Franchising is a major expansion strategy for hospitality firms into a global market, especially hotels and restaurants to name a few Marriott 's, Hyatt, Hilton Accor, IHG, McDonalds, KFC are a very few examples. Franchise play a very important role in tourism industry. In global markets franchising add value to the chain by enhancing and understanding the local values culture and customs. Franchising is one of the two main types of operations of which the other one owning. Franchising provides restaurants
GLOBAL TOURISM AND HOSPITALITY INDUSTRY Tourism and Hospitality is one of the world’s fastest growing industries and the main source of foreign exchange earnings. It’s an important part of the most developing country’s economy. The global hospitality and tourism is including lodging, attractive places, cultural activities, travel and tour, food and beverage. And it is always the best industry to earn a biggest income for the investors. It has been creating 212 million jobs. And the official
Introduction Tourism is a major source of income to many countries, and affects the economy of both the source and host countries. The tourism industry of India is economically important and is growing rapidly. Potential for travel industry in India is enormous. India, a tourism hotspot in the world, has a substantial number of visitor attractions to boast of. Its widespread diversity has always attracted both foreigners as well as its own citizens alike, to explore its mirth and gaiety that it has
tourists. It can be improve Malaysia’s tourism industry too. First of all, Malaysia’s tourism industry need to be innovative for the tourism products. It should create different tourism products based on attractions and strong fundamentals of Malaysia such as food tourism or make some changes for the current newer tourism products such as eco-tourism, try to make foreign tourists feel fresh when they are travelling in Malaysia. Malaysia can strongly promote newer tourism products in overseas or local area
service industry, including tourism where internet has steadily gained popularity during the past two decades (Buhalis and Law, 2008). Furthermore, the perspectives of e-business from the supply chain management (SCM) point of view are in attention. In the past, researches about SCM were mainly in international transportation and trading which pointed out to tangible goods. There were few researches about service business. Thus this research will pick up one of service businesses, tourism industry;
CHAPTER 1 INTRODUCTION 1.0 Introduction to Tourism industry in Malaysia. Tourism as an economic sector has come to be consolidated in the middle of the 20th Century (Maximiliano E. Korstanje 2014). Tourism in Malaysia have a potential for long term growth with support from the government to growing markets in the Asia Pacific, all leading toward increases in domestic, inbound and outbound travel. With a strong domestic economy we expect to see positive growth across all key market indicators.
Tourism is seen as one of the main industries in the world. "The World Travel and Tourism Council (2001) indicated that tourism creates more than ten percent of the global economic output and 1 in 10 jobs worldwide". "Tourism starts with the wealthy, with images of prestigious visits to seaside resorts and spas, Grand Tours and the activities of business enterprisers such as Thomas Cook" (Towner, 1995). In ancient times and approximately till the end of the 16th century people were living in agricultural
the Problem This research paper discusses the availability of tourism job opportunities in the Philippines in the future. Given interesting and rewarding careers in the industries many students are looking for courses which will help prepare them for jobs in management within the tourism and hospitality industries in the future. “The hospitality and tourism industry offers opportunity for students seeking careers in tourism industry in the future. If this possesses strong communication skills and
Tanzania’s Tourism industry is one of the major sources of income and economic development. According to Welford, Ytterhus and Eligh, (1999), tourism industry is an important source of income for many countries. However, Goodwin, (2006) identified that the net foreign exchange earnings from the industry are far less than the gross receipts. Tanzania being one of the least developed countries (LDCs) it regards tourism as an important economic growth driver because of its contributions in the areas
thinking has become obsolete. The hospitality industry has come to adopt that the customer comes first. That is why in terms of developing the hospitality product, the industry has been built to cater to the needs and wants of the customer. Tourism is considered as one of the main trade and industry activities in the world that contributes to economic, cultural and political advancement of various regions (Krippendorf, 1989). In connection, tourism has one principle sub-part called hotel business