Monday, June 15, 2015

Importance of Tourism in the Global Economy and International Affairs

Importance of Tourism in the Global Economy and International Affairs

For tourism-dependent countries and destinations, tourism’s share of GDP can exceed twice the world average. Tourism has become an important sector that has an impact on development of country economy. The main benefits of tourism are income creation and generation of jobs. For many regions and countries it is the most important source of welfare. The ability of the national economy to benefit from tourism depends on the availability of investment to develop the necessary infrastructure and on its ability to supply the needs of tourists. Albania has a touristic potential for development of seaside tourism and other alternative forms of tourism. The scope of the paper is to present the impact of tourism on economy and especially on income.

Travel is costly. Historically, only wealthy individuals could afford to travel abroad, and they tended to travel to affluent countries with quality tourism infrastructure and services. Not surprisingly, Europe and North America have been the largest sources and recipients of international tourists. A trip for any visitor has to be trouble free. With telecommunication network so strong it has become easy for a foreign visitor to have a pleasurable stay. Taxi cabs, translation books and a dependable guide make the trip interesting. The hygiene conditions in the areas are improving and the well maintained hotels and tourist sports are an all around attraction.

The Asia-Pacific region has seen—and will continue to see—the fastest growth. The United Nations World Tourism Organization (UNWTO) predicts that international tourism arrivals will grow by 3.3 percent per year between 2010 and 2030 and reach 1.8 billion total arrivals by 2030.

Tourism’s market share in emerging countries is predicted to rise to 57 percent by 2030, compared to 47 percent in 2012. The challenge of how to direct the economic benefits of tourism to the world’s poorest areas and populations, however, remains.

Medical Tourism has increasingly gained popularity among highly industrialized countries like the United States. Varying reports containing medical tourism statistics put the number of American patients seeking healthcare abroad between 500,000 to 750,000 in 2007

As travel barriers have gradually lowered, international tourism has flourished—but not without its criticisms. Public awareness of tourism’s potential negative spillovers has increased. In recent years, the aviation industry’s contribution to global climate change has become a highly publicized and contentious global issue. Many hotels have multi cuisine to accommodate the choices of foreigners who generally kind the Indian food very spicy. Tour operators are very systematic with their plans. Complete details about weather conditions, clothes required and facilities are given to the tourists to help them prepare for a holiday.

According to the World Travel and Tourism Council, Indian tourism revenue grew 6.9 percent to almost $42 billion in 2010 despite a global recession. This compares to a worldwide tourism industry that remained flat during the same time period. Domestic tourism fueled much of the growth as Indians increasingly visited other areas of their country, but international arrivals also played an important part in the industry's expansion. Just over five million international tourists arrive in India annually (2009), and while that represents less than 1 percent of total worldwide international travel, tourists to India spend almost twice as much as the average international tourist.

Tourism brings money into a country. If you pay to fly, let's say, to Jamaica, here's what happens. Jamaica needs an airport to receive flights. Building an airport gives hundreds of people jobs, because construction workers are needed to perform the fabrication. Then there are thousands of people who get jobs to run the airport. Once you and your friends (and thousands of other people) start flying in to Jamaica, hotels are needed.

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Microsoft Business Intelligence (Data Tools)

Microsoft Business Intelligence (Data Tools)