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Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations. - Provides behavioral profiling of the digitally-informed, mobile, self-managed tourist - Allows the tourism industry to better understand tourists, both cognitively and emotionally - Supports business success, technology development and sustainability in the tourism industry - Features case studies on behavioral tactics and strategies for use in tourism
Oman’s GDP grew 4.6% between 2013 and 2014 according to the Oman Central Bank, with hydrocarbons the main driver of the economy at almost 50% of GDP. Although the dip in oil prices has put pressure on government revenues, authorities are pressing ahead with spending plans for the sector, particularly in the downstream segment. The country’s infrastructure expansion plans are also moving forward, particularly at the country’s three ports as the country seeks to leverage its strategic position on the Strait of Hormuz and establish itself as a global transport and logistics hub. Feeding off this development drive are the sultanate’s banks, with project finance regarded as one of the most promising areas for lending growth. In the longer term, Oman Vision 2020 seeks to boost private sector participation in the economy and fuel SME growth in key sectors, including construction, retail, tourism and transport.
For the past decade Panama has registered impressive economic growth. According to the World Bank, GDP growth averaged 6.8% from 2000 to 2012, while government figures show double-digit growth for four of the past seven years. Economic development has been fuelled by heavy public sector spending on infrastructure, particularly the $5.25bn expansion of the Panama Canal, which should ensure long-term growth. With GDP growth expected to decelerate but still average 7-9% from 2013 to 2015 and 6-8% through to 2020, Panama is set to remain a unique and exciting destination for investment in the short to medium term due to its solid macroeconomic record, importance to global trade and strong investment framework. Public sector spending has emerged as the primary driver of economic growth in the past few years as the country prepares for the post-Panamax era of the Panama Canal. The canal’s impact, both domestically and internationally, will expand substantially upon the completion of a third set of locks scheduled for 2016. Putting exact figures on the domestic impact of the expanded waterway is a tall order, though further capitalising on the country’s status as a major trade route will most certainly be crucial to future economic progress.
The IMF forecasts over 7.5% average growth through to 2017, but attracting private investment both to large infrastructure developments and lower-profile industrial projects will be key to ensuring social stability. Despite regional competition from Senegal and Ghana in terms of investment attractiveness, Côte d’Ivoire is likely to regain its place as an economic centre if it can successfully revise its hard and soft infrastructure. Although progress has been made, the possibility of political unrest remains, prompting concerns over the presidential elections set for October 2015. The preservation of peace and economic recovery will depend on the outcome of the elections and the ability of the new government to continue the reconciliation agenda.