tourism industry

A tourism development funds aim to foster infrastructure and product development, strengthen the industry capability and attract “iconic” or major event. Such as hotel, retail and leisure facilities. Likewise, the Singapore Tourism Board (STB) oversees tourism planning, development and marketing as well as economic sectors have mutated into a key driven of economic growth and tourism development are thus contributing economically significant to Singapore Gross domestic Products (GDP). This has shown that focusing on the tourism industry is the right choice. 2.

Significance of tourism and hospitality Tourism has enabled new waves on the world new horizon. Tourism has made the world a truly global village. It is among the fastest growing sectors in the economy and has significant impact on the environment, society and economy in both positive and negative ways. Tourism combines attraction, accommodation, transportation amenities, restaurant, entertainment activities and shopping. It is one of the most important tools for economic development.

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.

Moreover such table also indicates that, the main contributor to the total tourism expenditure was inbound tourism expenditure. The economic impacts of tourism industry normally focus on indirect impacts which change in sales, income and employment in a region resulting from tourism activity (Daniel J.Stynes, 1999). In Malaysia, tourism is main source and the biggest contribution in economic country. Tourism has potential to contribute sales, profits, jobs and tax revenues, it is the most important reason why the government is attempting to support and boost tourism development. Currently, tourism industries become increasing essential... ... middle of paper ... ...l Airport 2 (KLIA2) is built to replace the Low Cost Carrier Terminal (LCCT) in order to cater for the explosive growth in low cost travel.

Tourism is a worldwide force for economic and regional development. Tourism development carries with it a blend of advantages and costs and the developing field of tourism economic is making an essential commitment to tourism approach, planning and business practices. First of all, this chapter provides a brief introduction of tourism industry and its impact towards the economy. Introduction of tourism industry make reader to understand deeply on how tourism industry will impact economy in Malacca. By understanding this background of research, problem statement and objectives can be identified in this paper.

Countries use this balance to pay their imports and return the foreign debt which is crucial for economy of a country. According to Holloway and Humphreys, ‘the outflow of British money in the form of spending abroad by British inhabitants considers an import, while the inflow of remote holidaymakers cash spent in United Kingdom considers an export to foreign exchange balance’ (2012, p112). It is obvious that the more tourists come to country, the more exchange balance will be improved. As a consequence of this balance of payments, the country’s economy will develop considerably. Thus, government might reduce taxes for citizens or can improve infrastructure of city and can perform other actions that might improve the quality of citizen’s life.

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.

The notion of motivation plays an instrumental role in decision making as well as desiring satisfaction from consumer perspective. The tourism industry is highly dynamic and influenced by varying forces based on the behaviours of the consumer as well as the aspect of motivation. The concept of tourism typology contributes to a large part in comprehending the aspect of tourist needs as well as motivation. From this perspective, avenues towards satisfying and motivating tourism from around the globe can be developed. Notably, the development of tourism industry in based on the two fundamental concepts, the consumer behaviour and the typology of the tourists.

Tourism is a social, cultural and economic signs which involves the movement of people going to countries or places outside their normal environment for leisure, business and other purposes. Tourism industry is an industry which its activities produce tourism characteristics products ("World Tourism Organization", 2014). Some of the products are accommodation services, transportation services, food and beverage serving services, travel agency services, recreational services and etc. Singapore is known as one of the most developed countries where its residents enjoy a very high standard of livings ("Singapore Profile", 2014). In addition, it is deemed as one of the world's most prosperous places and safe havens for foreign investors.

Malaysia’s tourism achieved above expectations in 2013 with tourist receipts of RM65.44 billion, which exceeding the target of RM65 billion. The foreign exchange earnings also grew by 8.1 per cent from RM60.56 billion in 2012, an increase of RM4.89 billion. In terms of tourist arrivals increased by 2.7 per cent to 25.7 million compared to 25.0 million in 2012 (The government of Malaysia, 2014). Meanwhile, Malaysia expects to earn RM168 billion from the targeted 36 million tourists arrivals by 2020 under the Malaysia Tourism Transformation Plan (MTTP). Despite, the factor that leads the success of Malaysia’s tourism is tourism planning and arrangement for tourism development that the government plays greatly important role to the tourism sector, it is evident that the government is attempting to implement the tourism policies and strategies as well as to provide various campaigns and programs in order to achieve the tourism goals.