This paper aims to investigate ways which Dubai have used to attract globalization and develop their tourism industry. Dubai put tourism at the core of its economic development plans in order to diversify and strengthen its economy, while decreasing its dependency on fluctuating oil prices (Sharpley 2008). The plans have been successful; in 2007, non-oil revenues contributed to 63% of GDP, with Dubai contributing 29%, to the UAE’s total GDP. What is more surprising is that due to Dubai’s push to use tourism to diversify its economy, Dubai contributes over 80% of the non-oil related GDP in the UAE. Dubai is now considered one of the top tourist destinations in the world.
The tourism business is a significant supporting pillar of the Hong Kong economy. It contributed a sum of 22.0% to Hong Kong's GDP in 2014 (Turner). The administration keeps on building up an extensive variety of differentiated vacation spots during that time to improve Hong Kong as a top of the line vacationer goal. A portion of the attractions comprise of The Ocean Park, Hong Kong Disneyland and Ngong Ping 360 (Tourism Commission, 2010). Having these attractions, it will support Hong Kong economy and expand upon their existing status.
In the century of the globalization, tourism has become an important factor in most countries economy. Tourism sector is main financial source for development in some least developed countries and at its turn, developing and developed countries benefit from tourism significantly especially host countries. According to United Nations World Tourism Organization UNWTO (2011) the contribution of tourism to GDP of the world, which is equal to USD 2,155.4 billion, worldwide is estimated at some 5 percent. Tourism influences host countries economy positively by reducing unemployment rate, improving international exchange and increasing income for a host country. One of the main advantages of tourism for host country is additional job creation that
The Pacific Rim has a rich relationship with the tourism industry, with people all over the world highlighting the regions population for good hospitality. Countries like Indonesia and Thailand have used tourism to assist build formidable economies. Tourism within this region is mainly based on leisure along its warm beaches and historical and cultural tours. The average number of tourist in this region per country is relatively high ranging from 5 million in larger destinations like Indonesia to 1 million in Vietnam. Seasonality in the region has its Peak seasons set from July to Oct and Dec 15th to Jan 15th and low season from October to April.
It has been identified as the second largest foreign exchange earning sector and helped to strengthen the Malaysian economy in terms of international trade (2011). Thus, the government has made all possible effort to encourage people to visit places of interest in Malaysia. Hence, this paper analyzed the Malaysia’s tourism industry. It also discussed develops to the growth of tourism in the country. It explored the Department of Tourism’s tourism strategy, looked into the proposed possible alternatives for improved tourism in the Malaysia.
Asia Pacific region was the world’s highest growing in terms of the tourism industry in 2004. Therefore, the revenue from tourism industry is one of the significant sources for developing country in this region. According to Zhang, Qu and Tavitiyaman (2009), tourism is playing the major role to enlarge the foreign exchange earnings, increasing the number of international tourists in a growing labor-intensive industry (Richer, 1999). As a result, most tourism destinations attempt to be attentive on their country’s image to raise the number of foreign tourists for generating more income to their nation and local community (Henkel et al., 2006). Since 1960, Thailand is one of the countries with tourism that rapidly raised the number of foreign tourists from 0.08 million to 11.5 million in 2005.
The Influence of TripAdvisor Consumer-Generated Travel Reviews on Hotel Performance. Vermeulen, I. E. & Seegers, D. 2009. Tried and tested: The impact of online hotel reviews on consumer consideration: Tourism Management: 30: 123–127. Sparks,A., B. & Browning, V. 2011.
The company used the reporting study to compare profitable companies that had sophisticated models about corporate travel programs and had substantial financial information. The company also used the descriptive study; this research method was used to collect data that revealed how the stakeholders were going to benefit. The explanatory study was used to explain the reason taking measures was going to be beneficial for the company and the predictive study was used to create models that would predict the outcome in a course of three to five-years. Conclusion In conclusion, PricewaterhouseCooper conducted a research study for IBTM to evaluate the effectiveness of business travel management in creating shareholder value. PricewaterhouseCooper performed the study by using all four research studies.
A liberal economic approach by the government has attracted many business and visitors with the allure of a low-taxation, business ... ... middle of paper ... ...bai hosts many other extravagant buildings and places. Dubai is home to the Dubai Cup, which boasts the largest prize money for a horse race. The world’s tallest hotel, the Rotana Rose Tower, is also located here. Works Cited Acuto, M. (2010). High-rise Dubai urban entrepreneurialism and the technology of symbolic power.
Nonetheless, in terms of returns, the developed economies are the prime beneficiaries of tourism. US Major Industry: Economic Impact and Tax Revenue The United States tourism industry is very essential to the American economy as it is the largest service export and a source of employment (income) to millions of its citizens. As the world economy gradually recovers from the financial crisis, tourism is predicted to grow considerably in the next five years. Given the significant role played by the industry, the US economy will reap optimum benefits. Tourism also encompasses international travels to the US whether for business, educational, medical, leisure or even visiting friends and families staying in the federal republic.