Essay on 5 Factors Affecting Inbound and Domestic Tourism

The beneficial effects on the economy may take as much as two years to be fully felt. I Further, the UK should be careful not to rely on a weak currency in order to support its competitiveness. An Exchange rates tend to fluctuate in value over time and the strongest economies are usually those with high productivity and low production costs, or those which produce highly innovative products. The long term performance of the UK economy could be adversely affected if a weakening of the currency was allowed to distract from these more fundamental determinants of economic performance. An Overall, however, in the current context, a weakening of Sterling is likely to be seen as beneficial for the UK economy, helping to support it through a difficult time and aiding a rebalancing of the economy towards the export sector. Despite this, it should be remembered that in other contexts, for example when controlling inflation is a more pressing problem, a fall in the exchange rate could be damaging.

Evaluate the potential impacts of two factors on the future of UK inbound and domestic tourism

The performance of the UK economy depends very much on the level of Aggregate demand within the economy. AD=C+I+G+(X-M). The UK economy can be judged by a number of key indicators mainly sustainable economic growth, low inflation (target 2%), a surplus on the

When the domestic currency goes up against a foreign currency, it makes imports of goods cheaper and exports more expensive. So domestic businesses that import a lot (i.e. retailers such as Debenhams) would be happy and exporters (i.e. coal miners) would be unhappy. As it will cost cheaper for domestic imports. This will not be a loss of profit for

* Exchange rate impact is shown in the bottom section of this screen. (will not affect year ‘11 but will impact year ’12 onwards)

Since reduced interest rate made it unattractive to save money, currencies were less demanded thereby causing fall in the currency values. This therefore had a multiplier effect on export and import. This explains why during post crisis period, UK exports became more competitive.

By setting a certain price in a certain currency (in this case Brazilian real) a company can avoid problems if there is any case of rising currency rate. The price for a asset is already set for the future contract so no matter what condition the market is in the price of the asset will remain the same.

* The recent devaluation of Pound Sterling (£1) against the US Dollar ($1.5) means, Pret spend more money trading globally, compared to when the Pound Sterling (£1) much stronger than the US Dollar ($2). This will affect their annual profits or is likely to lead to unethical trading as they look for the cheapest sources to get their raw materials.

The black market rate of Rp 50.00/U.S.$ represented a devaluation from the current rate of Rp40.4795/$ of about 23.5%.

This illustrates several things as investment, education, security and environmental responsibility because most of the people choose a destination based on the attractions, natural or modernity; moreover, most of the people travel to places in which they will feel safe or are recognized for something; for example, France is recognized for the Eiffel Tower but this attraction has a significant investment in security, streets, and education to has knowledge in different languages. Additionally, if a country has more people traveling this signifies more people buying things and whit this the economy grow and eventually more government

The impacts of tourism on Britain helps to define the potential impacts of Brexit due to the benefits of being in the European Union. European Union, EU, refers to “an economic and political partnership involving 28 European countries” (Hunt, 2016). This partnership has its own regulations in a wide range of areas, such as borderless policy and single market. These regulations made a positive impacts of tourism in Britain because it promotes Britain’s cultural and its economic growth. Therefore, this paper will illustrate how

I am writing a report explaining the importance of UK visitor attractions to tourism. In my report I will be including statistics and data to support my explanation.

The main exchange rates exposures are: British pounds, Deutsch Mark, Japanese Yen and Belgian Francs.

International tourism contributes to foreign exchange earnings. Tourists usually come to the country of destination with strong, stable, and expensive currency, such as dollar or euro. Then, they exchange it according to the internal rate of the country they stay in. Considering the number of tourists that travel to the same destination, which in some countries can be very large, we can estimate that the amount of foreign currency they leave there is hundreds times larger. Therefore, a host economy benefits from the inflow of foreign currency.

The FOREX chart helps investors by providing a visual representation of exchange rate changes. Many variables affecting exchange rates, such as interest rates, banking policies, geopolitics and even the time of day, can affect exchange rates. As FOREX trader Peter Bain has said, the mapping is a valuable FOREX trading tool. In his newsletter, he announced that the daily chart, hourly chart, and 15-minute chart were used while working with FOREX. As quoted in his informative newsletter - "The daily charts will help you set the overall trend from the point of view of the trading position, and the hourly chart (one hour) will give you The chart is used for entry and exit - with the help of the five-minute chart, where the price is changing rapidly, and you have to get closer to the action.