Tourism Effects on the Balance of Payments Tourism is the most importance factor in the economic development. The importance of tourism for the economic activity in Nepal can be seen from the analysis of balance of payments in the period 2000-2012. Table 3 Tourism Balance of Payments in Nepal Year Total Tourism Income(Million US$) (A) Total Tourism Expenditure(Million US $) (B) Surplus or Deficits (Million US $) Balance=A-B 2000 21.90 10.90 11 2001 19.10 12.80 6.3 2002 13.40 10.80 2.6 2003
Adventure tourism is an outdoor leisure activity that generally takes place in an unusual, exotic, remote or wilderness setting, sometimes involving some form of unconventional means of transportation and tending to be associated with low or high levels of physical activity. Adventure Tourism ranges from non hazardous to high risk had led to the concept where adventure tourism can be catgorised as either ‘soft adventure’ or ‘Hard Adventure’. Soft adventure would involve very low risk and require
It is a matter of fact that tourism is not the world’s largest industry. However, it is recognized as a big industry worldwide, which is a key sector of development in several countries, a major source of income, and it plays a significant economic role. It generates revenue of billions of dollars every year involving thousands of stakeholders and the general public. It is thus recognized as an important driver of the regional, local, and national economies. The government sector has played a vital
Promotion of Tourism is a notable document acting as directory and strategic guidance for the conducting of “responsible” tourism activities. About White paper on Development and Promotion of Tourism is officially published in 1996 by South African government. It contains explanation of weaknesses faced by both
Ministry of Tourism and Cultural Malaysia (MOTAC) Ministry of Tourism and Cultural is a ministry that responsible for the whole activities of tourism in Malaysia including cultural, arts, tourism activities and heritage. Basically, Department of Tourism was first set up in 1959 under the Ministry of Trade of Malaysia. In 2nd Malaysia Plan (1971-1975), government had started to emphasize the role of tourism in the economy whereby the principal objectives of tourism had been discussed in the parliament
Malaysia. The exchange rate makes for a major part in affecting the performance of economic growth. A strong exchange rate also plays as a catalyst in encouraging and drawing in investment (Asid et al., 2014). The established political atmosphere and stable economic growth have made Malaysia one of the best prospects for tourist arrival. A strong economic growth is an essential condition for tourist arrival in Malaysia. Variations in the exchange rates, give impact to tourist arrival. Ahmad Kosnan (2012)
III. Heritage tourism change With the advancement of economic globalization and regional integration, the human society is from the traditional natural economy and industrial economy toward a cultural economic era. Countries, regions and ethnic consciousness of one 's own cultural resources protection and utilization continuously strengthen. The characteristic culture as unique resources of regional economy became the important of comprehensive national strength and national competitiveness. With
Tourism has been developing in close relationship to accommodation, board and entertainment services which have a deep effect on a tourism destination. Tourism is one of the fastest growing industries with extensive effects. Agritourism is a more attractive tourism form, bringing tourists in the middle of nature for enjoying farm stays are taking part of a large variety of activities. It is an effective combination of agricultural and tourism activities it is creating more value added, diversifying
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
ANALYSIS ON THE MACROECONOMIC DATA OF MONACO CIA-PART 2 Monaco is the second smallest country with high density of population. Monaco is a very developed country, with a high growth and importance given to science and technology .When we look into the macroeconomic conditions, Monaco has a very stable and a very positive conditions. As we have seen in the previous report on the GDP, inflation and unemployment rates past ten years,there is been a fluctuation only during the recession in the