Demonstrate an understanding of the complexities of the tourism industry, identifying the numerous stakeholders involved
Get ready for the unpredictable future
The Tour Operator
In the Tour Operator business simulation, participants work in teams to manage their own online travel and tourism company. Teams should decide on destinations’ offerings for targeted groups based on their business strategy. They should also determine what service levels should be required, what allotment deals to procure, and what prices to charge. The overall aim is to improve company performance, increase market share, and outperform the competition by gaining points via the simulation's Balanced Scorecard. This business simulation is played in rounds where each round is equivalent to one year of operations. In each round, the teams conduct an internal and external analysis consisting of indicators such as market shares, market segments, financial position, news events, local representative results, Balanced Scorecard and more.
What You will Practice in this business simulation
Business this simulation will cover the following areas:
Understand how departments and functions interact and how decisions affect one another
Assess and evaluate the role that each stakeholder plays in the development of tourism destinations
Analyse the importance of interrelated relationships between stakeholders
Make recommendations and provide solutions for effective tourism development
Manage distribution channels and learn targeting and positioning techniques
Learn Performance improvement techniques and apply in real life scenarios
Evaluation of business financial statements and results
Click to Know more about this interactive AI based simulation module
We enable businesses, professionals, and practitioners to experience and manage real business scenarios in a risk free environment
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