Sustainable socio-economic Growth is an important need of the present world and it has mammoth possibility in the area of tourism sector and Multi-activity in tourism through which the visitor has an opportunity to have firsthand experience with multiple occupations and activities, rural products, traditional and cultural food and the daily life of the people of the host country. In India, Strategic initiatives for development of tourism sector have been taken and must be given top priority because
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
from tourism (WWF Nepal, 2013); thus the economic benefit of tourism on an indigenous community residing within Buffer zone area of CNP is negligible (CNP, 2015; Pradhanang, 2002). Furthermore, Banskota, Sharma, Sharma, & Rijal, (1996) study displays majority of employment related to tourism activities at CNP been taken up by non – locals, Bookbinder (1998) shows 61% of hotels owned by outsiders and distribution of tourism economic benefits confined to
few decades, tourism and its impacts to poverty and income distribution has been the interesting subject of many organizations, institutions, practitioners, and scholars. As mentioned earlier, UNWTO (2011) perceived tourism as a significant contributor to economic development and the achievement of the UN MDGs. One of the outcome of this approach was the emergence of the pro-poor tourism (PPT) concept in the late 1990s. PPT aims to ‘increase the net benefits for the poor from tourism’ and ensures
Introduction There are several different schools of thought regarding best practices for economic development. Economic development is understood as the improvement of societies quality of life and economic growth through job creation, increasing wealth and obtaining a stable tax base in order for the state to perform basic functions. Economic growth is one critical aspect of economic development. American sociologist Immanuel Wallerstein introduced the world systems theory, based on the capitalist
rate of customers which causes stock price to fall, due to the situation at hand the government slash the economic progression report to 0.5% in the year 2003 to balance out the pressing issue. However the government together with the other industries including the Singapore Tourism Board has overcome the problem when a relief package being issued to aid those affected by the SARS outbreak economic progress fall which instigated a fee rebate for airlines and cruise industry and refund property taxes
Medical Tourism: Overview The term ‘medical tourism’ perhaps still unfamiliar for some people. Medical tourism is best described as a travelling activities across national border with the purpose of receiving some kind of medical treatment (Lunt, et al., 2011). Commonly, it comprises of cosmetic surgery, dental care, elective surgery, and fertility treatment, however it also offer a full range of medical treatments. Such as, cancer therapy, cardiovascular surgeries, orthopedic treatments, weight
Reliance on Tourism stifles economic growth in The Bahamas. We are a nation that is made up of 700 islands and keys. Economic growth means an increase in real Gross Domestic Product (GDP) and an increase in national output and national income (Economics Help). The Bahamas economy is based primarily on tourism, offshore banking and construction. The agricultural and industrial/manufacturing sectors are comparatively well. Tourism generates more than half of the total GDP and directly employs roughly
development of a country that transport infrastructure helps boosting a country’s economy. In the past three decades, South Korea has developed with rapid economic increase. Transport infrastructural development has been playing an important of South Korean economic growth. Seoul, the capital city of South Korea would be the most important to the economic development to South Korea. After the Second World War Korea was separated into the North and the South by the Soviet Union and the United State. Then
dollar, but also feel valued and respected by the workers providing the service (Kernbach & Schutte, 2005; Langhorn, 2004; Varca,2004; Winsted, 2000). World travel and tourism as one of the world’s largest industries, supporting 266 million jobs and generating 9 per cent of the World GDP. Each year the global travel and tourism industry generates several thousand billions U.S. dollars in revenue. According to UNWTO the number of International tourist arrivals worldwide exceeded the one billion mark