Assignment 1 – Individual Written Project
“Tourism and the Benefits it brings”
Class of / Group: BH6 / G1
Name: Ribka Marchella Limantara
Student ID: 0309243
Date of Submission: 8th November, 2012
Lecturer: Ms. Audrey Lee
The tourism industry is the “fourth largest industry in the global economy” (Honey, et al., 2009:1). In the last few decades, it has been considered to be one of the most rapidly growing industries. According to Tourism Highlights (2012), there had been a significant uninterrupted growth in the number of tourists travelling, from only 277 million in 1980 to 983 million in 2011. Tourism Highlights (2012:2) forecasts that in the next 18 years, “there will be continuous constant growth, with an average of 3.3% increase each year”. Accordingly, many countries in the world embrace the industry as this industry looks very promising in terms of generating revenue on long-term scale. In 2011, the industry itself contributed to “a total of 9.1% to the global GDP and is estimated to rise 2.3% by 2012” (World Economic Impact Report, 2012:2). However, there are many regional issues that arise due to the ever-expanding tourism industry. There are three principal impacts, which are economical, environmental, and socio-cultural. Both positive and negative impacts can be seen with our naked eyes.
Tourism is the driving force of employment, revenue, and foreign exchange within many countries. In 2011, “the industry contributed 8.7% of total employment or 1 in every 12 jobs”. The tourism industry also “donated 5.3% of total exports through visitor exports”. Visitor export is the expenditures of non-local visitors in the host community. In terms of capital investment, “it contributes 4.9% of the total investment” (World Economic Impact Report, 2012:2). Moreover, these figures are predicted to be growing by more than 1.5% in 2012.
It is unquestionable that the tourism industry brings about many benefits to
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