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  Egyptian Tourism Federation
  8, El Sadd El-Aaly Street,
  Dokki, 11312, Giza
  Arab Republic of Egypt

  Phone:


  +(202)- 3748-3313                3760-8487
               3761-6387
  Fax:   +(202)- 3761-4286
     info@etf.org.eg
     etf@etf.org.eg

 

 

Introduction Vision and Mission Statements Further Information
Strategic Evaluation Risk Management Business Partners
 
Risk Management

There are a number of key factors affecting the recent trends in international tourism:

- Globalization: Globalization interprets the global economy as a market that is not restricted by national borders. It means increasing international dependence of markets and production by trade in goods and services. GATS paves the way for globalization process through increasing international distribution of labor, liberal global economic order, free cross-border and movement of capital.

- This trend would increase international strategic cooperation, alliances, acquisition and enhance exchange of technologies, as well as, cross-border transfer of know-how.

- Technological Progress: Entails the application of those changes in powerful markets, while it is enormously expensive for individual small or medium sized tourism enterprise.
 
-New Markets: New markets are emerging such as Eastern Europe, Latin America, South East Asia and Long Haul destinations. This market change could cause the imbalance of present situations in many countries. However, it could be managed through deep research on, studies of and flexibility in risk management.

Risks need to be classified. A risk is small or big not simply according to its magnitude but also to its structure. There are essentially four kinds of risks:
 
- Risks one must accept, since it is built into the nature of the business
- Risk one can afford to take
- Risk one cannot afford to take
- Risk one cannot afford not to take.

Have Your Say
Are tourist campaigns enhancing native awareness?
Yes, they are enough
Yes, but more can be done
No, the message has not had an impact
 
 
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