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Review, 31 (4), 2-5. doi: 10.1108/eb057735. Kim, H., & Kim, B. (2015). Economic impacts of the hotel industry: An impact output analysis. Tourism Review, 70 (2), 132-149. doi: 10.1108/TR-11-2014-0056. King, C.A. (1995). What is Hospitality ? International Journal of Hospitality Management, 14 (3/4), 219-234. doi: 10.1016/0278-4319(95)00045-3. Kum, H., Aslan, A., & Gungor, M. (2015). Tourism and economic growth: The case of Next-11 countries. International Journal of Economics and Financial Issues, 5 (4), 1075-1081. Kushal, D. (2017). Hospitality and Tourism Sector

Abstract

The paper addresses the effect of external integration (EI) with transport suppliers on the efficiency of travel agencies in the tourism sector supply chains. The main aim is the comparison of different estimation methods used in the structural equation modeling (SEM), applied to discover possible relationships between EIs and efficiencies. The latter are calculated by the means of data envelopment analysis (DEA). While designing the structural equation model, the exploratory and confirmatory factor analyses are also used as preliminary statistical procedures. For the estimation of parameters of SEM model, three different methods are explained, analyzed and compared: maximum likelihood (ML) method, Bayesian Markov Chain Monte Carlo (BMCMC) method, and unweighted least squares (ULS) method. The study reveals that all estimation methods calculate comparable estimated parameters. The results also give an evidence of good model fit performance. Besides, the research confirms that the amplified external integration with transport providers leads to increased efficiency of travel agencies, which might be a very interesting finding for the operational management.

future . Geneva: WEF. [45] World Economic Forum (2018). The Future of Jobs Report 2018 . Geneva: WEF. [46] World Travel and Tourism Council (2015). Global Talent Trends and Issues for the Travel & Tourism Sector . London: WTTC.

Abstract

Satisfying residents’ needs is the main purpose of local authorities. Given that of the most fundamental of needs is the possibility of receiving fair income from work, local authorities should create an attractive investment climate, consistent with the directions of development described in strategic documents. One of the main directions, both for Poland as well as its individual regions and local units-gminas (communes), is the development of the tourism sector. To achieve this goal, local authorities possess tools that allow social-economic conditions to be shaped. The realization of particular tasks is a very complex process, and requires rational and active spatial and real estate management, coherent with the principles of spatial order and sustainable development.

Abstract

In this paper the author investigates and analyzes the historical and current data on the shares of the tourism sector on the Zagreb Stock Exchange (ZSE), and on that basis he is trying to estimate the value of entire Croatian tourism. He also argues that the lack of transparency of the domestic capital market, and in particular its inefficiency, is directly reflected on the tourism sector as its significant component. Tourism represents about 15% of the total Croatian economy, with clear indications that it is one of the few segments in which Croatia has certain success, and has significant progress in this part of the national economy. Thereby tourism sector deserves special attention on the securities market, which has one of the fundamental tasks to find funds on the market for financing development projects.

Abstract

Introduction. In the world-wide literature, there is no unanimity in the assessment of the impact of mega sporting events on the tourism sector. Therefore, the main purpose of this study was to quantify the impact of mega sporting events on changes in tourist inflow and the amount of expenditure incurred by visitors.

Material and methods.In this study, an ex-post analysis of many different categories of mega sporting events was carried out in the context of their impact on selected aspects of the tourism sector in host countries. The study examined events organised in the years 1996-2014 classified into one of four categories: the Summer Olympic Games (SOG), the Winter Olympic Games (WOG), the Football World Cup (FIFA), and the European Football Championship (UEFA). The approach adopted made it possible to analyse the impact of sporting events on the tourism sector over 15 years. Data on both the inflow of tourists and the expenditure generated by them were taken from a single source – reports of the United Nations World Tourism Organization (UNWTO).

Results. The results obtained are characterised by ambiguity, although the study identified the categories of sporting events and the sporting event phase in which clearly positive or negative effects on the tourism sector could be observed.

Conclusions. The difficulty in confirming unambiguously positive, tangible effects on the tourism sector resulting from the organisation of mega sporting events makes it problematic to justify the commitment of large expenditure to preparing and conducting these events. It is necessary to look for other, intangible benefits related to the organisation of these events. It also seems appropriate to continue the research undertaken in the future on the basis of data disaggregated at the regional level.

Abstract

Tourism has been one of the fastest-growing sectors in the world. Especially developed countries have been major markets for tourism destinations over the decades. Furthermore, the outbound tourism demand in emerging markets has increased rapidly in recent years. This study aims to investigate the determinants of Turkey’s outbound tourism demand by using the data from 1960 to 2013. For this purpose, the Markov Switching Vector Autoregressive Model is used as an empirical analysis. This model classifies the time period into different regimes in order to obtain more robust results. Finally, our findings show that Turkish citizens’ outbound visits have been influenced by income and the exchange rates.

Abstract

The methodology describes the principle of setting a project in PRINCE2 project management. The main aim of the paper is to implement PRINCE2 methodology to be used in an enterprise in the service industry. A partial aim is to choose a supplier of the project among new travel guides. The result of the project activity is a sight-seeing tour/service more attractive for customers in the tourism industry and a possible choice of new job opportunities. The added value of the article is the description of applying the principles, processes and topics of PRINCE2 project management so that they might be used in the field.

Abstract

This paper examines the relationship between tourism and economic growth, analyzing key factors affecting tourism income in Andalucía, Spain. Based on time series annual data for the period 2005 to 2012 and a multiple regression analysis we show that international tourism has made an important contribution to Andalucía’s economic growth. Some of the factors considered in the analysis include the number of luxury hotels, the hotel price index and the exchange rate, though the latter is outside of the control of local authorities under the European Monetary Union (EMU).

, Bucharest, Academy of Economic Studies, Vol. 1, No. 1, pp. 1101-1110. Nistoreanu, B. & Stoian, R. (2017), “Business tourism a means of dynamising the life of local communities” in: Proceedings of the 11 th International Conference on Business Excellence, Bucharest, Academy of Economic Studies, Vol. 1, No. 1, pp. 1122-1128. OECD (2016), “OECD Tourism Trends and Policies 2016”, OECD Publishing OECD Tourism Committee: Paris, ISBN: 9789264245990 Piotrowski, M., Soliński, T., Pacholska, M. and Warzybak, B. (2010): “Analysis of the Situation of the SMEs in Tourism Sector in