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Estimation Model Of International Tourism Essay

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The paper examines the prospects for the development of International Tourism, the state 's role in the development of this activity. The main estimation method of analyzing the impact of tourism on economy of China is regression model. The estimation model provided in this course paper demonstrates that business tourism is a leader among the other kinds of international tourism. Moreover, International Tourism is one of the major international economic activities that have a significant impact on both the structure and the general situation in the world economy. Finally, tourism development has a stimulating effect on the economy sectors such as transport, communications, trade, construction, agriculture, consumer goods, and is one of the most promising areas of economic restructuring. In contrast to common perception, we find that China …show more content…

What is more, tourism is one of the most promising areas of economic restructuring. It has been argued by B. Peng, H. Song and G. Crouch (Peng, B., Song, H., & Crouch, G. I., 2014) that trends are characteristic of the international tourism market: the ability to diversify the tourism product; regionalism that characterizes the production of tourist services at the lowest cost in the place of consumption; development of domestic tourism; increase in the number of tourists "third" age (60 and older) and services consumed by them; the development of new tourist destinations; the development of mass and individual forms of tourism. As perspective directions of development of the tourism industry at the international level may act to promote: cultural tourism, as one of the basic directions; active and specialized types of tourism, including cruise; business tourism (Chon, K. S., Guangrui, Z., Lew, A. A., Ap, J., & Yu, L.,

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