Financial Performance Analysis of Silvas Tour and Travel Company

This report provides an analysis of the financial position of Silvas Tour and Travel, a travel agency based in Auckland, New Zealand. The report examines the company's role in the tourism sector, highlighting its commitment to providing optimal travel services and airfares. It discusses the agency's operations, its relationship with the Auckland Council and Papakura Local Board, and its efforts to expand its services. The report reviews key financial aspects, including international tourist spending trends and the company's internal control systems. The conclusion emphasizes the importance of maintaining high service standards and innovation to attract both domestic and international tourists. This report is a valuable resource for understanding the financial performance and strategic positioning of Silvas Tour and Travel within the tourism industry.

Running Head: Silvas Tour and Travel
SILVAS TOUR AND TRAVEL
Name of the Student
Name of the University
Authors Note

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Silvas Tour and Travel
Introduction
Tourism has a significant impact on the economy of New Zealand, and Silva Travel &
Tours has an instrumental role to play in stimulating its growth. Silva Travel & Tours Ltd is a
small organization that is not well known to the public. Silva Travel & Tours Ltd is a travel
agency headquartered in Auckland, which is dedicated to providing its customers with the best
travel facilities and the best airfares for all well-known airlines (Mohammadzadeh, 2019). The
paper aims to find the annual reprt organizational financial position of the silvas tours and
travels. Silva Airlines runs with a dedicated operation and a team of qualified professionals for
more than five years. Providing best travel options and the best airfares for all the well-known
airlines and enhances the journey hassle-free (Silva Travel, 2020). The Auckland Council and
Papakura Local Board support Silva Travel & Tours Ltd and rely on them for funding, and
understanding what people want and expect from tours and travel company.
Discussion
Silvas Tours and Travels enhances to work with the local board to endorse ethical code
and practices to encourage, stimulate, and encourage the desire to travel hassle-free. All
members of this agency ensure to meet the membership and financial criteria of silva tours and
travel for at least two financial, which is reviewed by local boards and Auckland council
(Spoonley et. al 2016). Silva Travel & Tours Ltd enjoys the benefit of being part of the Papakura
local board and Taanz member preferred by the Auckland council. Yet it is not popular among
the public, but it wants to expand its services and become a known face in hospitality and
tourism industry. Silvas engages its members in standards, qualification, training, and
maintaining a high degree of professionalism. The Board's committees were approached to

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Silvas Tour and Travel
particular scrutiny concerns, which include the Audit Committee and the Committee on
Remuneration. The Audit Committee meets a minimum three times per year (McArthur, 2019).
It reviews the internal control system for Silva Travel & Tours Ltd, external audit relationships
and risk management, obligations, financial reporting, health and safety management, and
including International Financial Reporting Standards. It reviews the remuneration and
performance of the senior manager and the CEO of Silvas tours and travels (Gorchakova, 2017).
Based on these financial statements and service results statements, the Board provides its opinion
on a realistic view of the financial situation and functioning of the Silvas Board Group.
International tourist spending remained flat for the year ending June 2017 at $10.25 billion but
was followed by a decrease in average spending per tourist, which came down 8 percent to dollar
210 ((Silva Travel, 2020). The declining stage extraordinarily long period of spending per tourist
in 2016 up 16 percent from the financial year 2015.
Conclusion
From the above it is concluded that Silvas Tours and Travels enhance to have strong
boundaries around the traveling objects to maintain a high level of service care and remain
essential to the culture of New Zealand. Silvas Tours and travels must thrive to achieve the
highest recognition in traveling agencies by enhancing innovation to its daily basis of customer
services and attracting more foreign people by engaging international and domestic tours and
travels. Even silvas tours and travel is not popular with the public, but it wants to broaden its
services and become a better recognised face of tourism and hospitality sector. Silvas is
committed to qualifications, education, preparation, and maintaining a high degree of
professionalism among its members.

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Silvas Tour and Travel
Reference
Gorchakova, V. (2017). Touring blockbuster exhibitions: Their contribution to the marketing of
a city to tourists (Doctoral dissertation, Auckland University of Technology).
McArthur, J. (2019). The production and politics of urban knowledge: Contesting transport in
Auckland, New Zealand. Urban Policy and Research, 37(1), 45-61.
Mohammadzadeh, M. (2019). The Disruptive Mobility and the Potential for Land Reclamation:
the case. Development, 131(4), 233-245.
Spoonley, P., Imran, M., Jackson, N., Peace, R., & Cain, T. (2016). Transport demand
implications of changing population age and ethnic diversity in Auckland: A thought
piece.
"Silva Travel & Tours| Auckland Travel Agency Best Airfares". Silva Travel, 2020,
https://www.silvatravel.co.nz/?
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