Table of Contents:
Tourism and economic development
Tourism is a major driver of economic growth.
Tourism as an export is by far the best medium for generating revenues for the countries involved. Unlike most exports, which generate revenue for the country and/or individual exporters, tourism receipts have a "horizontal impact", that is all the money spent in the country is spread across the board to individuals and firms, ie hotels, restaurants and so on, which have a great impact on jobs, employment and individual income, from waiters, to taxi drivers, and others which are too many to mention.
Basically, tourism is by far the best export for countries with the right kind of attractions, air service, marketing and a government that understands the value of foreign tourist expenditures.
Tourism as a major industry:
According to the World Tourism Organization (WTO) tourism is the world's largest industry with annual revenues of close to $500 billion, and it is growing fast with airline international tourist arrivals – estimated at 900 million in 2007, up 6 percent from 2006 – expected to double by 2010. According to research by the industry's WTTO, the World Travel and Tourism Council, released this year, world travel and tourism is expected to generate close to $8 trillion in 2008, rising approximately to $15 trillion over the next ten years.
And it states that Caribbean countries derive close to half their GDP from tourism (World Resources Institute). Countries such as the Dominican Republic and some countries in Central America come close to 50 percent.
Example: Mexico
see page: tourism and economic development; Mexico
Links from KookyPlan:
addthis_pub = 'briandbutler';
Comments (0)
You don't have permission to comment on this page.