Tourism is often referred to as a ‘multi-product industry that encompasses a number of different economic activities’ (Wall& Mathieson, 2006). The rapid development of the world economy in the past two decades alongside with global integration and globalization has led to a significant increase in the number of tourists travelling abroad for leisure and entertainment. According to the United Nations World Tourism Organization (UNWTO), the number of tourist arrivals reached an astonishing figure of 1.1 billion visits in 2014. Currently, tourism is one of the fastest growing and dynamic sectors of the world economy accounting for nearly 1.5 trillion US Dollars in receipts and exports accounting as one of the top 5 export earning sectors of the
Tourism is developing in this region since last 10 years and attracting many tourists which emerged as one or the major sources of incomes to the government exchequer. The basic materials for tourism industry are culture, heritages, natural vegetation, beaches, parks, monuments and sculptures, etc.which Puducherry possesses abundantly and can be exploited for the betterment of the economy. The paper gives a clear description of the destinations which are of attraction to the tourists. The paper concludes by looking at the domestic tourist growth, foreign tourist growth and the overall tourist growth in the city. Keywords: Tourism, foreign exchange, Puducherry, growth rate.
Thailand is the country that stimulates economic growth by tourism industry. The GDP and employment are immediately increased so tourism is the important strategy for national development especially in regions. Because of this reason, in a few years, Thailand gained 3.5-4.5 percent GDP of 2015
Sustainability in Tourism Tourism is one the fastest growing sector worldwide especially in developing countries. The sector provides livelihood to a lot of people thus helping in reviving an economy. However because of this development there is one part that suffers - Environment. Issues like ecological degradation, loss of cultural heritage are coming up lately. Sustainable tourism addresses this by making travel eco-friendly calling it as nature based tourism.
So this will open new job opportunities develop the life of local people. Additionally, we can see tourism as a relatively “green” industry because it causes less pollution than industrial development. Also, the international tourism gives the economy and development. One more thing we read with it, tourism have many disadvantages if not handled well. In opinion is a country can develop their tourism by responsibly and sustainably, considering the long-term needs of the local residents.
Nowadays, UNWTO tries to develop a more sustainable and ethical tourism, as well as promoting developing countries. 1.1. Growing important of tourism in our global economy According to UNWTO, in 1950, there were 25 million international tourist arrivals. This figure rose to 285 million in 1980, then 900 million in 2007. And since then, international tourism has been multiplied by 50 compared to 1950, and has reached 1,186 million tourist arrivals in 2015.
Source: Internet. The informality of the labour market and the volatility of global tourism chains contribute to foster the dependency and vulnerability instead of producing development (Madeley, 2001). During the last 30 years, national governments of developing countries with high levels of biological diversity have been considering tourism as a panacea to improve social and economic development. Nevertheless, the effects of tourism in these territories seem to be more negative than positive (Madeley, 2001) (Mbaiwa, 2005). Nowadays, the Ecuadorian national government is promoting the replacement of its traditional dependency from primary exportation (petroleum, agriculture and fishing) by international tourism as the “new way to achieve local sustainable development” (Schulte, 2003) (Madeley, 2001) (SENPLADES, 2013; Schulte, 2003).
Tourism shouldgenerate employment and income, lead to a positive tourism balance of payments, stimulate thesupplying sectors of tourism, and lead to a generally increased level of economic activity in thecountry(www.kgptour.tuke.sk). Thescenario of the World tourism industry is always in a state of flux. It isreckoned that end of 21st century will see the World tourism industry generating nearly500 million job opportunities for the people(Patawari Swapna, 2011). It is an important sector of the economy andcontributes significantly in the country’s GDP as well as Foreign Exchange Earnings (FEE)(http://www.wbiconpro.com). What makes tourism different from many other services is that the supplier stays where he is, and the tourist comes to him rather than the supplier taking his services to the
Overtime there has been tremendous development in the field of tourism which has allowed the industry to become one of the fastest growing industries on the planet. According to the United Nations World Tourism Organization’s (UNWTO) Tourism Highlights 2016 Edition, “over the past six decades, tourism has experienced continued expansion and diversification to become one of the largest and fastest-growing economic sectors in the world.” In any tourism dependent destination, the sector has turned out to be one of the most important industries, as it evidently increases employment and the economic value of the countries which heavily relies on its development. The UNWTO Tourism Highlights 2016 Edition records that “a number of destinations
Background of the study Tourism has been identified as one of the fastest growing industry of the world and tourism is becoming more visible in the world. It is also relate with the world economy and in some countries, tourism is identified as the backbone of the countries. Life styles of the people change, people are busy and they are suffering from stresses not only for their jobs but also from their family, environment, and social. For that reasons, people find ways to reduce stresses during their holidays. Going on a trip is one of the best ways to reduce stresses and best way to spend the time usefully.