Got a tricky question? Receive an answer from students like you! Try us!

Tourism market demand: recent trend of customers in emerging economies. - Essay Example

Only on StudentShare
Masters
Author : teresakonopelsk
Essay
Tourism
Pages 14 (3514 words)

Summary

According to the World Tourism barometer, the tourism industry has been changing rapidly in the international markets and changes in the trends of the customers in the tourism markets are likely to produce to positive results of tourism in near future. …

Extract of sample
Tourism market demand: recent trend of customers in emerging economies.

The tourism industry is one of the important businesses in the service sector of the emerging economies. According to the World Tourism barometer, the tourism industry has been changing rapidly in the international markets and changes in the trends of the customers in the tourism markets are likely to produce to positive results of tourism in near future. The activities of the tourism have been a huge source for the economic growth of the emerging markets. The inflow of tourists has led to the increase in foreign currency and cash flow in the emerging markets that have played the crucial role of stimulating the market demands. The changes in the recent trends of the customers of the tourism industry have been favourable for the destinations and the markets in the emerging economies as it contributed to the growth of the economy and also creating employment opportunities in the markets (Waheeduzzaman, 2008, p.312). The recent trend of tourism in the emerging markets could be explained by the theoretical framework of tourism. The social media and the information and communication technologies have played a significant role in the growth of tourism in emerging markets. The role of social media has wide implication for the tourism industry and the customers in the emerging markets. The contribution of the social media and the information and communication technologies, the implications of its wide use on the tourism industry could be considered as important factors for explaining the recent developments on customer trends in the tourism markets of developing countries. ...
Download paper

Related Essays

Tourism Demand to the Portfolio of a Developing and Developed Country.
Tourism is defined as travel for the purpose of business, leisure or recreation. However, tourism is a very important sector for several economies because of the resultant inflows of huge amounts of money in business activities as well as creation of employment opportunities in services associated with tourism such as hospitality services, cruise ships, entertainment, airlines and transport. This paper has examined the different aspects of tourism demand and after having defined the concepts and models of tourism, a detailed analysis has been made of the demand for tourism in Switzerland and…
14 pages (3514 words)
A recent crisis in tourism in Thailand
Center of discussion in this paper is Thailand as the second –largest player in the tourism sector in the region and one of the top 30 destinations in the globe both in indirect and direct contributor to GDP and in absolute terms. In 2010, 15.8m foreign tourists visited Thailand. However, the arrival of the foreign tourist sharply declined by 12.9% in May 2010 as contrasted the corresponding period in 2009. In the last two decades, Thailand had witnessed one after another worst crisis. The decline in numbers in 2010 was due to long-run street protests in Bangkok that dispirited the foreign…
12 pages (3012 words)
Post-Tsunami Tourism in Thailand
According to the research in the last decade, the tourism industry in Thailand has been growing and the UNWTO has observed that tourism will continue increasing in developing countries in future. Statistics show that Thailand is one amongst world’s 50 developing countries with tourism as the primary industry sourcing foreign exchange. Regarding tourist arrivals, Thailand is estimated to have 6.9 percent growth in tourist arrivals by the year 2020, having 37 million people visiting the country. It should be mentioned that this would be almost 10 percent of the entire Asia pacific tourism…
21 pages (5271 words)
Emerging Tourism Markets and destinations ( chosen destination New Zeeland)
xi). In order to take advantage of this opportunity, the Prime Minister at the time, Helen Clark, made a documentary called New Zealand: the Royal Tour (2002).Suddenly in the spotlight, the nation had the opportunity to increase their tourism, increasing the economic benefits and placing the nation on lists of desired destinations for tourists around the world (IMDB 2013). Prime Minister Clark was able to show her own capacities in being a part of the natural world, providing for eco-tourism enthusiasts to have a unique glimpse of the beautiful and almost untouched landscapes. 2. Overview The…
8 pages (2008 words)
not settled
These markets are under direct influence of local visitors as well tourists since traders and local authorities respond to general behaviour of such visitors and introduce changes in markets that would satisfy consumers’ demand. Where local residents and individuals operating in these street markets mainly share same cultural and social background, it is important to examine how such markets respond to requirements of tourists. The purpose of this research is to examine possible impacts of tourism on street markets of London. The research methodology selected is qualitative form of study and…
44 pages (11044 words)
A study of Relationship Among Visitor's Experience, Travelling Motivation, Destination Image, Service Quality, Satisfaction an
Hence, it has become a great concern for parents to spend quality time with their children and undertake meaningful cooperative activities. In addition, proper leisure time management and conveniences of air and sea transport, family tours have become more popular in recent times. According to the World Travel and Tourism Council, WTTC, Asia Pacific Economic Cooperation and APEC data, tourism travelling encompasses activities such as restaurants, leisure entertainment, transportation, accommodation and travelling service, implying that tourism is indeed made up of big enterprises, which bring…
98 pages (24598 words)
Ecotourism in the UK Tourism Market.
In this regard, the dimension of eco-tourism has gained relevance in the global market in the past few decades. It has its relevance primarily in the niche market and is trying to gain sustainable development. Ecotourism is different from the other forms of travelling as it focuses on conserving natural areas by sharing knowledge and educating the people about the benefits of these resources. Ecotourism as per the researchers is interested in wasteland locations and pristine areas. Ecotourism creates benefits by travelling in natural areas and exhibiting education to the people (Wood, 2002).…
7 pages (1757 words)