tourism

The importance of Travel and Tourism as a mechanism for economic development and job creation is clear. Tourism plays an important role in the socio-economic development of a country. It also has become an extremely important industry in Malaysia. Tourism industry can be indicated as an important sector for the Malaysia economy. 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, stabilising influence to the extent of welfare benefits. Second, tourism has significant backward linkage, meaning that an increase in the tourism expansion has great potential to expand output which correlated to the tourism industry. (Rupa, 2009, p. 128-129). Tourism is an important economic activity in Singapore. The Singapore’s government is thus must give an obligation to its tourism in order to facilitate development, international tourism and a sustainable economic growth.

Based on the calculations, it is clear that Amazon generated more revenue during 2010 to 2013. The revenue increased from 34.204 billion to 74.452 billion. However, the revenue growth rate dropped from 39.56% in 2010 to 21.90% in 2013, which means that the revenue growth was slowed down during this period. Amazon’s gross margin remained stable during ths same period. These facts indicate that Amazon’s cost of goods sold grew faster than its revenue.

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

This is explained by the higher increase in the average inventory (37%) than the increase in cost of sales (29%) during 2005. This means that the rate at which inventory is sold is dropping • The vertical analysis shows that the percentage of total current assets to total assets increased from 50% to 52%. This means that IQ has not made major investments in the business during 2005. Woqod The analysis shows the following findings in terms of Woqod’s liquidity: • The horizontal analysis shows that Woqod’s total current assets increased by 69% and its total current liabilities increased by 102% during 2005. This is largely explained by the increase in receivables, the increase in inventory, the increase in loans, and the increase in payables.

CHAPTER ONE INTRIDUCTION 1.0 Introduction Nowadays, there are many factor affecting tourism industry and its become more important sector for both developed and developing countries. Tourism industry is about the people and their activities that involved in providing services for people during holidays, for example tour guides, hotels and restaurants. Tourism industry also included in the international trade between tourism from foreign country. Now days, the tourism arrival become one of the major business sector to the many country where they support and contribute to national economic growth. From that, we know Malaysia is one of the famous country in the world tourism industry.

As the relative role of the private sector increased in the economy, the importance of enterprise management and performance correspondingly increased. Looking more deeply at Thailand’s performance, manufactured exports grew by about 23% per year between 1980 and 1995, almost doubling during 1992-1995. However, in 1996 export growth fell practically to 0 per cent, with labor-intensive exports usually identified as the main culprit. Certain factors are generally cited as responsible for this abrupt and dramatic decline: · External factors cited included the emergence of new competitors, with the coming on stream of new production facilities in lower income/lower wage countries such as China, Indochina, Philippines, further complicated by the30% devaluation of the Chinese yen in 1994; · Domestic factors cited generally relate to rising wage rates and overvalued exchange rates. Domestic wage rates during 1991-95 rose about 11%, on average or about 5% increase in real wages per year, cited as the key factor in the slowdown in growth of labor intensive exports.

Tourism is a low import user which means more of the money earned here stays here. The government is earning money through tourist taxes such as the airport tax, increased export earnings and income tax revenue from people employed by the industry. A balance must be struck between these benefits and associated negative impacts on the community and the environment. If New Zealand is to see more growth in tourism we must try and make the country more attractive to visit. More flights, low visa requirements, favorable exchange rates are all facilitators that will make New Zealand more appealing.

Tourism leads to the creation of job opportunity, improvement in the level of development and infrastructural expense. Developed and developing countries where tourism activities are more pronounced is likely to rise due to a high level of employment. According to other studies by Sharma, the levels of benefits obtained in the two categories of countries vary (Dowling, 2006). The related opportunities and the positive impacts associated with tourism have persuaded cruise industry to increase their expenditures in order to boost the local economy. Opportunities presented by venturing into cruising are believed by many communities to be a way of solving economic problems.

However, tourism has also brought challenges for Singapore such as loss of culture in order to meet needs of tourists and limitation of land usage. As mentioned above, tourism plays an essential role in the economy of Singapore. Tourism has increased the sales of numerous industries which involve in tourism activities. On the oth... ... middle of paper ... ...f additional jobs that increases employment rates. However, Singapore is also facing challenges from its tourism activities.