2(2) 2011: 71-80 ISSN 2229 -600X IMPACT OF RECESSION ON TOURISM INDUSTRY Sherwood College of Professional Management‚Lucknow ABSTRACT Tourism industry has contributed enormously in the flourishing graph of India ’s economy by attracting a huge number of both foreign and domestic tourists travelling for professional as well as holiday purpose. Terror threat‚ swine flu scare and hike in air fares and above all the great economic depression hit the tourism sector hard in 2009 with number of foreigners
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THE POSITIVE AND NEGATIVE IMPACTS OF TOURISM INTRODUCTION What comes to mind when you think about tourism? Hopefully fun‚ relaxation‚ good food‚ perhaps adventure. Tourism is possibly the greatest people-moving pursuit on the planet today‚ as well as one of the highest-grossing industries. Tourism Is one of the remarkable success stories in modern times because it can earn huge amount of money at stake. Tourism is important in many ways in the world it can be for leisure business
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Discuss the environmental and social impacts of tourism in the UK and consider whether the benefits exceed the costs. Tourism is a fast growing industry and a valuable sector‚ contributing significantly to the economy (“The Social & Cultural Impacts of Tourism”‚ n.d.). It has been generally accepted that tourism is‚ for the most part and with relatively few exceptions‚ beneficial to both generating and destination countries (Holloway‚ 2009‚ p. 114). Some researchers are less sure that this
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fulfilled. TOURISM IMPACTS Tourism impacts are the effects that tourists and tourists activities have on a destination. We will be looking at three main types of impacts that tourism can have on a destination. They are environmental‚ socio-cultural as well as economic impacts. The word impact gives a negative meaning however tourism impacts can be both positive and negative on a destination. Environmental Impacts (physical – what can be seen) – It is not possible to develop tourism without incurring
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recession is a period of negative economic growth for 2 consecutive economic quarters. In the post war period UK economic growth has been characterized by the boom and bust economic cycles. A period of growth is followed by high inflationary growth and then a downturn in the economy. However since 1992 the UK has experienced a long period of economic growth‚ the longest period of uninterrupted growth this century. It appears the UK has temporarily avoided the threat of recession‚ but although forecasts
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Tourism differs from travel in the following aspects: • Reason to travel: It can be anything but remuneration from the place visited. • It requires a change from familiar environment. • Period of stay: The least would be one day and maximum would be a year. General growth of tourism in India In recent years tourism in India has shot up at lightening speed. India has succeeded in becoming the most preferred place amongst domestic and overseas traveler. Tourism exposes the international traveler
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cause a meltdown across countries and industries‚ the IT & ITeS sector in India is beginning to feel the heat. Amid fears of a global recession‚ companies‚ especially banks‚ worst-hit by the credit crisis have already started to cut or delay spending on information technology services such as consulting and software development but in the long term the impact will be minimal as the industry’s fundamentals are strong and the value proposition continues to hold good meanwhile it may be the time to
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IMPACT OF RECESSION ON INDIA Indian companies have major outsourcing deals from the US. India’s exports to the US have also grown substantially over the years. More people have sold the shares in the indian share market than they bought in the recent weeks. This has added to the fall of sensex to lower points. One danger meanwhile is of a dip in the employment market. There is already anecdotal evidence of this in the IT and financial sectors‚ and reports of quiet downsizing in many other fields
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school | Economics of Tourism | Research Work | | Hassan Rafique | 11/30/2011 | An insight to the economic potential of Pakistan in terms of tourism | Table of Contents A General Abstract…………………………………………………….. 3 Heritage Tourism………………………………………………………. 4 Religious/ Spiritual or Pilgrimage Tourism………………………….. 4 Cultural Tourism……………………………………………………….. 4 Adventure or Eco Tourism……………………………………………. 4 Wildlife Tourism………………………………………………………… 5 Sports Tourism…………………………………………………………
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IMPACT OF TOURISM ADVANTAGES AND DISADVANTAGES Fe Zuly 2011 Abstract Tourism has become a popular global leisure activity in 2008‚ there were over 922 million international tourist arrivals‚ with a growth of 1.9% as compared to 2007. International tourism receipts grew to US$944 billion (euro 642 billion) in 2008‚ corresponding to an increase in real terms of 18%. This paper is purposed to explain about impact of tourism including advantages and disadvantages. This impact
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