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Bargaining power of suppliers

Suppliers are necessary for any industry because a company cannot just do all things they have to do or posses everything for the sales of the product or the service. So, every industry must need suppliers, some industries needs few of them, another type of industry must need more. In the industry of tourism suppliers are necessary for many things like transportation to and from destinations and ground transportation when moving from one side to another, restaurants, accommodation, cultural events when going outside, hospitals, the public authorities, and so on. So, in the tourism industry it is necessary to know all of the suppliers the company has to know how to improve or get some better suppliers than the competition and make some strong relationships.

 

In our case, the tourism industry has suppliers for transportation, healthcare professionals, recreational activities, and tour guiders. And finally, suppliers for furniture and decoration of the local, or in some cases, suppliers for outdoor activities such as camping equipment. 

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