analyze the macro environment determining the economic situation of the destination. They focus their analysis on one factor affecting the general economy (and subsequently tourism) in the selected destination. The analysis must be illustrated by 2 figures / tables taken from published sources, to be inserted “in text”. One of the 2 illustrations must be extracted from recognized organizations’ publications like OECD, IMF, etc.; the other can be taken from Statista and other commercial sources.
The eligible macroeconomic factors for this task are: Unemployment, Inflation, Consumer price index, Income, Interest rates, Currency / exchange rates, Balance of payments, National debt. Students must adopt a macroeconomic viewpoint for this analysis.
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Task 2, part A Students analyze the tourists’ demand of the selected country (outbound travel from the selected country, seen as a source market); the research is not limited to economic factors but must include some economic dimension.
Task 2, part B A table presenting the country’s trade balance of international travel (inbound expenditures (=receipts) minus outbound expenditures) must be created and included in this section; its trend must be related to the economic situation of the country and discussed. This task is limited to international tourism and does not consider domestic travel. Minimum 3 years must be presented in the table. Even though different sources provide data of international tourism receipts and expenditures, students are required to use the official database of the UNWTO compendium, made available for this purpose.
Task 3 Students analyze one or two of the long-term tourism strategies used by the selected destination to develop inbound travel and to increase tourism value. Official documents published by the government (ministry of culture, of economy, of transport…) or by the DMO (Tourist Office) must be used as references to fulfil this task. Sources from supranational organizations (UN, IMF, OECD) can be used as alternatives to national sources.