STHM 1311 Lecture Notes - Lecture 1: Local Food, Import Substitution Industrialization, Land Degradation
6 Apr 2016
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Document Summary
The world travel and tourism council (wttc) estimates that in 2001 employment in the travel and tourism economy was 8. 2% of total global employment. Tourism provides both direct and indirect employment. Direct: when employees are in contact with tourists and provide the tourist experience. Indirect: employees of firms providing goods and services to the. Economic constraints to tourism benefits direct suppliers. Permitting tourism to become the subsistence industry for a country or a region is not desirable: Demand for tourism depends on income and tastes of foreign tourists-beyond the control of the host region. In other words, you shouldn"t put all your eggs in the tourism basket! Aggressive investment programs to develop tourism can lead to the neglect of more fundamental investment needs of the country (education, health or other social services) Strategies for maximizing tourism"s positive economic impacts. The key is to maximize the foreign exchange earnings (that is, new money), income, and employment within the destination area.
