Recession & tourism industry in London during 2007-2010 Dissertation

Recession & touristry industry in capital of the United Kingdom during 2007-2010 - Dissertation ExampleThe tourism industry in London serves as the epitome of how the corner greatly ravaged several industries, given that it is considered as specialising in the provision of services that are secondary to humanity needs. However, the gravity of the matter herein is that this development does not auger well for the entire economy, since tourism provides classical socio-cultural, economical and political values to any given economy. It is for this reason that studying the impact of the 2007-2010 global monetary turning point on tourism becomes needful. Introduction That financial vibrancy of an economy affects different industries therein is a matter that is beyond gainsay. This is so since austere economic constraints compel people to seek more economically viable alternatives. This is particularly the case when the industries involved are seen to be peripheral to human needs. S pecifically, recreational and tourism industry are very vulnerable to financial meltdown that may take place at either the national or global level. This is because tourism is considered marginal to values that are sacrosanct to the food of human life. Man eventually prioritises his needs during the times of financial break as a path of eradicating unnecessary expenditure, so that he can eventually keep afloat. This is to say that the global financial recession of 2007-2010 affected the tourism industry in sundry ship canal that can be seen in the banter that ensues forthwith. Part 1 Purpose of the Research The explore topic of this research is determining the different ways in which the global financial recession of 2007-2010 affected the tourism industry. This is not to mean that the essence of the research is mainly limited to the chronological time frame of 2007-2010. On the contrary, by looking at the make of the 2007-2010 global financial recession, one can con the mann er in which the variable which is economic recession can affect tourism and recreational industry. The import of this above is that the main objective of this study is to determine the manner in which the global financial recession of 2007-2010 affected the tourism industry, so as to figure out about a myriad of corrective measures and policies that can keep tourism afloat, even in the manifestation of serious financial challenges. In turn, the need to keep tourism vibrant perennially is underscored by the socio-cultural, economic and political values that it (tourism) endows a nation with. No sooner than an economy downplay the importance of tourism than for its foreign policy begin to lose effectiveness and efficiency. The setting of this research undertaking comes against the backdrop of 2 years that succeed the 2007-2010 global financial recession. The 2 years which succeed 2007-2010 the global financial recession are significant in this research, given that it allows for adeq uate observations and rumination over the dynamics that the 2007-2010 global financial recession may have acted upon the tourism industry. This ensures that information that shall have been gathered on this matter allow for be as well-rounded as is needed in scholarly discourse. The need for a comprehensive discourse is underscored by the dictates of objectivity in academics. It is only by being objective that one allow be able to see the relevance of 2007-2010 global