Impacts on Thorpe Park
Economic
Unemployment:
In an economic depression unemployment rates and decrease in the flow of money into the economy. Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees will become unemployed at the end of the 9 months every year.
Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are short on staff one person cannot check all the seatbelts are locked on the rides than activate it as it will take double the time to get the ride going and make the customers waiting time longer which will make them fail their objects of giving customers a ‘’thrilling experience’’, resulting in a bad performance and customers never coming back.
Due to people who have lost their jobs, money is now being spent much more carefully. This means that the average person is spending their money on only the necessities such as food, fuel and bills. more extravagant purchases such as clothes cars and days out to the local theme park are not high on most people priority’s therefore I would expect to see the amount of visitors to Thorpe park decreasing for most of the time throughout the year. however, due to the unemployment rates many people instead of taking family trips abroad, now prefer to stay at home to save money and spend their holidays in Britain, meaning British resorts, parks, museums and even Thorpe Park see a much higher visitor level in the past 2 years than they have for a very long time especially in the summer months and other holidays. So I would expect to see a decrease in visitors overall in comparison to previous years but during the summer months visitor numbers have greatly increased. Therefore profits will have decreased and staff at Thorpe Park will be made redundant. I think this will be a long influence as we are currently in a recession which means unemployment
Unemployment:
In an economic depression unemployment rates and decrease in the flow of money into the economy. Thorpe Park will find it exceedingly difficult to earn profits. As a result they reduce their staffs that lead to unemployment. But they only hire seasonal staff who only work 9 months of the year so employees will become unemployed at the end of the 9 months every year.
Unemployment is a major influence on Thorpe Park as it will affect its products for example if they are short on staff one person cannot check all the seatbelts are locked on the rides than activate it as it will take double the time to get the ride going and make the customers waiting time longer which will make them fail their objects of giving customers a ‘’thrilling experience’’, resulting in a bad performance and customers never coming back.
Due to people who have lost their jobs, money is now being spent much more carefully. This means that the average person is spending their money on only the necessities such as food, fuel and bills. more extravagant purchases such as clothes cars and days out to the local theme park are not high on most people priority’s therefore I would expect to see the amount of visitors to Thorpe park decreasing for most of the time throughout the year. however, due to the unemployment rates many people instead of taking family trips abroad, now prefer to stay at home to save money and spend their holidays in Britain, meaning British resorts, parks, museums and even Thorpe Park see a much higher visitor level in the past 2 years than they have for a very long time especially in the summer months and other holidays. So I would expect to see a decrease in visitors overall in comparison to previous years but during the summer months visitor numbers have greatly increased. Therefore profits will have decreased and staff at Thorpe Park will be made redundant. I think this will be a long influence as we are currently in a recession which means unemployment