In 2012, Costco’s net income is $1.709 billion USD; then it is increased to $2.039 billion USD in 2013, $2.058 billion USD in 2014, and $2.377 billion USD in 2015. Overall, Costco’s net income increased by 39%, and these increases occurred through out the four fiscal years. This is a strong indication that Costco is becoming more profitable. Costco Wholesale Corporation has two parts of revenue, one is its sales of merchandises, and another one is the membership fee consumers has to pay in order to enjoy its service. During the 2015 fiscal year, Costco’s membership base grew by six percent and has more than 81 million members worldwide.
After the second World War, mass tourism increased substantially. Its first real boom, mainly experienced by the western countries, was related to the economic development of society and to the increase in number of tourism services and recreational opportunities. Throughout the years, tourism has impacted positively on the world economy and on the countries’ national balance of payments. As estimated in Francisco Vellas’ economic analysis, today world tourism represents over 45% of tourism 's total contribution to GDP (Vellas 6). In addition, the tourism industry accounts for the creation of new jobs, especially for young people.
In 2015, their purchasing power increased at an annual growth rate of 7,5% which was more than twice as fast as the growth for the overall American purchasing power. And these numbers are expected to grow as it is estimated that the purchasing power of Hispanics would represent nearly two trillion dollars by 2019. Hispanics are not only influencing the American economy with their purchasing power, today there are more than 4 million Hispanic owned businesses throughout the United States. According the Unites States Hispanic Chamber of Commerce, Hispanics entrepreneurs have been starting businesses at a pace 15 times the national average over the last decade and this despite the recession. Their businesses contributed over 600 billion dollars in revenue to the national economy in 2015.
According to LUKOIL estimates (2013), the global demand for liquid hydrocarbons will continue to grow by 1.2% on average annually and will reach 105 mb/d by 2025. The major market pressure in oil demand will come from the transportation sector, a sector where oil is the principal energy source (over 90%). The consumption of liquid hydrocarbons will be on the increase in developing countries due to the fact that the transportation industry is undergoing rapid growth. • Demographic factors The world’s population will continue to grow rapidly. Between 2010 and 2025 global population will grow by more than 1.1 billion people.
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.
Tourism has experienced continued extension and diversification, which was becoming one of the biggest and fastest growing economic sectors in the world. Moreover, world hospitality industry is reflecting the continued recovery in most parts of the world. Absolutely, in many countries, the recovery in hotel performance was better than that of the economy in the total. In South American where people are traveling to a particular place increased by 50 percent in terms of the number of journeys, which was more than double as much as the overall world increase. The portion of holidays increased from 60 percent in 2009 to almost 70 percent in 2013, with sun and beach holidays and journeys remaining the key types of holiday.
Economical Factors China is seen as one of the most energetic countries in the world when it comes to economic development. The new reforms in 1978 stimulated the Chinese GDP growth from 364 billion RMB to 63.6 trillion RMB within 30 years (chinability.com, 2015). China has persisted to be a primary beneficiary of the world’s destination of Foreign Direct Investment in the latest period. FDI reports 27% of the value added production, 4.1% of national tax revenue, and 58% of foreign trade (usi.edu, 2010). China was facing an economic growth and a huge development, even though the international financial crisis of 2008 left some marks on several aspects of China, above all the export-oriented light industry in southern China (chinapolitik.de, 2009).
Vietnam National University, Hanoi University of Languages and International Studies Faculty of Linguistics and Culture of English speaking countries Final paper VIETNAMESE PEOPLE LIVING IN THE US: STRAINS AND CONTRIBUTIONS Student: Tran Luu Ly Class: 13E16 Teacher: Nguyen Hai Ha With globalization resulting in the increased movement of people around the globe, immigration has become a significant matter in most developed countries. In the United States, Asian American immigrants, accounting for about 5.6% of the total population (2010), is also the fastest growing group in the States. Similar to other minorities, the flow of Vietnamese immigrants has been rising over the last century, and this group is said
The number of billionaires was doubling ostensibly in these countries, which promised the yacht, real estate, art or hotel sectors a brighter future than expected. As said by Jean-Noël Kapferer: “The sector’s growth being directly correlated with GDP growth, its future presumably lies in China, vast reservoir of new potential customers. India, which has been waiting for years, still lingers to develop in this market, lack of infrastructure. Russia is in economic decline, which forces sacrifices on these consumptions that can be carried forward or reduced in costs. Africa now seems promising new markets.
Drawn to Crofton’s abundance of local businesses and strong economy, the population of Crofton has grown every year. With a current population of 27,348 in the 2010 census, the population of Crofton increased by 36.12% since 2000 (USA). This is 4 times the national average of 9.71%. The population density of Crofton is 4,247, as compared to the national average of 88 (“Best Places: Crofton, Maryland”). With the rise in population, there has also been a growth of construction of various forms of infrastructure.