Economic impact of Notting Hill Carnival Tutor: Dr. Debbie Sadd Student: Yu-Ting Chen (44459459) Unit: Event Principles and Practice Word Count: 2,096 words Table of Contents Table of contents………………………………………………………………………….2 Abstract…………………………………………………………………………………….3 1. Introduction……………………………………………………………………………..3 2. Economic impact……………………………………………………………………….4 2.1 Definition of economic impact……………………………………………….4 2.2 The reason why economic impact is chosen………………………………4 2.3 Positive and negative economic impacts…………………………………...6 3. Impact of employment…………………………………………………………………..7 4. Impact of business opportunities………………………………………………………7 5. Impact
Executive Summary Tourism is one of the most exciting and progressive industries in the world. Tourism today is a leisure activity of the masses. People travel to international destinations to break the regular monotony of life. They are mainly attracted by either the scenic beauty of its nature or by fascinating leisure, sports and adventure activities offered by the destination. However, every destination has some internal strengths and weaknesses that either enhance its capacity to attract foreign visitors or diminish it. Similarly the external environment can create various opportunities or exposed to threats as well.
Over the last 60 years, tourism has benefited from continuous growth and diversification, becoming one of the largest as well as the fastest growing world’s economic sectors. Tourism becomes one of the major categories of global trade in services. Nowadays, 7% of global goods and services exports are contributed by international tourism, and for the last four years, it has grown faster than the general global trade.[ Exports from international tourism rise 4% in 2015, (2016, May 6). Retrieved from http://media.unwto.org/press-release/2016-05-03/exports-international-tourism-rise-4-2015]
Social effects of tourism have an impact on the society of a certain area and focuses on their wellbeing. We live in a world where people must be able to keep with the modern world in order to survive and obtain an income, forcing a loss in certain traditions and culture. But tourism encourages people in rural areas to keep their traditions and embrace their culture. For example, the arts and crafts made by the Ndebele tribe in South Africa as a symbol of their culture can be sold to tourists.
Term paper On Tourism in Bangladesh On ENG 101 Submitted to Farhana Zareen Bashar Lecturer Dept. of English East West University Submitted by Name:Marufa khan ID :2009-3-10-043 DEPT:BBA Submission Date: East University West Introduction Tourism is often synonymous to traveling for pleasure and education. It is also a business of attracting tourists and providing for their accommodation and entertainment. In many countries, tourism is an industry for earning Inland Revenue and foreign exchange. The many businesses that grow concomitantly with development of tourism include airlines, shipping, hotels and restaurants, finance companies, tour operators, travel agents, car rental firms, caterers and retail establishments and together,
When you are on a vacation, remember to relax and do the things that you enjoy. But take your time to create new experiences and explore your destination with an open mind. It’ll guarantee a better holiday experience and a culturally rich
Tourism & Hospitality : An Emerging Industry of Indian Service Economy ABSTRACT The Indian tourism & hospitality industry has appeared as one of the significant drivers of growth among the various services sector of India. Tourism & Hospitality in India is a potential game changer .It is an emerging
UNIT 37: THE TRAVEL AND TOURISM SECTOR Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand the history and structure of the travel and tourism sector History: pilgrimages, the grand tours, post industrial revolution, post war, current; factors facilitating growth eg technology, time, money, freedom of movement, infrastructure, social conditions; possible future developments eg sustainability Travel and tourism sector: travel services; tourism services; conferences and events; visitor attractions; accommodation services; passenger transport; relationships and links, levels of integration; Liepers tourist system, chain of distribution; private, public and voluntary sectors
However, Turkey relies heavily on capital inflows as one of the factors limiting the Turkish economy, even though Turkey has strong domestic consumption. Turkey’s key industries are hospitality and tourism industry, a growing number of factories is invested by multinational companies in Turkey (Abylkassymova 2011:13), automotive production probably surpass tourism and is becoming the largest cluster in Turkey (ibid:13). In addition, there are
Although tourism is the most liberalised sector under the GATS, especially on the mode 3 (commercial presence), there is astonishingly little empirical study on the impact of FDI on tourism. Dwyer and Forsyth (1994) argued that the analysis of FDI impacts on tourism has been ignored and has enticed less
Social impact of the tourism industry The social impact of tourism in Malaysia is indelible and will sustain a world record in the nearest future. In a country with a diverse nationality, diverse race, culture and religion, it has proven to me that understanding, tolerance and acceptance are part of the key values that is keeping Malaysia at the top among the top tourist destination countries in the world today. The masterminds behind the success of the tourism sector and
Contemprary Issues in Tourism Student Led Assisment Impacts of the Arab Spring on tourism in the Arab wolrd and specifically Egypt Ali Ali 000606259 Contents Page Introduction 4 What is the Arab Spring? 4 What Countries did it affect? 4 Tourism in Egypt 5 Revolution impacts on Egypt’s tourism 6 Post Revolution 7 Conclusion 7 References 8 Introduction This report will briefly raise awareness of what the Arab Spring therefore to be able to have a much better understanding on how it affected tourism and still has a big effect. A country’s tourism can also be affected by neighbor countries contemporary issues, so it is essential to be aware of what
Turkey Introduction Why Study Turkey? Turkey is a very interesting country to study. Turkey dates back to the beginnings of civilization and has been imprinted on by many historical conflicts. In its long existence, it has been occupied by numerous empires, like the Byzantine Empire and the Ottoman Empire, which helped shape the regions values and structure to what it is today. The crucial changing point for the country was when it received its independence, or sovereignty, from Russian, Italian, and French occupation. In 1923, lead by Mustafa Kemal, the turkish people, through the nationalist movement, gained independence by not allowing the remnants of the Ottoman Empire after their defat in World War I to let the Allies split up the
The Negative and Positive Effects of Tourism Submitted by Arianne Smith DeVry University Tourism Management, Warren John Fall 2011 Abstract The current research paper covers the main effects of global tourism, both positive and negative. International tourism is a significant sector of business. For some countries it is one of the main sources of national income. The most important positive economic effects of tourism are as follows: increase in budget revenues, production expansion, stimulation of investments, and improvement in the population’s welfare. Tourism influences social and cultural lives of people in a positive way by stimulating the development and revival of local cultures and encouraging intercultural exchange.
Most countries in the world rely on tourism to help their economy. The tourism sector is expanding at a fast pace, which results in creating more job opportunities, monetary improvement, external transaction and foreign investment. “When there is large contrast between the culture of the receiving society and the origin culture, then it is likely that the impacts will be greatest’’. (Burns and Holden, 1995). The socio-cultural impacts of tourism are the effects on regional society of having direct and indirect relations with the tourist and its management. There is a variation that occur in the structure of society, expression & style, custom and ethics, heritage; as a visitor takes back some of the new habits, a way of life when they