This is predicted to rise by 4.3% to USD2, 248.2bn in 2014. This shows the economic ventures generated by relevant industries such as hotels, travel agents, airlines and other transport services specifically for passengers. It also includes the revenue generated by restaurants and hotels frequented by tourists. The direct contribution of Travel & Tourism to GDP is expected to grow by 4.2% pa to USD3, 379.3bn (3.1% of GDP) by 2024(4). Direct Contribution of travel & tourism to world GDP (4) As we see from 2004 to 2013 there is a major GDP contribution from tourism sector for an economy point of view which was rises from 1800USDbn to 2000USDbn from the year 2004 to 2013,which will increased to 3400USDbn by 2024 as shown in graph.
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.
INTRODUCTION As we all know that the tourism industry is growing rapidly in India. The travel and tourism industry has blessed the country. India gets a third rank among the world for its tourism. Our India is known as heritage country, so by this name our country has gain the popular rank among the tourist. India gets the second highest income from this industry.
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. At present, tourism has been contributing to different countries
Thanks to Tourism, people can travel farther and quicker to destinations that were once considered unreachable and inconvenient. The tourism industry is a diverse sector, which during the past decade, has shown growth and potential. This is evident by the fact that the International Tourist Arrivals has increased from 25 million globally in 1950 to 1133 million in 2014. Following world maps shows international tourists arrival in 2010: ROLE IN DEVELOPMENT Tourism Industry plays a very vital role in the development of countries. For many years it has been helping countries to portray a softer image to the world.
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 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
Cultural tourism can also help develop nature- and culture-friendly environments and promote high-quality services, such as medical services and police vigilance (Grunewald, 2002). On the other hand, it can improve the residents’ quality of life. In the case of Gwangju, Korea, cultural tourism contributed to urban development and brought benefits to the host communities and provided an incentive to care for and maintain their heritage and culture practices (Shin,
Critically discuss whether mass tourism and sustainable tourism are compatible forms of tourism Tourism industry development According to the UNWTO Publications of 2017 edition, tourism industry has been grow continuously over the past six decades. The tourism industry has boost up the worldwide economic segments. In despite of the threats to tourism industry, international tourist arrivals have increased from 25 million globally in 1950 to 278 million in 1980, 674 million in 2000, and 1,235 million in 2016. The statistics show that the international tourism receipts earned by destinations worldwide are US$ 1,220 billion in year 2016 which is about 2.5 times of earnings in year 2000. (UNWTO, 2017) There are two forms of tourism which include