Thursday 28 August 2014

How Tourism Affects Economy?


Tourism is an industry in itself but it's part in the economy is frequently seen as being limited to just hospitality business (hotels, cafes and restaurant) and travel agencies.
On the other hand, the monetary effect of tourism is much more prominent, since numerous inputs are required to deliver tourism and recreation services like agrifood, industrial production and construction works. It’s a great source of income that is injected into community in numerous ways.

Tourism is a labor intensive industry and majority of small business and micro operators are involved in it which means that any revenue generated by this business is directly delivered to the local community for quick spending. These are the special considerations while searching for the Dubai tourist places and other areas also.

The biggest advantage of tourism lies in the employment opportunities it brings to the country. A large number of workforces are attached either directly or indirectly to this business and in some cases these jobs are seasonal. Hotel employees and tour guides are directly influenced and good thing is that products and services provided by these restaurants and hotels are sourced locally that gives a boost to local industry. 

Economic condition of local community is improved to a much greater extent in tourism rich areas because tourists get services from local community for basic human needs like clothing, food, recreation, souvenirs, transportation and medical that results in increased earning level. Foreign currency earned by individuals and businesses is usually reinvested in economy again and again that increases wealth circulation factor for that economy.

It’s obvious that good infrastructure attracts tourists but it’s more beneficial for the residents of that area. Basic infrastructure like roads, air ports, hospitals and recreational clubs are provided to attract visitors to enhance tourism industry but in fact local community enjoys these facilities which may not be possible without tourism. The revenue earned by government from tourists in the form of taxes is used to build infrastructure.
Apart from economic benefits, there are additionally fabulous social preferences to tourism. It might be a pride source for local groups, permits them to take a gander at their history, social legacy and create their community identity. This helps the residents to keep up their customs and culture, while likewise showcasing it for all the guests. This focal point of tourism is the thing that has preserved numerous heritages from destruction. Tourism can help to protect the regional history that may be at danger of being lost.

Numerous tourism administrators separate themselves from their competitors by offering tour packages with an environmental curve, and supporting the protection of the area. It not only helps the environment in managing the influx of visitors but also builds good repute of tourism operator. It's the responsibility of tourists as well to protect the environment and respect the places.

Tourism should be considered as key component of economic stimulus policies especially in economic crisis because it can help to revive economic growth because of increased business productivity in tourism area. Developing countries should take serious measures to promote tourism in their countries to get advantage of this continuously growing industry that can put juice to economic growth.

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