Tourism Supply and Demand

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Tourism Supply and Demand
In this discussion thread this week, we will talk about tourism supply and demand. Let’s begin with…

 

SKU: HOSP 450 Tourism Supply and Demand Categories: , Tags: , , , ,

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Tourism Supply and Demand

Tourism Supply and Demand

HOSP 450 Discussions Week 5 All Students Posts 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?…