Spa Business in Thailand's Economy

Paper Summary:

Despite an economic crisis in Asia during the early to mid 1990s, statistics show that it is likely that Thailand's economy could support the establishment a business within the country's popular tourism industry. The paper examines the idea of opening a spa in Thailand within the context of this country's economic, social, and political environment. The paper includes diagrams and tables.

Paper Outline
Introduction
Economics
Social and Environmental
Competitive
Politics
Recommendations
Bibliography

From the Paper:

"A rebound of tourism and the hospitality industry has been realized in recent years, after a temporary decline post the September 11 attacks (Richardson, 2002). Statistics released from January to November of 2001 according to the Bank of Thailand, indicate that "arrivals are up more than 10%" (Richardson, 2002). Many reports have pointed out that Thailand in particular has faired far better than many other Asian economies related to the recent political, environmental and international climate. Despite a tremendous decline in the industry in other regions, Thailand has managed to surface as a leader in many respects."

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