One of the primary motivations to advertise itself as a destination for tourism is the likely economic boost in a developing country. The powerful economic forces provide employment, foreign exchange, income and tax revenue. One of the common economic impacts of tourism is the Multiplier Concept where good or service purchases from the tourist are gain by the Sterling Bay. The earning is then spent again by Sterling Bay to provide a better goods and services for better value. One of the advantages will be from the multiplier effects.
Over the past few decades, tourism has experienced the sustained growth and deepening diversification to become one of the fastest growing economic sectors over the world. Nowadays, the business volume of tourism can be said to be equals to or even surpasses the business volume of food products, automobiles or oil exports. Tourism plays an important role in almost every country due to it has a greater impact on the development of country economy. The main benefits of tourism are creating extra money for national income and creating more career opportunities for locals. One of the easiest benefits to determine is the career opportunities that the tourism brings.
However, immigration should be encouraged because there are obvious benefits to the economy of the host country in terms of state revenue, labor market, and country development. Immigration helps the host country to develop revenue by increasing the gross domestic product (GDP), and through taxes because immigrants
According to UNWTO “over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world.” In Belize, tourism is one of the growing industries that has to a large extent, a great influence on the economy. The tourism industry has demonstrated success and commitment to maintain the authenticity of its attractions fostering attractive platforms for investors looking to cater the growing number experience-Based tourist. Yet tourism is not the only successful industry in Belize, there is the citrus industry, sugar industry, banana industry and also the marine industry which help the economy. Therefore tourism does indeed help the development of Belize because it provides jobs, nevertheless tourism is seasonal, therefore it only provides jobs for certain season such a summer, Easter and Christmas. This agreeing with Paul that, “the tourism industry seems to be the most efficient branch of the economy in generating jobs and income in less developed, peripheral countries / regions, where development opportunities are limited.” (2012, p2) Belize being a developing country it is where tourism is necessary for the growth of the economy.
Tourism is the income of people from one place to another place for vacation, but it can also be for business or entertainment. Tourism can either be international or domestic. Tourism has an influence on any country, either it’s for a positive impact or a negative impact. An example one might consider includes that the tourism in that individual country could possibly increase the income and positively improve the economic aspect of the country, but tourism can also negatively impact the environment. Tourism can also affect the population living in the country due to the amount of tourism which furthers the idea of more jobs need to be created for the new tourists.
The interaction between tourists and poor communities can provide a number of intangible and practical benefits. These can range from increased awareness of cultural, environmental, and economic issues and values, on both sides, to mutual benefits from improved local investment in infrastructure. At the world conference held in Manila on tourism in 1980, importance of tourism and its effects were recognized in the declaration, which stated as; ‘’tourism is an essential activity both on the life of the nation since its direct and indirect effects on economical, social, cultural, and educational sectors of the society and their international relations’’. Economic benefits of tourism 1. Contribution to Gross Domestic Product; Tourism is being one of the world’s largest industries and contributes directly and indirectly (total contribution) to the global economy.
The main industries that contribute to development in this region are tourism and real estate development. Although tourism is rapidly developing, there are concerns about the type of development that is happening. Costa Rica has long been known for its eco-tourism (sustainable tourism) a tourism that is more beneficial for Costa Rica and protects the environment. On the Pacific Coast, residential tourism has been rapidly developing. Residential tourism (all-inclusive resort and vacation home development) as well as cruise tourism are taking over.
Tourism is a growth industry very rapidly now. With the rapid development of technology that also acts as a support person easily reach the distance around the world in shorter lead times and relatively safer. The most rapid growth in the global tourism industry provides benefits as well as challenges for the state government. Expressed simply, sustainable tourism can be defined as: "Tourism that takes full account of its current and future economic, social and environmental impacts, addressing the needs of visitors, the industry, the environment and host communities" (UNWTO, 2012). Tourism is one thing that is so important to Indonesia.
In my opinion, whatever they are developed countries or developing countries, economic globalization can help them develop their economy, and making their country better and better. Furthermore, the corporations also played a very important role on globalization. Those corporations just like helpers
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.