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Economic importance of tourism essay
How does tourism impact the economy
Economic importance of tourism essay
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Introduction to MICE products
A Convention and Tourist Bureau, also known as a Destination Marketing Organization, is a non-profit body that mainly focuses on the development and marketing of a region or country as a prime tourist destination. They are mainly allied with the respective governments to increase the economic development of their destinations by promoting tourism both for leisure and business. The DMOs are the most crucial part of their destination’s tourist industries as they promote the brand awareness of their products to attract more tourists, and in the long run, more revenue.
Singapore is well known in Asia for delivering personalized business travel experiences. Their MICE industry is under the Singapore Tourism Board (STB) in conjunction with the Singapore Exhibition and Convention Bureau (SECB). The bureau works with the relevant parties to attract and develop business events as well as ensuring personalized delivery of these services. The bureau also develops alliance with international organizations and alliances with Singapore being a member of the BestCities Global Alliance.
Compare and Contrast the Growth Market of Two Source Markets
A PEST (Political, Economic, Technological, and Legal) analysis reveals Singapore to have more potential than Korea in developing their MICE industry. Singapore has one of the best health industries in the world. Their medical tourism is booming for they offer world class medical services at better prices than their competition in more developed countries (Lee & Park, 2013). Their political economy is stable as the various ethnicities and races are represented in the government. Over time, this has attracted investors for the economy is growing and continually presenting...
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...ll their activities in the country
Advertising Using the various platforms such as social media to advertise our country to the rest of the world Increase awareness in the world about our products and services
The Singapore tourism board is adopting increased use of technology to entice tourists. The stakeholders involved in the action include the Singapore government, the Singapore tourism board, the investors included and the event planners and managers who will gain from the increased traffic. The action is planned to take place starting from the marina sands bay which is one of the country’s best event venue. The adoption of technology will involve setting up teleconferencing facilities, increasing their online presence to attract customers and the use of social media would also allow them to respond faster to customer queries thus improving customer service.
Course Name: Hospitality Information System Course code: HISS4701 Submitted in partial fulfillment of the Bachelor Degree in Tourism Hospitality and Entertainment Management Lecturer: Claudia Blythe Name of Group Members: Christal McGillive 09T8160 Kimesha Brown 20131711 Shanice Martin 20131307 Tashana Green 20131565 Due date: Friday October 20,, 2017 SIREV @2017 PCVoyages 2000 Be The Best Agent You Can Be! In store. Over the phone.
Technology has created a major impact on the way in which all organizations market their products and services. With the development of the internet, companies are now able to economically market themselves on a global level. Even smaller companies that were once not able to capture international business due to the cost factor can now do just that. The Washington Plaza Hotel is no exception. The hotel industry in DC relies heavily on tourism as a major part of its client base. Many of these tourists who visit the city are of foreign nationality. It is important that the Washington Plaza Hotel targets these people when marketing the company. Not only do they target the tourist but they also target the international business travelers that come to the city on business related trips. The hotel's website, which gives detailed information about the hotel's accommodations and services, can be accessed by potential customers all over the world. In addition, the Washington Plaza Hotel has teamed up with such web-based travel services like Orbitz, Expedia, Travelocity, Etc. in order to capture more of the global market. Before the existence of the internet, the global market was not easily reachable. Technology has the greatest affect on marketing for many organizations and certainly for the Washington Plaza Hotel as well as the hospitality industry itself.
Internet Marketing News and Know-How. Hotel Marketing. 18 Feb. 2011. Web. 19 Apr. 2011. .
Singapore acts as a role of an entrepôt for Southeast Asia due to their strategic location, port infrastructure and highly skilled workforce. Singapore also purchases raw materials from other country and then refine the product into a better product to re-export. The reason for Singapore to do this is because of the lack of human and natural resources.
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.
In the past, the tourists were usually more influenced by the comments and opinions of friends and relatives; however, social media is taking place nowadays. The impact of social media tools for travelers and hoteliers has been paid highly attention since the presence of TripAdvisor. Because of the development of technology, social media has been widely adopted by travelers to search, plan, organize and share their travel stories and experiences by using the tools like Twitter, Facebook, TripAdvisor, YouTube and some other social network sites.
Janus Corporate Solutions. (2011) Introduction to Singapore’s economy. Guide me Singapore. Retrieved April 4, 2011 from http://www.guidemesingapore.com/relocation/introduction/singapores-economy
(2015) explains the importance of stakeholders with the tourism industry by explaining how each stakeholder influences the industry in offering new destinations, packaging destinations for new clientele, remarketing vacation destination and additional tour companies. Each industry stakeholder has their own agenda in achieving success, but the industry needs to work together in order to achieve success due to the highly competitive nature of business. Economically the industry has been expanding and developing tourism by offering a wide range of destinations and package vacations globally. The industry stakeholders are listening to the customers and offering unique and exciting destinations, thus increasing sales and opening up the tourism industry into a new
Tourism development is a crucial part of Singapore's energy to transform into a lively city and an enhanced economy. Our tourism scene has changed throughout the years, with the presentation of amusement changing tourism offerings, for example, the FORMULA ONE night race and the Integrated Resorts. Other than creating tourist spend, these tourism items give more relaxation choices
Singapore is one of the most beautiful, fastest growing countries in the world and has many attractions for all ages, which makes it a perfect place for a family getaway or a honeymoon. With a motto like “onward Singapore” it’s hard to not to look at the innovations and ingenuity that Singapore has set forth. With many attractions one can keep themselves busy for a long time; with activities that range from viewing the city skyline to catching up on Singapore’s rich history, there is so much to do and so little time. With the abundance of activities and places to visit, the eccentric Singapore has more to offer other then the cultural and heritage aspect, it also has arts, entertainments, nightlife, nature, wildlife, sports, and leisurely cruises of the scenic Singapore. With Singapore’s rich history, fun attractions for all ages, and cultural and heritage aspect, it makes it a must-go destination when traveling around the world.
Tourism is often associated with traveling to places away from home. Tourism has a big impact on the economic growth of some countries, which define the shape of their cities by producing different sectors like historic districts, convention centers, museums, malls, hotels, restaurants, and the list can be endless. Furthermore, tourism elements have been developed by cities for a variety of reasons including: situating themselves in the world by drawing a positive image and attracting visitors and for their money.
Destination management is a practice of leading and coordinating the management of all the elements that make up a destination that contribute to a visitor’s experience, while also considering the needs of the local community, visitors, businesses and the environment. The management of a destination takes a strategic approach to combine the planning, development and marketing as well as communicating how the destination will be managed physically, financially and operationally.
In recent years, tourism marketing has gone through strategic changes with the improvement in new technologies, the chase of a relationship between customers and suppliers as well as the importance of sustainability issues in marketing. Marketing Tourism reconsiders the needs of the tourists but does not overlook on the long term economic, environmental, social and cultural interests of the local population. So, it means that marketing consider both the tourist demand and effect to society as
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a
To promote destinations and build their unique touristic image, DMOs have started using social media as a destination marketing tool. It helps them have a better understanding of how tourists from around the world perceive this touristic destination and build marketing strategies on that basis (Neuhofer et al., 2012 as cited by Kavoura and Stavrianea, 2015) . Social media also help DMOs interact with the tourists and build and maintain online relationships with them which would attract them more to the destination and ensure their loyalty on the long term (Page, Buhalis and Hays,