Premium Essay

Investigating the T&T Sector

In:

Submitted By louiscox
Words 499
Pages 2
Investigating T&T sector

Trends * Frequency of holidays * Greater flexibility * Independent travel * Adventure travel * New destinations * Expansion of regional airports

Increased frequency of holidays
People in western countries are able to enjoy more holidays now than ever before, this is due to… * People becoming more affluent * Travel prices falling * Travel becoming easier

It is not unusual for British families to take a holiday abroad once a year plus additional short breaks and holidays in the UK and overseas.

The effects of this increase in frequency of holidays has positive impacts across many travel and tourism component industries, especially low cost airlines, train companies, hotels and European cities/regions that can promote themselves as short break destinations.

Where do you think the most popular destinations are?

1. Spain 2. France 3. Greece 4. USA 5. Great Britain 6. Italy 7. Turkey 8. Egypt 9. Croatia 10. Thailand

Greater Flexibility
How do people research for holidays nowadays?

Intenet
Using the internet offers people great flexibility than buying standard holidays from a travel agency. It also allows tour operators to sell a wider variety of destinations and holiday products online. This has a positive effect on online travel companies, but a negative effect on high street travel agencies.

Independent travel is gradually increasing at the expense of traditional package holidays.
The following figures from the office for national statistics demonstrate this trend.

Year | Total number of holidays | % independent | % packaged | 2004 | 42.9M | 53.9 | 46.1 | 2006 | 45.2M | 58.2 | 41.8 | 2008 | 45.5M | 60.7 | 29.3 |

* A recent report from mintel shows that more than 75% of all short breaks are organised

Similar Documents

Premium Essay

Business Management

...ANQ-002: Investigating Learning Organisation Dimensions in Manufacturing Enterprises (SAMPLE 2) ANQ Congress 2012 Hong Kong on Striving for Excellence through Product and Service Quality; 31 July – 3 August, 2012, pp.9-15 9 INVESTIGATING LEARNING ORGANISATION DIMENSIONS IN MANUFACTURING ENTERPRISES IN TRINIDAD AND TOBAGO Marcia Nathai-Balkissoon1 and Kit Fai Pun2 1 The National Training Agency of Trinidad and Tobago, Chaguanas, Trinidad, West Indies E-mail: mnbalkissoon@gmail.com 2Department of Mechanical and Manufacturing Engineering, The University of the West Indies, St. Augustine, Trinidad and Tobago, West Indies E-mail: KitFai.Pun@sta.uwi.edu Abstract: Structuring learning and maximising the use of knowledge in manufacturing organisations can further Trinidad and Tobago’s quest to diversify its energy-based economy, promote sustainable development, and enhance the creativity and competence of its population. Empirical investigation of Learning Organisations (LOs) is lacking, worldwide, and there is especially a shortage of quantitative research in the developing nation context. For this reason, and also because of the existence of several widely varying LO models in the literature, it is not possible to directly apply any one LO model within Trinidad and Tobago. This paper outlines a research approach for investigating LO dimensions within Trinidad and Tobago’s manufacturing sector. The conceptual foundations of LO are briefly presented, along with several...

Words: 4001 - Pages: 17

Free Essay

Telecoms Face Antitrust Threat

...telecommunications companies such as AT&T Inc. and Verizon Communications Inc. are abusing the market power they have amassed in recent years, according to people familiar with the matter. The review, while in its early stages, is an indication of the Obama administration's aggressive stance on antitrust enforcement. The Justice Department's antitrust chief, Christine Varney, has said she wants to reassert the government's role in policing monopolistic and anticompetitive practices by powerful companies. Christine Varney testifies at a Senate Judiciary Committee confirmation hearing in March. ENLARGE Christine Varney testifies at a Senate Judiciary Committee confirmation hearing in March. Bloomberg News The law that covers such behavior, the Sherman Antitrust Act, has been used in the past against giants ranging from Standard Oil to Microsoft Corp. It lay essentially dormant during the Bush years, with the agency bringing no major case. The telecom industry is among several sectors now coming under scrutiny. Others include health care and agriculture. The Justice Department is already cracking down on certain agreements. It recently filed an objection to plans by airlines in the global Star Alliance to cooperate more closely on international routes and fares. It has targeted payments large pharmaceutical producers sometimes make to generic-drug makers to delay cheap copies of medicines. In addition, Ms. Varney is investigating Google Inc.'s settlement with authors and...

Words: 799 - Pages: 4

Free Essay

Pestel Factors

...general and application to the chosen industry. 30% Evaluate the impact of the past, current and future issues on a hospitality/tourism/culinary arts industry of your choice 30% Make suggestions to the industry of your choice in relation to how they shou ld react to the current trends and contemporary issues and gain competitive advantage. 30% Self – please see hand in guidelines for reports, essays and presentations below. 10% Deductions: Late Submission Total mark out of 100% 100% Contents Page 1: Introduction; aims and objectives 2: Size and scope of the UK hospitality industry 3: The Michelin starred restaurant sector 1. Size and scope 2.Historic overview 4: PESTEL and the macro/micro environment 1. Past 10 years 2. Current 3. Future 10 years 5. Competitive advantage within the sector 6: Conclusion and recommendations 7. Bibliography 8. Appendices Hospitality Management:...

Words: 1002 - Pages: 5

Premium Essay

Analysis About the Effects of Industrial Productions on Air Pollution

...this paper, we choose air pollution indicators and industry output in provincial level, thus we would like to test it based on different regions. We use the fixed effect model to construct the data and use hypothesis testing to testify our model through three characteristics: normality, heteroskedasticity and autocorrelation. After the regression and test, we come to the conclusion that basically our model is an appropriate one although several data and time series problems limit its further accuracy. And what is more, the result is quite accordance with our assumption that industrial sectors do effect the environment to some extent and among all the sectors we discuss, mining is the most overarching element. In order to obtain a better and more convincing result, we still need more information about air quality in our further study and research. Keywords: air pollution; industrial sector Chapter 1 Introduction 1.1 Identification of the research problem “It was a foggy day in London, and the fog was heavy and dark. Animate London, with smarting eyes and irritated lungs, was blinking, wheezing, and choking; inanimate London was a sooty specter, divided in purpose between being visible and invisible, and so being wholly neither.” The great...

Words: 3854 - Pages: 16

Premium Essay

Mr. Aborgeh Christian

...An Event-Based Digital Forensic Investigation Framework∗ Brian D. Carrier carrier@cerias.purdue.edu Eugene H. Spafford spaf@cerias.purdue.edu Center for Education and Research in Information Assurance and Security - CERIAS Purdue University West Lafayette, IN 47907 USA Abstract In this paper, we present a framework for digital forensics that includes an investigation process model based on physical crime scene procedures. In this model, each digital device is considered a digital crime scene, which is included in the physical crime scene where it is located. The investigation includes the preservation of the system, the search for digital evidence, and the reconstruction of digital events. The focus of the investigation is on the reconstruction of events using evidence so that hypotheses can be developed and tested. This paper also includes definitions and descriptions of the basic and core concepts that the framework uses. 1 Introduction Since the first Digital Forensic Research Workshop (DFRWS) in 2001 [Pal01], the need for a standard framework has been understood, yet there has been little progress on one that is generally accepted. A framework for digital forensics needs to be flexible enough so that it can support future technologies and different types of incidents. Therefore, it needs to be simple and abstract. On the other hand, if it is too simple and abstract then it is difficult to create tool requirements and test procedures for each phase. For this paper...

Words: 6869 - Pages: 28

Premium Essay

The Post-Issue Operating Performance of Ipo Firms

...International Business Research April, 2008 Post-IPO Operating Performance and Earnings Management Nurwati A. Ahmad-Zaluki Banking and Finance Building, College of Business Universiti Utara Malaysia, 06010 Sintok Kedah, Malaysia Tel: 60-4-928-6451 Abstract E-mail: nurwati@uum.edu.my The present study investigates the operating performance and the existence of earnings management for a sample of 254 Malaysian IPO companies over the period 1990-2000. Using accrual-based measure of operating performance, this study finds strong evidence of declining performance in the IPO year and up to three years following IPOs relative to the pre-IPO period. This finding is consistent with the results of prior studies documenting the long run underperformance of IPO companies. The results also confirm that the decline in post-IPO operating performance is due to the existence of earnings manipulation by the IPO manager at the time of going public. Keywords: Initial public offerings, Operating performance, Earnings management 1. Introduction Existing international studies of initial public offering (IPO) companies find that operating performance had declined in the post-IPO period (Jain and Kini, 1994; Mikkelson et al, 1997; Kim et al., 2004). The majority of prior studies are based on the accrual measure of accounting profits which are potentially subject to accounting manipulation by managers, for example through working capital adjustments (Teoh et al., 1998). The most recent...

Words: 7044 - Pages: 29

Free Essay

Who Should Govern Jurisdiction on the Internet

...ent of individuals  within their borders. This is named the International Law Commission. The International Law  Commission sets out guidelines and regulations for member states to follow, however, the  commission is just a guideline, meaning that each country has the right to prosecute criminals  within their border upon their discretion.  The nature of illegal internet activity is based around  anonymity, a person may use several servers based in various countries around the world in  order to hide their IP address and origin, a method called “bouncing your IP address”. It is  oftentimes impossible to track the location of these criminals, which raises an issue of countries  potentially overstepping their jurisdiction when investigating an international cyber­crime.   Another issue is that the participation of multiple countries’ cyber­crimes units may cause  political...

Words: 1601 - Pages: 7

Premium Essay

The Effects of War and Peace on Foreign Aid

...Foreign aid encompasses technical, military, humanitarian and financial assistance provided by developed countries to help foster economic, political and social progression in developing countries. Foreign aid results in positive and negative consequences for developing countries and is subject to decisions made by government officials with regard to its distribution (Leonard, 2006). Examined in this paper is the impact of peace and war on foreign aid distribution, specific actions undertaken by government officials to relieve problems resulting from warfare and the role of foreign aid in poverty and warfare reduction in India. India is not immune to intrastate and interstate warfare. The relationship between India and Pakistan has always been rocky characterized by multiple outbreaks of warfare. However, it was not until the second interstate war of 1965 that international states intervened to offer foreign aid to advance their own selfish agendas. The United States failed to offer any foreign aid to India, as it was not in its best interest (Hagerty, 2005). At the time, Nehru, a strong proponent for socialism led the Indian government. He advocated for the nationalization of infrastructure and business, which undermined privatization. As a result, the Soviet Union was inclined to offer its support, as India served to undermine capitalism (an ideology propagated by the US during the Cold War) (Leonard, 2006). Post-Cold War India is predominantly a peaceful state with minimal...

Words: 886 - Pages: 4

Premium Essay

Economy Growth in Malaysia

...Policy Vol. 3, No. 4, 2013, pp.360-366 ISSN: 2146-4553 www.econjournals.com Effects of Oil Price Shocks on the Economic Sectors in Malaysia Mohd Shahidan Shaari School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: shahidanshaari@unimap.edu.my Tan Lee Pei School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: pui_tlp@yahoo.com Hafizah Abdul Rahim School of Business Innovation and Technopreneurship, Universiti Malaysia Perlis, Malaysia. Email: hafizahrahim@unimap.edu.my ABSTRACT: This paper aims to examine the effects of oil price shocks on economic sectors in Malaysia. A unit root test was conducted, in which data were shown to be non-stationary in all levels, and stationary in the first difference for all variables. The co-integration model was applied, and the results indicated that one co-integrating equation exists, suggesting the long-term effects of oil prices on the agriculture, construction, manufacturing, and transportation sectors. Finally, Grange causality test was performed, and the results implied that in Malaysia, oil price shocks can affect agriculture, similar to Hanson et al. (2010). Oil price instability also influences the performance of the agriculture sector, contrary to the results of Alper and Torul (2009). In addition, the construction sector was found to be dependent on oil prices. Therefore, the current study has an important implication for the Malaysian government...

Words: 3901 - Pages: 16

Free Essay

The Efficacy of Celebrity Endorsements for Charitable Causes: an Experiment on Consumers’ Purchase Intentions Toward Charity-Linked Products

...Celebrity endorsement is also gathering increasing momentum in attempts to develop public awareness of charitable causes. For example, a growing number of celebrities have become involved in heightening public awareness of poverty in low-income countries (Samman, Auliffe, and MacLachlan, 2009). More recently, even more celebrities around the world have taken on the Ice Bucket Challenge, dousing themselves with ice water to raise awareness and funds for the disease amyotrophic lateral sclerosis (ALS). The Ice Bucket Challenge has been such an epic success through social media outreach that raised an estimated $15 million to fight the disease in just a few weeks (Smith, 2014). There has been an increased research interest concerned in investigating the impact of celebrity on charitable causes;...

Words: 1900 - Pages: 8

Premium Essay

Interest Rate and Loan Supply

...Jurnal £kollomi Malaysia 35 (2001) 61 - 68 Interest Rate and Loan Supply: Islamic Versus Conventional Banking System Liza Marwati Mohd Yusoff Aisyah Abdul Rahman Norazlan Alias ABSTRACT This paper attempts to explore the effect of interest rate 011 loan supply of Islamic banking alld Convemional banking system. The analysis segregated the Islamic and COllvellfional banking system imo commercial bank, finance company alld merchant bank. Overnight alld 3 month Klibor are llsed as interest proxy. Unit root test, Granger Causality test, Akaike Information Criterion and Regression analysist are IIsed in the study. The results of Granger Causality test indicate that the growth of overnight Klibor ca uses changes in the growth of Islamic and Conventional loan of Mercham Banks significantly and from the regression analysis, it is confirm that Islamic and Conventional loan growth of merchant bank are significantly positive related to overnight Klibor. INTRODUCTION The additional amo}Int a borrower pays a lender, over and above the borrowed sum (principal) is commonl y called interest. This interest depends on the size of the principal and the length of time the borrower takes to repay the principal and interest. For this reason, and for computational convenience, interest is usually expressed in terms of percentage per annum and is called the rate of interest. In banks there are three players. The players are the bank, the depositor and the borrower. The depositor places...

Words: 2532 - Pages: 11

Premium Essay

Workplace Privacy

...the decision of the U.S. Supreme Court to the case of City of Ontario v. Jeff Quon that has provided a significant change of the views on workplace privacy law in this country. The majority of U.S. employees believe that it is their constitutional right to have reasonable workplace privacy. However, most U.S. employees are unaware that their constitutional right to privacy is contingent upon the U.S. Constitution’s Fourth Amendment’s rights to freedom from unreasonable search and seizure. This constitutional right is generally applied to state actions and they are at times limited to protecting only federal, state, and municipal employees. Furthermore, this paper will discuss the influences of Fourth Amendment jurisprudence to private sector employment because of the parallel common law standard of “reasonable expectations of privacy” which is the primary piece of the Electronic Communications Privacy Act (ECPA) the federal legislation suggesting employee privacy interest in prohibiting unlawful access and certain disclosures of contents in certain forms of communication. The issue of privacy is a large concern in the workplace. With the expanding of new technology, many employees are concern about his/her privacy in the workplace. Employees have the right to go to work knowing that his/her employer will not invade their privacy. The rights to privacy in the workplace only provide limited protection for workers against monitoring and breach of...

Words: 1639 - Pages: 7

Premium Essay

Public Services

...Deadline: |…….. | |Learning Aim | | | |Know crime and disorder legislation, sentences and orders | | | |Activity: You are on a work placement at the local Police station. Your supervisor has tasked you with investigating criminal | |behaviour and its impact on the community including the legal framework that exists to prevent crime and...

Words: 583 - Pages: 3

Premium Essay

Effects of Motivational Factors on Job Satisfaction: an Empirical Study on Malaysian Gen-Y Administrative and Diplomatic Officers

...Gen-Y. Design/ Methodology/ Approach - Totally 128 full time Gen-Y employees of the Malaysian Administrative and Diplomatic officers completed a questionnaire measuring their motivator and hygiene factors and job satisfaction. The motivators were measured by work values questionnaire (WVQ) with 25 items, and job satisfaction was measured with a 15-item questionnaire adapted from Warr et al., (1979). The scales for all questions were seven point Likert scales. Factor analysis, T-Test, regression, and One-way ANOVA were applied in the data analysis. Findings - The results revealed that employees’ motivators are related significantly to their intrinsic job satisfaction. However, employees’ hygiene factors are not significantly related to extrinsic job satisfaction. This result is inconsistent with the previous study of Furnham A. and Eracleous A. (2009) and supports Locke’s (1976) criticism of Herzberg’s theory. Research limitations - The limitation of this study was that it used self-report measure in investigating motivational factors as well as job satisfaction and therefore the defensive bias in self-reporting was not controlled. Originality/Value - This paper revealed that hygiene factors might not affect a person’s extrinsic job satisfaction in the Malaysian context and specifically among...

Words: 3865 - Pages: 16

Free Essay

Literature Review

...customer enquiries, to improve internal efficiency and productivity, and to reduce transaction cost. E-services are important to organizations because they can strengthen relations between customer and service provider and thereby improve customer satisfaction. A large number of industries have so far profited greatly from the possibilities of e-services. Successful examples include online banking, online stock trading systems, online travel planning and web search engines. Successful e-services have the potential to, among other things, provide overview, increase communication efficiency, integrate people in their health management and aid in the improvement of healthcare networks. However, the adoption of e-services in the healthcare sector has been rather slow or negligible. While the benefits...

Words: 856 - Pages: 4