Asian Tourism: Growth and Change
Sharma, Manoj.
- 1st./ed.
- vi, 298p. : illus. ; 24 cm.
- - The economic impact of tourism spending is a function of the numbers of domestic and international visitors and their expenditures. Because of the economic importance of tourism, the World Tourism Organization maintains statistics by region and country on tourism arrivals and both tourism expenditures and receipts. This book is about tourism which is a powerful economic force providing employment, foreign exchange, income, and tax revenue. The generators of economic impact for a city, a state, a province, a country, or a destination area are visitors, their expenditures, and multiplier effect. Tourism destinations are becomingly increasingly competitive as more and more destinations look at tourism to become the new economic generator replacing declining activity in agriculture, mining, and manufacturing. As a consequence of pervasive anxiety caused by these events, people cut back on their travel, economic forecast were put on hold; airline, lodging, tour operators, and travel agent revenue declined; and widespread layoffs occurred throughout the industry.