CASE STUDY – EGYPTIAN TOURISM INDUSTRY, THE HILTON HOTEL IN EGYPT

Learning outcomes 

After reading this case study and completing the questions, students should be able to do the following: 

•   Differentiate between demand and supply in the tourism industry.
   
•   Determine the factors affecting demand and supply side in the tourism industry.
   
•   Distinguish the differences between elasticity of demand and supply.
   
•   Identify the concept of sunk cost and it relation with fixed cost.
   
•   Identify the perfect competitive market.