GEO 802 Study Guide - Market Failure, Water Park, Millennium Dome
2 Feb 2013
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Over 200 million jobs were dependent on the tourism economy. Tourism is used to promote growth & development in developed world. There were about 1. 5 billion domestic tourist trips. Tourism is a very major source of job creation mostly in the service sector hotel, accounting, banking, etc. The tourism economy accounted for about 6 trillion. The tourism economy directly & indirectly accounted for 10% of global gdp. In some countries, as much as 40% of gdp. Airline, hotel, restaurants, and many depend on tourism. Tourism is a very fragile & volatile industry. There is no universally accepted definition of tourism, leisure & recreation. Tourism, recreation & leisure are generally seen as a set of interrelated & overlapping concepts. Community often view tourism as a way to showcase their tradition language, festival, dances, or rituals. They give a sense of pride to showcase their traditions. Tourism is rooted in the psyche of an individual especially those who live in modern society.
