HOSP450 Discussions Week 5

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HOSP450 Discussions Week 5
In this discussion thread this week, we will talk about tourism supply and demand. Let’s begin…

 

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HOSP450 Discussions Week 5

HOSP450 Discussions Week 5

All Students Posts 82 Pages

Tourism Supply and Demand – 42 Pages 

In this discussion thread this week, we will talk about tourism supply and demand. Let’s begin with supply. Give some examples of supply as related to tourism. Begin with defining tourism supply, then give examples. Supply and demand is a “heavy” topic.

It’s in all sort of business. So when we look at our industry – what are some challenges associated with supply and demand that are specific to the tourism industry? Take a look in our textbook to get some ideas. The WTTC and other tourism organizations do a good job forecasting tourism demand. Why do you think forecasting demand is so important to our industry? After all, a forecast is a prediction and it’s difficult to accurately forecast anything, really, since we don’t hold the ability to see into the future. So why is it so important then?…

Tourism Economic Impact – 40 Pages 

In what ways was the tourism industry impacted with the economic collapse of 2008?
What are some innovative ways the tourism industry paved its own road to recovery? Unfortunately hunting tourism, especially in Africa, is big business.

What are your thoughts on this? As a tourism professional, would you accept such practice considering it’s a big revenue generator? Part of what the WTTC does is creating forecasting for the tourism industry. What are your thoughts about the forecasting process? If you were charged with this task, how would you achieve accuracy?…