Tourism and financial risks
Journal Title: Globalization and Business - Year 2017, Vol 4, Issue 4
Abstract
In the article the basic concepts of tourism business safety are considered, the author’s classification of the ma- jor risk factors arising in the organization of tourist activity is given. The presence of risks and the opinion of the owners of travel agencies proves that this business is not so simple as it seems at first glance. And like any business, it requires a thorough and thoughtful approach. Therefore, planned in- vestments in the tourist business require an assessment of the degree of risk, the determination of its magnitude and the application of measures to a decrease. Monetary policy is an integral part of a single state economic policy. The inflation rate in Georgia in October 2016 compared to the previous month was 0.5%, in comparison with October 2015, the consumer price index decreased by an average of 0.2%, as in our food basket imports are 80%, with an increase the number of tourists, the demand for food products is growing and, accordingly, the demand for imports is growing. The increase in the number of visitors is in favor of the Georgian economy, but according to experts on economic issues, it contributes to inflation processes. We believe that in order to prevent these processes, we need the right monetary policy and effective solutions of the national bank.
Authors and Affiliations
NINO LETANDZE
Keywords
Related Articles
- EP ID EP564824
- DOI -
- Views 76
- Downloads 0
Tendencies of development of economies of small countries
The economic prospects of small countries are associated with the historical and political context of their institutional development, as well as with the rules of economic regulation. These countries have different hist...
METHODOLOGICAL INDIVIDUALISM AND HUMAN MODEL IN ORTHODOX ECONOMIC THEORY
Today it is widely recognized that the economic development is largely determined by the decision taken by economic agents. Modern economic science does not provide an undeniable and perfect definition of economic agents...
THE SIGNAL SYSTEM OF UKRAINE’S ECONOMY EXTERNAL SUSTAINABILITY: INDICATORS APPROACH
In the paper, the signal system of Ukraine’s economy external sustainability is considered. For this purpose it is presented the Ukraine’s economy external sustainability indicators system that consists of 40 indicators...
GEORGIAN CONSUMERS’ BEHAVIOR IN TOURISM AND MARKET SEGMENTATION VALS SYSTEM
The aim of the article is to identify Georgian consumer behavior characteristics and touristic motivators in case of both inbound and outbound travel. We tried to create simple tourist typology base on VALS segmentation...
THE APOLOGISTS AND CRITICS OF CAPITALISM
The study analyzes the essence of the modern capitalist system, attempts by the capitalists to ennoble the Western economic system, which is described by Aristotle as hrematics, a counterbalance to the economy or “house...