Japan also earns US$ 10. 8 billion from tourism per year. Not only in Vietnam – a developing country, tourism revenue holds 55% of the total foreign exchange incomes, but also in America – a developed country, tourism also brings this country US$ 110 billion per year. The other remarkable thing is that the tourism plays an important role in the development of the underdeveloped and developing country.
This was proved in the report quote of the president of World Tourism Organization in 2006: “the amount of money, which the tourists bring for the underdeveloped areas on the world, is slightly more than the humanitarian aids from the Non-governmental organizations”. Besides, when a country has the large number of foreign tourists, not only the image of the country, people, but also economic potentiality in this country will be known clearly in the other countries. There was some businessmen who combined travelling and looking for new business opportunities.
It is a good and easy way to find out about lifestyle, hobbies and needs’ inhabitants and social and economic conditions in a country before the foreign investors decide to invest into this country. The investments not only focus on the building many resorts and hotels or the opening more tours to develop tourism, are also into the other industries such as fashion industry, food industry which includes export and import the variety of food, drink and fruits to supply the eating and drinking needs in many countries and even luxury goods industry which includes export and mport cosmetics, jewelries, tobaccoes, beer and wine. In additon, there are a lot of golf grounds were opened in almost all countries. They are good places where the businessmen come to play golf together and talk about the business opportunities. It is a beginning of the business contracts about investment and cooperation in the future. Tourism really opens a lot of new business opportunities and has the good effects on the economy of al the world
The Term Paper on How Can Tourism And Hospitality Businesses Manage Their Enterprises To Account For Fluctuations In Demand?
How Can Tourism and Hospitality Businesses Manage Their Enterprises to Account for Fluctuations in Demand? Every industry is always faced with some points of ups and downs in terms of demand and supply. This is an implication that the market is not constant or moves in one direction of steady rise in supply or demand. However, it is important to note that the fluctuations or ups and downs in ...
