President Rafael Correa quadrupled the budget from US$40 million to the US$150 million per year which it currently is in 2017. Across the country over 30 touristic projects are in development, representing around US$1.6 billion in investments since 2013 from local and foreign funding. The public policy towards tourism is based on five core values: Safety, Quality, Destinations and Products, Connectivity and Promotion. Domestic financing has been the main aid in positive development but a substantial amount of foreign investment has contributed. The successful “Invest Ecuador Tourism” campaign helped immensely in attracting investment from abroad.
Does the acquisition make strategic and financial sense? Provide a concise explanation in support of your assessment. (250 words max) Ans 2) Microsoft must have valued LinkedIn over $26 billion. This is more than 8 times the LinkedIn revenue of last 12 months ( $3.2 billion).The ratio is ~5 times Trailing twelve months for public companies on market places shows that price paid/valued by Microsoft is premium. However it is important to note that this is the best time for Microsoft to purchase LinkedIn (as the market cap is 60% of what it was compared to last year and it reached lowest in February 2016).There are half a billion users whose professional data and behavior is up for sale and Microsoft gets it in the right time.
Generates £76,000 of gross value added in the real estate sector and the wholesale and retail sector gains £86,000. Travel and tourism supports 18 jobs, compared to 13 jobs in the financial sector, 12 jobs in the communications sector, and 11 jobs in automotive manufacturing. Travel and tourism’s total contribution to GDP in the UK was £101 billion in 2011, there was 6.7 percent of total GDP. This compares with 8.3 percent for other jobs There were more than 2.3 million indirect, direct, and induced sustained jobs in the UK. Travel and tourism directly supports many jobs as the financial service sector in the UK.