“What are the typical impacts that inflation can have on the tourism industry and what solutions, to ease the negative impacts, can be implemented?”
Include reliable statistics of the impact inflation has had in recent years, using reliable sources e.g. government statistics, on SME’s.
Provide evidence of both the negative and positive impacts of inflation.
4. Using research conclude with solutions that the tourism industry can use to reduce the negative impacts of inflation.
Please clarify each section and respect!
1. Explanation of the types of data e.g. statistics that are used to identify that inflation is occurring and data that demonstrates the measured impact that inflation has had on SME’s – you will need to use both government statistics (Office for National Statistics) and industry related statistics. The majority of this section of your project will need to be based on quantitative research.
2. Qualitative research that gives examples of both the negative and positive impacts inflation can have on the tourism industry – journals and specialist textbooks can provide this information.
