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The economics of tourism have been shown to push out local tourism business owners in favour of strangers to the region. [ 9 ] [ 10 ] [ 11 ] Foreign ownership creates leakage (revenues leaving the host community for another nation or multinational business) which strips away the opportunity for locals to make meaningful profits.
For example, a business plan for a non-profit might discuss the fit between the business plan and the organization's mission. Banks are quite concerned about defaults, so a business plan for a bank loan will build a convincing case for the organization's ability to repay the loan.
The tourism industry of Nepal was affected after the destructive earthquake in 2015, by the series of earthquakes in 2015. In 2020, the tourism sector in Nepal collapsed due to the COVID-19 pandemic. [5] In 2022, tourism income increased by 190% from 2021. The gross foreign exchange earnings were Nrs 46,756,824 thousand (Around 326,282 thousand ...
A destination marketing organization (DMO) is an organisation which promotes a location as an attractive travel destination. DMOs are known as tourist boards, tourism authorities or "Convention and Visitors Bureaus". [1] They primarily exist to provide information to leisure travelers.
Destinations of business tourism are much more likely to be areas significantly developed for business purposes (cities, industrial regions, etc.). [1] An average business tourist is more wealthy than an average leisure tourist, and is expected to spend more money. [5] Business tourism can be divided into primary and secondary activities.
The travel and tourism industry contributed 8.6% to the country's GDP in 2023; [1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [2] Coastal tourism, encompassing beach and diving activities, constitutes 25% of the Philippines' tourism revenue, serving as its primary income source in the sector. [3]