Traditional Culture Encyclopedia - Travel guide - How many stages does a tourism product go through from development to elimination? What are the basic characteristics of each stage?

How many stages does a tourism product go through from development to elimination? What are the basic characteristics of each stage?

how many stages does a tourism product go through from development to elimination?

what are the basic characteristics of each stage?

a tourism product has to go through four stages from development to being eliminated by the market: input period, growth period, maturity period and decline period.

the investment period is characterized by less production and sales, low profit or even loss, high cost and less competitive threat.

The growth period is characterized by a rapid increase in production and sales, a straight-line increase in profits, a decline in costs and the entry of competitors.

The mature period is characterized by the highest sales volume and profit, intense competition and lowest cost.

The recession is characterized by the decline in production, sales and profits, the rise in costs and the clear competition.