Economic Impact of Tourism on the Pacific Rim

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Economic Impact of Tourism on the Pacific Rim

Introduction

The Pacific Rim is a grouping of countries in the Pacific Ocean[1]

that start from the Korean peninsula down through south East Asia.

Some of the common countries in this region are; Thailand, Hong Kong,

Indonesia, Vietnam, Cambodia, Singapore, Malaysia, Brunei.

The current economic situation has been gleam with poor performance

from the main economic activity agriculture. To alleviate the

situation we must look at tourism as a way of sustaining recommended

economic growth.

The Pacific Rim has a rich relationship with the tourism industry,

with people all over the world highlighting the regions population for

good hospitality. Countries like Indonesia and Thailand have used

tourism to assist build formidable economies.

Tourism within this region is mainly based on leisure along its warm

beaches and historical and cultural tours.

The average number of tourist in this region per country is relatively

high ranging from 5 million in larger destinations like Indonesia to 1

million in Vietnam.

Seasonality in the region has its Peak seasons set from July to Oct

and Dec 15th to Jan 15th and low season from October to April.

Economic Impacts of tourism

Foreign exchange earnings

International tourist coming to the area will bring in much needed

foreign exchange into the local economy. The small pacific island of

Samoa gained S $148.7 million in foreign exchange through tourism in

2001 up S$ 109.9 million $ the previous year according to their

central bank[2].

The local government and tourist bodies should enforce that

international tourists pay i...

... middle of paper ...

...of the region in the appendix

[2] Refer to the Samoa information Website link

[3] Information derived from: Marketing Korea as tourist destination

by Gordon Waitt. University of Wollongong Australia. Tourism

management Articles Vol. 17 No.2. Pg 113-121 1996.

[4] Refer to appendix of illustration of the different visa

application fees as per the Indonesian government.

[5] Tourism and environmental taxes. With special reference to

“Balearic ecotax” by Teresa Palmer and Antoni Reira. University of

Majorca Spain. Tourism management journal 24, 2003

[6] Refer to XXXX academic journal for a indication of expatriate

influx in the Pacific region.

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[WKK1]Good economy leads to political stability which comes back to an

even better economy

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