Economic Imapacts of Tourism
A Seminar on
ECONOMIC IMPACTS OF TOURISM
PRESENTED IN THE SECOND REFRESHER COURSE
IN MANAGEMENT
AT
UGC Academic staff College
Osmania University, Hyderabad
By
Fr. Roy Abraham P
Lecturer in Management
Marian College Kuttikkanam
Kerala, 685531, India
Contents
ECONOMIC IMPACTS OF TOURISM
A. INTRODUCTION
B. NEGATIVE ECONOMIC IMPACTS OF TOURISM
i. LEAKAGE
a. Import leakage
b. Export leakage
ii. ENCLAVE TOURISM
iii. OTHER NEGATIVE IMPACTS
a. Infrastructure cost b. Increase in prices c. Heavy dependence on tourism by large population d. Seasonal character of jobs
IV. OTHER INDUSTRY IMPACTS AFFECTING TOURISM
C. POSITIVE ECONOMIC IMPACTS OF TOURSIM
i. Foreign exchange earnings ii. Contribution to government revenues iii. Employment generation iv. Stimulation of infrastructure investment and improvements in the quality of life of residents
Vi Contribution to local economies vii. Income for the people of lower economic strata.
D. KEY ISSUES IN TOURISM PROJECTS
E. SUGGESTIONS AND CONCLUSION
ECONOMIC IMPACTS OF TOURISM
A. INTRODUCTION
Tourism is frequently cited as the world’s fastest growing economic sector, currently the world’s largest employer and soon to be the world’s largest industry. The tourism industry generates substantial economic benefits to both host countries and tourists' home countries. Especially in developing countries, one of the primary motivations for a region to promote itself as a tourism destination is the expected economic improvement. As many developing countries have a comparative advantage in forms of tourism which value a wide range of unspoiled natural environments, tourism is promoted for its potential revenue benefits and as a means of attracting foreign direct investment. In some developing countries, especially small island states, it is now the dominant economic sector. However, the economic impact of tourism varies enormously. As with
ECONOMIC IMPACTS OF TOURISM
PRESENTED IN THE SECOND REFRESHER COURSE
IN MANAGEMENT
AT
UGC Academic staff College
Osmania University, Hyderabad
By
Fr. Roy Abraham P
Lecturer in Management
Marian College Kuttikkanam
Kerala, 685531, India
Contents
ECONOMIC IMPACTS OF TOURISM
A. INTRODUCTION
B. NEGATIVE ECONOMIC IMPACTS OF TOURISM
i. LEAKAGE
a. Import leakage
b. Export leakage
ii. ENCLAVE TOURISM
iii. OTHER NEGATIVE IMPACTS
a. Infrastructure cost b. Increase in prices c. Heavy dependence on tourism by large population d. Seasonal character of jobs
IV. OTHER INDUSTRY IMPACTS AFFECTING TOURISM
C. POSITIVE ECONOMIC IMPACTS OF TOURSIM
i. Foreign exchange earnings ii. Contribution to government revenues iii. Employment generation iv. Stimulation of infrastructure investment and improvements in the quality of life of residents
Vi Contribution to local economies vii. Income for the people of lower economic strata.
D. KEY ISSUES IN TOURISM PROJECTS
E. SUGGESTIONS AND CONCLUSION
ECONOMIC IMPACTS OF TOURISM
A. INTRODUCTION
Tourism is frequently cited as the world’s fastest growing economic sector, currently the world’s largest employer and soon to be the world’s largest industry. The tourism industry generates substantial economic benefits to both host countries and tourists' home countries. Especially in developing countries, one of the primary motivations for a region to promote itself as a tourism destination is the expected economic improvement. As many developing countries have a comparative advantage in forms of tourism which value a wide range of unspoiled natural environments, tourism is promoted for its potential revenue benefits and as a means of attracting foreign direct investment. In some developing countries, especially small island states, it is now the dominant economic sector. However, the economic impact of tourism varies enormously. As with