Gold and Silver Souk very well known and the most famous among other markets. Substantial sum of proceeds are contributed to retail commerce through tourists. Oman has many shopping centers therefore it was of a definite need to know and learn the impact of tourism on retail shopping in Oman. The shopping experience is more important in Oman malls as these attract shoppers from various socio-economic strata who have their own expected standards of service and experience as compared to the shoppers who visit malls in many developing countries. In shopping centers, it is an added shopping experience that is actually made by aligning their management philosophy and practices perfectly with the expectations of
Furthermore, researchers found that customers visit malls for several reasons besides buying products; they see this shopping experience as an entertainment activity that brings fun and pleasure and for eating out (Kim et al, 2011). Recommendations for mall developers include providing sufficient eating out options to meet different customers' expectations (Makgopa, 2016). With the observable upturn in the income of the people in the region, expenditure on commodities has risen dramatically in the past few decades. Lifestyle changes have also donated to the attractiveness of fast food. Saudi Arabia, for example, is expected to develop into 4.5 billion-market for fast food brands.
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
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.
Customer competence in the market can be considered as a key resource which helps the industry to attain this. (Ku, Yang and Huang, 2013) The operating method of a travel agencies are influenced heavily by innovation facility resources by the travel agencies, this can be explained with an example of a manager of a travel agents implements new idea in there operational structure to reduce cost without destroying customer satisfaction. (ibid) Also the new trend which is flowed by the travel agents are database marketing. It is generally building up information or data of customer so that they can communicate to their target audience more precisely(Oppermann,
Economic increase Tourism has been a source of social-economic change in Indonesia. According to the World Tourism Organization (2009), tourism is one of the world’s fastest growing industries and is one of the global engines of development. The tourism industry is an important economic activity involving different groups of community. Kim (2002) emphasizes that material well-being: the satisfaction of material well-being can be shared in the form of cost of living and income and employment. In the article “Bali Daily (2014)”, Bali (Denpasar)’s economy grew at 5.75 percent during the first half of 2014, surpassing national economic growth of 5.17 percent in the same period.
In Dubai, a large percentage of economy comes from tourists . Dubai has both modern and old-style buildings which fascinate tourists. Some of the top tourists attractions in Dubai are Burj Khalifa, the tallest building in world, and Palm Jumeirah. Recently Dubai has been known as the ‘’ shopping capital of the middle east ‘’ due to the large number of shopping centers that they have various types of high quality goods, and the prices are reasonable. Global Village which is one of the famous shopping and entertainment destinations in Dubai, offers people the opportunity to become familiar with other countries’ cultures, and different
Tourism in the Modern World Nowadays, different stakeholders acknowledge tourism as one of the largest world industry, which is expanding day in day out. According to Inkson & Minnaert (2018), tourism refers to excursions/tours that involve individuals in traveling from their places of work or residence for leisure, vacation, pleasure, recreation, among other purposes. People have different reactions concerning tourism, as it generates some significant portion of national income for most of the nations, but at the same time, comes with various drawbacks that affect the normal functioning of different states. Therefore, the essay discusses the benefits and disadvantages associated with tourism, and provide a logical position/conclusion regarding the topic. One of the primary advantages of tourism is boosting the country’s economy, as it acts as a source of income (Paramati, Alam & Chen, 2017).
Introduction The Collins dictionary referees to tourism as “the people, activities, and organizations involved in providing services for people on holiday, for example hotels, restaurants, and tour guides” This industry is one of the fastest growing and farthest reaching industries globally. This is thanks to our advancement in technology as it has given people the power to advertise and market their country. There are many kinds of tourism which are; outbound tourism, inbound tourism, and domestic tourism. Outbound tourism: this type of tourism is the most common and the one that everyone knows. This involves the individual to leave their home country and go to other countries, provinces or territories.
Importance of technology for tourism industry In the essay the author will see the impact of technology on tourism industry. The owners and managers of tourism destinations are continuously doing new technological innovations to attract the new customers. Technological has a positive impact on the business in this era of globalization. The materials used in this document will be secondary data. The secondary data consists of journal articles, webpages, previous research, presentations etc.