Concept of Tourism Multiplier: Tourism being a multi-faceted and interdisciplinary industry has a great potential in generating income and employment (direct and indirect). Tourism, being one of the largest industries for many countries, has a high multiplier effect. The inflow of money from Tourist Generating Region to Tourist Destination Region through various sectors of the […]
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Cost-Benefit Analysis Technique for Tourism Development: CBA in tourism can be extremely beneficial so as to estimate the amount of cost acquired in making of the destination and the benefit resulted through the cost made. It should be mandatory for all the policy makers, government tourism agencies and private players to estimate the benefit through
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Cost-Benefit Analysis and its Types: Cost-Benefit Analysis (CBA) is a technique that signifies to describe and quantify the social advantages and disadvantages of policy in terms of common monetary unit. Though a critical task, the aim of CBA is to analyze the cost i.e. the disadvantages and the benefits i.e. the advantages of any proposal.
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Needs, Wants and Demand in Tourism: After reading these terms, needs, wants and demand, it seems that all these terms are similar in meaning but when it comes in economics, there is a vast difference. Needs are defined in economics as the basic needs required by human being for their survival. This includes, air, water,
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Pricing policy for Special Interest Tourism: In simple terms price is the monetary value which has been assigned to a particular product for selling into the market. The company fixes price of the product in such a manner that it could give him profit and help him in achieving other long and short term benefit.
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TRAITS OF AN ENTREPRENEUR: No two individuals are alike and similarly entrepreneurs do have difference in their personality traits and plenty of times they differ significantly in their working, thinking and communication styles, but one thing they share commonly is that the inner thrust and spirit. they’re always energetic and instrumental in towards the goal
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