According to McNeely (1998) and Mbaiwa (2003), tourism is known as the largest growing industry especially in the area of job creation, improve quality of life to host community, improving local economy and many more (Mochechela, 2010).This is because tourism industry is one of the largest industries where host resident can get the economic benefits where both skilled and unskilled people can be employed. Economic impact usually can directly bring benefits to communities. However, even though the economic benefits are popular with the tourism impact, the negative side still need to be taken with caution. In addition, tourism industry can make a positive economic contribution such as increase income of local people, increasing foreign exchange
Its first real boom, mainly experienced by the western countries, was related to the economic development of society and to the increase in number of tourism services and recreational opportunities. Throughout the years, tourism has impacted positively on the world economy and on the countries’ national balance of payments. As estimated in Francisco Vellas’ economic analysis, today world tourism represents over 45% of tourism 's total contribution to GDP (Vellas 6). In addition, the tourism industry accounts for the creation of new jobs, especially for young people. The International Labor Organization (ILO) has estimated that tourism generated 253 million jobs
As the rapid growth rate of economic environment in current world market, economic globalization is affecting emerging countries economic development by increasing oversea business activities such as FDI, export-import, also the culture communication between different countries are interacting and influencing each other during diplomatic business activities. The globalization also simulates innovation and creativity in the emerging countries; it encourages the spirits of entrepreneurship and drives the emergence of innovative business models. China as one of the fastest growing countries in efficiency-driven economy system, where economic growths are based upon manufacturing in domestic markets, outsourcing, and exporting products to foreign
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.
Global tourism has been one of the most dynamic and growing economic sectors during the last 50 years. With a proved powerful capacity of resilience against economic crisis and officially supported positive economic predictions of continuing growing for the first half of the 21st century (UN-WTO, 2013) (Figure 4), this old but healthy globalized market has produced positive and negative effects over the developing territories where it has landed. In the specific case of Ecuador, the last decade has been characterized by an intensive and strong public investment in tourist infrastructure and international marketing in order to attract something of the flows from this huge global market. Especially, it is positively accepted in developing countries
For example, the traditional craft of greenstone carving in the southern India town Mahabalipuram has been revitalized by the demand for souvenirs. The products, though intended for sale to tourists, are no less authentic than those produced through similar techniques hundreds of years ago. Less visibly, tourism also contributes to broader, deeper cultural transformations in destination societies. These are changes that occur in a society’s values, Moral codes, behavioral modes and identifying characteristics such as dress and language.
IDENTIFY AND RESEARCH A TOURISM ATTRACTION Introduction Tourism has experienced continued growth and extensive diversification and competition on the last decades, becoming one of the fastest growing economic sectors in the world and by consequence, one of the main income sources for many developing countries. “Every time we travel we are part of a global movement that has the power to drive inclusive development, to create jobs and to build the sustainable societies we want for our future,” says the actual UNWTO¹ Secretary General, Taleb Rifai. “This movement also contributes to build mutual understanding and to safeguard our shared natural and cultural heritage,” he completes. A sustainable and responsible approach to tourism means that neither the natural environment nor the socio-cultural organisation of the host communities would be compromised by the arrival of tourists.
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.
Positive effects Many are the benefits of tourism in the social sector. In these are including the reduction of unemployment, the development of infrastructure (such as roads, ports, airports), the improvement of services (like banks, transport) as well as an increase in the living standards of local residents. An example can be the economic benefits and the job creation that Cyprus has faced. Tourism can act positively on the issue of culture, through the efforts of attracting visitors is reviving traditional elements, morals and customs.
Indonesia is known for thousands of islands, its natural beauty, its cultural uniqueness, and it lies along the equator. No wonder if Indonesia is always becoming a special tourist destination from developed countries. The development of the tourism industry certainly provides a positive aspect to the country 's economy through job creation and increased revenues from foreign exchange. However, because the model of tourism development that are "closed" to cause their party from the host that cannot be involved in the tourism sector only for reasons of political, geographical, social, cultural, or business.