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Sustaining tourism within developing countries like the Dominican Republic - Essay Example

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Masters
Essay
Miscellaneous
Pages 15 (3765 words)

Summary

Tourism is considered as the world's fastest developing industry and is projected to maintain its growth at between 4 and 5% annually. There were about 592 million international arrivals in 1996 and the WTO estimate for 2020 is 1.6 billion. As of 1950's developing countries have entertained growing numbers of international tourists, mostly from developed countries…

Extract of sample
Sustaining tourism within developing countries like the Dominican Republic

Tourism brings rather influential customers to Southern countries, potentially a significant market for local business and an engine for home sustainable economic growth. Between 1985 and 1995 typical gross receipts for each tourist arrival raised by 75%.
Thus tourism has become a vital sector for developing countries aiming to take advantage of foreign exchange earnings, increasing employment and securing economic wealth and to protect natural and national traditions.
World Travel and Tourism Council (WTTC) estimation show that travel, tourism and associated activities will add 11% to the world's GDP, rising to 12% by 2010. The tourism industry is at present estimated to create 7.8% of the total labor force. This percentage is projected to rise to 8.6% by 2012. The tourism industry is also the world's largest employer and make up over 255 million jobs, or 10.7% of the global workforce (WTTC, 2002).
Tourism has facilitated to produce millions of jobs in developing countries. For instance official estimation for suggest China has 51.1 million jobs related to tourism and India 23.7 million jobs. ...
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