The tourism industry contributes significantly to the worldwide economy, employing 200 million people and representing 10% of global GDP (Socci, 2016). International tourism is defined as a person or group of people temporarily visiting a foreign country and the activities they partake in while abroad (Filiposki, 2014). Socci expands on the definition by identifying ten primary sub-industries that combine to form a more aptly named tourism “cluster.” These sub-industries include: accommodation services; hotel and restaurant; food and beverage; land transport; water transport; rail transport; air transport; supporting transportation services; recreational, cultural, and sporting services; and retail and country-specific tourism (2016). In 2014, foreign tourism generated $1409 billion, which was 30% of global service exports (Filiposki, 2014). It is important to note that economic statistics of international tourism are difficult to measure with complete certainty, as it is challenging to distinguish whether revenue is generated from incoming tourists or citizens of a designated country.
1.3 HISTORY, GROWTH OF RETAIL INDUSTRY & GLOBAL RETAIL SCENARIO: Global Retail Scenario It is no secret that Retail has a huge role to play in the global economy. That’s why it is not surprising that in developed countries retailing is one of the most important industries. In developed economies, modern retail or organized retail has a 75-80% share in total retail as compared with developing economies. Table: 1.1 Top 10 global retailers by revenue Retail Revenue Rank Name of the company Country of origin 2012 retail revenue (US $ mn) 2012 parent company/ group revenue (US $ mn) 2012 parent company/ group net income (US $ mn) No. of countries of operation 2007-2012 Retail revenue CAGR 01 Wal-Mart store U.S. 469,162 469,162 17,756 28 4.4 % 02 Tesco U.K. 101,269 102,889 190 13 6.2% 03 Costco Wholesale Corporation U.S. 99,137 99,137 1767 9 9.0% 04
With a yearly benefit level higher than GM, Passage and Chrysler together, Toyota is an extraordinary benefit generator. Amid the 2006/2007 financial year benefit became by 19.8 percent and came to 100 billion SEK. Its return on resources is pretty nearly 8 times higher than the business normal and the organization has made a benefit the last 60 continuous years. Toyota is an in number or even prevailing player in every portion from economy to extravagance and vehicles to pickup trucks. In 2008, Toyota turned into the greatest auto producer on the planet and it is quickly assembling new generation limit around the world.
Cruise tourism is one of the largest components in tourism industry and also one of the fastest growing industry in the world. It has generating revenue and creating job opportunities in many country. The growth rate of cruise tourism has been almost twice the average rate of traditional land-based tourism. Cruise tourism has provide few real jobs and business opportunities for local resident. The impact of cruise tourism on a location are not only positive but also has its negative.
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.
Outsourcing in Logistics. The global use and importance of logistics outsourcing has increased dramatically in recent decades and will continue to do so. Indeed, a recent study shows that of the total logistics costs in 2005, 57% in Western Europe and 44% in the US headed for logistics outsourcing. For these data, we expect to see growth rates of 18% in Western Europe and 16% in the US in the near future (2008-2010). Similarly, the utilization rates for logistics outsourcing services in the United States has increased from about 40 per cent of Fortune 500 companies in the early 1990s to around 80% in 2004.
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.
The industry of Singapore has provided over 180,000 job opportunities which is occupied 9% of the labour force. Port of Singapore is the world's second-busiest port and more than a fifth of the world's trans-shipping containers go through it. It attracts 140,000 vessel on average annually On the other hand, Port of Singapore involves cruise ships section. It also brings huge sum contribution per year and promotes local tourism. For the future requirement of logistics, Government has been announced the planning of airport and seaport expansion in 2013 that will create more job
In 2012, the production of urea and phenol-formaldehyde resins was the major application area of Formaldehyde, accounting for over half of the world’s total Formaldehyde consumption. China is the largest producer of this chemical accounting for almost 50% of its global output. USA and Russia are ranked second and third in terms of Formaldehyde production. 1 According to Merchant Research and Consulting Ltd Annual Revenue generated by Formaldehyde: In 2012, the revenue generated by the global Formaldehyde market was about 11 Billion USD and is expected to reach 18.4 Billion USD by the end of 2018. Growth in Furniture and Construction industry are said to be a major boost for the Formaldehyde market.
This sector is massive in Germany and very important it employs over 930,000 people. The Federal Association of the German tourism Industry is the head office for tourism in Germany, this is also known as the BTW. The germans love to travel, mobility and travel are massive to them. There are around 150 million business travels registered each year in Germany. The tourism sector is one of Germany’s largest employment sector it employs around 2.9 million people in the industry.