impact of tourism expenditure on economic growth of Pakistan I have taken the time series data from 1995 to 2012. Trade was used as an independent variable in the model. For the regression I have used the ordinary least square (OLS) method because all the variable were stationary at level. I took the data of GDP, trade and tourism expenditure from the World Bank website. Dependent variable: • GDP Independent variable • Tourism expenditure • Trade The model is as follows GDP= β0 + β1 tourism expenditure
Tourism is one of the largest industries in the world world, with a contribution of more than $7.5 trillion to the global economy alone in 2014. This revenue figure includes revenues generated from all the activities associated with tourism such as accommodation, travel, etc. The projected contribution of the global tourism industry to the global economy for 2015 is said to grow by 5-6% compared to the previous year. Refer to Figure 1 in Appendix for infographic that shows tourism industry’s contribution
antagonistic attitude towards the government and management authority. Some of the local communities may worry the tourism development directly threaten the site’s integrity. “East Rennell”, a natural World Heritage in the Pacific is a good example of demonstrating the impact of “unrealized expectation”. A study reported that the local communities envisaged that nomination would only boost the tourism development, but also regarding the building of new infrastructures like hospitals, flyovers and transport
of the STB as the NTO. Singapore Tourism Board (STB), which was formally known as Singapore Tourist Promotion Board (STPB), was formulated to increase Singapore's attractiveness to tourists. It's primary roles were to coordinate activities with tourist enterprises, enhance and develop the infrastructure and superstructure of tourist facilities and attractions, regulate policies and standards within the tourism industry, and continually market Singapore as a tourism destination. Over the years, STB
able to purchase easy way method such as Internet, technical progress and service. - Ecological environment which promotes for destination and focused on healthy lifestyles. 1.3 Explain how to assess the risks associated with a tourist destination The risks associated with a tourist destination causes political issue, terrorist attacks and nature disaster. It also risk management in tourism damage number of tourist reduce. Identify the risks of destination that could affect towards your destination
Tourism is one among the major segments which the new government is seeking at to boost the economy of the Nation. After realising that, the MICE segment can be the best game changer for the growth of the tourism, the ministry of tourism also adopted an approach which is aggressive to promote the segment. The new tourism policy in fact have to be released anytime soon has identified MICE as the leading growth driver for the tourism industry in India. MICE is the new buzzword which relates to varied
What is promotion? Firstly, before we get started, tourism industry in order to make a destination well-known, is the use of marketing mix, which is the mixture of the price, the place, the product and the promotion in order to make the best package to attract a consumer (Middleton, Fyall, & Morgan, 2009). Promotion is one of the most important parts of the marketing mix in order to show the product or a service and in this case to promote tourism in
As quoted from Richard Moe: “Preservation is making opportunities for contact with our shared heritage, and that is the glue that holds us together.” It means to say that this sense of belonging and identity is what ties a community together and promotes respect for people of different societies and of different times. We link ourselves to the buildings around us a lot more than we think. The concrete jungle that we live in now is part of our modern nature and the information it provides us with
economic philosophy, which allows the public and private sectors to flourish in sectors where they do best, will be best suited to Nepal. The state alone cannot transform the economy. If it could, China and Vietnam would not have done everything to promote domestic and foreign private investment. As for the growth model, there are several of them, but let me mention two of them: Balanced growth model and Unbalanced growth model. In the first model, you sprinkle resources across sectors without regard
Introduction Comprehensively, we are probably aware that Mass Tourism has the accompanying attributes: (a) involvement of a huge number of people in tourism, (b) holidays are being standardized, rigidly packaged and inflexible (Karamustafa 2012), (c) it is being mass produced and mass marketed and (d) consumed by tourists that are unconcerned about the local culture or practices. This goes to say that Mass Tourism requires vast improvement in tourism and the need of the involvement of international travel