Asia Pacific Region : The Fastest Growing Economic Force Essay

In the local region, Qantas managed to outweigh its competitor by gaining a toll of 65% compared to its competitor. Evidently this shows Qantas is the number one preferred airlines compared to other competitor airlines like Virgin, Tiger Airways and Emirates airlines. However the situation is not the same in South East Asian region as Qantas only managed to obtain about 15% of market share compared to likes of Air Asia who leads the market share with 60% in this region. Conversely, this is not a concern for the airlines as the airlines managed to generate revenue of 5 billion dollars, with a predicted passenger growth of 4.9% which is equivalent to 2.9 billion passengers by 2034.

destinations they value most". This is the next step in strengthening our position in Asia,

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Asian is not stable as Europe trades for Commodities and they give Asia precious gems such as

The population of the Asia region of the world contributes a massive amount of exporting goods, and global business as a whole. The sheer number of people consuming goods that must be imported to support the large population force the need for trade with other regions. The demand for resources is high and the need to develop strong trade relations with other countries is vital to the continued growth and success of Asian countries.

Asia Pacific Economic Cooperation (APEC) is the pre-eminent economic rally in Australia’s region. APEC’s goal is to drive an extensive trade and investment liberalisation and facilitation agenda. It is focused on structural reform as a means of raising competitiveness and the efficiency of trade and investment flows. It has helped Australia with building and strengthening ties with other countries such as Brunei, Singapore, Philippines and other countries in the region. In 2009, 70% of Australia’s trade is with APEC countries.

The airline industry is greatly influenced by the the travel and tourism trends across the globe. The World Travel and Tourism Board states that the the level of tourism is likely to grow even as the years progress. The growth in the level of tourism is expected to grow at a level of 4.5 per cent annually. This is expected to continue upto 2017. Thus the organization should fully prepare it self and take over the tourism market.

of public passenger intercity travel. The outlook for the airline industry is good and continued growth is likely.

Airlines Industry is large and growing, it is also the most fiercely competitive sector. It facilitates international trade, world economy growth, tourism and international investment. The airline industry has over time with the use of modern technology been able to take advantage of the short haul, high frequency and gained a competitive advantage over other forms of travel, such as buses and railroad travel. Additionally, the airline industry still holds the market for global travel at a low cost and convenient way to travel. The aviation industry gives a good contribution to the GDP which includes the following: airline services, general aviation, civil airport operations, aircraft manufacturing, and

The hotels are preparing themselfes for that. Staff which speaks all kinds of languages, the guests can have food from their home country and they can even watch their favotite TV channels. The amount of international trips raised about 2%.

This is to certify that student of Third Year of Bachelors of Management studies: Div. A, Seat No. 000167, Mr. Dhruv Gupta, has successfully completed the project titled “A study on the change in demand for outbound travel due to the global recession, for residents

The Asean “Open Skies” agreement to be implemented by 2015 will allow us to increase the frequency and locations we fly to within Asean, we are well poised for these increases with the purchase of 48 new aircraft.

The World Travel Organization predicts that it will triple in size by the year 2020, becoming one of the largest industries in the world. This growth will provide many employment opportunities for people with the right qualifications.

The European Union (EU) and the Association of Southeast Asian Nations (ASEAN), as two of the most important regional organizations, have been interacting with each other on the economic, political and cultural levels for more than four decades. In the 21st century, Asia has become the most dynamic region in the global economy today. What is more, its regional security and stability has grabbed increasing global attention as well.

In Asia Pacific Economic Cooperation (APEC), is that the head gathering for making open doors for financial development, collaboration, exchange, and interest in the Asia-Pacific locale. APEC was built up in 1989 in light of the developing relationship of Asia-Pacific economies and the approach of provincial monetary coalitions. Establishing individuals incorporate Australia, Brunei, Canada, United States Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand.APEC works towards a higher expectation for everyday comforts and advanced education levels through manageable monetary development. Current patterns of monetary improvement have brought about noteworthy imbalances in the public eye and harms to environment. A large number of ecological issues, for example, environmental change and contamination, emerge from utilization and generation designs: high utilization of fossil energizes and assets, sustenance asset exhaustion, water lack, land occupation, and so on.