malaysia, which is in line with Malaysia’s focus on targeting high-yield tourists. Indirectly, the international arrivals are also increasing by each year from 2010 to 2016 but in the year 2015, the sector dropped because of the flash flood issues in several parts of Malaysia and also the increase in tourism competitiveness of other regional countries such as Japan and South Korea. Domestic tourism is also an important component of Malaysia tourism with nearly 90% of the domestic trips meant for leisure purposes. The top four destinations for domestic travelers are the states of Pahang, Kuala Lumpur, Sarawak and Sabah.
LITERATURE REVIEW In the 20th century Original Equipment manufacturers focused on similarities of consumers, and in 21st century it focuses on understanding differences among consumers. India's fast-paced economic growth has helped companies to find growth opportunities in this sector. PricewaterhouseCoopers (PwC) forecasts India market performance in last decade was underpinned by natural demand driven by the country’s economic performance, low levels of vehicle ownership and rising middle class. Low economic growth; along with rising petrol prices and elevated interest rates created strong changes in the Indian vehicle market, and instability in petrol and diesel prices added to uncertainty in the sector. Insightful understanding of the competitive environment is a critical ingredient of a successful strategy.
One of the western culture influence China’s culture by foreign direct investment helps the economy grow. The reason investors’ fascinated with the investment opportunities and the development of domestic market has been driving by the foreign direct investment (FDI). According to the Ministry of Commerce he state that China is a country playing vital role in export and import in the Worldwide by increasing 4.9 percent from the previous year to $8.8 billion, in September 2013. Investment from the United States and the European Union carry on rising with an 18 percent and 4 percent barrier, correspondingly, beyond the eight-month period whereas U.S. direct investment computed $2.5 billion in place of August 2013 and EU ranks achieve $5.4 billion. Another point is food and beverage scene and changing diets.
With the travel / tourism and finance also showing great potential for international franchising. (ITA Franchising Top Markets Report, 2016) 3.0 Contribution of Franchising Franchising as a business model has been predominant in India for a long time this is due to shifting consumer trends towards branded products; global exposure and the use of international brands has actively contributed to the growth in franchising A current report from KPMG and Franchise Association of India (FAI) indicates that, India’s franchise economy has the potential to grow from its current $13.4 billion to $51 billion in 2017 and 4% in the country’s GDP. (ITA Franchising Top Markets Report, 2016) A report by the franchising association India probes on the fact that franchising contributes to the economic growth of the nation in divers ways such as, access to necessary goods and services and expansion of a country's tax base. In the case of India franchising has been growing at a remarkable rate since 2008, as risk-averse Indian entrepreneurs deem it to be the most viable option to tapping the nation's vast consumer
India has significant potential become a preferred tourist destination globally. Its rich and diverse cultural heritage, abundant natural resources and biodiversity provides numerous tourist attractions. The total tourist visits in India have been growing at a steady rate of about 16 per cent over the past five years. The travel and tourism sector in India provides significant socio economic benefits. While the direct contribution to GDP is estimated at Rs.
Though the exports of footwear sector are slow for India, but they are seeing a constant rise since the last four decades. During the financial year 2011-12, the footwear industry of India valued at US$ 2077.27 contributing a major share in the country’s GDP. The footwear sector of India holds a very strong future and is expected to be one of India’s strongest links, both domestically and export wise. The support of government to enhance this sector, seeing the bright prospects insures a lot of confidence in the manufacturers and the retailers. This industry is poised for steady growth and studying and understanding the consumer patterns and the fashion involvement in the footwear industry is thereby important.
The focus then moves towards discussing the profits model adopted by majority of the players in this segment INDIAN EVENT MANAGEMENT INDUSTRY The event industry is one the fastest growing industry in India. Event industry in India is targeted to grow by 25% annually and is expected to reach $967. The event industry is expected to reach $768 million mark by 2014-15. Management fees of 17.65% service earned by its clients, the clients are also charged an additional 12.36% service tax on total billing amount. QUALITATIVE RESEARCH Objective / purpose • To acquire the knowledge of reasons and motivations • To provide insights into the setting of a problem, generate ideas or hypotheses for later quantitative
Isn’t it phenomenal, the first nine months of 2016 witnessed 956 million international tourists travelling to different parts of the world? Tourism is one of the largest and dynamically developing sectors of external economic activities. Its high growth and development rates, considerable volumes of foreign currency inflows, infrastructure development actively affect various sectors of the economy, which positively contributes to social and economic development of the country on a whole. According to world tourism organization (WTO), tourism is defined as the activities of persons travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure, business and other purposes. According to the world tourism and travel council (WTTC), it is the world’s stable and fastest growing multimillion-dollar industry that will continue to grow at an average annual rate of 4%.
The three factors provide an effective and efficient payment and borrowing system which helps the Indian society to change from savers to the investors which leads to show a growth in countries economy. The Non-banking financial sectors shows a notable growth in the economy by two decades, in that periods the providing a sets of successful services which leads to the growth. The economy needed both investors and savers where the Indian society has only less number of investors before the successful decades. Recently NBFCS developed to providing services similar to banks by the latest reforms by Reserve bank of India, There are several factors which lead in the growth of NBFCs in India. They provide loans and advances services to clients, helping in investing activities of customers by advices and act as hire purchaser to its customers.
The World Travel & Tourism Council figured that tourism created 6.4 trillion or 6.6% of the country 's GDP in 2012. It bolstered 39.5 million occupations, 7.7% of its aggregate employment. The area is anticipated to develop at a normal yearly rate of 7.9% till 2023 making India the third quickest developing tourism destination throughout the following decade. India has an extensive restorative tourism part which is relied upon to develop at an expected rate of 30% every year to reach about ₹95 billion by