Economic Impacts of Tourism (Introduction to Tourism Principles)

Content: Economic indicators of tourism, benefits and effects of tourism in terms of economics

[jowiissaaa]

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[artiparmar]

Very well explained with perfect example

[bigblackcoke]

economic drivers of tourism (history):
.decline of agricultural & manufacturing, and rise of service sector in 1980s
.promotion of globalization: peocess of interaction and intergration among people, companies and governments worldwide

[parikshit]

Well explained. Cool content bro. keep it up💪🏻❤️😍😁🤗

[bigblackcoke]

impact of tourism
economic impact:
.foreign exchange revenue
.tax revenue
.income
.jobs

[aaronaughtyy]

Hello sir. What is your source for this discussion?

[bigblackcoke]

tourism economic effect (indicators)
.direct effect: tourist expenditure for tourism frontline goods and services
.indirect effect: income by other suppliers for tourism goods or services like bank, food, beverages

[bigblackcoke]

.induced effect: wages salaries and other gains by local residents

economic gains from the three effects will be used for local economy, boosting local and ultimately, national gains > multiplier process (trickle down economy)

[bigblackcoke]

invisible export: when host country provides tourism products and services to tourists
invisible import: when tourists spend money from tourist generating country to pay for tourism services in host country

[bigblackcoke]

income redistribution: where income earned in urban areas is re spent in rural areas