Most studies on economic impacts of tourism have dwelled on the positive side and slightly giving a blind eye on the negative imperatives (Andereck, Valentine, Knopf & Vogt, 2005:2). Tourism is widely perceived as a potential economic base, it provides elements that may improve quality of life such as employment opportunities, tax revenues, economic diversity, festivals, restaurants, natural and cultural attractions,and outdoor recreation opportunities. Arguably, tourism is the second largest industry in the world; estimates from the World Travel and Tourism Council (WTTC) suggest that it generates around 200 million jobs worldwide and accounts for10% of global GDP (WTTC, 2013). Tourism is a consumption-based industry and cannot be wholly
UIEA EK Davila Gilder Mayu Sato Tourism: Is it all about Entertainment or Profits? Tourism has always been one of the important factors which contribute the economic development of a country. At present days, the tourism sector has flourished because of the improved transportation system and easy access to countries. However, the inside story tells a different picture. Tourism has direct and indirect impact on the economy and society by creating job opportunity, generating revenue and profit, while on other picture tourism brings in negative effects like environmental problems, cultural erosion and most importantly crime rates due to its overwhelming expansion.
Different variables drive expanded go over the globe: higher genuine livelihoods, more relaxation time, enhanced and very available transportation frameworks, exceptionally successful correspondence frameworks that encourage promoting, and critical quantities of tourism administrations and alternatives have been advancing online in numerous nations. Travel & Tourism is an especially appealing choice to empower advancement in rustic and low salary nations and districts that beforehand depended vigorously on farming and normal asset extraction. Tourism improvement regularly gives the double focal points of creating occupation and pay while advancing social legacy and traditions.1 Promoting Travel & Tourism can bolster monetary advancement, to some extent, in light of the fact that the business slices crosswise over and is connected to numerous different businesses in the economy, producing extra request in an extensive variety of administrations and professions.2 notwithstanding the immediate and aberrant impacts, Travel & Tourism additionally creates important spinoff advantages by creating base that different commercial ventures can utilize, and by boosting exchange, aptitudes, and interests in different commercial ventures that are not specifically related. This segment expands on the past one and dissects the more extensive financial
Tourism has been identified for its important participation in the economy in different small islands. Tourism serves to encourage the growth of basic infrastructure, participates in the development of businesses, attracts foreign investment and supports the transfer of information and technology (Riaz, Suhejla, and Michael, 2008). Tourism has also been observed as a promoter for the conservation and development of the environment as well as sustaining local culture and diversity. Tourism is associated with different key economic sectors like hotels, transport, restaurants, and construction. This is because of the fact that tourism has the ability to make multiplier impacts in different ancillary and supporting services.
To What Extent is the Tourism Industry Harming the Environment? Tourism is visiting a place that is outside of the vicinity of one’s hometown for under a year for leisure, work, or other purposes (Tourism Society, 2010). The tourism industry has undergone immense growth, especially since technology has advanced to increase the ease of vacationing. In 2012, the number of global travellers passed the one billion mark for the international tourism industry (Fuller, 2013). With their creation of jobs, they are an important part of many countries.
Tourism is regarded as the world’s largest industry and is expected to develop and continue to grow in the future. Tourism has becoming one of the main bolster of country’s sustainable growth and development. Tourism has also becoming more popular because of globalization, especially business tourism. Business tourism is defined as leisure activities in combination with business tourism. Business tourists are less cost than leisure tourists (International Trade Centre, 2001).
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.
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). Positive effects Many are the benefits of tourism in the social sector.
According to McNeely (1998) and Mbaiwa (2003), tourism is known as the largest growing industry especially in the area of job creation, improve quality of life to host community, improving local economy and many more (Mochechela, 2010).This is because tourism industry is one of the largest industries where host resident can get the economic benefits where both skilled and unskilled people can be employed. Economic impact usually can directly bring benefits to communities. However, even though the economic benefits are popular with the tourism impact, the negative side still need to be taken with caution. In addition, tourism industry can make a positive economic contribution such as increase income of local people, increasing foreign exchange
Tourism is one of the largest global industries with the highest growth rate. Along with economic opportunities such as employment creation and a high potential for growth, it is essential that social, cultural and ecological criteria be taken into account for the medium and long term sustainability of tourism operations and facilities (McNeely, 1998; Federal Ministry for Economic Cooperation and Development, 2002; and Mbaiwa, 2003). Tourism is a major force in the global trade; and it plays a vital role in the social, cultural and economic development of most nations. Inevitably, it has the potential to both preserve and destroy the heritage of a country (Holloway, 1999). Heritage tourism is a branch of tourism oriented towards the cultural