TOURISM

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TOURISM

• Tyler Kawamura
• Kimberly Kelepolo
• Jimmy Yeh

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Risks Affecting The Tourism Industry

• Natural Disasters
• Economic
• Technological

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Hurricane

• Hurricane Pauline hits Acapulco, Mexico
• Unemployment
• Poverty Level
• Fear
• Loss of 8 billion
• Solutions
• Publicity Campaign

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Floods

• California Flood
• Negative Media Coverage
• Traveler Confidence
• Loss of 360 million
• Solutions
• 1 Million Proposal

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Earthquakes

• Los Angeles and San Francisco Earthquake
• homeless
• businesses looted
• unemployment
• Positive Attributes
• Incentives
• i.e. Cheap airfare

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Economic conditions of other countries and how it
affects the Tourism industry.

• When economic conditions of other countries are
  bad, tourism decreases.
• Weakness of the dollar against the yen in the
  early 90s.
• Asian economic crisis and Hawaii.
• When economic conditions of other countries are
  good, tourism increases.
• Hawaiis increase in tourism in the early 90s.

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Interest Rates and how they affect the Tourism
Industry

• Fed decreases the interest rates, tourism
  increases.
• Fed is encouraging economic expansion.
• Fed increases the interest rates, tourism
  decreases.
• Fed is tightening up monetary policy to restrict
  economic growth and inflation.

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Inflation and how it affects the Tourism Industry

• Low inflation rate will help the tourism
  industry.
• People are able to buy more things with their
  money.
• High inflation rate will hurt the tourism
  industry.
• People are not able to buy as much with their
  money so they will not spend as much.

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Technology

• Transportation and communication systems
• Computers
• Y2K

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Transportation and telecommunication systems

• Faster planes and trains
• (Britains Concord, Frances TGV, and Japans
  bullet train)
• -Traveling time will decrease
• -But is it safe (trains operated by computer,
  future planes flown by computers).
• -Environmental factors (air and noise
  pollution).
• Telephone, video conferencing, e-mail, fax,
  internet telephony, etc.
• - Cheaper phone rates and e-mail allow users to
  be in contact with friends and relatives more
  often, thus less traveling needed.
• - Video conferencing allows company to conduct
  meetings and business without leaving their home
  town.

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Computers

• The Internet
• - cheaper to purchase airline tickets, hotel
  rooms, vacation packages, etc. online (
  priceline.com)
• Global Positioning System (GPS)
• Virtual Reality
• - why go to it when it can come to you
• - indoor winter sports facility, indoor
  rainforest.

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Y2K

• Fear
• - planes falling, credit card expires, bank
  records will be erased, and nuclear power plants
  wont be able to measure radiation levels.
• Are we ready ?
• - tourism
• - banking
• - telecommunication
• - airline industrial
• - power plants