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Tourism Industry explanation

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Tourism Industry explanation
Expanded explanation of tourism industry and its scope.

Tourism industry is the main influential type of industry in the world. It is not just hundreds of thousands of business but a global industry with major policy implications (Smith, 1995). It is based on different components and interrelated parts. For example, transportation, accommodation, attractions, activities, marketing and government regulation. Government in all levels encourage tourism development because it generates new wealth through export sales and foreign exchange earnings. According to Smith (1995), one important characteristics of the tourism industry is that it is labor-intensive. It generates employment opportunities. A given level of revenue or capital investment creates many jobs in tourism than the same level of revenue or capital investment in agriculture and automobile petrochemicals. It provides employment to unskilled, semi-skilled and skilled man power workers. An illustration below shows how tourism industry works to different sectors and bring employment to the host destination. overseas interstate local
Petrol
Transport
Entertainment
Events
Accommodation
Shopping
Meals
Others

Administrative expenses
Advertising & promotion
Capital assets & replacements
Commissions
Entertainment
Food & beverage
Gas & electricity
Legal & professional services
Merchandise
Petrol
Rates & charges
Rent
Repairs & maintenance
Transport
Wages

Accountants
Architects
Bakers
Banks
Builders
Bus & car hirers
Chambers of Commerce
Chemists
Crafts people
Cultural groups
Electricians
Engineers
Entertainers
Farmers
Film developers
Gift shops
Interpreters
Laundries
Market gardeners
Marketers
Manufacturers
Marine dealers
Mechanics
Newsagents
Nightclubs
Petrol stations
Pilots
Plumbers
Postal workers
Printers & designers
Restaurants & cafes
Real estate agents
Retailers
Shopping centres
Travel agents
Truck drivers
Waiters
Wineries Tourism industry is the backbone of any country’s economic position. It
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