Sustainability in the MICE Industry: Metro Toronto Convention Centre Meetings, incentives, conferences, and events (MICE) are an important sector of the tourism industry, and for Toronto it contributed to 30% of the Tourism Toronto's investments budget and generated 33.7% of sales within the budget in 2012. (Tourism Toronto: Business Plan and Annual Budget 2012) The operations surrounding this sector bring business and allow the city to showcase and exhibit its culture, as well as, making it
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always take into account the impacts associated with holding an event all through the planning process of the event as well as after the event. The minds of the policy makers and funding organizations are also taxed so as to justify whichever negative externalities and public spending associated with the event (Hede 2007). This paper aims to provide the reader with a detailed evaluation of the current level of understanding of event management and its impacts on the economy, culture, environment and
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luxurious trains are there to help in the transportation of people and tourism goods and also railway stations are available around Zimbabwe with planned schedules. In Zimbabwe there are natural attractions like Chinhoyi Caves, also man-made attractions like the Lake Kariba and cultural attractions like the Great Zimbabwe Ruins. Zimbabwe has the iconic attraction which is the Victoria Falls. Some attractions are designed for tourism purposes for example galleries, museums. Other attractions are designed
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Why Is International Important to Thailand Why is international trade important to Thailand and how do global events impact on global trade? International trade has played an important role to the economy in globalization. Nowsaday, many countries are interested in international business in order to get competitive advantage and can be survive in highly competitive world. They want to enlarge their market to other countries and can get lots of benefits such as seeking the lowest cost
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Local and National Economic Policies Influence the success of Travel of Tourism Industry Most of the countries suffered from recession and the GDP at annual rates for the year 2009 declined by 9.8% in UK and it results in decreased number of tourists. But by changing local economic policies UK government controlled the decreasing numbers of tourist. One of the key economic factor is exchange rate of pound, this rate is quite strong compare to many other foreign currency so foreign traveller can spend
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changes which influence development of international tourism. Recent developments in Tourism on the 21st Century Introduction Tourism is a significant economic factor of nations worldwide. Not only does this help contribute to overall economic gain, but this also enable countries to share their natural resources, gain international recognition and attract prospects for further business transactions. Despite the rise of previous tourism obstacles such as epidemic and terrorism attacks,
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Introduction/History “I’d rather be in a grave in Colombia, than in prison in the United States” said one of Columbia’s most famous drug lords, Pablo Escobar (Bowen, 2001). Although Colombia works hard to portray itself as a tourist destination that has a viable economy, it cannot totally rid itself for being known as the largest producer of cocaine in the world. This type of drug activity is big business and comes with its fair share of crime. Political unrest and high crime aside, Colombia seems to be focusing
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1 Contents 1.0 Introduction ..................................................................................................................................... 6 1.1 2.0 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.2 2.2.1 2.2.2 2.2.3 2.2.4 2.2.5 2.3 2.3.1 2.3.1.1 2.3.1.2 2.3.1.3 2.3.1.4 3.0 3.1 3.2 3.3 3.3.1 3.3.2 4.0 4.1 2 Overview of the Company ............................................................................................... 7 Situational Analysis ...............................
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stay in the Eurozone. Firstly, if it left the Eurozone and adopt the drachma, the country’s economy would suffer from weak currency, high inflation rate and high interest rate. This situation might continue for several years. The Greeks’ living standard then would become much worse than now. Secondly, Greece cannot benefit a lot from the weak currency. The current dominant industry in Greece is the tourism. Greece doesn’t have many natural and labor resources, and doesn’t have high-tech industries
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Hello and Good Morning. Today I will be talking to you about the environmental and economical impact of the Bathurst 1000 on the local area and NSW as a whole. For anyone who doesn’t know the Bathurst 1000 is a 1000km V8Supercars race which is held at Bathurst annually on the second weekend of October. The race has been held there since 1963 at the Mount Panorama track. The race is also known as the Great Race or the second race that stops the nation behind the Melbourne Cup. The Bathurst 1000 is
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