There seems little doubt that Low-Cost Carriers (LCCs) have had a substantial impact on the tourism sector, with the generation of volumes of tourists to emerging and mature destinations. However, little is known about how the tourists' profile depends on the influence exercised by an LCC in the...

Quantitative methods to forecasting tourist arrivals can be sub-divided into causal methods and non-causal methods. Non-causal time series methods remain popular tourism forecasting tools due to the accuracy of their forecasting ability and general ease of use. Since tourist arrivals exhibit...

According to uncovered interest parity (UIP) theory, the rates of return on comparable assets should be equal across the world, implying that the exchange rate would adjust to ensure that differences between world interest rates average zero. In addition, real interest parity (RIP) prevails when...

Purpose – For competitive intelligence (CI) to evolve into a successful business discipline in a company, a culture of competitiveness should prevail. The extent to which CI is practiced in South Africa and the CI culture that exists in South Africa have remained a mystery until the late...

Africa’s tourism potential is acknowledged to be significant but underdeveloped. This paper uses both cross-section data and panel data for the period 1996–2000 to identify the determinants of tourism arrivals in 43 African countries, taking into account tourists’ country of origin. The...

While cultural events are primarily hosted to enhance, expand and celebrate a certain culture, the economic role that these events play in the host towns are often overlooked. The economic importance stems from the expenditure by attendants that filters through the local economy, stimulating...

The aim of this article is to indetify what operational risk in banking institutions entails and to identify the various firm-wide key operational risk indicators in a typical South African retail bank. This article includes both internal and external operational risk events in the definition of...

Globally, tourism is the largest and fastest growing industry, outpacing all other industries. In South Africa, tourism is widely regarded as a growth catalyst, able to generate much-needed income and employment opportunities. The market potential of domestic tourism has, however, been...