Impacts of Several Factors in Tourism Industry

Impacts of Several Factors in Tourism Industry

P. Premkanna (Hindusthan College of Arts and Science, India)
DOI: 10.4018/978-1-4666-9902-1.ch018
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Generally all firms can operate only in the environment of the economy. The changes in corporate performance are closely related to expansion and contraction of the business cycle. The economic climate might have a greater impact on profits than the firm's performance within its industry. The corporate performance in the hotel industry may also rely on economic conditions. Thus, the significance of a firm is closely tied to the state of the economy (or economic climate).
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2. Economic Factors In Tourism Industry

There was a study can offer a comparative competition between the economic factor and the industry factor towards which can exerts a greater impact on different dimensions of corporate performance in the tourist hotel industry. Changes in the economical condition can be viewed as the economic factor, whereas the expansion of the market for foreign tourism, proxies by the growth of foreign tourist arrivals, can be used as the industry-specific factor.

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