THE ECONOMIC IMPORTANCE OF TOURISM INDUSTRY
Tourism plays a major importance in economic development of a particular country whether promotion of International and local tourism the impact of such activities is basically showcasing the country’s finest possession and natural habitat this can encourage groups of people all across the world to trust such countries. Tourism promotes culture and traditions and interchanging information system, the progressive tourism can also promote people and their economic activities. Upon employing such promotion it can also encourage migration and foreign investors which has been an economic core foundation of most countries in Asia, Africa and the Pacific. Countries in USA, Europe, and Australia are encouraged to visit foreign nationalities, they are offered great deals to put on their companies abroad and transact business.
Usually the foreign countries may conduct research on the countries they would like to invest in to, if they find it viable and pleasant they would build an empire of business to other countries and hire people to work on their company and this has been the focal point of tourism of most countries to establish a capital business and labor sustenance. Attracting investors is not that easy since a sponsored country must prove that the tourist will be satisfied in the atmosphere and destinations that they would invest in. Foreign investors must also comply with different cultural diversity and beliefs of the people. They may also need to study the governing law so that they will not be charge form irregular or unauthorized business transaction.
Tourist who simply visits other countries for relaxation will likely visit traditionally the beautiful and historic places. This form of tourism involvement must showcase the country’s finest location that will attract customer’s satisfaction and enjoy the day with an extravagant visitation. This can highly attract visitor and promote a healthy multi-cultural adaptation of culture. Therefore the impression of the foreigners would be pleasantly acceptable to return back in time. Whether the goal of tourism is to encourage investors or foreign visitor they both contribute largely to Gross Domestic Production of the country because of the dollar production it can exhibit.
In Australian community particularly in Sydney upon airport arrival, foreign nationalities will likely to experience a variety of travel convenience and shopping and dining options plus a strong aviation security conditions are expected in their area, there are also nearby hotels that they can stay during arrival, ample parking space for visitors, including dollar or foreign exchange rate for people who might run out of money. This and more should be the features of most highly advanced airport destination since it includes almost all the visitors ever needed and therefore represents a good manifestation of culture and high technology services to foreign people and therefore attract them to come back for more.
The present condition may also influence the travel preferences of tourist that distract the travelers to visit such countries especially during natural calamity or domestic violence happening around the countries. The emerging war in Middle East may affect other countries from visiting, while tourist in Japan find their way going back home due to the recent Tsunami and Nuclear Meltdown that can endanger people. SARS in China and NH1N1 in Mexico reduced tourist to visit their countries. The following natural disasters may also affect the present economic condition of the country due to low production, foreign investors withdrawal of funds and labor constraint therefore reducing the Gross Natural Production due to low dollar maximization rate and less import and export product exchange, some companies may even found economic and business related problems due to non performance and low sales. But if a country has been clearly accepted in International community due to effective tourism, it manifest satisfied clients to give them confident upon investment.
In mainland China where there is a strict compliance in administering documents of travelers of incoming and outgoing tourist has not created much influence to reduce visitors and investors in their country thought the visa issues has been limiting visitors to temporary uses of tourist visits from 6 months to a year time. Tourist have also experience a very strict implementation of rules that they are not allowed to enter such materials and therefore may not be admitted to work or enter the country, sometimes they are even punished by law that leads to conviction or black listing.
The economic importance of tourism is not new to every country’s since tourism has been practiced during the earliest time, our ancestors would visit other countries using ships or boats to trade or barter goods and services that they can use. And in present times tourism has been practiced entirely around the world, in fact in countries such as France, Thailand, Philippines, Italy, Spain, Egypt and Africa rely on tourism due to the massive production of dollars collected to foreigners. Tourism has been the largest dollar revenue earners from these countries that supplies and balances the economic standard among nation.
Credit:ivythesis.typepad.com
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