Apart from that it has also created a very large number of jobs globally. In this way, the travel and tourism industry is a very important part of the world economy. The financial value that it creates annually runs in trillions of dollars.
As others have mentioned, Egypt and several other countries in the region are undergoing political turmoil right now.
Americans and other foreigners currently in the country have had significant difficulty getting out and ATM machines have been emptied in many areas of the country. While this turmoil hopefully will not last, it will discourage many The type and severity of the effect obviously depends on what type of political change has occurred in a country.
Technological factors too have a similar effect on the tourism industry and demand for travel and tourism. In the advanced countries, several places despite not being geographically attractive or naturally beautiful, the cities attract tourists in large numbers because of technological factors. A PESTLE Analysis of The UAE. Thomas Bush Jun 10, As an entire country, the United Arab Emirates certainly has a few different political factors that affect its standings. These include the following: Image “Dubai by night” by Kamel Lebtahi is licensed under CC BY-ND . Political And Economic Stability: Dubai is part of the UAE which is a low-crime and politically-stable country. Also, the UAE enjoys financial and monetary stability. Its well-developed, sophisticated banking system features extensive credit facilities and ample liquidity.
While this turmoil hopefully will not last, it will discourage many from traveling there--a country that depends heavily on the tourism industry. From a positive standpoint, countries that were once isolated by the Iron Curtain, have enjoyed a rise in tourism since the fall of the Soviet Union.
I took students on a trip to the Czech Republic several years ago, and while it was obvious that the country was still struggling to growing accustomed to their new-found freedom, it was also evident, that cities such as Prague were benefiting greatly from the tourism industry.Politics and those involved with the political process, are therefore in a position to influence and articulate the views of tourists all around the world.
Aside from influencing and projecting destination-related opinions, politicians make decisions every day which directly affect the tourism industry.
Politics of the United Arab Emirates takes place in a framework of a federal, presidential, and a constitutional monarchy.
The United Arab Emirates (UAE) is a federation of seven constituent monarchies: the Emirates of Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain.
Macroeconomic factors political instability to put pressure on tourism The Russian market has long accounted for a large number of visitors to Abu Dhabi and Dubai.
> Home > About Dubai > Dubai Economy: The Dubai economy enjoys a competitive combination of cost, market and environmental advantages that create an ideal and attractive investment climate for local and expatriate businesses alike.
Supportive commercial, industrial, political and economic factors are currently in place that make. Factors driving tourism growth in Dubai Given the rising trend of growth in the tourism sector of Dubai, it would be really interesting to figure out the factors that have contributed to the growth of tourism sector in Dubai.
PESTLE analyses look at the Political, Economic, Social, Technological, Legal, and Environmental factors that affect a venture, organization, or country’s success. If you’re still unsure as to what a PESTLE analysis is, be sure to read this article before moving on.