How can tourism help develop a country?
Tourism can be a good way for countries to bring in money. Many middle income countries (MICs) and low income countries (LICs) benefit from tropical climates, exotic ecosystems and beautiful landscapes. Tourists will travel to visit these locations. They spend a lot of money, which helps countries to develop.
How is the tourism being helpful in the development of economy?
Tourism helps to “enhance employment opportunities and earnings, which can be of major economic significance to the local population” . In terms of employment, the local community could expand their earnings and socio-economic condition, which could lead to an improved standard of living.
How does tourism promote development?
The speedy growth of tourism causes an increase in household income and government revenues through multiplier effects, improvements in the balance of payments and growth in the number of tourism-promoted government policies.
Why do governments encourage tourism development in a country?
Government agencies have to provide legislations, regulations and controls for tourism in order to ensure its tourism industry can sustain its level and compete with other tourist destination. … The promotion on tourist destinations helps its national economic and attraction competitiveness around the world.
How tourism industry plays an important role in national economy?
The travel and tourism industry is responsible for 6.1 percent of India’s Gross Domestic Product, as of 2011. The tourism industry directly and indirectly employs more than 26 million citizens, which represents 5.7 percent of the country’s total employment, according to the World Economic Forum.