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People

People/Month

Labour Force Dynamics

43,000

9.0

41,000

Labour Force Growth Rate in Labour Force

8.0

39,000

7.0

Number of Employed Workforce

37,000

35,000

33,000

31,000

6.0

5.0

4.0

3.0

Growth in Workforce (Per cent)

29,000

2.0

27,000

1.0

25,000

2007

2008

2009

2010

2011

2012

2013

Vacancies and Desired Vacancies in Tourism Sector

14,000

12,000

10,000

8,000

6,000

4,000

2,000

Vacancies Desired Vacancies

-

Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13

Response of Labour Market to an Unanticipated Boom in Tourism

2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 -

Layoff Rate

Hiring Rate

Vacancy Creation Rate

Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13

Hotel Capacity Dynamics

68,000.0

4.00

66,000.0

Bed Capacity Growth in Capacity

3.50

64,000.0

3.00

Bed Capacity

62,000.0

60,000.0

58,000.0

56,000.0

2.50

2.00

1.50

Growth in Capacity (%)

1.00

54,000.0

52,000.0

0.50

50,000.0

2007

2008

2009

2010

2011

2012

2013

Supply Chain Dynamics in Response to a Boom in Tourism Industry

600

500

Beds per Month

400

300

200

100

Acquisitions Depreciation Orders Desired Acquisitions

0

Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13

Amplification Ratio

1.35

1.3

1.25

1.2

1.15

1.1

Amplification Ratio

1.05

1

Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13

15

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