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Importance of statistics in business decision making
Economic impacts of cruising in the Caribbean
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Brida, J. G., & Zapata, S. (2010). Economic impacts of cruise tourism: The case of Costa Rica. Anatolia: An international journal of tourism & hospitality research, 21(2), 322-338.
This is an Economic analysis of the impacts of cruise ship tourism specifically pertaining to Costa Rica. The analysis was published in the “International Journal of Tourism & Hospitality Research”. The source has trusted information written by two established, well known, professors, in the tourism field, Juan Brida and Sandra Zapata. The source houses a wealth of statistical information that illustrates the positive impacts that cruise ships have on Costa Rica. Not only does the article have data on the exact number of cruise ship passengers that
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The article was written by professionals at the School of Logistics at Inha University in Korea. This source discusses the newly immerging cruise industry in various Asian countries. The researchers came up with mathematical equations to foresee the economic impact the industry will have on various Asian economy’s. With the information predicted, the data was organized into charts that breach down each expenditure into sectors such as, food and kindred products. The information presented could present a bias considering the researchers are Asian and they are forecasting the outcome and effects on an Asian economy. Overall, the source presents statistical data, of the benefits of the cruise ship industry, in an emerging market. This source was extremely difficult to locate. I had to spend a lot of time on EBSCO trying to re-find it. The content presented comes from an interesting perspective considering it is a mathematical prediction. I feel because it is a predication it will not have a concrete impact on the reader. I originally found the source useful, but after a closer analysis, I found the information is just too vague. I do not see this source being used in my research …show more content…
The editor, Clement A Tisdell, is from the University of Queensland, Australia and focuses on tourism economics. The information from the handbook is well trusted with every fact or claim having its own individual citation for verification and further studies. This source surprisingly, had more information on the background and current state of the cruise industry than it did about economics of it all. The article does provide valuable data when it comes to the increasing trends of the industry which could then be related to the outcomes of the also increasing economic
Tourism impacts can be generally classified into seven categories with each having both positive and negative impacts. These impacts include; economic, environmental, social and cultural, crowding and congestion, taxes, and community attitude. It is essential for a balance on array of impacts that may either positively or negatively affect the resident communities. Different groups are concerned about different tourism impacts that affect them in one way or another. Tourism’s benefits can be increased by use of specific plans and actions. These can also lead to decrease in the gravity of negative impacts. Communities will not experience every impact but instead this will depend on particular natural resources, development, or spatial patterns (Glen 1999).
“The Dominican Republic is a middle-income developing country primarily dependent on agriculture, trade, and services, especially tourism. Although the service sector has recently overtaken agriculture as the leading employer of Dominicans, agriculture remains the most important sector in terms of domestic consumption and is in second place in terms of export earnings. Tourism accounts for more than $1 billion in annual earnings. Free Trade Zone earnings and tourism are fasted-growing export sectors.” In the following essay I am going to write about how important is tourism and agriculture is for the Dominican Republic Economy.
Pattullo, Polly, Last Resorts: “The Cost of Tourism in the Caribbean”. Kiniry and Rose 590-598. Print.
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
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.
UNEP, ‘Leakage’ 2013. Negative Economic Impacts of Tourism: Leakage. [online] Available at: http://www.unep.org/resourceefficiency/Business/SectoralActivities/Tourism/FactsandFiguresaboutTourism/ImpactsofTourism/EconomicImpactsofTourism/NegativeEconomicImpactsofTourism/tabid/78784/Default.aspx [Accessed: 10 Nov 2013].
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 addition to a growth in numbers, tourism industry is one of the economic sectors that grows the most. There are two charts to take into consideration: the first concerns the incoming tourist amount, the second one the amount of money they spend in the country (this is the one that really interests us). In the latter chart, Spain is in world’s second place after the USA and we go down to the sixth
Barbados previously dabbled in the mass-tourism industry, but currently primarily offers a more up-market and luxury product. The success of tourism was traditionally measured in percentage annual increase of arrivals, however this type of measurement ignores important variables such as length of stay or visitor expenditure and seasonal variations. This fa...
The impact global mobility has had on tourism is ever increasing; the growth of tourism presents many difficulties to a country's environment. As the development of tourism become more extensive, negative changes in the environment began to show (Husband & Harrison, 1996), the capability to absorb large numbers of people are constantly being challenged (WTO, 1990) and environmental problems tend to rise. In relation to the case study, over the past two decades tourist arrivals onto the island of Mauritius have increased at an approximate annual rate of 9 % with an equivalent increase of approximately 21% in tourism proceeds. The tourist arrivals are constantly increasing, thus rising from 103,000 in 1977 to a significant 656,450 in 2001, this shows more than a 600% increase (WTO, 1990). These figures are substantial and could be the reason to why recently due to the development in global mobility; Mauritius has been facing some considerable negative environmental impacts from the tourist industry.
The following report provides an accurate and informative overview of the nature of tourism, its history and growth, the structure of the New Zealand industry and the impact of tourism from a New Zealand perspective. The report will draw a conclusion which Highlights area of consideration in tourism planning.
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.
According to the ‘World Tourism Organization’ (UNWTO), the tourism industry is one of the fastest growing sectors in the world, as it is estimated that by the year 2020, 7.8 billion people (roughly a quarter of the world’s population) will embark on a foreign trip (Bennett & Gebhardt 15). The Caribbean is said to be the most economically dependent on this industry, as the ‘Caribbean Tourism Organisation’ states that the industry forms the “economic backbone of most countries in the Region”(“Caribbean Tourism Industry” 1). The implications for tourism’s affect on the region have arisen and have prompted further research into this matter. Since the 1970’s, research regarding tourism in the Caribbean has attempted to determine the social, cultural, environmental, and economic impacts of tourism. Much of the research has found that there are in fact many negative adverse effects, and Jackson’s article asserts that, “Governments often commit money and other resources to support the growth and development of tourism and often turn a blind eye to its negative impacts” (574).
This report was commissioned to research aspects of Globalization in tourism industry. It was requested in September 2014 by Ziene Mottiar; as an assessment as part of the Global to Local: the economic geography of the tourism industry module. This assignment will combine theory, definitions, statistics and overviews.
The size of the destinations is directly linked to the effects of cruise activities. Smaller host destinations are able to concentrate their services on luxurious vessels. Cruise ships are faced with competition from other forms of the tourism industry. Other industries that are directly linked with the tourist activities include the hotel and accommodation, which provides food and beverages, attractions and tour operators. The level of competition in these industries on the destination areas is intensified. It leads to a struggle for customers on land tourist, air and from cruise passengers. Cruise ships face a lot of competition majorly from land-based resorts. There is also the issue of changes in a season where some are characterized as peak and others depressions. The strangest thing in cruising industry is coming off the peak at the same time, which is possible within a port. In the case of Costa Rica, there is a direct competition due to the occurrence of peak season for both cruise tourism and other forms to obtain touristic goods. For cruise ships, they have a considerable advantage since they offer floating hotels and accommodation facilities to their passengers making the best substitute for air tourism. On the contrary, port hotels and accommodation are disadvantaged. This is because some of the passengers would prefer being in the ships other than the destination visited.