Travel and Tourism Industry of London Assignment

Travel and Tourism Industry of London - Assignment Example Chapter 3 Methodology 25 3.1 Introductions 25 3.2 Quantitative research 26 3.3 Qualitative research 27 3.4 Analysis 28 3.5 London: A Haven for Connoisseur 30 Chapter 4 Questionnaire (Finding and Analysis) 31 4.1 Introductions 31 4.2 Front Office Manager 31 4.3 F&B Manager 32 4.4 Kitchen 32 CHAPTER 5 CONCLUSION 33 Bibliography 34 Appendices 36 ALL THE TABLES AND FIGURES Tables and figures 1.0 Introduction The travel and tourism industry is among the oldest and largest industry in the world, and the industry has been growing significantly faster than most other industries. Globalisation has led to the increase in travel across the globe, and to meet additional demands for accommodation and food, hotels and motels have come up in a big way. The general economic vitality of a country is an important consideration because an indication of its economic condition will be reflected in such factors as consumer demand and prices. In scanning the economic environment, the following factors deserve consideration: 1. Gross National Product (GNP). This refers to the total market value of goods and services produced in a country per year and its growth rate. 2. Income distribution refers to the level of consumer's income and his/her buying power 3. Foreign exchange rates are an essential component of the traveller, as he/she will have to carry foreign exchange during travel between countries. 4. Monetary and fiscal policies and exchange controls must be considered, as there are countries that limit the amount of money that can be withdrawn from their country as well as impose large payments for international transactions, like joint ventures and entry into a... There are many business tactics that can be employed to bring about operational changes to manage talent effectively, such as identifying role models, eliminating biased policies and procedures, providing equal opportunities, training and development, and conducting workshops for employees to increase performance and production (David Pappie, p.103, 2006). The travel and tourism industry is among the oldest and largest industry in the world, and the industry has been growing significantly faster than most other industries. Globalisation has led to the increase in travel across the globe, and to meet additional demands for accommodation and food, hotels and motels have come up in a big way. The general economic vitality of a country is an important consideration because an indication of its economic condition will be reflected in such factors as consumer demand and prices. In scanning the economic environment, the following factors deserve consideration: 4. Monetary and fiscal policies and exchange controls must be considered, as there are countries that limit the amount of money that can be withdrawn from their country as well as impose large payments for international transactions, like joint ventures and entry into a country. 5.