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Economic aspect of tourism
Economic aspect of tourism
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More handpicked essays just for you.
Economic aspect of tourism
Economic aspect of tourism
Don’t take our word for it - see why 10 million students trust us with their essay needs.
One of the primary motivations to advertise itself as a destination for tourism is the likely economic boost in a developing country. The powerful economic forces provide employment, foreign exchange, income and tax revenue. One of the common economic impacts of tourism is the Multiplier Concept where good or service purchases from the tourist are gain by the Sterling Bay. The earning is then spent again by Sterling Bay to provide a better goods and services for better value.
The effect of tourism on under developed nations, which was always debatable, has now become more controversial. The substantial influence of tourism has sparked the controversy over the potential impact of this on impoverished nations in recent years. As such, with its advantages come correlative disadvantages too some of which are equally as severe as the upsides. In this essay, I will delineate them all with pertinent arguments and examples before deducing a quintessential conclusion. At the outset, there are numerous reasons that affirm how rising tourism can be beneficial for under developed nations; but the most conspicuous one lies in the fact that tourism brings several economic benefit for the host nation, as it inevitably facilitates
The tourism business today has been perceived as a worldwide industry, with makers and customers spread far and wide. The utilisation of tourism facilities is no more considered an extravagance. For some individuals, these services have turn into a basic part of their way of life. Also, in the most recent two decades, interest for supply of hospitality services past that of conventional services proposed for voyagers have raised the development of the neighbourliness business all around, prompting extraordinary rivalry in the commercial center. As indicated by examination, one of the best difficulties confronting tourism associations today is the regularly developing volume and pace of rivalry.
IDENTIFY AND RESEARCH A TOURISM ATTRACTION Introduction Tourism has experienced continued growth and extensive diversification and competition on the last decades, becoming one of the fastest growing economic sectors in the world and by consequence, one of the main income sources for many developing countries. “Every time we travel we are part of a global movement that has the power to drive inclusive development, to create jobs and to build the sustainable societies we want for our future,” says the actual UNWTO¹ Secretary General, Taleb Rifai. “This movement also contributes to build mutual understanding and to safeguard our shared natural and cultural heritage,” he completes. A sustainable and responsible approach to tourism means that neither the natural environment nor the socio-cultural organisation of the host communities would be compromised by the arrival of tourists.
Cruise tourism is one of the largest components in tourism industry and also one of the fastest growing industry in the world. It has generating revenue and creating job opportunities in many country. The growth rate of cruise tourism has been almost twice the average rate of traditional land-based tourism. Cruise tourism has provide few real jobs and business opportunities for local resident. The impact of cruise tourism on a location are not only positive but also has its negative.
Tourism industry in the country and its impact on people and wealth Introduction Introduction to Sri Lanka and its economy Sri Lanka, known as the Pearl of the Indian Ocean is officially called the Democratic Socialist Republic of Sri Lanka. After gaining independence from the British in 1948 the country continues to attract foreign investors and tourists to the island. The country boasts a proud heritage of over 3000 years from the Anuradhapura period to Polonaruwa period. At present, it is one of the major foreign exchange generating industries in Sri Lanka and nearly 1, 50,000 people directly or indirectly depend on the industry for their livelihood.
Benefits of Tourism Tourism is an important activity that people has undertaken for a very long time in the most countries around the world. In recent time it has been recognized as an important social and economic phenomenon. As well as its direct effect it has indirect effects both on the society and at the individual level. . The interaction between tourists and poor communities can provide a number of intangible and practical benefits. These can range from increased awareness of cultural, environmental, and economic issues and values, on both sides, to mutual benefits from improved local investment in infrastructure.
2 Tourism Industry “Tourism comprises the activities of persons travelling to and staying in places outside their usual environment for not more than one year for leisure, business and other purposes”. United Nations World Tourism Organization (UNWTO). “Tourism is the temporary short-term movement of people to destinations outside the places where they normally live and work, and activities during their stay at these destinations; it includes movement for all purposes, as well as day visits or excursions. ”(Holloway, 1987, p.2 & 3).
The larger the tourism industry relative to the local community, the greater its socio-cultural impact is likely to be. • The relative importance of the tourism industry. The consequences of tourism will be more keenly felt in destinations that are highly dependent on tourism, although established resorts may have a variety of controls in place to limit such consequences. • The pace of tourism development. Research has shown that socio-cultural impacts are more likely to be experienced when the development of tourism is rapid and uncontrolled.
“Tourism Behaviour understanding includes the idea and knowledge of the different factors which are by no other means very obvious because the effects which do shape the activities and tastes of tourism are often highly embedded in the cultural and the personal biography of the individual that the whole of subject is not known of how actually they were made.” (Seaton, 1996). Figure.1. The tourism system.
There is an increase on water and electricity demand with a great impact on the wider and local environment. The tourism development affects the social system both positive and negative. This depends on the kind of tourism that develops in the area. (Eagles and McCool, 2002).
The concept brings proofs on how people spend their time, in which areas and for which purposes. (Nash, 1960, cited in Morgan…). As the people spend their time on different activities, one of those activities is tourism. As well as leisure, tourism has many definitions; we will use one of those which reflect main idea. Tourism is a
Tourism is the income of people from one place to another place for vacation, but it can also be for business or entertainment. Tourism can either be international or domestic. Tourism has an influence on any country, either it’s for a positive impact or a negative impact. An example one might consider includes that the tourism in that individual country could possibly increase the income and positively improve the economic aspect of the country, but tourism can also negatively impact the environment. Tourism can also affect the population living in the country due to the amount of tourism which furthers the idea of more jobs need to be created for the new tourists.
“Tourism is now the largest industry in the world by virtually an economic measure, including gross output, value added, employment, capital investment and tax contributions. ”(Wheatcroft,1994).Tourists can be defined as people who travel to and stay in places outside their usual surroundings for more than twenty-four hours and not more than one consecutive year for leisure, business and other purposes by the World Tourism Organization. Tourism industry is the idea of attracting, accommodating, and pleasing groups or individual travelling for pleasure or business. For example hotels, restaurants, and tour guides. Five sectors in tourism industry, which is including accommodation, food & beverage services, recreation & entertainment, transportation and travel services.
Therefore, tourism may be defined as the activities, processes and outcomes by the relationship and interaction among the tourist, government, suppliers of the tourism, the host communities and the environment that surrounding the destination which involved in attracting and accommodating of the visitors (Goeldner & Ritchie, 2009). According to Goelner & Ritchie (2009), there are four different perspectives of tourism can be identified from the tourist, business operator who providing goods and services, government of the host destination area and the local community. The first group is the tourists or visitors. They are the group who search for various travel experiences and satisfaction physically and psychologically.