In the attempt to embrace the economic wealth, China once opened its borders for offshore companies to provide cost-effective market. Literally, “China has changed overnight from a luxury-goods processing site to a luxury-goods consumption center” (Yu, Barr, 2011, p. 158). The country’s GDP has grown along with environmental problems. The wealth created domestic demand and increased the volume of production with this in-house demand, which, in turn, multiplied the scale of environmental problems that spread across China, its neighbors, and affects the
As the Open-Door Policy and economic reform encouraged the independency of individual and family, some new forms of consumerism, individualism have occurred. Not only was the economy opened to the world, but also the rest of the country, meaning that China would accept more open and vibrant culture and have more interactions with the outside world. In recent years, consumerism has become more and more important to the development of the contemporary Chinese popular culture. And television definitely contributed a lot in it. Popular culture is related to an enormous range of aspects.
Tourism is often referred to as a ‘multi-product industry that encompasses a number of different economic activities’ (Wall& Mathieson, 2006). The rapid development of the world economy in the past two decades alongside with global integration and globalization has led to a significant increase in the number of tourists travelling abroad for leisure and entertainment. According to the United Nations World Tourism Organization (UNWTO), the number of tourist arrivals reached an astonishing figure of 1.1 billion visits in 2014. Currently, tourism is one of the fastest growing and dynamic sectors of the world economy accounting for nearly 1.5 trillion US Dollars in receipts and exports accounting as one of the top 5 export earning sectors of the
Since cultural heritage is being more prominent, more questions are rise on how to preserve cultural heritage, in order to protect the cultural identities and characteristics while also fostered tourism development. World Bank financed projects indicate that heritage conservation can enhance the livability and develop a stronger branding and condition to appeal potential investors, especially for tourism . Besides, conserving cultural heritage can improve the image of the city and reinforce the value of historical assets. For instance, Singapore is a country that values cultural heritage. Nowadays, heritage conservation is fundamental
Tourism in India has considerable potential because of the rich cultural and historical heritage, diversity in ecology, terrains and places of natural beauty spread across the country. Tourism has also emerged as a large employment generating sector in addition to being a significant basis of foreign exchange inflows for the nation. Market Size With the rising middle-class in India, the disposable income of the population has increased which has continued to support the growth of domestic and foreign tourism. As per the Ministry of Tourism, Domestic Tourist Visits to the States and Union Territories within India rose by 15.5% year-on-year to INR 1.65 billion during 2016. The top 10 States and Union Territories contributed about 84.2% to the total number of Domestic Tourist Visits.
Tourism is one of the major industries in the economic world and ranked as the third industry that is grown the most revenue, which is just after oil and automobile industries (Hanafiah and Harun, 2010). Since then, the tourism sector has been developed in many countries with the attempt to increase the number of visitors as tourists can create foreign exchange, export and import goods without harm much of environment compare to other good producing industries and lastly boots up other industries as well which are retail, entertainments and transportation (Hanafiah and Harun, 2010). The tourism sector is the important sector that contribute to the economy of Malaysia and it is the second largest industry helps to boot up the economy through
Introduction: The Tourism sector of Indian economy is at present experiencing a huge growth. The Tourism sector of Indian economy has become one of the major industrial sectors under the Indian economy. The tourism industry generated INR 6.4 trillion or 6.6% of the nation’s GDP in 2012. The growth in the tourism industry is due to the rise in the arrival of more and more foreign tourists and the increase in the number of domestic tourists. Tourists from Africa, Australia, Lain America, Europe, Southeast Asia, etc are visiting India and they are growing by every year.
Tourism and hospitality industry, the service sector of the Indian economy is one of the largest areas. Tourism is a major growth driver in India and is an important source of foreign exchange earnings. The direct contribution to GDP in India region (GDP) per annum during the period 2013-2023 is expected to grow 7.8 per cent. Tourism in India due to the increase in foreign tourist arrivals (FTA) and a large number of Indians traveling to domestic destinations is rich. Domestic tourism increased by 5.1 percent in 2013 and is expected to increase by 8.2 percent this year, the World Travel and Tourism Council (WTTC), according to data available with the revenue earned.
1. The size and scope 1.1 Analyze size , nature and sub sector of global tourism and hospitality The tourism industry is one of the largest economy and global successful income that bring country become rise in GDP. Moreover, tourism industry shows how to promote government and private sector. According to Global travel and tourism industry - Statistics & Facts claims that International tourist arrivals have been rising number from 528 million in 2005 to 1.19 billion in 2015. The hospitality industry makes for tourism market that serve good service towards customer for make them satisfied in goods and service.
Tourism exports in 2012 amounted to USD 1.3 trillion accounting for 6 per cent of the world’s exports. New tourist destinations, especially those in the emerging markets have started gaining prominence with traditional markets reaching maturity. Asia Pacific recorded the highest growth in the number of international tourist arrivals in 2012 at 7 per cent followed by Africa at 6 per cent. Increasingly, travel and tourism is emerging as an important category of services exports worldwide. Tourism worldwide is a $ 3700 billion industry.