Economic Aspects of Tourism

Tourism has become a commercial business, which has obvious benefits to the said economy, the environment and society. Often, the positive economic impacts persuade governments, companies and individuals to get involved with the development of tourism. Tourism creates jobs, both

Tourism has taken a toll on many Native Hawaiians and is a huge human rights issue today. Most Hawaiians dislike tourism greatly due to the selfishness and greediness tourists bring to their home country. The pastor at a small rural church on the island of Kauai, Reverend Kaleo Patterson, has witnessed and dealt with numerous Hawaiians who struggle with the issues of tourism. Numerous vacation resorts that attract tourists have taken over gravesites of Hawaiians that have passed away. Due to this problem ancient Hawaiians have to partake in reburials. Tourism causes destruction to coral reefs and rivers because of mindless pollution. Reverend Patterson has protested and given public hearings in effort to acknowledge her fury on tourism. Tourism has brought an uncontrollable worldwide business that has no sympathy or thoughtfulness for the original people of Hawaii.

Tourism has always been apart of us in different ways, shapes, and forms. It has greatly evolved due to technology and transportation advances, which have made traveling efficient and quick and given us the proper resources to be prepared prior to “adventuring” away from home.

Tourism has greatly increased over the years and has brought people of different cultures closer. There are many places to go explore and learn about how other live in different countries. Tourism has allowed travelers to the world around them, however the impacts from tourism on the host country are not known by many of the travelers. Some of these impacts from tourism can be negatively affecting the host country and those travelers who do not educate themselves on where they are going are most likely contributing to the negative impact. The Kayan people are one of the societies that are greatly affected by the tourism that comes to their village. The women are the main attraction of the village due to the rings that they wear around

Over the last 60 years, tourism has benefited from continuous growth and diversification, becoming one of the largest as well as the fastest growing world’s economic sectors. Tourism becomes one of the major categories of global trade in services. Nowadays, 7% of global goods and services exports are contributed by international tourism, and for the last four years, it has grown faster than the general global trade.[ Exports from international tourism rise 4% in 2015, (2016, May 6). Retrieved from http://media.unwto.org/press-release/2016-05-03/exports-international-tourism-rise-4-2015]

Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).

Tourism & hospitality is one of the world’s rapidly growing industries as income is generated through the expenditure of goods & services required by tourists. The tourist is therefore very important to the wellbeing of many countries.

Britain has been over the news due to the British exit the European Union, which this event is known as Brexit (Hunt, 2016). This decision brought a large impact on every country in Britain, but the Britain has not started negotiate with European Union about adapting regulations to minimize their negative consequences. Before people can list potential impacts of Brexit on Britain’s tourism, it is important for people to understand how well the Britain was doing in the tourism industry. In addition, it is important to analyze and understand what type of tourism impacts on Britain. So, people would know how Brexit will change its policy and what impacts will bring to their current life. It will provide an idea of how the changes of regulations will impact different countries and the region. Thus, it provides an understanding of how tourism helps to develop the Britain in terms of environmental impacts, socio-cultural impacts, and economic impacts.

From the day due to people would have a high demand go out of their house and take a trip, the government has realized that tourism is one of the most important industry to develop their economies. Not only in developed countries in the world but also many developing countries have realized this. The rural communities of some developing countries have many problem and high unemployment. With this development of tourism, people in the rural can have more job options and boost their local economies. To develop the economy in rural communities and solve the difficulties, they have adopted tourism as a new economic development strategy (Latkova, 2008). However, in some rural communities, the planners would not balance between the benefits and the drawbacks of tourism development. Therefore, many negative impacts of tourism like a large number of tourists, environmental pollution, and ruined legacy outweigh socio-cultural, economic and also environmental advantages. As a result, it is crucial to understand the opinions of residents regarding future developing before starting any tourism development program (Latkova, 2008).

Another aspect of impact of tourism on a country’s economy is that it facilitates the expansion of the market of goods and services. Foreigners come to a country willing to spend money on different goods and services, thus increasing the amounts of sales. This is a great chance for producers and service providers to receive larger profits. This concerns not only hoteliers, tour operators, and souvenir shops owners. Public transportation, retail stores of different kind, restaurants, and cafes benefit from international tourism. Obviously, if these industries are in demand, businesses will be expanding. On the one hand, it means that more money is paid to the budget. On the other hand, profits generated by the owners are spent inside the country, affecting almost all the fields of the

Tourism is often synonymous to traveling for pleasure and education. It is also a business of attracting tourists and providing for their accommodation and entertainment. In many countries, tourism is an industry for earning Inland Revenue and foreign exchange. The many businesses that grow concomitantly with development of tourism include airlines, shipping, hotels and restaurants, finance companies, tour operators, travel agents, car rental firms, caterers and retail establishments and together,

Tourism is one of the most exciting and progressive industries in the world. Tourism today is a leisure activity of the masses. People travel to international destinations to break the regular monotony of life. They are mainly attracted by either the scenic beauty of its nature or by fascinating leisure, sports and adventure activities offered by the destination. However, every destination has some internal strengths and weaknesses that either enhance its capacity to attract foreign visitors or diminish it. Similarly the external environment can create various opportunities or exposed to threats as well.

In economic aspect, tourism can boost the economy of the developing countries by receiving tourist spending, the money received can further drive the income of different industries and sectors inside the economy, which can be explained by the Tourism Multiplier Effect (Leuterio, 2007). In fact, not only can tourism create employment in the tertiary sector, but also stimulate growth of the primary and secondary industries. To be precise, tourism in an area encourage the employment related to business supply services and building of hotels. Then, the employees of the tourism industry spend their income on other services in the local area, with increase in tax revenue at the same time. Therefore, improving the earnings of other

The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry

Allows government to have money to do road works, school construction and all other governmental works.