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5 Global Tourism Lecture Notes

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Michael Bunce

GGRA02 Tourism: The New global economy Feb 15 Smaller economies rely on their own resources and attractions to trap into the rapidly growing global tourist industry The boom in the growth of tourism on a global scale: 20-30 years Questions Why has tourism become the fastest growing sector of the global economy? How has global tourism changed? How doe sit affect places and regions? What is its role in sustainable development? Rise of global tourism Tourism now the most important single item in international trade Nothing is exported in tourism, but the people are commodities, exporting local commodities (works in the opposite direction) International tourist arrivals for 2007 grew at rate of 5.7% = 880-900 million Factors Demand side increased leisure time paid vacations holidays increased real incomes increased disposable income affluent retirement good pensions and investment income desire for travel, new experiences advertisements, create demand Escapism Business tourism Supply side transportation revolution Jet in the 1960s Economic development policies abroad and in Canada romanticizing Growth of tourist industry- tourism as a product produces aircraft, a resort, things that can be sold, not always tangible (the experience you get from travelling) Changes in global tourism Rise of mass tourism All inclusive, packaged, pre-paid comfort and convenience, security, familiarity, affordability construction of new places
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