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Tourism
tourism represents a large % of Gross Domestic Product (GDP) and a way of gaining a positive balance of trade with other nations
tourism is when some travels and stays for not more than 1 year
24/7/52 weeks a year economic driver
employs 413 million people
Benefits of Tourism
provides governments with substantial tax revenues
offers the greatest global employment prospects
Interdependency: segments of tourism (travel, lodging, foodservice, and recreation) are dependent on one
another for business
have a MENU of activities for visitors to do when they visit
Tourism continues to grow due to:
opening of borders, increase in disposable income and vacations, reasonably-priced airfares, increase in the number of people with time and money, and more people with the urge to travel
Business Travel
Fairly steady regardless of season
Business travel has declined a bit but is still strong
Business travelers tend to be younger, spend more money, travel further, however they do not stay as long as leisure travelers
Leisure Travel
Leisure market could be more seasonal depending on locations visited
Goal is to encourage travelers to come, stay longer, spend more money!
Many things impact this market such as affordability and cost of living
UN Tourism
specialized agency of the UN, leader in global tourism
The Five Ages of Tourism
• Pre-Industrial (prior to 1840, review book)
Travel was mostly for religious or trade reasons
• The railway age
• The automobile age
• The jet aircraft age
• The cruise ship age
Traveling by Train
Traveling by Car
Traveling by Air
The Hub and Spoke System
Newer airplanes
Cruise Ships
Cruise Market
Impact of Tourism
The Multiplier Effect
New money spent by tourists is re-spent by businesses in the community to purchase goods & services
Leakage occurs when that money is spent outside of the community
Tourism Organizations
Promoters of Tourism Examples
Impact: Sustainability
increasing numbers of tourists may heighten concerns about the environment, physical resources, and sociocultural degradation
obligation on industry
most big international hotel companies think about these things as part of their development plans
Ecotourism
focused on individual values - tourism with a conscience
economic, environment, and social focuses
responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education
Other Types of Tourism
• Cultural tourism: Motivated by interest in cultural events
• Heritage tourism: Motivated by historic preservation
• Nature tourism: Motivated by nature
• Culinary tourism: Culinary adventures are at least a contributing motivation
• Volunteer tourism: Motivations include opportunity to travel safely and cheaply and to experience different cultures