The purpose of this essay is to provide a critical examination to the theory that high performing companies continue to introduce new products and provide focus to growing revenue and market share during a recession.
The format that this paper will take is to first provide…
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After this point the paper will give some insight as to the overall trends in the international community specifically in the United States. Next an in depth analysis will be conducted as to how the UK travel industry has been affected by the recession and provide insight as to what strategies some organizations have opted to utilize in effort to combat the recession specifically focusing on strategies such as offering new low cost options or increased advertising. Building on these points this paper will argue that many of these changes may simply be short term strategies designed to adjust to temporary changes in consumer preferences and how some strategies are designed to be coherent long term strategies.
In an article published by the Suffolk City Council (2008) a number of different groups were identified as being the most likely to be affected by the current recession. Primarily identified were in terms of individuals were people with low incomes such as those people with fixed incomes, and those people unable to cope with rising costs such as those heavily in debt. In regards to manufacturers and service providers the research summary identified that companies manufacturing durable consumer goods such as washing machines or cars will be severely negatively affected by the recession owing to the fact that consumers are reluctant to make big purchases in times of economic uncertainty. More importantly to this topic the Suffolk City Council (2008) identifies that the service sector will be the most negatively affected sector insofar as retail, financial services leisure has already seen some of its biggest decrease in output levels since the mid nineties. The reasoning behind this decrease in the service sector (Specifically the leisure sector) is because of the falling consumer confidence in the overall economy. According to Barbaro and Uchitelle (2008) it is the case that in the American context consumer confidence in the strength of
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(Tourism Essay Example | Topics and Well Written Essays - 2500 Words - 2)
“Tourism Essay Example | Topics and Well Written Essays - 2500 Words - 2”, n.d. https://studentshare.org/miscellaneous/1562179-tourism.
Hence, planning is an essential element in supporting the long-term sustainability of developments in tourism. Boosterism as an approach to planning is linked with tourism policy statements, which is usually based on the assumption that; tourism is naturally good and it should be developed no matter the circumstance (Inskeep, 1991 pp 77).
International tourism is influenced positively by the increased use of electronic and other technologies, and adversely impacted by the rise in fuel prices and airline fees. Coles and Hall (2008) assert that challenges faced by international tourism include the development of a destination’s built resources, the conservation of the social, cultural, natural, and wildlife resources, and supporting the socio-economic progress of the local community.
Many countries didn’t consider tourism something that could actually boost their financial revenues but now countries are competing in tourism department just they compete in other commodities. Here are the synopsis of six news articles on the growth and impact of global tourism.
Ministry of transportation is of great importance to the tourism sector by providing sufficient services. The transportation ministry includes rail, water, bus and air travel that provides transport to the tourists. Additionally, ministry of transportation includes vehicle renting, taxi, limousine and chauffeurs.
ocal economy, improve the infrastructure, bring exposure to the local people, create numerous jobs for youths and the large number of qualified people and finally lead to the general development of the city.
A. The role of the government in promoting tourism cannot be
The tourism industry offers jobs to a large number of people and it also invites rigor within international exchange. Furthermore, it encourages people to conserve and preserve the natural and cultural heritage of a particular area.
The tropical forests and beaches have been one of the major attractions for the tourist around the world. The Malaysian tourism industry provides a chance to the foreigners as well as the locals to enjoy recreational activities, which are considered
Tourism products and services are classified under hospitality, attractions, events, tourism services, and visitor transport. There are country house hotels, world class hotels, holiday caravan parks, bars, catering
They ensure that their infrastructure is excellent to allow the tourists have a nice stay in the country. They also ensure that communities preserve cultural heritage and historical sites for tourist viewing. Governments also build
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