THE OUTPUT EFFECT OF STOPPING INFLATION WHEN VELOCITY IS TIME VARYING

The technological changes in electronic channels, such as on-line access, will have an important impact on tourism, including marketing, consumer protection, information, education and employment. The demand for travel information is increasingly sophisticated and tourism industry employees need to learn how to use the technology for a proper response to a wide range of needs. Keywords: it system, technology, travel industry

BLACK SEA: EUROPEAN TOURISM AND PRODUCT INNOVATION

Nowadays, tourism is a dynamic industry that implies continued challenges for the companies in the field. As the tourist experience evolves, technology develops, and the quality of life rises, tourists have more and more sophisticated and complex tastes and needs for tourism products. These new tastes are going to transform themselves in a real trend in the following years. Because of this, tourism products require deep innovation, especially since the competitive focus will be on quality, customer care, and comfort, all of these combined with the uniqueness of the tourism product. A real product innovation requires a change in the companies’ policies, as well as in their corresponding strategies. This change would impact the managerial engagement in trans-national strategies, I.T. skill development and the procedures sustaining transnational operations, such as: knowledge and information transfers and awareness of national socio-economical competitiveness policies.innovation, changes, tourism products, product and process innovation

VIRTUAL EDUCATION

The internet economy is strongly connected with its developing modalities. A society desiring to be developed must be initially educated, in order to understand the benefits of the new modality of social integration. The practical finality of the “e” phenomenon in the educational field is the application of an eLearning system.virtual, education

IMPACT OF SERVICE COMMERCE LIBERALIZATION ON THE ACTIVITY OF TOURISM AGENCIES

Throughout time practice has demonstrated that the performance and competitivity of countries in certain fields of activity is mainly generated by the countries’ ability to develop partnerships and strategic alliances based on free flow of goods, capital and people. Such a model, nevertheless this time on a much larger scale is the European Union itself, which has from its birth supported and promoted partnerships, free trade and common monetary policies via stimulation of investments of any type and in any segment of activity.performance, competitivity, tourism agencies

Performance and technology on the travel industry

Much of the technological development taking place in the travel trade and transport sectors is, surprisingly, still at the embryonic stage. The extent to which the subsectors utilize the technology will undoubtedly grow substantially in the future. This may have the effect of increasing the market or alternatively it may merely displace business by changing channels of distribution.travel industry, technological development, distribution

THE INFORMATION AND COMMUNICATION TECHNOLOGY – IMPACT ON THE HOSPITALITY INDUSTRY IN ROMANIA

In the context of an increasingly dynamic society, globalization has become one of the key issues, causing important changes in the evolution of all economic sectors and especially in the development of the tourism industry, an industry that depends heavily on the free movement of people and unhindered access to information. Although the implications of the globalization phenomenon on tourism are extremely diverse and profound, sometimes difficult to commensurate, the evolution of the information and communication technology is currently outlining the main directions of the global economy through the accelerated pace of innovation. The hospitality industry requires a high level of adaptability to the demands of the tourist market, and the information and communication technology represents an efficient tool for increasing the degree of correlation between tourist supply and clients' demands, thus turning into a real progress bond. Improving the efficiency of this sector's activity becomes one of the primary issues on an increasingly dynamic global market, the changes regarding the distribution channel, the marketing services and the customer relationship management representing the key elements in this respect. In this context, the hotel market in Romania acquires new dimensions, its performance depending on the strong influence that the implementation of the newest informational technologies has on it, determining important changes at both the management and the operational level

VIRTUAL EDUCATION

The internet economy is strongly connected with its developing modalities. A society desiring to be developed must be initially educated, in order to understand the benefits of the new modality of social integration. The practical finality of the “e” phenomenon in the educational field is the application of an eLearning system.virtual, education

GLOBAL TOURISM PERFORMANCE IN RELATION TO CUSTOMER RELATIONSHIP MANAGEMENT FROM THE SOCIAL MEDIA PERSPECTIVE

Having one of the most prominent dynamics globally, tourism is still under the influence of several factors, extremely different and diverse, with sometimes profound influences, difficult to explain and to commensurate. The consequence, especially that of the economic and technological expansion, is that tourism in the 21st century acquires new meanings, with multiple roles, from influences on the lifestyle and the social status, to know-how influences on organizations. Apparently, one of the factors with major implications for productive aspects, the technological factor, is currently becoming, for the actors in the tourism industry, one of the progress binders, with positive effects both in the creation, distribution and sale of tourism products and in the area of pre and post sale relationships with customers. In this context, Social Media, the most important and discussed topic regarding the online environment nowadays has become, for the tourism industry as well, a difficult to manage phenomenon, through the benefits but also through the risks regarding a new way of communication, a deep, transparent, fast one. Social CRM represents the next step to take for companies that want to get closer to their clients, becoming more efficient and competitiv

GLOBAL CHALLENGES AND TRENDS IN THE TOURISM INDUSTRY; ROMANIA, WHERE TO?

In the context of an increasingly dynamic global society, adapting to new market conditions becomes a necessity, so that mutations in the tourism industry, as the economic sector to record the fastest ascent, become part of worldwide change. Tourism in the 21st century meets new dimensions as a result of unprecedented economic and technological expansion, the implications of these changes being profound and sometimes even difficult to explain or quantify. Therefore, defining an adequate tourism offer and adapting to market requirements become real challenges for economic agents, challenges that must be managed carefully in order to attain success. Currently, the focus is mainly on the technological factor and the sustainability of tourist activities, which become real progress binders, with strong influence on the entire supply chain. Global outlined trends define new ways to practice tourism, so that the technological evolution marks the transition of the entire travel experience from the offline to the online environment. The mobile segment is the one currently creating the newest opportunities for the development of tourist services, which is based on an increasingly close relationship between operators and tourists. It is to be seen whether Romania, as an emerging tourism market, which owns all necessary assets for a rapid and strong ascent, will be able to turn challenges offered by global dynamics into opportunities or will face the risks induced by it