Tourism in Germany, Spain, and Italy

Running head: ECONOMICS FOR MANAGERS
Economics for managers
Name of the student
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1ECONOMICS FOR MANAGERS
Table of Contents
Answer 1....................................................................................................................................2
Answer 2....................................................................................................................................3
Answer 3....................................................................................................................................5
Answer 4....................................................................................................................................7
Reference list............................................................................................................................11

2ECONOMICS FOR MANAGERS
Answer 1
The Tourism Investment Monitor is the article which have examined the Australian
economic status which will be stating about the contributors of the economy which have also
contributed to the growth of the economy. As it has been found out that the economy of
Australia known to have experienced a huge growth in the last two decades. The article will
be evaluating the values of the large projects that have been invested in the tourism pipeline
of Australia. More than $30 billion have been invested for the Australian tourism industry.
On the other hand, the arts, business services and the recreation are known to amount more
than $10 billion. The infrastructure which is related to the aviation projects known to have
amounted more than ten billion where the projects were also known to be quite expensive in
nature. The investors which are not from Australia will be strengthening the investment
pipeline of the projects. A large sum of money had been put in to business services, projects
related to accommodation and the infrastructural projects. By the year of 2027 it is expected
that the tourism expenditure will be growing up at the rate of more than six percent for
reaching the value of $220 billion. The demand for the services related to the airline industry
will result sue to increase in the number of he visitors. the growth in the visitors will also lead
to increase in the demand for educational services and hotels. Therefore, it can be said that a
huge amount of investment is needed in the tourism industry of Australia for keeping the
market towards equilibrium. The tourism investment pipeline has been designed in such a
way in order to track the projects related to investments for moving towards the mixed-use
projects which basically combines the tourism accommodation with other companies that are
related to non-tourism. The places like Queensland and Victoria are known to be the favorite
destinations for the mixed used developments with the project’s availability. According to
some of the recent repots it have been found out that an amount of more than US$40 billion

3ECONOMICS FOR MANAGERS
had been received by Australia as a foreign direct investment where the infrastructure of the
aviation industry in the year 2017 had been known to be worth ten billion which have been
known to spread across 19 projects. The Brisbane Airport domestic terminal along with the
Perth International are some of the projects related to the aviation infrastructure. The
Melbourne Airport Construction is also included in the aviation infrastructure. The under-
construction projects are known to be valued at $3 billion in 2017. The factors which will
lead to the rise in the demand for tourism includes arts, recreation and infrastructure of the
business service. The investments of the various kinds of infrastructure have been spread
across the different types of the projects. The pipelines that are related to the cultural facilities
as well as the arts are known to cost more than three billion for the fifteen projects. Although,
mostly the nine projects known to have valued more than $2 billion.
Answer 2
(a) According to the question it can be seen that the hospitality industry is known to be
perfectly competitive in nature and now the government decides for levying the tax on
the buyer for the hotel accommodation. The market which is known to be perfectly
competitive in nature will have a large number of buyers as well as large number of
producers in the market. the services or the products that is usually sold in the perfect