Philippine Tourism Industry Krista Danielle Yu School of Economics‚ De La Salle University‚ Manila‚ Philippines krista.yu@dlsu.edu.ph The archipelagic nature of the Philippines‚ as well as its colonial heritage‚ offers a wealth of scenic views that invite both locals and foreigners to participate in tourism-related activities. According the Department of Tourism (2011)‚ the industry is one of the three largest industries in the country. This study aims to measure the economic impact of tourism
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Cost of terrorism – Effect of the September 11 attacks on tourism industry: 1The total economic impact of 9/11 is realistically immeasurable; however the world travel and tourism council has estimated the decrease of the travel and tourism demand world wide to be 10%. 2Job loss of 8.8 million people globally including airlines‚ hotels‚ tour operators‚ car rental and credit card companies‚ creating a 1.7% decrease of total GDP for the world economy. Terrorism is an inhuman act which is
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Tourism has several impacts on many different aspects of Bali’s society. Tourism has impacted on the already existing‚ social‚ economic‚ cultural and environmental processes of the island. For example‚ as a result of tourism the pace of urbanisation has rapid increased and tourism has sped up the process of economic development. There are large economic consequences on the economy of Bali. One significant impact on Bali is the foreign exchange earnings. Tourism is the fourth-largest income earner
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Economic Impacts of Tourism on Destinations TOWN OR CITY COUNTRYSIDE AREA SEASIDE RESORT POSITIVE IMPACTS One of the positive impacts of getting tourists into the country is increased employment. When a city gets lots of tourists into it they need to build new hotels and attractions that will keep the increasing number of people coming. This means that there are more people needed fort building the hotel and than to run the hotel so many people get new‚ mostly permanent jobs and the number
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Impact of Tourism on Dubai’s Ecosystem Dubai has become a place that’s synonymous with ultra-rich lifestyle‚ state of the art technology and infrastructure. Yet up until three decades ago it was recognized to be no more than a place known for fishing and trivial trades. Since the discovery of oil reserves in the late 1960’s‚ Dubai has relied on the oil production to fuel its rapid economic expansion. However‚ depletion of its oil reserves has lead Dubai to eliminate its financial dependence
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advantage of this process. 2. CONSUMER BEHAVIOR IN TOURISM 3.1. Three Key Areas Of Consumer Behavior 3.2.1. Factors affecting consumer behavior a. Personal Factors Personal factors can also affect the consumer behavior. Some of the important personal factors that influence the buying behavior are: lifestyle‚ economic situation‚ occupation‚ age‚ personality and self-concept. * Age Age and life-cycle have potential impact on the consumer buying behavior. It is obvious that the
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IMPACT OF TOURISM TO MALAYSIA ECONOMY The significant role played by the tourist industry in Malaysia can be traced from its earliest developments. This is because in comparison with other South-EastAsian states such as Indonesia and Thailand for instance‚ Malaysia was less developed in the tourist industry sector. Today it has become the country’s second biggest source of foreign exchange and the third largest economy sector. Over the years the industry is significantly contributing to GDP (gross
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great man” must have an impact on a civilization that will last forever‚ and a long lasting impact on the future of civilizations history. The great man should have great leadership qualities‚ the ability to rule‚ and have power over his or her people. Ramses III fits perfectly into to the description of this because of his major accomplishments throughout his rule as pharaoh of Egypt. Ramses III is considered as the last great ruler of Egypt‚ under his rule the economy of Egypt flourished as helped
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Introduction According to World Travel and Tourism Council 1997‚ “Tourism Industry is the world’s prominent industries contributing $3.6 trillion to the global gross domestic product (GDP) and employing 255 million people”. (Apostolopoulos‚ Sonmez &Tarlow 1999). It is also considered one of the most exciting and progressive industries which has a big impact on all other industries. Although tourism industry has shown tremendous growth in recent years providing incredible experiences
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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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