Showing posts with label Portfolie Task 4. Show all posts
Showing posts with label Portfolie Task 4. Show all posts

Monday, 2 January 2012

Laws in tourism and hospitality




1) FOOD SAFETY ACT 1990


2) TRADE DESCRIPTION ACT 1968


3) HOTEL PROPRIETORS ACT 1956


4) HEALTH AND SAFETY AT WORK ACT 1974


5) PACKAGE TOURS REGULATIONS ACT 1992


6) WAGES ACT 1986


7) EMPLOYMENT ACT 2008


8) DATE PROTECTION ACT 1998


9) CONSUMER PROTECTION ACT 1987


10) SALES OF GOODS ACT 1979

Enlargement of the European Union

The Enlargement of the European Union will help create a ''more complete and coherent European tourism industry, which should be recognized in the future European Constitution'' according to the World Tourism Organization.


''With the fall of political borders and increased awareness of tourism products in the new Members of the 'EU family', we may expect an increase in East-Western European tourism flows and vice-versa, ''says the WTO Secretary-General Francesco Frangialli. ''The new countries are not juct destinations, but tourism-generating markets as well.''


It reveals that Europe is a very stable tourist destination compared to other large regions in the world. The enlargement process contributed to this by inducing international arrivals not only in the new Member States, but also between old and new Memeber States. The still existing gaps in income and the differences in travel habits open a tremedous number of business opportunities and offer incentives to improve competitiveness.

EURO currency

Advantages & Disadvantages


ADVANTAGES

1) Transaction Costs Will be Eliminated
2) Price Transparency
3) Uncertainty Caused by Exchange Rate Fluctuations Eliminated
4) Single Curency in Single Market Makes Sense
5) Rival to The ''Big Two'': If we look out in the world today we can see strong currencies such as the Japanese Yen an The American $. America and Japan both have strong economies and have milions of inhabitants. A newly found monetary union and a new curreny in Europe could be a rival to the ''BIG TWO''.
6) Prevent War: The EMU is, and will be a political project. It's founding is a step towards European integration, to prevent war.
7) Increased Trade and Reduced Costs to Firms
8) The Political Agenda: There is a political agenda to European bank (the European System of Central Banks - ESCB), the complete removal of national control over monetary policy and the partial removal of control over fiscal policy.
9) Inflation




DISADVANTAGES

1) The Instability of the System
2) Over Estimation of Trade Benefits
3) Loss of Sovereignty
4) Deflationary Tendencies

Sunday, 1 January 2012