StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Recession & tourism industry in London during 2007-2010 - Dissertation Example

Comments (0) Cite this document
Summary
Institution Recession & tourism industry in London during 2007-2010 Business Instructor Date Abstract All industries are dependent upon one another, to make up a complete economic unit in a country. This means that negative development in a given industry impacts negatively on other industries and eventually undermines the entire economy…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Recession & tourism industry in London during 2007-2010
Read TextPreview

Extract of sample "Recession & tourism industry in London during 2007-2010"

Download file to see previous pages The tourism industry in London serves as the epitome of how the recession greatly ravaged several industries, given that it is considered as specialising in the provision of services that are secondary to human needs. However, the gravity of the matter herein is that this development does not auger well for the entire economy, since tourism provides important socio-cultural, economic and political values to any given economy. It is for this reason that studying the impact of the 2007-2010 global financial recession on tourism becomes needful. Introduction That financial vibrancy of an economy affects different industries therein is a matter that is beyond gainsay. This is so since austere economic constraints compel people to seek more economically viable alternatives. This is particularly the case when the industries involved are seen to be peripheral to human needs. Specifically, recreational and tourism industry are very vulnerable to financial meltdown that may take place at either the national or global level. This is because tourism is considered marginal to values that are sacrosanct to the sustenance of human life. Man eventually prioritises his needs during the times of financial recession as a way of eradicating unnecessary expenditure, so that he can eventually keep afloat. This is to say that the global financial recession of 2007-2010 affected the tourism industry in sundry ways that can be seen in the discussion that ensues forthwith. Part 1: Purpose of the Research The research topic of this research is determining the different ways in which the global financial recession of 2007-2010 affected the tourism industry. This is not to mean that the essence of the research is mainly limited to the chronological time frame of 2007-2010. On the contrary, by looking at the effects of the 2007-2010 global financial recession, one can determine the manner in which the variable which is economic recession can affect tourism and recreational industry. The import of this above is that the main objective of this study is to determine the manner in which the global financial recession of 2007-2010 affected the tourism industry, so as to bring about a myriad of corrective measures and policies that can keep tourism afloat, even in the face of serious financial challenges. In turn, the need to keep tourism vibrant perennially is underscored by the socio-cultural, economic and political values that it (tourism) endows a nation with. No sooner than an economy downplay the importance of tourism than for its foreign policy begin to lose effectiveness and efficiency. The setting of this research undertaking comes against the backdrop of 2 years that succeed the 2007-2010 global financial recession. The 2 years which succeed 2007-2010 the global financial recession are significant in this research, given that it allows for adequate observations and rumination over the dynamics that the 2007-2010 global financial recession may have acted upon the tourism industry. This ensures that information that shall have been gathered on this matter will be as comprehensive as is needed in scholarly discourse. The need for a comprehensive discourse is underscored by the dictates of objectivity in academics. It is only by being objective that one will be able to see the relevance of 2007-2010 global ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Recession & tourism industry in London during 2007-2010 Dissertation”, n.d.)
Retrieved de https://studentshare.org/biology/1402871-how-recession-affected-tourism-industry-in-london
(Recession & Tourism Industry in London During 2007-2010 Dissertation)
https://studentshare.org/biology/1402871-how-recession-affected-tourism-industry-in-london.
“Recession & Tourism Industry in London During 2007-2010 Dissertation”, n.d. https://studentshare.org/biology/1402871-how-recession-affected-tourism-industry-in-london.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Recession & tourism industry in London during 2007-2010

Women's Suffrage Exhibition, London, 2010

...: The purpose of this paper is present a report on women’s suffrage exhibition held in the Women’s Library, London, from May to September, 2010. Commissioning for the Exhibition by Olivia Plender and Hester Reeve The artists Olivia Plender and Hester Reeve used a range of items from the Women’s Library archives including “magazines, reports, photographs and posters” (The Commissions, 2010). Additionally, using photography and video, the artists display other significant moments of the suffragettes’ revolt as well as their connection with violence. Plender and Reeve focused mainly on work related to the suffragette movements of the 1800s and the 1900s (Jones, 2010)....
16 Pages(4000 words)Dissertation

Sustainable and ethical tourism

...of code of ethics. By working honestly and showing dedication to the cause of nurturing tourism industry by conserving natural habitats, eco systems and organisms, sustainability to the tourism industry can be ensured and guaranteed. References Adam Singleton (2010) Turkish Delights: Take a Holiday of a Lifetime in Turkey, [internet] http://www.turgutkoy.net/turkey_turkish_delights.shtml [Accessed 22 November 2011] Alison Gardner (2011), Snapshots of Turkey, [internet] http://www.travelwithachallenge.com/Turkey.htm [Accessed 22 November 2011] Assael H (1998) Consumer Behavior and Marketing Action. 6th Sub ed. South-Western Pub Butler, R. and Hinch, T....
12 Pages(3000 words)Essay

Tourism industry

...Research topic area The proposed topic of the research is ‘the changing paradigms in the travel and tourism industry: New trends and Special interest tourism’. In the contemporary times, travel and tourism has emerged as a standalone industry with wide scope. Changing demography and evolving global market have significantly impacted the hospitality industry. Kotler et al., (2007) have claimed that demographic compulsions influence market position. The demography changes vis-a-vis increased income, age distribution, population size etc., have tremendous impact on consumer behaviour. In fact, the traditional...
5 Pages(1250 words)Dissertation

Banking Industry in Recession

...Banking Industry in Recession The international financial crisis initiated in the United States’ mortgage market and causes a liquidity deficit within the United States’ banking system, the full blow of which began to be felt during the mid of 2007. It resulted in the collapse of various financial institutions and in huge government involvement to stay away from a contagion effect within their economies. The United States credit market default that started the global recession all over the world has changed the financial setting significantly. Since that time, concerned officials have been attempting to come up with solutions to the difficulties that the...
8 Pages(2000 words)Coursework

Travel and Tourism Industry of London

...of business 18 2.5 Conclusions 25 Chapter 3 Methodology 25 3.1 Introductions 25 3.2 Quantitative research 26 3.3 Qualitative research 27 3.4 Analysis 28 3.5 London: A Haven for Connoisseur 30 Chapter 4 Questionnaire (Finding and Analysis) 31 4.1 Introductions 31 4.2 Front Office Manager 31 4.3 F&B Manager 32 4.4 Kitchen 32 CHAPTER 5 CONCLUSION 33 Bibliography 34 Appendices 36 ALL THE TABLES AND FIGURES Tables and figures 1.0 Introduction The travel and tourism industry is among the oldest and largest industry in the world, and the industry has been...
18 Pages(4500 words)Assignment

Training during global recession

...jobs. It thus identified in its 2009 research two underlying causes of the skills gap: (1) “jobs are changing to require more knowledge work, more teamwork, and more use of technology (2) “educational attainment has fallen behind the nation’s need for skills” (Galagan, 2009). Competitive opportunities created Nic Read, president of international consulting firm SalesLabs, is a strong believer in skills training particularly during a recession. He argues that any recession will eventually lead to a recovery, and there will be industries that are likely to emerge from the recession ahead of the others. Growth opportunities are created...
10 Pages(2500 words)Essay

Globalization in Recession/Recovery 2010

... to increased costs of production and declining sales during the recession period. As economic crisis soared, purchasing power of consumers declined. Fuel and transportation costs increased and there was an overall shift in consumer buying behavior and preferences (DDB n.d). Slowed economy was directly reflected in McDonald’s stock which fell down by 7 percent (CNN Money 2008). Higher inflation in food and fuel prices lead to consumers changing their eating habits and turning to cheaper alternatives. Anti-obesity drive across nations also placed questions on business and ethical practices of the company. However, the sheer size of the company once again allowed it to sail back into the global waters. Through aggressive marketing... ...
4 Pages(1000 words)Research Paper

Unemployment during the Great Recession

...Unemployment during the Great Recession The recession that has been recently experienced by the US has a negative impact on the financial, social and psychological side of every US citizen. The main area where the recession has caused very heavy damage is the area of employment. Although, during this period, organizations have gained heavy profits but they have to provide good quality jobs to the citizens of the US. The job market scenario since the start of the recession is such that there is little to zero job security, the pay rates and the conditions for working are its worse. According to the Iowa Policy Project, out of the total US...
2 Pages(500 words)Assignment

Undertake Investments During Recession

...Undertake Investments During RecessionRecession refers to a period of low economic activity or a general slowdown in economic activity. The National Bureau of Economic Research (NBER) coined the above definition. In addition, recession describes the decline in the economy and that lasts for several months. Negative economic growth can act as an indicator for a recession within a period of two or more consecutive quarters. The U.S experienced recession during the 2008-09 global economic crises that occurred as a result of risky investment strategies. The U.S suffered a major setback and had to develop numerous economic...
2 Pages(500 words)Essay

How Inflation Affected Ford Motor During the 2007-2009 Recession

...the company cannot sustain a large number of workers. The table below shows how the recession affected the employment in FORD MOTOR and other companies in America. year 2006 2007 2008 2009 2010 Unemployment 4.6 4.7 5.8 9.3 9.6 As a result of inflation and reduced purchasing power, the entire income raised by households is spent on necessities. As such there is little disposable income to invest in shares. This is seen when the number of outstanding shares of the FORD MOTOR gradually increased as a result of decreased demand during the recession as shown in the table below: Outstanding...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Recession & tourism industry in London during 2007-2010 for FREE!

Contact Us