CHINA : A TOURISM INDUSTRY COMPARISON INDIAN TOURISM The Indian tourism industry is economically important and is growing rapidly. The tourism generated in 2012 was INR6.4 trillion i.e 6.6% of the nation's GDP calculated by The World Travel & Tourism Council, supporting 39.5 million jobs, 7.7% of its total employment. The predicted growth of the sector is at an average annual rate of 7.9% from 2013 to 2023, giving India third rank among countries with the fastest growing tourism industries in the
2.3 The travel trends of global tourism The world is getting even more connected year by year. Cheap flights provided by low-cost carriers make weekend breaks in foreign destinations easier than ever, and smart translation apps, map apps, and international hotel booking web pages are eliminating language barriers. We could also see an increase in international business travel due to globalization and an increase in multinational organizations. Some people are easy to be tired of the city which they
assessing the country’s tourism potential as a sustainable development tool to fuel the economic and social growth. Travel and tourism 's effect on the financial and social advancement of a nation can be huge; paving the way for business and trade, creating an abundance of opportunities for employments and entrepreneurship. Tourism is a window to showcase one’s culture to the world while preserving its heritage. Globally, tourism has flourished into one of the fastest growing industry, securing fourth place
estimated to grow at the rate of 5.5% during the 2014 and is projected to grow at the rate of 6.3% during the year 2015 by the Asian Development Bank (ADB). The growing economy and stable government would present numerous opportunities for Entrepreneurs to start and grow a successful business. The global and Indian telecommunication industry will present numerous business opportunities in the year 2015. India’s metros are set to transition from 3G networks to 4G network, while many of the 2nd and
INTRODUCTION Tourism is the fastest growing industry and the fastest growing of it is ecotourism. According to the world travel and tourism council, tourism is the world’s largest industry generating 12% of the global gross domestic product. It has been trying to determine tourism due to amorphous nature of the activity and because some business travelers and convection goers can join conferences and tourism class activities. Some scholars have tried to explain tourism although their interpretations
suppliers of aircrafts, fuel, and aircraft maintenance services. Opportunities The tourism industry in Asia-pacific region is expected to expand due to the fast economic growth, and the implementation of the intra-regional policies in tourism development. Currently the intra-regional traffic constitutes around 78% of Asian tourism, with budget airlines account for 24.9% of Asia’s total passenger traffic. The Hong Kong Tourism Board will invest around HKD30 million in opening up new visitor sources in five
SETTING Introduction The tourism industry is one of the biggest income-generating industries in the world – the Philippines is one of the many countries where tourism is considered to be one of the fastest growing industry. One of the key factors behind a blooming tourism industry is the hotel or hospitality industry. (Asian Development Bank, 2013) Filipinos are commonly known to be one of the most hospitable people all around the world – that is why the hotel or hospitality industry of the Philippines
The hospitality industry has many sectors within this one industry that include lodging, tourisn, event planning, food and beverage, and cruise ships. It is an industry that is comprised of customer service (Reynolds, 2015). The hospitality industry provides services to travelers while they are away from home. This industry is a billion dollar industry that relies on the traveler and the money they spend while away from home. According to the definintion on dictionary.com, hospitality is defined
The Hong Kong Polytechnic University MSc Marketing Management MM579 International Marketing Group Project Hong Kong Airlines – Expansion to India as a Low-cost Carrier Group Members: CHAN Ho Yan Anna (12016408g) CHAN Ling Yin Minty (12016376g) CHAN Tsz Ho Will (12017495g) LAM Yiu Hang Eric (12017557g) SUN Tsz Han Candy (12024075g) Table of Content 1. Introduction 3 2. Current Marketing Mix 4 3. Current Marketing Strategy 6 4. SWOT Analysis 9 5. Expansion
Given that a number of developing countries now depend heavily on revenues from tourism it is surprising that they have given relatively little attention to the implication of current global economic trends and transformation on the pattern f tourism flow, especially given the extent to which they have already been affected by some of the dramatic changes in the global economic over the last two decades. The impacts