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Research Project on Tourism Industry in Australia

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Added on  2019-11-26

Research Project on Tourism Industry in Australia

   Added on 2019-11-26

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Tourism industry 1Tourism industryNameCourseProfessorSchoolCityDate
Research Project on Tourism Industry in Australia_1
Tourism industry 2AbstractThe tourism industry is a major key growth sector for the economy of Australia. With the rise of the Australian dollar the tourism sector would be greatly affected. In any country the economic systems as well as the financial have continue to be governed by their currency as well as the trends which are seen in the rise along with the fall of the currency. This rise in the Australian dollar has led to the growth of the tourism industry. This has led to the cheap local tourism whichhas been exhibited in the country. Some of the international economic researcher as well as the political analysts to predict when the country would become one of the economic power. According to the experts on the analysis they have carried out they believe that Australian dollar is expected to continue on this trend. This will have some implications on the country. Currently there has been steer excitement as well as optimism among the locals as the local are expected to enjoy cheaper shopping options and tourism. In this research proposal it intends to highlights the economic, social and the business issues in the tourism industry in Australia. The proposal will focus on the ethical considerations, literature review, the aims and objective of the research as well as the research design to this research. The design will focus on the methodology for carrying on this research on the trends and the movement to Australian dollar rise and the impactit has on the tourism industry.
Research Project on Tourism Industry in Australia_2
Tourism industry 3Research problemIn this research it will find out the repercussion of the climb of the Australian dollars over the recent years. The research will highlight the effect of this increase to the tourism industry in Australia. Moreover, it will highlight the social and economic repercussion of this climb(Caruana, 2016). Over the recent years the Australian dollar has been in a sharp rise. This dollar is at present higher over that of the US dollar. In this research to understand the dynamic of which causes thisrise it is important to understand some aspects such as the economy, business as well as the social factors (Cooper, Schindler and Sun, 2006). The rise of this dollar has also caused an excitement as well as optimism to the local individuals in Australia since they would likely get cheap import and cheaper tourism.The problem which this research intend to answer would be what are on the repercussion of the rise of the Australian dollars especially to the tourism industry which is the main focus sector in the research (Caruana, 2016). To be able to carry an in-depth analysis of this research there are various research question and hypothesis as highlighted below. Research questions 1.What are the effects of the fluctuations observed in the Australian dollar to the tourism industry?2.What are the factors which have caused the rise in the Australian dollar?3.What are the social impact of the Australian dollar to the tourism sector?4.What are the economic effect associated to the rise of the Australian dollar on the tourismindustry?
Research Project on Tourism Industry in Australia_3
Tourism industry 45.What are the impact of the exchange rate on the socioeconomic construct to the tourism industry?6.What are the business issues in the tourism industry that are associated to the current strong Australian dollar?These research questions will discuss on the problem of what this research will seek to answer and there are also hypothesis that have been drawn from the research as highlighted as follows.Hypothesis 1.The repercussion of the climb of the Australian dollars over the recent years to the tourism industry. 2.The economic, social and the business issues as well as the trends and movement of Australian dollar impacts to the tourism industry. Background The economic systems as well as the financial of the tourism industry can largely be governed bythe currency as well as the trends which are associated with both the rise and the fall of the currency (He, Fayman and Casey, 2014). In any country any changes in the currency leaves an effect to the economy, social as well as various sector of the countries (Henderson, 2014). Over the recent years it has been observed that the Australian dollar has risen and it has been higher than the US dollar (Fedoseeva and Werner, 2016). Based on the experts they have highlighted that this trend is expected to continue to rise and this will have implication particularly to the tourism sector which bring foreign exchange to the country Gooroochurn and Sugiyarto, 2005). For one to understand on the dynamics that governs the GDP and the social implication of an
Research Project on Tourism Industry in Australia_4

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