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Global tourism has enjoyed tremendous growth over the past fifty years. - Essay Example
Author : hilbertmills
Pages 4 (1004 words)
Global tourism has enjoyed tremendous growth over the past fifty years Introduction Tourism is the largest civilian industry in the world. It is the leading economic sector which accounts for a major source of GDP, exports, taxes and employment. Every Year tourism investments attract $700 billion of new capital, which represents around 12% of the world-wide capital investment…
Tourism is a dynamic industry which enhances economic performance by generating valuable benefits, either in the form of infrastructural development or by creating positive publicity for individual destinations and countries. The social benefits offered by the tourism industry Global tourism industry has enjoyed tremendous growth over the past fifty years. This growth has contributed to the development of the society. The social benefits offered by the tourism industry are - The industry acts as a vital source of income as well as employment opportunities which are highly flexible. In the absence of this sector, the global GDP would be quite low and a major portion of the people in a society would be unemployed and live in poverty. Tourism industry has led to the development and improvement of the society. More than 50% of the people now live in cities globally and it is predicted that the percentage will rise to 75% by 2025. The tourism industry has helped to overcome the problem of cultural differences between people all over the world. ...
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