Tourism and Hospitality Sydney Habour Bridge

Question: Discuss about theTourism and Hospitalityfor Sydney Habour Bridge. Answer: Determinants of Tourist Demand The local tourist attraction that we are going to focus on is the Sydney Habour Bridge, which is one of the most famous icons in Australia. It is also called coathanger and is the largest steel arch bridge in the world. from the bridge there is a spectacular view of the city as well as the habour.Lets look at the factors that affect tourist numbers to this famous icon.. These factors can be grouped into five major groups: Income level available. This refers to the amount of money available to consumers to spend on leisure goods, such as tourism, after having paid for their basic needs. That is, it refers to the budget constraint to which the demand for any good is subjected (Coccossis, Mexa, 2004). If income levels is high many people will visist the bridge. Price level. With regard to this variable, it must be considered that it does not affect markets of origin in the same way as tourist destinations. In the home market, high prices or strong growth in domestic prices in Australia the numbers of tourists visiting the coat hanger is affected by domestic price level. The higher the price levels the less the tourist numbers. leads to an increase in spending on basic necessities, which means that a larger part of the rent is spent for these purposes, thereby depleting Amount spent on tourism (to maintain the budget constraint).. The relationship between demand, income, and price is expressed by economists in terms of demand elasticity, i.e. The degree of change that can be expected in demand against variations, either in the price of consumer goods, or in the level of disposable income.. When the elasticity is less than 1 the demand is little sensitive to increases in income, i.e. The increase in consumption is made in a smaller proportion (Holloway, Humphreys, 2016). When the elasticity is greater than 1 means that before changes in income, the quantity demanded of tourism increases more than proportionally. Fiscal policy and expenditure controls in tourism. This variable indirectly related to the disposable income of individuals is an important economic component. Faced with an increase in the fiscal pressure, the disposable income of individuals is relatively lower and, therefore, there will be a decrease in demand. Thus , less number of tourists to the tourist attraction. Exchange rates. The explicit relationship between the currencies of the countries that emit and receive tourism is an important factor in the tourist demand. A strong relationship of the currency of the issuing country with the dollar favors the tourist demand towards the destination countries with less strong currencies against the dollar. There is also another factor of political stability, which leads to increased tourism numbers (Peters, Pi kkemaat, 2012). Australia has been having a stable political environment , hence tourists are able to visist the site. Tourism Attraction Attributes the bridge has the following attributes the habour bridge is 134m high and 1.12 kilo metres long. .it used an approximate of six million rivets before completion.during hot temperatures, the height of the arch increases by as much as 17 cm, however, this change does not compromise the bridge. the bridge weighs approximately 52800 tonnes, with the arch weighing 40000 tonnes. 80% of the steel was imported from England. it took 9 years to complete the bridge in which 16 men died from the bridge related work. Throughout history the practice of tourism has been evolving, modifying travel patterns that have allowed the emergence of new destinations around the world. Even to the interior of the nations, the forms of travel and destinations visited have been modified, increasing the type and number of tourist products (Page, Connell, 2010). This diversification of tourism products is based on the new market segments that arise with the change in social patterns such as the emergence of single-parent trips or the increase of leisure time throughout the year, so it is necessary to identify which segment of Market can have access to the destination, how often, what is your average spending, etc. Tourist Products Among them in Australia are natural resources: beaches, mangroves, jungles, rivers, caves, flora, fauna, etc., which can form a tourist attraction; Services such as accommodation, food establishments, travel agencies, lessors and tourist guides; Accessibility: roads, and different types of transportation. Tourist destinations for optimum development and promotion of tourism must consider not only the natural resource they have, but also take into account aspects such as infrastructure, services and public planning in the city, Ease of access to the place. The attractions for visitors are the main symbols and images of tourist destinations in Australia, and as such, they reflect the differentiated valuation of certain resources and places, both by actors belonging to the community and by other agents related to the local productive system. Most of the heritage attractions have some kind of nucleus that promises a tourist experience. References Coccossis, H., Mexa, A. (2004).The challenge of tourism carrying capacity assessment.Aldershot, England: Ashgate. Holloway, J., Humphreys, C. (2016).The Business of Tourism. Harlow, UK: Pearson Education Limited. Moutinho, L. (2011). Strategic management in tourism. Wallingford: CABI. Page, S., Connell, J. (2010). Tourism. Los Angeles: SAGE. Peters, M., Pikkemaat, B. (2012).Innovation in hospitality and tourism. Hoboken: Taylor and Francis. Robinson, P., Luck, M., Smith, S. (2013). Tourism.CABI.