Operationally, this term is used to determine the effect of tourism to the tradition that has been preserved by the locals. Economic- Conceptually, it is an increase of employment opportunities, generate income and raise standards of living. Contributes boundless in the group which makes new business openings such improvement advantage vacationers and locals alike (Kreag,
This research is based on the economic contribution of tourism to Belize and the small tourism businesses whether it may be directly or indirectly. Belizean everyday on a daily basis either interacts with tourism and therefore it is important to understand that the income generated annually from this huge industry is benefiting our economy and that it’s not leaving the country to support foreigners. This research will be useful to Belize on a whole because it seeks to identify ways in which tourism is directly impacting the Belizean economy and how to better improve it by analyzing data gathered from questionnaires handed out to better understand the needs of the people who either are earning a livelihood from tourism or who in some way or the other is benefiting from the tourism industry whether it is tourist, business owners, general public or the policymakers of Belize, because it seems as though the rich are getting richer and the poor are getting poorer at the expense of our Belizean people. Sub-Problems 1. How should tourism be more aimed at directly benefiting Belizeans and the economy?
Business tourists are less cost than leisure tourists (International Trade Centre, 2001). Globalization helps people to find tourism sites easily. The impact of globalization to tourism activity is also tremendously big. It has triggering many industries to develop more, thus new multinational corporations showed up and lead to global business tourism industry. Many factors that could encourages the development of global business tourism industry.
It is a multi-segment industry while gauging the positive economic effect of tourism, its contribution to the generation of national income, expansion of employment opportunities, increasing of taxes, revenue, and generation of foreign exchange and transformation of regiment economy. Tourism industry is a heterogeneous industry made of complex components. This intangible perishable service industry is getting the right business curve backed by information and communication technology now-a-day. IT enabled tourism has different aspect such as direct booking , easy payment for the end users, business to business trading for product providers, travel agents and resellers. ICT has become the key component of tourism.
Tourist attractions and facilities provides income for stake holders and create a job for the local community. According to Stynes (1997), the travel and tourism sector can a variety of positive economic impacts as discussed below: 1. Increase in domestic income and foreign currency earnings Hosting an event like Olympics is the increase in domestic and international tourists. This increasing number of tourists illustrates that there will be a huge involvement of investors for making big profits which will result in maximum domestic income and earning foreign currency. All the tourism sector generates income and wealth from the smallest income to the billions of dollars mainly in Tokyo.
The tourism industry is considered as one of the largest and fastest growing industries in the world (Cooper and Hall, 2008). Tourism has been recognized as a driving force for socio-economic progress and well-being and prosperity for many of the developing countries around the world. Given the significant of socio-economic impacts from tourism, countries all over the world have placed much emphasis on tourism development. Additionally, tourism is characterized as service and experience product of which destination attributes are very important in attracting tourists to make their first time visits and repeat visits. As a worldwide occurrence it forms a very important part of the service sector strongly influencing the economy (Ninemeier and Perdue, 2005).
“The role of Destination Marketing Organisations in distributing and marketing the tourism product” Destination management and destination marketing organizations (DMOs) are new phenomena in tourism professional practice and in the tourism literature. However, they have now become recognized as being integral to the success of a tourism destination (Alastair, 2012). Defining DMOs According to traveloregon.com a Destination Marketing Organization is an organization whose primary function is to attract visitors to its locale for the purpose of enhancing the local economy through the purchasing of tourism supplies such as hotel’s rooms, food and beverage, retail items, transportation and visitor services (traveloregon.com, 2014). According
A leisure industry such as tourism is a great source of income for developing countries such as Belize. Tourism in Belize has grown significantly recently, and it is now the second largest industry in the nation (Belize Development Trust, 1999). The growth in tourism has positively affected the economic growth, commercial, poverty rate,
In this section the literature about tourism in explained, some relevant work by organizations and individuals is discussed in this section which shows and highlight the negative and positive aspects of tourism, overall the impact of tourism is positive on the economy of country. Every country now a days in focusing on the tourism industry because it is very beneficial and important for the economy, it not only increase the economic activities in the country it’s also very good for the culture of any country. Following are some findings from the following literature on tourism: 1. Tourism generates the foreign inflows and brings money into the economy. 2.