Greece will seek to profit from pent-up tourist demand

2021 ◽  
Keyword(s):  
Infrastructure Investment ◽  
Construction Sector ◽  
Content Type ◽  
Tourism Sector ◽  
Expected Performance ◽  
Hospitality Sector ◽  
The Government ◽  
Tourist Demand ◽  
High Level ◽  
Tourism Services

Significance Despite a stronger-than-expected performance by the Greek hospitality sector during the summer months, 2021 will be a challenging year. The government hopes that it will return to pre-pandemic levels ahead of its competitors as early as next year, when the season will be officially extended to March-November. Impacts A high level of uncertainty will delay new private investments in the Greek tourism sector. The rising number of tourists will necessitate additional infrastructure investment in 2022-23. An increased demand for tourism services will support the construction sector next year.

Dominican tourism sector set for strong growth

2019 ◽  
Keyword(s):  
Dominican Republic ◽  
Infrastructure Investment ◽  
Sharp Drop ◽  
Content Type ◽  
Tourism Sector ◽  
Primary Driver ◽  
The Caribbean ◽  
Media Reports ◽  
The Government ◽  
Visitor Numbers

Subject Tourism growth. Significance The Dominican Republic has the largest tourism market in the Caribbean, with tourist arrivals and related investment comprising the primary driver of economic growth. The country is set to maintain this momentum in 2019, with the government of President Danilo Medina keen to ensure that it retains its leading status. Impacts Renewed US restrictions on visits to Cuba may see more tourists visit the Dominican Republic instead, boosting arrivals. Increased Chinese infrastructure investment is likely following Santo Domingo’s diplomatic switch from Taiwan. Political consensus on the importance of maintaining tourism growth will ensure policy continuity post-2020. Media reports of a series of recent US tourist deaths have raised some alarm but are unlikely to prompt a sharp drop in visitor numbers.

Grey-based model for forecasting Mauritius international tourism from different regions

2017 ◽  
Vol 7 (2) ◽  
pp. 259-271 ◽  
Author(s):  
Medha Pirthee
Keyword(s):  
System Theory ◽  
Grey System Theory ◽  
International Tourism ◽  
Grey System ◽  
Private Companies ◽  
Content Type ◽  
System Models ◽  
Economic Decision Making ◽  
Tourism Sector ◽  
The Government

Purpose The purpose of this paper is to understand the trend and forecast the number of tourists from different regions of the world to Mauritius. Design/methodology/approach The paper adopts two grey system models, the even model GM(1,1) and the non-homogeneous discrete grey model (NDGM), to forecast the total number of international tourism to Mauritius and its structure from different regions tourist arrivals to Mauritius for the next three years. Grey system theory models were used to account for uncertainties and the dynamism of the tourism sector environment. The two models were applied as a comparison to obtain more reliable forecasting figures. Findings The results demonstrate that both of the grey system models can be successfully applied with high accuracy for Mauritian tourism prediction, and also the number of tourist arrivals to Mauritius shows a continued augmentation for the upcoming years. Practical implications Forecasting is meaningful since the Government of Mauritius, private companies or any concerned authority can adopt the forecasting methods exposed in this paper for the development of the tourism sector through managerial and economic decision making. Originality/value Mauritius is a charming travel destination. Through this paper, it can be seen that future tourism travel to Mauritius has been successfully predicted based on previous data. Moreover, it seems that the grey system theory models have not been utilised yet as forecasting tools for the tourism sector of Mauritius as opposed to other countries such as China and Taiwan.

Dominican Republic tourism begins fragile recovery

2021 ◽  
Keyword(s):  
Dominican Republic ◽  
Economic Recovery ◽  
Infrastructure Investment ◽  
Health Minister ◽  
Slow Recovery ◽  
Content Type ◽  
The Government ◽  
Investment Programme

Significance Accounting directly and indirectly for 16-17% of GDP in 2019, tourism is a major plank of the Dominican economy and will be key to broader economic recovery in 2021. With that in mind, the government is striving to encourage visitors back as soon as possible. Impacts Cruises are less important to the Dominican Republic than some smaller islands, but the slow recovery of that sector will be a blow. The president plans to launch an infrastructure investment programme later this year to help boost employment. The dismissal of Health Minister Plutarco Arias over alleged procurement irregularities may undermine government anti-corruption pledges.

The supply-side of corruption: a review of scenario, causes and prevention measure

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nurfarizan Mazhani Mahmud ◽  
Intan Salwani Mohamed ◽  
Roshayani Arshad
Keyword(s):  
Private Sector ◽  
Business Environment ◽  
Supply Side ◽  
Public Officials ◽  
Theoretical Understanding ◽  
Content Type ◽  
Preventative Measures ◽  
Prior Literature ◽  
The Government ◽  
High Level

Purpose This paper aims to provide a proper understanding of corruption in the private sector, also known as the supply-side of corruption. It also presents the causes of corrupt practices and points out the corporations’ actions to mitigate corrupt behaviour in the business environment. Design/methodology/approach This study reviews the prior literature on the phenomenon of corruption in the private sector, its causes and the preventive measures that should be implemented. Findings Corruption in the private sector was associated with a firm’s interaction with the public sector, and the most common corruption in the private sector is grand corruption, which is improper contribution made to high-level public officials and politicians. The causes of corruption in the private sector can be explained from several dimensions: economy, psychosocial and legal and regulation. Preventative measures encompass both internal strategies, which are endogenous to business and external strategies like exogenous legislation and restrictions enforced by the government or outside organizations. Originality/value The efficient strategies in combating corruption need active cooperation and participation from the supply-side of corruption. Thus, this study contributes to the literature on the theoretical understanding of the corruption problem from the supply-side and responsibility play by the private sector in global anti-corruption initiatives.

scholarly journals Exploration of pilgrimage tourism in Indonesia

2019 ◽  
Vol 11 (3) ◽  
pp. 783-795 ◽  
Author(s):  
Tanti Handriana ◽  
Praptini Yulianti ◽  
Masmira Kurniawati
Keyword(s):  
Developing Countries ◽  
Developed Countries ◽  
Marketing Management ◽  
Content Type ◽  
Theoretical Contribution ◽  
Religious Tourism ◽  
The Government ◽  
Pilgrimage Tourism ◽  
Tourism Services ◽  
Intention To Revisit

Purpose This study aims to extract information and analyze the antecedents of Muslims following pilgrimage tours. Data from the Central Bureau of Statistics Indonesia shows that 87.18 per cent of the total population of Indonesia are Muslims. In addition to running the ruling of Islam and the pillars of Faith, Muslims also maintain the religious tourism. The form of religious tourism which is widely followed by the Muslims of Indonesia is to follow a pilgrimage to the tomb of the wali (Guardian), both wali limo and wali songo. Design/methodology/approach This study used a qualitative approach. Data collection was done using in-depth interviews of Muslims in Indonesia who had already attended pilgrimages to wali limo and/or wali songo. Findings The tourists are satisfied and have an intention to revisit the destination, and the interest of the community to follow religious tours is very large, as well as the opportunities to do business in this sector are still wide open. Various motives and benefits of following religious tours, as well as suggestions for improvements for religious tourism destination managers, as well as advice for the government were uncovered. Thus, the results of this study are expected to provide a theoretical contribution related to marketing management in religious tourism and a practical contribution for the managers of religious tourism. Research limitations/implications Further research can be done with a quantitative approach, as well as comparative studies between pilgrimages in Indonesia (developing countries) and pilgrimages in other developing countries or in developed countries can also be conducted. Practical implications For marketing practitioners, the results of this study can be used as a consideration to continue to improve services in the field of religious tourism in the country, given the potential for development is very large. Social implications There is a contribution from this study to the development of marketing science, particularly related to marketing management on religious tourism services. Originality/value This study offers new insight regarding factors influencing Muslims pilgrimage tourism in Indonesia.

Ciolos will aim to tackle Romania's developmental lag

2015 ◽  
Keyword(s):  
Minimum Wage ◽  
Infrastructure Investment ◽  
Economic Policies ◽  
Tax Collection ◽  
Content Type ◽  
Party Government ◽  
Education And Health ◽  
The Government

Significance The non-party government of former EU Commissioner Dacian Ciolos took office on November 17 after the Ponta government stood down. Much of the previous administration's budget projections have been carried over, but the new draft also raises spending on investment, education and health, widening the projected deficit to 2.95% of 2016 GDP from 1.8% in 2015. Impacts PSD could insist on the budget including a rise in the minimum wage, but the government wants to assess its impact first. Parliamentary parties back the government publicly, but are manoeuvring for advantage with an eye to elections in late 2016. Key economic policies include infrastructure investment, improved administrative standards and tax collection, and absorption of EU funds.

Weak consumption may thwart Slovak growth plans

2016 ◽  
Keyword(s):  
Infrastructure Investment ◽  
Gdp Growth ◽  
Industrial Output ◽  
Short Term ◽  
Fiscal Deficits ◽  
Consumption Growth ◽  
Content Type ◽  
Low Levels ◽  
The Government ◽  
The Eu

Subject The government's latest GDP expectations for 2016-19. Significance On September 19, days before surviving a parliamentary no-confidence vote, the government announced GDP projections for 2016-19, based on improvements in consumption growth and the labour market, where registered unemployment hovers at historically low levels. Despite its weakened position following the recent departure of junior coalition partner Siet, Smer-Social Democracy (SD) is upbeat about the prospects for robust GDP growth in 2016, revising its forecast upwards to 3.6% from 3.2%. Impacts Industrial output, GDP and inflationary pressures may pick up post-2018, as consumers spend more and auto industry investments create jobs. The government may miss its targets in the short term, but fiscal deficits should remain below the EU limit of 3% of GDP in 2016-18. More public-private partnerships, modelled on the Bratislava ring-road, plus EU funding, may support infrastructure investment after 2017.

Vietnam eyes PPPs to plug infrastructure gap

2015 ◽  
Keyword(s):  
Public Investment ◽  
Infrastructure Investment ◽  
Private Capital ◽  
Content Type ◽  
Infrastructural Development ◽  
Eurasian Economic Union ◽  
New Public ◽  
The Government ◽  
To Come ◽  
Asean Economic Community

Subject The emerging infrastructure investment framework in Vietnam. Significance Vietnamese infrastructure lags some regional competitors; Hanoi estimates that investing 500 billion dollars could resolve this, but needs 300 billion of this to come from public-private partnerships (PPP). Following problems with Vietnam's PPP regulatory framework, a new framework was introduced in April and a new public investment law in January, among other measures seeking to attract private capital into national infrastructure. Such measures are timely: the ASEAN Economic Community is coming in late 2015, while Vietnam signed a free trade deal on May 29 with the Eurasian Economic Union; capitalising on both requires Vietnamese infrastructural development. Impacts The government may need to delay some projects while private capital comes online. As government and industry adapt to the new infrastructure investment framework, updates to planning instructions may be needed. A concerted anti-corruption campaign would support efficiency drives in infrastructural development, but progress will be slow.

Graft scandal undermines Dominican re-election plans

2018 ◽  
Keyword(s):  
Constitutional Reform ◽  
Construction Sector ◽  
Content Type ◽  
Slow Progress ◽  
The Government ◽  
Protest Activity

Subject Anti-corruption protests. Significance Major anti-corruption marches in August underlined ongoing popular frustration with the slow progress of official investigations into the Odebrecht corruption scandal. While President Daniel Medina has pledged to investigate all wrongdoing and bring culprits to justice, few formal prosecutions have yet been launched. Popular disillusionment with the government could therefore threaten Medina’s plans for a constitutional reform to permit unlimited presidential re-election. Impacts Marcha Verde is likely to step up its protest activity as pre-campaigning begins for the 2020 elections. Ongoing political noise about corruption could deter some investment, particularly in the construction sector. US relations may suffer due to the OFAC action against Bautista, and the cutting of diplomatic ties with Taiwan.

Mexico tourism plan rides on success of Maya Train

2019 ◽  
Keyword(s):  
Social Inclusion ◽  
Economic Benefits ◽  
Quintana Roo ◽  
Infrastructure Investment ◽  
Content Type ◽  
The Government ◽  
Healthy Growth ◽  
Tourism Potential

Significance The news follows years of healthy growth in the sector and comes as the government launches a new tourism plan. President Andres Manuel Lopez Obrador (AMLO) announced the National Tourism Strategy 2019-24 in Chetumal on February 24, highlighting the government’s intention to use the sector as a vehicle for regional development, job creation, social inclusion and equality. Within this framework, the construction of a ‘Maya Train’ in the relatively poor south of the country will be the sector’s priority. Impacts The lack of a formal environmental impact assessment for the Maya Train puts the environment, and its long-term tourism potential, at risk. Business’s mistrust of AMLO, and the potential downgrading of Mexico’s sovereign ratings, threaten infrastructure investment hopes. SECTUR’s move to Quintana Roo feeds into the government’s decentralisation rhetoric but will not necessarily help boost sectoral growth. Plans to incentivise domestic travel by the poor may increase tourism numbers and quality of life but will bring few economic benefits.

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