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The economic contribution of tourism is felt in both direct and indirect ways, where direct economic impacts are created when commodities like the following are sold: accommodation and entertainment, food and beverages services, and retail opportunities.
Many countries must purchase goods and services to satisfy their visitors. This includes the cost of raw materials used to make tourism-related goods, such as souvenirs. For starting tourism industries, this is a significant problem, as some countries must import as much as 50% of tourism-related products.
The WTTC performs and publishes research in conjunction with Oxford Economics on the economic and social impact of the travel and tourism industry. [3] The foundation of the WTTC's research activity is a set of annually produced Travel & Tourism Economic Impact Reports. These include a global report as well as 24 regional and 184 country reports.
Especially in developing countries, one of the primary motivations for a region to promote itself as a tourism destination is the expected economic benefit. According to the World Tourism Organization, 698 million people travelled to a foreign country in 2000, spending more than US$478 billion. International tourism receipts combined with ...
While "sustainable tourism" is a concept, the term "responsible tourism" refers to the behaviors and practices that can lead to sustainable tourism. For example, backpacker tourism is a trend that contributes to sustainability from the various environmental, economic, and cultural activities associated with it. [19]
An economic impact analysis only covers specific types of economic activity. Some social impacts that affect a region's quality of life, such as safety and pollution, may be analyzed as part of a social impact assessment, but not an economic impact analysis, even if the economic value of those factors could be quantified. [2]
Tourists at the Temple of Apollo, Delphi, Greece. Tourism is travel for pleasure, and the commercial activity of providing and supporting such travel. [1] UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more ...
Tourist taxes are generally a way for governments to generate revenue for the consolidated fund but can also be a hypothecated levy used to address the impacts of tourism. [ 1 ] The tax can be used to mitigate the increased demand on infrastructure and public services , to address the environmental and sustainable impact of tourism and to ...