ABSTRACT

Since the early 1970s the marketplace for tourism and hospitality services has become increasingly international and competitive. This process of ‘globalisation’ has mirrored macro-trends of escalating worldwide trade and strategic international alliances between nation-states and major corporations, particularly in developing nations (Hall 1997; WTO 2000). Globalisation may be defined in a number of ways, for example:

The extension of traded goods into global markets. Or, The expansion of exports and imports and the import of capital equipment.