In the travel market, the cruise industry is one of the fastest growing industries. The underlying industry is growing rapidly due to the innovation in its products. After the year 1980, the cruise industry has faced the passenger growth rate at 7.8 percent annually. There are different products of the cruise industry. The underlying industry helps to fulfill the vacation desires of the guests. In vacations, several individuals visit in different places so the underlying industry help these guests for visiting. Cruise market helps to provide millions of jobs to different individuals. The underlying industry provides the best business opportunity to the individuals and provides them a suitable job and helps to reduce the unemployment. The cruise …show more content…
Different cruise companies spend a lot of money on the modification of the products in order to enhance the number of customers. The underlying industry plays an important role in reducing the unemployment because it provides millions of jobs to the individuals. So that the underlying industry also helps in enhancing the economy of the country. In each and every year, the cruise industry has ordered different ships in order to serve the large number of passengers. The new ships have more value and are expensive more than the 20 billion dollars. New and innovative ships help to increase the number of customers of the underlying industry and help to enhance the profitability of the underlying industry (Giachetti et.al, 2013 p.500). The cruise industry is also one of the best examples of globalization. The new cruise ships help the passengers in providing the best services. The cruise company has increased its ships rapidly in order to serve large number of passengers. Research indicates that from the last 20 years, the annual growth of the cruise industry reaches to 8.5 percent and the cruise industry has total 90 million passengers which have increased in every year due to the innovation and creative designs of the cruise ships. The cruise industry provides the enjoyable experience to the passengers. After the year 2005, the cruise company replaces the old ships from the new one having the new design and structure of the ships. The main purpose for the exchange of new ships is to enhance the number of passengers (Terry 2014
The corporation can use its name as its strong base to attract the attention of new customers as well as to make certain that it is holding on to the old ones. Furthermore, economy of scale plays a significant role in this industry. Travelodge has a higher profitability aspect than the single operations (Wilkinson, 2013). If a new competition enters the market, they will find it difficult to compete with Travelodge as setting a proper quality and price regarding the economies of scale takes time. For Travelodge management, the capital intensive industry is tied with the fixed costs which make the entry of any entrant extremely
Currently, foreign cruise liners operate almost completely outside of the scope of the U.S. tax system, and this arguably has a discriminatory impact on U.S. cruise lines. Generally, if a foreign corporation is deemed to have a permanent establishment in the United States, they are subject to a tax on the portion of their income that is attributable to the U.S. For example, if a foreign clothing company, had just one small store in Miami where there could be “continuous and systematic” presence, it would be viewed to have a permanent establishment and taxed 30%. Since foreign cruise corporations fall into the category of “shipping,” the headquarters they have in the U.S. aren’t considered a permanent establishment. Therefore, the U.S. isn’t
Imagine: It’s Saturday morning in Charleston, South Carolina. On this brisk morning, a resident is reading a book with a cup of coffee on the porch of his historic home. Without warning, a boisterous call from the PA System of a cruise ship pierces the tranquility of the morning. This call signals the departure of the cruise ship, which is then followed by an unnecessary horn, wailing four times. According to a citizen of Charleston, this is a common scenario as it repeats 104 times a year. The cruise ship in Charleston disrupts the residents, pollutes the atmosphere which harms the historic infrastructure, plunders city laws, harms marine life through waste dumping, blocks beautiful views through violating building height codes,
The national transportation system was composed of relatively discrete units of rail, road and water transportation sub-systems, which interfaced by necessity rather than by design. Today, due to increasing cargo volumes and competition from other national port systems, the cornerstone of our national port and waterways system must be the recognition that intermodalism maximizes the efficiency of our system and provides the well marked pathways to future planning and development efforts. Intermodalism requires a seamless transportation system, which provides smooth transition of cargo from one transportation mode to the other. It also requires the recognition that the waterborne and land based infrastructure must develop with the needs of the users in mind. These developments must include developing technology in the areas of ship design and onboard equipment, vessels traffic systems, aids, and port access programs that efficiently link marine transportation systems to their rail and road links.
The Provision Master is facing a challenge jobs because the Provision Master must analyze the previous trips experiences, the season, and the current customer base so that enable to come out a list which can satisfy the passengers’ need. The Provision Master may need to consider where the passengers from like US based, European based or Asian based because different region passengers consume different things. The Provision Master also has to consider the number of child passengers on the cruise because they consume less than adult passengers. When the list is finalized, it is transmitted to RCCL’s procurement department, which then does an extract in the system and sends purchase requisitions to suppliers via electronic data interchange (EDI), fax or e-mail.
This report provides an analysis and recommendation of current issues faced by Singapore-based Meli Marine, a leading container shipping company in the intra-Asian market, weather gain a presence in the Asia-North America trade routes through an acquisition of 16 vessels of Teeh-Sah Holdings. On the surface, this opportunity would expands Meli’s business and diversify it’s operations and provide a protect function against a downturn in intra-Asian market. But, this oppotunity will bring Meli lots of economic risks. It would return Meli to its former less flexible model with owning vessels also. I recommend that Meli giving up this opportunity and keeping going current excellent customer service then gradually into TransPacific
A second strategy that has been rejected is one concerned with the consumer awareness of SGC. Currently, SGC is only advertising to travel agencies. Coupled with segmentation, SGC’s current advertising strategy has hurt SGC in the sense that consumer awareness is considerably low. Only a small portion of the population even knows that Sea Goddess exists. SGC is only targeting those who travel frequently. They may want to target the portion of the population that wants to travel, but is unsure of where to go or what to do. In order for SGC to reach the consumer, new efforts must be made in the advertising plan. Mere travel agency recommendations are not going to be enough to keep SGC alive in the marketplace. Other vehicles are going to be necessary to spread SGC’s message about the luxuries and benefits of this extraordinary cruise. At the present time, only a small number of all travel agencies have the sufficient knowledge that it takes to make an informative sell to the consumer. It may be profitable for SGC to employ some hi...
For the introduction, brief information regarding my purchase and the travel and tourism industry is presented. It was then followed by the explanation of the 2 chosen theories from two different chapters.
In 2013-14 Tauranga had 83 voyage calls, 25 vessels entering with 83 port days in total. They also had 100 unique passengers and 149,000 passenger port days. Tauranga has established itself as a go-to destination for cruise passengers, with its natural beauty and friendly locals it is not hard to see why. Over the years, Tauranga’s cruise tourism has changed from the 2013-14 statistics, the amount of voyage calls this year has gone down but the amount of unique passengers has gone up to 160,100.
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a
The Hotel industry has become very important in the past years due to immense traveling and growth of international business. Hotel industry not only plays an important role in the life of people but as well as the economy of the country. Development and advancement in the Hotel industry have rapidly been taking place and especially since the rapid change in technology, it is very important for hotels to be promptly keeping up to date. When the hotel industry is spoken of, there are many famous hotels but one hotel company that has been outstanding in growth and other aspects of business, like in Leadership, Teamwork (Employee turnover), Motivation (Customer retention and satisfaction, Goals and objectives, (changing the way hotel business has worked), and Change within the company; structurally inside and physically outside, adding elements, like entertainment, gaming, and outdoor activities, is the Hilton Hotel Company.
Tourism and Hospitality has developed rapidly and becoming extremely important to economy in the world. The income that several countries in the world receive from tourism industry can be reached to $1billion per year. In addition, Marketing is one of the most important factors that help and effect to tourism industry in many positive ways. Marketing evolved in the tourism industry since 1980. It promotes tourism industry by encouraging the tourists to travel at their destination with the strategy that made up to the tourist satisfaction. However, a marketing strategy does not have to be complex, in fact it should be a easily understood which ensure the advantage of marketing of the products and services to the tourist business to obtain positive
1.2 Problem Formulation In the problem formulation part of my report I would describe the overall situation of the U.K Tourism industry. The service concept of “Simply Travel” will give us information about the services provided by the company. I will find out about the customers, competitors of the company. I will find out what political, economical, social and technological factors affecting the company and its demand situation.
Wow! I am really going on a cruise today. When I get all my things together at my house I hit the road and drive to our destination.When I arrive to my destination, there is very many people there,and very enormous cruise ships beside me. I walk around for a little while until they tell me to get ready to border the ship. It takes me a while until I reach the entrance to the cruise. When I get closer it gets bigger and bigger and it blocks off the sun from me. When I look up to the entrance the door rises down and everyone hurries in so they can get in their room and I do the same. I finally reach the top and I go inside and it is very magical and wonderful.
The consumer, due to the economic decline, has developed a taste for an economical traveling experience, these substitutes offer cost undercuts. According to the United States Department of Labour, the unemployment rate in the US averaged to 8.9% in 2011. Higher unemployment rates strains discretionary spending, which in turn reduces the leisure travel by the customers. Sluggish wage gains and a credit crunch are all expected to keep customers relatively cautious in 2012. Thus, a weak economic outlook for the important markets of Hilton Worldwide would put pressure on its top line and bottom line growth (Hilton Worldwide, 12).