PROJECT 2: INSTITUTIONS ANALYSIS LANA VONG Tourism in the United States The Growing Chinese Market.

Slides:



Advertisements
Similar presentations
P4 - explain how internal and external factors affect UK
Advertisements

Lorin MacDonald International Accessibility Summit July 13, 2014 ©L. MacDonald, 2014.
Is Tourism good for Development?. Why have LEDC’s become popular?
Getting to California corporation – an organization owned by many people but is treated by law as a single person stock – part ownership of a corporation.
1 The economic relationship between Hong Kong and the mainland.
ECON International Economics
”Consumption profile of the Chinese tourists in Belgium” Dominique ANDRE- Wang Yan WBT - New markets.
Chapter 1 A PRELIMINARY EXPLORATION
Hashimoto: Casino Management: A Strategic Approach © 2008 Pearson Education, Upper Saddle River, NJ All Rights Reserved. Chapter 13 LOCATION AND.
A guide for developing a marketing plan Guideline for cultural analysis Guideline for economic analysis Guideline for market audit and competitive analysis.
Introducing the World’s Largest Industry, Tourism
China’s Tourism Boom By Bruce Einhorn. China's new wealth has created a new kind of world traveler, the Chinese tourist. Both inbound and outbound tourism.
ECONOMIC DEVELOPMENT OF LATIN AMERICA STUDY GUIDE.
The World of Hospitality
Cultural diffusion The process of spreading cultural traits from one place to another. Cultures change at different speeds across time and place. Can move.
The Development of Package Holidays L.O: to know the impact of the package holiday on the travel and tourism industry. ALL will be able to describe the.
TOURISM PROMOTION FOR A DESTINATION LIKE KAZAKHSTAN.
The Meaning of Marketing in Travel and Tourism
Mediterranean Cruise Market Dynamics and Value. Objectives Provide a brief overview of the cruise market Provide a brief overview of the cruise market.
Impacts of Tourism.
AIF Tool Kit This PowerPoint presentation is provided by the ARDA International Foundation for use in addressing those.
TRAVEL BUSINESS ENVIRONMENT
EUROPEAN TRAVELLERS 2010 Dr Josep-Francesc Valls Professor, Department of Marketing Management and the Centre for Tourism Management Research Assistant:
Globalization: The Ups and Downs of Globalization or World economic integration Globalization: The Ups and Downs of Globalization or World economic integration.
THE INSTITUTION OF HIGHER EDUCATION CANDACE COTHREN.
Global Real Estate: Local Markets. INTRODUCTION 2.
Tourism Development and its role in Local Economic Development (LED) Berman Group September
In the airport.
What is responsible travel? Responsible travel myths Traveler's philanthropy Planning your trip What is certification? What can you do while traveling?
Chapter 1 GlobalizationGlobalization 1. What Is Globalization? The globalization of markets refers to; “The merging of historically distinct and separate.
Immigration: There’s No Place Like Home Between 1860 and 1900, almost 14 million people came to America looking for new opportunities and a new home.
Explain why the global market is important.
How the process is significant for people: Economic Impacts of Tourism.
Chapter 2: Economic Systems Section 2. Slide 2 Copyright © Pearson Education, Inc.Chapter 2, Section 2 Objectives 1.Explain why markets exist. 2.Analyze.
Mass Tourism and Employment. Why can we travel now? It is only recently (in the 20 th Century), that people travel for pleasure. It is because we now.
Unit 12 Notes. What is TRADE? Trade is the voluntary exchange of goods and services among people and countries. Trade and voluntary exchange occur when.
Chapter 6: The United States in the Global Economy
Chapter 11: Aggregate Demand & Aggregate Supply Aggregate Demand (AD) – Aggregate Supply (AS) model is a variable price model. AD – AS model provides insights.
INTRO TO TRAVEL AND TOURISM
Global Opportunities Back to Table of Contents. Global Opportunities 2 Chapter 4 Global Opportunities Global Entrepreneurship Ways to Enter the Global.
Why Do People Migrate? Key Issue 3- Reasons for Migrating: 1. Political Push Factors-  Slavery  Refugees – cross country border to escape persecution/danger.
China : Outbound Tourism Continues to Grow , ‘Her Tourism‘ Has Become Normal Yaoxing Zheng Fujian Normal University, China.
Global Opportunities Glencoe Entrepreneurship: Building a Business Global Entrepreneurship Ways to Enter the Global Market 4.1 Section 4.2 Section 4 4.
1© 2009 by Nelson Education Ltd.. 2 The Travellers Chapter 2.
Globalization and MNCs David Doleman INT 301. MNCs and Globalization Benefits outweigh the costs Case studies of MNCs taking social responsibility Downsides.
Cook: Tourism: The Business of Travel, 3rd edition (c) 2006 Pearson Education, Upper Saddle River, NJ, All Rights Reserved Chapter One: Introducing.
  Source of employment  Stimulates the infrastructure which improves the living conditions of the local people  Provides the government with tax revenues.
BUSINESS IN THE GLOBAL ECONOMY Chapter 3. Lessons  International Business Basics  The Global Marketplace  International Business Organizations  EQ:
TOURISM POLICY AND PLANNING CHAPTER 4 PROF. DR. KEMAL BİRDİR MERSİN UNIVERSITY MARCH 2016.
As one grows so does the other – but which is the CAUSE and which the EFFECT? There is a positive correlation between economic development and the growth.
Welcome.
2.01-Understand the impact of the hospitality and tourism destinations on an economy.
European Tourism Forum Bordeaux, September 2008 Ajay Prakash Europe's Attractiveness for Tourists from Emerging Markets: The Indian Perspective.
Travel and Tourism in Spain to 2020 The report focuses on global major leading industry players with information such as company profiles, product picture.
Unit 5: International Trade 1. International Trade Why do people trade? 2.
Tourism – Delivering on Potential Evolution of Shangri-La in Sri Lanka
Globalization Unit 5.
Econ Ch 2.2 The Free Market.
Tourism Kathleen Andereck, Ph.D. School Director and Professor
RELATIONSHIP BETWEEN ENTREPRENEURSHIP AND ECONOMIC GROWTH.
2.01-Understand the impact of the hospitality and tourism destinations on an economy. Ms. Osteen.
The Nature Of Travel And Tourism
2.01-Understand the impact of the hospitality and tourism destinations on an economy. Ms. Osteen.
Hospitality & Tourism in Utah
International Tourism
China Outbound Tourism Market China Outbound Tourism Market.
GLOBAL REAL ESTATE Local Markets.
Saudi Arabia Outbound Tourism Market Saudi Arabia Outbound Tourism Market.
International Trade Chapter 15, Lesson 14.
Ch. 3 lesson 1: the American free enterprise system
Presentation transcript:

PROJECT 2: INSTITUTIONS ANALYSIS LANA VONG Tourism in the United States The Growing Chinese Market

History of Tourism Industry Western history  Grand Tour: Educational rite of passage by European aristocrats 18 th century people began traveling for leisure  Introduction of railroad travel packages Today, advances in transportation, such as the invention of ships and planes, foster international travel.

International Tourism Statistics in the U.S. 990 million international tourist arrivals to the U.S. (2011) $1,033 billion in international tourist spending (2011)

Chinese Tourists Compared to other countries, outbound tourists from China has exponentially over the past few years.

Incentives Growing middle class seek to buy luxury American goods  Luxury goods cheaper overseas; luxury tax in China Visit American tourist destinations Invest in real estate in the United States  Land in China belongs to the government Birth tourism  Babies born in U.S. reap American citizen benefits  Wish for better opportunity and lifestyle for their children Experience “ideal American lifestyle”

Accommodating Market Stores market towards Chinese customers  Mandarin speakers hired as store associates  Signs, brochures, and pamphlets Products made with Chinese consumers in mind  Ex. Wallets designed with Chinese currency in mind Hotels tailor to tourist’s tastes Tour buses cater to growing crowds Businesses in the U.S. urge government to loosen visa requirements to encourage more Chinese to visit the U.S.

L.A. Southern California is a popular destination for Chinese tourists and investors  The San Gabriel Valley is considered ideal for business and real estate investments Chinese tourists enjoy the conveniences Los Angeles’ location provides  Reminiscent of home country due to local Chinese establishments  Ideal vacation spot  Praised higher education system

Functionalist Perspective From a functionalist perspective, this relationship between China and the U.S. exemplifies the cultural exchange that occurs within the travel process. As China grows as an economic power, the United States progress towards making efforts to catering to Chinese tourists for economic gains. For example, Chinese has become ideal to learn for business. The Chinese, in turn, bring back goods and cultural experiences from their trip. Each side plays a role to cooperate and meet needs of the other to fulfill their own respective goals.

Conflict Perspective From a conflict perspective, this relationship between China and the U.S. is the result of capitalism. The growing Chinese middle class, who have the advantage of claiming real estate and capital overseas, will continue to thrive; leaving those who can’t afford such luxuries to compete for resources back in the homeland. With more Chinese tourists looking to take advantage of the United States’ resources and benefits, Americans may call for changes in immigration laws in fear of losing their own resources to foreigners.

Summary In conclusion, the future forecast of international tourists coming to the U.S. is predicts more incoming Chinese tourists. As both businesses and tourists press for less restrictions on visas, the tourism industry in the U.S. continues to accommodate for Chinese tourists for capital gain. At my local mall, I have noticed growing amount of signs written in Chinese characters and job signs seeking Mandarin speakers. However, the question of regulation in regards to “anchor babies” taking advantage of U.S. citizen is a problem as well as other concerns with the growing amount of Chinese tourists. Personally, I have witness businesses in my hometown using hotels as means of fostering birth tourism. The future is unknown whether the U.S. government will start changing laws, but certainly, U.S. businesses are swiftly changing to cater this growing market.

Works Cited "I Want an American Baby! Chinese Women Flock to the U.S. to Give Birth | TIME.com." World I Want an American Baby Chinese Women Flock to the US to Give Birth Comments. N.p., n.d. Web. 14 July Los Angeles Times. Los Angeles Times, n.d. Web. 14 July N.p., n.d. Web. 14 July Clifford, Stephanie. "Luxury Stores Pull Out Mandarin Phrase Books to Make the Sale." The New York Times. The New York Times, 14 Apr Web. 14 July "Coming to a beach near you." The Economist. The Economist Newspaper, 19 Apr Web. 14 July The Wall Street Journal. Dow Jones & Company, n.d. Web. 14 July