Impacts of Several Factors in Tourism Industry

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Author(s): P. Premkanna (Hindusthan College of Arts and Science, India)
Copyright: 2016
Pages: 8
Source title: Corporate Social Responsibility in the Hospitality and Tourism Industry
Source Author(s)/Editor(s): Lipika Kaur Guliani (Panjab University, India)and Syed Ahmad Rizwan (Tourism Recreation Research, CTRD, India)
DOI: 10.4018/978-1-4666-9902-1.ch018

Keywords: Business Science Reference / Ethics & Law / Hospitality, Travel, and Tourism Management / Security & Forensics

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Abstract

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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Impacts of Several Factors in Tourism Industry

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