Bora Bora Hotel Pestle Economics

Economic factors touristry and profit industries be two biggest sectors in Bora Bora, cut Polynesia, about 40 pct of employees work in the Service sector. In 1997, almost eighty percent of the whole GDP in this country was from service sector. During the end of the last millennium, at that place has been a considerable economic decline in the whole French Polynesia, mainly in Tahiti and Bora Bora. But with the economic help oneself of France and clearing the rumors of nuclear experiences the countrys sparing started to grow.This countrys climate is very adept for hotels, because almost all year its tender and the exotic nature always attracts people. Lately, there has been a huge increase of tourists that travel to Bora Bora, because of the raw(a)ly strengthened hotels and airports. This is a huge factor for our chosen hotel, Hilton, because if much than people will want to go to this area, there has to be more hotels for their accommodation.But other hotel chains are also interested in building new hotels in Bora Bora, because of its newly found Brand intelligence as a holiday resort and ripening economy. Bora Bora does not produce a lot of goods, so they have to be merchandise. Which is mainly the Hotels problem, because the Leviesand excises on imported goods and licensing fees in the whole French Polynesia are the highest ones. The main objects that Bora Bora imports include food, fuel, building materials,consumer goodsand automobiles.Because they are imported, these goods cost more for the hotel than the natively made ones. Their main importers are United States and France. In the world chart, French Polynesia is in the two snow twelfth place, with the inflation tramp of 1. 1, while for example, Denmarks inflation rate is 2. 8, United States inflation rate is 3. 1. In 2008, the currency exchange was 16. 5 French Polynesian francs for one US dollar.