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Suitable International Markets

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Profile international markets

Part A: Identify suitable international markets
This part of the project requires you to select at least 2 potential international markets for investigation for TTNQ.
1. Identify at least 5 key information sources that can assist you to identify suitable international markets.
Write down the web site reference of each of these reference sources and summarise the information that the web site provides that will assist you to identify international markets for TTNQ.

 Academics:National Geographic Atlas of the World, Eighth Edition. Introduction of all the travelling sports and tourism activities within all over of south korea.

 Chambers of commerce: AustCham Korea. An organization who acts as a role of establishing …show more content…

(http://www.tradingeconomics.com/thailand/indicators)
 Tourism trend within selected country 1 South Korea: there are positive trends within South Korea tourism industry. The main competition areas lie in business operating overheads, high costs of tourists carrying, unstable petrol costs and high labor costs from the international competitors.
 Tourism trend within selected country 2 Thailand: even if with the political instability within Thailand, the Thai locals manage to do well within their tourist industry. This includes both inbound and outbound travelling and the main sources of tourists for both inbound and outbound tourists are from those ASEAN countries such as Malaysia, Singapore, Hongkong and Indonesia etc. due to the new entrant of low cost carrier such as Thai Lion Air, more frequent and regular travelling will help to bring international and domestic tourists in and out of Thailand. The growing trends and prospects for Thailand travelling industry is very good and …show more content…

Travel distances: both 2 countries are geographically close to Australia. In fact Australia is the country geographically located close to Asian countries. Therefore the travelling and visiting distances and time will be much shorter than from Asian countries to European countries. This can help save tourists a lot of time and money.

f) Any legal considerations:
 Privacy legislation: when promoting within these 2 countries, northern queensland government need to consider the local residents’ private information such as collecting, using, processing, editing and releasing their personal information in relation to the promotional activities.
 Health records legislation: northern Queensland government needs to promote to the local residents who willing to travel to Australia that any Tuberculosis and hepatitis need to be cleared before they travel to Australia. This is in accordance with the local health and custom regulations.
 Equal employment opportunities: all the current and potential staffs, as long as they are competent for the job and skill requirements, they should be treated and promoted equally no matter of their religions, ethics, cultural, gender and disabilities,

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