...China Tourism industry China is a vast land, rich in tourism resources. It comes out in front in the world in scenic spots and historical sites, spectacular landscape, and varied national customs. With so many attractions, Ever since the Policy of opening and reform was adapted in 1978, the tourism industry in China, thanks to the great importance attached by the governments at various levels, has become a new but most dynamic and potentially strong factor in the tertiary industry. It has been serving as a new growth point in China’s national economy. And in many parts of the country, tourism has been regarded as a pillar, superior or priority industry in bringing up the local economic development. The position of tourism in the national economy continues to be enhanced and upgraded. As China integrates with the global economy, it’s tourist industry is expected to continue to boom in the next five years. It is forecasted that China’s tourism industry still develop with an annual growth rate of about 10 percent. Moreover the sustained growth in China’s gross domestic product is expected to further stimulate the growth of tourism industry, and the number of domestic tourism expected to increase by about 5 percent annually in the next few year. Accordingly the booming tourism industry has played a vital role in increasing consumption, reducing poverty and creating job opportunities. China has experienced several years of powerful domestic economic growth...
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...(Nooteboom 1999, 56). This article is to understand the concept and behavioral changes as a result of globalization towards tourism and hospitality industry in order to construct wider understanding of its negative and positive impacts. Globalization, as a meaning of its term, clearly stated the understanding of product or service market involving two or more countries to serve the worldwide market outside their local networks. It may be referred as the highest commercial development for any company internationally (Teare, Boer 1993, 194). Product trading and media communication, which makes information as a trade good are the division of two main principal or concept in order for a company to further spread their trading power towards utilizing globalization benefits. Globalization is mostly involved by Mega Corporation, multinational and the consumer themselves. Under the economic perspectives, it clearly shows that globalization referred to the increasing of market interdependent and production in two or more countries through trading in goods or service (Teare, Boer 1993, 194). As the trade radius become international, globalization gives an increase of labor workforce- in which international division of labor is achieved by the fragmentation of international production chain, as well as the political trend toward a more liberal economic order. Local companies that used to control some percentage in domestic market are now being saturated and limited as international competitions...
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...specialization. (Hotel Management) Submitted by: Andreyan M. Solanoy Submitted to: Dr. Perlita Esrael (Professor) A SYSTEMATIC REVIEW OF KNOWLEDGE MANAGEMENT RESEARCH IN THE HOSPITALITY AND TOURISM INDUSTRY by Xu Cheng Bachelor of Art Guangdong University of Business Studies 2008 A thesis submitted in partial fulfillment of the requirements for the Master of Science in Hotel Administration William F. Harrah College of Hotel Administration Graduate College University of Nevada, Las Vegas December 201 Assignment in Basic Research Find a sample research article which is related to your field of specialization. (Hotel Management) Submitted by: Ma. Florina Teresa T. Tampos Submitted to: Dr. Perlita Esrael (Professor) Assignment in Basic Research Find a sample research article which is related to your field of specialization. (Hotel Management) Submitted by: Floven P. Laurencio Submitted to: Dr. Perlita Esrael (Professor) ABSTRACT A Systematic Review of Knowledge Management Research in the Hospitality and Tourism Industry by Xu Cheng Dr. Mehmet Erdem, Examination Committee Chair Assistant Professor of Hotel Management ...
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...A MODEL OF OPTIMAL INTERNATIONAL MARKET EXPANSION THE CASE OF US HOTEL CHAINS EXPANSION INTO CHINA E. Hachemi Aliouche, Ph.D. Associate Professor, Hospitality Management Whittemore School of Business and Economics UNIVERSITY OF NEW HAMPSHIRE, USA and Udo Schlentrich, Ph.D. Associate Professor, Hospitality Management Whittemore School of Business and Economics UNIVERSITY OF NEW HAMPSHIRE, USA ABSTRACT: Departing from the explanatory and descriptive approaches common in many of the academic studies of international expansion, this paper uses a managerial approach to develop and illustrate a process that can assist managers in the formulation of their international expansion strategies and plans. A comprehensive model of international expansion is outlined and applied to determine the optimal country to be targeted for entry by a US hotel firm and the optimal entry mode to be used. The model consists of three sections. Section One (macro assessment) identifies the major external macroenvironmental variables that determine the risks and opportunities of international expansion: market size, market growth and purchasing power; political, economic, legal and regulatory risks; and cultural and geographic distances. Through macro assessment, countries with the optimal risk/opportunity profiles are identified and ranked. Section Two (micro assessment) is applied to the optimal countries identified in Section One to estimate the potential profitability and financial value created (as...
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...SINGAPORE HOTEL INDUSTRY ANALYSIS Prepared by: Nazia Husain Marketing 558: Marketing Across Cultures TABLE OF CONTENTS Contents EXECUTIVE SUMMARY 3 HISTORY 4 GOVERNMENT 6 CULTURE 6 Religion 6 Language 7 Economy of Singapore 8 Trade 9 Employment 10 ASEAN 10 MACRO-ECONOMIC REVIEW OF SINGAPORE 11 Economic Factors 11 Macro-environment factors and hotel industry 12 INDUSTRY ANALYSIS 14 Hotel Demand 15 Hotel Supply 16 COUNTRY CLUSTER ANALYSIS 17 Regional Analysis in the Hotel Industry 17 Singapore Industry Analysis 17 RevPAR 19 Singapore Hotel Association 20 Corporations Expanding Into the Region 22 CONCLUSIONS AND RECOMMENDATIONS: 23 Working culture differences between the US and Singapore 23 Expansion into Singapore 24 APPENDIX 26 EXECUTIVE SUMMARY The purpose of this research paper is to provide insights into the Singapore Hotel Industry. Through an analysis of economic indicators and the hotel industry in the region, along with a look at how the cultural characteristics of Singapore help illustrate many reasons why hotels should look to expand in Singapore. One of the many reasons why the hotel industry is of such importance in Singapore is its continuous growth and expansion of the services industry in the region. Although there is a slow growth of visitors projected in 2012 due to an uncertain economy, it is to the countries best advantage to increase the number of hotels being planned to open in the next...
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...Citation: MICE: EMERGING AS THE PROFIT SEGMENT FOR THE INDUSTRY, By Karishma Sen, T3 , May 14, 2013 INTRODUCTION Domestic and outbound travel has been the talk of not just Indian industry stalwarts but international ones as well. The mere statistics of tourism in India is enough to raise eyebrows and contribute to heated discussions that fuel a growing opinion of India’s tourism potential. The creeper that grows alongside this sector is MICE. Not only has it been contributing to a large chunk of the tourism sector, it has also grown leaps and bounds in quality, services and, most importantly, demand.. Following research questions have been addressed by this research paper: (1) What is the status of current Indian MICE industry ?? (2) Why only convention centres are enjoying to MICE business ?? (3) Significant contribution of MICE to Hotel business ?? (4) Challenges for India is becoming an exotic MICE destination in comparison with other countries. LITERATURE REVIEW According to International Congress & Convention Association (ICCA) statistics, a total of 400,000 conferences and exhibitions are held worldwide every year at the total outlay of US$280 billion, and India’s share is pegged only at US$4.8 bn. Currently, India ranks 27th in the global MICE market. According to International Congress & Convention Association (ICCA) statistics, a total of 400,000 conferences and exhibitions are held worldwide every year at the total outlay of US$280 billion, and India’s share...
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...The tourism industry has developed into one of the most powerful industries in the world. The impacts of tourism development growth can produce both benefits and costs to the host nation. In order to eliminate the negativities caused by tourism, and provide a more sustainable future for the ever-expanding industry, Government’s need to be actively involved throughout. However, the extent of their involvement is disputed. The Government’s of such nations must try to develop initiatives that will not only carry on boosting their economy through the maturity of tourism, but sufficiently limit the damage to the environment, all whilst protecting their own nation’s cultures, and in doing so; creating a more sustainable future. The WTO (1993) defines sustainable tourism as ‘meeting the needs of the present tourists and host regions whilst protecting and enhancing opportunity for the future.’ It also illustrates that sustainable development strategies must stress the need for due regard to be given to the ‘long-term appropriate use of natural and human resources’. Essentially, in order to achieve sustainability in tourism, the long term effects and impacts need to be assessed over the mass market. By developing sustainable forms of tourism in some areas, other areas that may be affected as a result of this are simply ignored. As Klemm (1992) suggests, ‘the real challenge for the future it to provide sustainable tourism for the mass market’. As the mass market is not given enough consideration...
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...undoubted that tourism has become one of the largest and fastest growing industries at the global level. In fact, the majority of developing countries consider international tourism as a main approach to generate more local economic activities and encouragements of environmental improvement for regional areas. This leading service sector, however, could draw severalproblematic issues for the local environment and even economy of recipient countries due to many reasons. This essay will argue that in developing countries the economic and environmental negative impacts caused by tourism outweigh its benefits for local communities. To understand the influence of tourism on host countries, this essay aims to provide the evaluation about the benefits and costs of tourism on both economy and environment throughout two sections. The first section discusses the outperformance of negative consequences caused by tourism on environment comparing to its positive effects, while the second argues that the impacts ofvulnerable economy arose from tourism outweighs its benefit for the developing countries. Besides, the essay also points out the genuine situations of the tourism industry in South East Asia as the typical case of developing countries. Firstly, tourism has posed several destructive effects on environmental structure of the host regions where tourism activities take place. Undoubtedly, the constructions of facilities and infrastructures constructed for tourism as well as heavy...
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...TRAVEL AND TOURISM MANAGEMENT UNIT-13: HOSPITALITY MANAGEMENT THE LECTURER NAME: MOHAMMAD AKHTAR NOORANI STUDENT NAME: STUDENT ID: Intercontinental Park Lane London [pic] Tourism is vital to the economies of most countries worldwide (Abrahams, 2006).Trends in global tourism have shifted remarkably over the last decade. Information technology supports the increased sophistication of travellers (Chen and Sheldon 1997), who seek greater variety in their travel arrangements and expect personalized services that meet their unique needs (Sheldon 1993). Previously, travellers received information about destinations through books, brochures, promotional videos, word-of-mouth, travel agents or tourist offices. Tour operators create, arrange and operate tailor-made tours and travel programmes which they market to the customer either through travel agencies or directly via websites, TV adverts and call centres. There are four major players dominate the outbound sector. Leisure is big business. The leisure industry encompasses sport and recreation, health and fitness, betting and gambling. Whether you want to spend your relaxation time actively - by going to the gym, playing your favourite sport, visiting your local theme park, or passively - at the cinema, the bingo hall, or the casino, the leisure industry can cater for your every mood. Background: Intercontinental park lane London is one of the most prestigious outlet of world first hotel brand? Intercontinental...
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...Business Tourism as an Industry Driver Lilla Széplaki DISSERTATION FOR BA (HONS) IN TRAVEL AND TOURISM MANAGEMENT OXFORD BROOKS UNIVERSITY AND INTERNATIONAL BUSINESS SCHOOL – BUDAPEST 2007/2012 1 Acknowledgements Hereby, I would like to express my deepest appreciation to the Sales team of the Budapest Marriott Hotel, who gave their assistance informing me about all the needed data. I would like to thank to the people with whom I have had interview and also for my former colleagues from the Kempinski Hotel Corvinus. They supported me in my research work. I am deeply indebted to my supervisor Mr Alan Godsave. His suggestions helped me to write this thesis. 2 Table of Content 1. 2. Introduction......................................................................................................... 4 Literature review ................................................................................................ 7 2.1. 2.2. 2.3. What is Tourism? ........................................................................................ 7 The World Tourism Organization (UNWTO) .......................................... 8 Current situation of business tourism ....................................................... 9 Globalisation ......................................................................................... 9 International Trends .......................................................................... 10 The affecting factors of Business Tourism .......
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...Corporate social responsibility is or has previously by many been defined in terms such as: business ethics and corporate citizenship in the working environment, whether it is private companies or government entities and society. There is still ongoing debate on the proper mutual definition of corporate social responsibility. A very basic definition could be stated as “a commitment made by organizations to contribute to a better standard of living for its staff members, their families and society at large towards continuous economic growth” (Lockwood, 2004). The concept was first brought forward in the late 50’s: nevertheless it was during the late 70’s that scholarly research started to take off. “The centre of responsible business (CRB) explains CRS as being an extensive set of action, administration, procedure and practice that are at the very core of corporate culture, and the decision forming practice throughout an organization. This is all inclusive of the actions taken in the past and also the significance of the actions that will be taken in the near future. Corporate social responsibility is over and above charity and calls for organizations to take full responsibility for the effect of its actions on all its stakeholders” (Rettab, 2008). A study of the Jumeirah Group of hotels gave me another meaning to define CSR...”the management of an organization’s beneficial impact on all stake holders and the environment is the result, which it operates from keeping all...
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...INTERNATIONALIZATION OF THE TOURISM SECTOR IN KENYA INTRODUCTION Tourism in Kenya dates back to pre-independence days and history has recorded that as early as the 1930's, overseas visitors and explorers had started coming to Kenya mainly for big-game hunting expeditions while others came in search of solitude and adventure. These expeditions were locally referred to as "Safari" thus lending the travel world literature with a new vocabulary. Among the early visitors were statesmen, royalties and celebrities such as Theodore Roosevelt, Her Majesty Queen Elizabeth II, and Ernest Hemingway respectively. At that time, there was in existence a fairly developed but basic tourism infrastructure. The available accommodation was spartan but sufficient for both the visitors as well as the settler community in Kenya. However soon after independence, the Kenya Government realized the enormous potential of the tourism industry and hence undertook to upgrade the existing infrastructure as well as investing in additional facilities. To achieve its goal, the Government encouraged local and foreign entrepreneurs to invest in the tourism and hospitality industries thus paving the way for the future development of the sector. In spite of increased competition from other destinations, Kenya remains one of the most popular tourist destinations in Africa. Tourism in Kenya is mainly based on natural attractions, which include wildlife in its natural habitats as well as beautiful beaches amongst...
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...The global financial crisis and escalating inflationary pressures impacted many large multinationals. The Group's strategic initiatives including cost control measures and cautious approach ensured that our underlying businesses remained strong despite the rising costs and falling global demand SWOT analysis for Genting Berhad Strengths/Weaknesses (SWOT) Helpful to achieving the objective Harmful to achieving the objective Internal Origin (attributes of the organization) Strengths • Strong liquidity position • Strong financial performance • Diversified business operations Weaknesses • Limited investor confidence • Weak performance in the plantations • Limited Geographic Presence External Origin (attributes of the environment) Opportunities • Strategic acquisitions • Resort World at Sentosa (RWS) • Improvement in Malaysian tourism sector Threats • Legislative changes in gaming sector • Economic condition in UK • Growing competition Overview Genting Berhad (Genting) is a Malaysia-based investment holding and management company. Its diverse business portfolio and its strong liquidity position place it at an edge over its peers. Genting's weak operational performance and declining returns could be of concern. The company's growth could be restricted by factors such as competition and economic situation in UK. However, the company could stand to gain from RWS, its resort project in Sentosa (Singapore). Strengths Strong liquidity position The...
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...1. Task 1 Analyze current scale, scope and diversity of the hospitality industry so that your report will help The Mittal Group to take a decision. 1.1, M1 Assume that if I am a senior team member in “Expert Business Consultancy Firm” then my role is to show/give the information about the current scale, scope and diversity about the hospitality industry so that The Mittal Group will invest in hospitality industry and the information was briefly describe given below:- 1.1 Hospitality industry The Standard Industrial Classification (SIC) (1968) defined it as 'establishments (whether or not licensed for the sale of intoxicating liquors) providing meals, light refreshments, drink or accommodation (.Jones, 1996). Knowles (1996:2) further describes the hospitality industry as 'any combination of the three core services of food, drink and accommodation...a blend of 'tangible and intangible elements - and the service, atmosphere and image that surrounds them. Hospitality defines as the “reception and entertainment of guest, guest visitors with good well and friendly service”. Hospitality Industry is responsible for warm and friendly service to the people who have left their home for different propose service may differ depending upon type of the guest. Some of the examples of the hospitality industry are hotel, restaurant, pubs, nightclubs, travel agency, airlines, hospital etc. (Gurung, 2010) As Nepal is a country of Mount Everest, birth place of Lord Gautam Buddha...
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...Current skill gaps in the Hospitality Industry The main objectives of the assignment is directed towards determining impact of skill gaps on the UK hospitality industry and on the services provided by the entire industry. To be able to address this objective, the researcher would recognize the present recruitment strategies of the hotel, as literature shows that hospitality industry is having a lot of problems in their internal and external recruitment strategies. Also, the assignment shall discuss the skills requirement by the hospitality industry. The study shall also analyze the skill gaps and shortfalls and how these affect the performance of the hospitality industry. Similarly, it is important to discuss the current practices within the industry with regards to training and development which are supposed to contribute towards the enhancement employee skills and talents. The assignment shall also study the state of services provided within the industry in UK wherein customer satisfaction would be discussed and the researcher shall find out about the needs of the customers within the industry. The three main objectives of this assignment are as given below: To investigate the current needs of hospitality industry in the United Kingdom To analyze the current skill gaps and training requirement within hospitality industry. To recommend suggestions for improving the existing or upcoming skills development issues within the industry. Executive Summary The assignment...
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