Category: Industry

The main components of a better product are discussed below: Main Components 1. Attractions: These elements within the destination’s (tourism product) environment, independently and/or integrated form, succour as the principal motivation for tourists. Attractions comprise natural attractions (landscape, seascape, beaches, and climate), built attractions (historic and /or new townscape as in newly built resorts and purpose-built attractions such as theme parks), cultural attractions (presentation of history and folklore organized as festivals and pageants, museums, theatre), and social attractions (opportunities to meet with, or encounter the residents of destinations, and experience their lifestyle, to some extent).However, for business and other nonleisure visitors, such as visits to friends and relatives, the primary motivation is provided by their affinity and alliance with the destination, while the leisure attractions may still be an influence.…

The Reasons that Motivates People to Travel Around the World are given below:The answers to this pertinent question are psychological and sociological depending upon the individual and his/her cultural background and conditioning. The motivations for travelling cited by the travellers may be simply reflections of deeper needs, needs that they themselves neither understand nor wish to enunciate or vocalize.But still going with the proposition that these are the motivations which stimulate travel, one can say that motivations initiate action and guide satisfactory behaviour but more precise filters of choice are exercised by holiday maker’s preferences. Image Source: tweakyourbiz.com ADVERTISEMENTS: Kent (1990) observes that preferences indicate the course of action which will fulfil needs in the most satisfactory way. Preferences are, therefore, more specific than motivations and are revealed by what…

Technical definitions based on the purpose of travel, distance travelled, motivation duration of stay, the time element and specific situations of travel etc. have also been worked out for the purpose of particular tourism related studies and statistical measurements.These definitions are of great significance and use to governments, tourism organizations and the providers of tourism services. But these studies have not included a systems approach.Tourism typically and widely is studied by means of a number of processes with little or hardly any consensus on how the analysis of tourism should be endeavoured. The following are the different approaches that have been practiced. Image Source: screenmediadaily.com Approaches 1. Product Approach: The product approach relates to the consideration of different tourism products involving the mode of production, marketing and consumption. For example,…

Import Substitution Industrialisation (also called ISI) is a trade and economic policy based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialised products.The term primarily refers to 20th century development economics policies, though it was advocated since the 18th century United States.Adopted in many Latin American countries from the 1930s until the late 1980s, and in some Asian and African countries from the 1950s on, ISI was theoretically organised in the works of Raul Prebisch, Hans Singer, Celso Furtado and other structural economic thinkers, and gained prominence with the creation of the United Nations Economic Commission for Latin America and the Caribbean (UNECLAC or CEPAL). Image Source: d3n8a8pro7vhmx.cloudfront.net ADVERTISEMENTS: Insofar as its suggestion of state-induced industrialisation through governmental spending, it…

Despite the burgeoning development of industry and services in India, agriculture remains the mainstay of our economy. It contributes about 20 per cent of the Gross Domestic Product (GDP) and provides employment to 65-70 per cent of the country’s total population. It also accounts for about 14 per cent of India’s total export earnings, besides providing raw material to a large number of industries. It is a major source of domestic saving and, by and large, the only means of food security for the nation.The performance of Agriculture Sector has not been up to the mark in the recent years. As against the target of annual growth of 4 per cent during the Tenth Five-Year Plan (2002- 07), the growth of agriculture was -6.9 per cent in 2002-03 because of…

When India achieved independence in 1947, about 80 per cent of its population lived in rural areas. Today, over 60 years afterwards, this percentage has fallen by around 15 per cent, and now, about 65 per cent of the country’s population lives in villages. Evidently, there has been a migration of people from rural areas to urban and semi-urban areas. In terms of the number of people such migration has been of a very high magnitude. In 1947, India’s population was about 33 crore, of which about 8 crore occupied the cities. Today, the country’s population is nearly 107 crore, and those living in cities number about 30 crore-nearly the entire number of people at the time of independence.Such a heavy migration has impacted India’s socio-economic structure in various ways.…

The gifts of science can be felt in every walk of life. Its services to humanity are immiscible. Science and its wonders appear to be unalloyed blessing. It impacts can be felt in all spheres of life, namely health care, education, communications, agriculture, industry, etc.It has made our life longer, easier and comfortable. Moreover, it has brought about a change in our outlook. Undoubtedly, science has revolutionised our life. Practically, no field of our activity is untouched by the impact of science.The phenomenal development of modern technology and the spectacular successes of researchers in various branches of science are the bases of all those remarkable things which have sprung from the brains of our scientists. In fact these brains are the perennial source of the miraculous wonders which appeared in…

The word ‘tourist‘ is believed to have been stemmed from Latin word ‘TORNUS’ which means a tool for describing a circle or a turner’s wheel. In the sense of the word of origin, tourist is a person who undertakes a circular trip, i.e., ultimately comes back to the place from where he sets about his journey.As late as 1643, the term was first put to use for describing persons travelling from place to place, effecting an excursion, performing a journey and during the course of that visiting a number of places in a region or in an order. In the 17th and early 18th century, the English, the Germans, and others travel on a Grand Tour of the continent came to be recognized as tourists.Around the early nineteenth century, the…

The model comprises of three basic elements are as follows: Elements (1) Tourists: The tourist is the key player in this system. Tourism, in fact, is a human experience, enjoyed, anticipated and recalled by a lot as a historic and/or life time aspect. Therefore, defining the tourist and its classification turns out to be equally relevant. Image Source: i.huffpost.com (2) Geographical Elements: Leiper describes three main geographical elements in his system’s model. These are: ADVERTISEMENTS: (i) Traveller-generating region(ii) Tourist destination region(iii) Transit route region ADVERTISEMENTS: The traveller-generating region (TGR) exemplifies the area breeding markets for tourism, and practically acts as the ‘push’ force to motivate and stimulate i.e., set off and encourage travel.It is this region where the tourist tries to seek information, goes for reservations and makes the departure.…

Privatisation is only a modern name assigned to the concept of laissez-faire advocated by Adam Smith and other classical economists. But in the environment of mixed economy, it has a new significance.The world economists have adopted it as a tool of new economic prosperity. It is expected that the new liberal era of industrialisation will open a new chapter in the field of productivity, efficiency, cost consciousness, competitiveness and management. The participation of the private sector in the development process is not an option; it is an essential requirement of development.Earlier private enterprises which got into financial difficulties were taken over by the government in most of the countries. Now the policy has completely changed. Public enterprises which got into financial difficulties are transferred to a private agency. Image Source:…