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Studying travel and tourism from a financial approach is crucial as it provides insights into the economic impact of the industry on local and global economies. It helps stakeholders understand revenue generation, cost management, and investment opportunities, enabling better decision-making and resource allocation. Additionally, analyzing financial trends can inform policies that promote sustainable growth and resilience in the face of challenges, such as economic downturns or global crises. Ultimately, a financial perspective enhances the strategic planning necessary for thriving in this dynamic sector.
What else can I help you with?
Why should the study of travel and tourism be done from the marketing approach?
Travel and tourism is usually a city, country or state that is promoting their events, landmarks and culture in order to make money. Most travel and tourism involves marketing.
What is an example of a service industry?
* Financial services * Maid service * Restaurants * Hospitality occupations * Lawn care, landscape and gardening services * Tourism (travel agencies) * Advertising Services * Housekeeping
Explain the core concept of marketing for the travel and tourism industry?
When marketing for the tourism industry and travel industry, packages should always be looked at. Tourism and travel go hand in hand, as does the hospitality industry. Most people who travel will want a hotel at their destination.
What is the relationship of travel and tourism?
the realionship between the organisation in the travel and tourism.
Is tourism or travel a major industry in Alaska?
tourism and travel is not a industry.
Why you should develop tourism?
for travel agencies to get more money and you will get bankrupt lolz
Who is India travel and tourism minister?
Ambika Soni is the minister for tourism and travel.
Components in travel and tourism industry?
Components of travel and tourism we mean the different parts of the industry that provides travel and tourism products and services. -Perky-
What is the studies of tourism?
Tourism Geography which includes study of tourism and travel
What is the function of government sponsored bodies in travel and tourism?
which are the government sponsored bodies in tourism and travel
Who is known as the father of tourism?
Thomas Cook is often referred to as the "father of tourism." In the mid-19th century, he organized the first package tours, which included transportation, accommodations, and meals, making travel more accessible to the general public. His innovative approach laid the groundwork for modern tourism, emphasizing the importance of organized travel and leisure activities. Cook's contributions significantly shaped the travel industry as we know it today.
What is tourism and the tourism industry?
Tourism is travel for recreation, leisure, religious, family or business purposes, usually for a limited duration. Tourism is commonly associated with international travel, but may also refer to travel to another place within the same country
