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Economic importance of tourism essay
Positive And Negative Impacts Of Tourism On Economy
Positive And Negative Impacts Of Tourism On Economy
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Tourism in Malaysia started from the 1960s and it is one of the new forces in the economic sector but the growth was slow. Then, a tourism master plan was added into the Second Malaysia Plan during 1971-1975 and this marked the beginning of tourism as the country’s economic contributor that has become the second highest foreign exchange earner for the country after the manufacturing sector (Robiah S., 2007). In the early growth of the industry, Visit Malaysia Year (VMY) is a major tourism event was launched by the Ministry of Culture, Arts and Tourism (MOCAT) in the 1990s that it was extended to include other attractions. The major markets for Malaysia tourism are the neighbouring ASEAN countries, China, South Korea, Japan, India, Australia and United States. This event was a huge success which more than 7 million international tourist arrivals were recorded with a growth of 53.6 per cent. Moreover, the slogan ‘Malaysia Truly Asia’ is a large advertising campaign sponsored by the Malaysian government which is internationally recognized as a uniquely Malaysian brand to promote tourism in Malaysia. The Malaysian tourism industry had faced with several challenges such as the unstable world economics, politics, SARS and challenge posed by the other ASEAN countries competing to draw tourists had initiated Malaysia to set its own strategy in diversifying the tourist attractions. However, according to the Malaysia Tourism Promotion Board (MTPB), which called Tourism Malaysia (2008) aims to encourage tourism and its related industries in Malaysia. It is expected that tourism would help promote new investments in the country, as well as provide increased employment opportunities. The growth of tourism would also contribute positively to t...
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...destination in the world. Tourists from various countries around the world visit the place in large number every year. The tourism industry has shown a continual rise in the number of tourists, visiting Malaysia over the years. The available data shows that from 2000 to 2013 there has been an obvious increase in the number of tourists visiting Malaysia with a temporary decline during 2003 due to the effect of global crisis. Since 2000 the number of tourists visiting Malaysia was approximately 10.22 million tourists while the figure in 2013 has increased approximately 25.72 million tourists, these figures show that the number of tourists visiting Malaysia has increased by more than half. However, those tourists which come from the ASEAN countries is always higher that other countries. This may possibly due to easy and cheap access to Malaysia from those countries.
Travel and tourism is the largest industry as it a billion dollar industry. Malaysia currently acquired their biggest achievement of securing 25.7 million tourist arrivals last year which will contribute the millions of ringgit to the economy impact.
Tourism in Singapore is one of the biggest service sectors and attracts millions of the tourists each year. Its cultural attraction reflects its colonial history and Chinese, Malay, Indian and Arab ethnicities. Singapore is environmentally friendly, and maintains natural and heritage conservation programs.
Located in Southeast Asia, Thailand has become a well-known destination to many travelers since the early stage of mass tourism. The boost of tourism in Thailand started with Vietnam War where Thailand became a popular destination for the rest and recreation of US military. Since then the Tourism Authority of Thailand (TAT) was established as an official organization to promote the country’s tourism (McDowall & Wang, 2009). Despite a lot of world external factors negatively affected Thailand tourism such as Gulf War 1991, Asia Financial Crisis 1997, SARS 2003 and Tsunami 2004, the overall number of tourists was increasing due to the quick response of the government to the needs of tourism industry and the effect of targeted promotional campaigns (Zhang, Qu & Tavitiyaman, 2009). According to TAT (2014), the international tourist arrivals increased over 333 times from 0.08 million in 1960 to 26.7 million in 2013. And in the same period, tourism revenue rose from US$10 million to US$38 billion. Although Thailand hosted a significant number of tourists and gained a lot of revenue from tourism, Thailand also suffered from negative effects such as AIDS, negative image of sex tourism (Li & Zhang, 1997), degradation of the environment (Koont...
Thailand, Indonesia, and Maldives were thriving developing countries from the economic support provided by the tourism industry. The white sand beaches and lush tropical greenery found on one island could be replaced with glorious mountains and waterfalls form a short boat ride to another island. Tourism flourished because of the many interesting physical characteristics of the area. According to the CIA World Fact Book, Thailand offered its many visitors peaceful democracy and a southern isthmus known to be always hot and humid (CIA World Fact Book). Maldives present...
The economy of tourism destinations may be unstable and show obvious fluctuations in prices and seasonal workforce. For example, in Gambia, nearly 30% of citizenry depend on tourism to make a living (OECD, 2009). The development of tourism caused 8% increase in prices in Belize (UNEP, 2006). The dependence on tourism to develop economy is another severe problem, especially for developing countries. For these countries, they may find that tourism is the best way to get immediate profits so that they place too much attention and investment to promote its development. This results in the dependence on tourism to develop economy. Malta is a country with 380,000 residents, but was visited by 1.2 million tourists in 1999; tourism contributes approximately 40% of GDP directly and indirectly (UNEP, 2006). Besides, the environmental and social impacts of unsustainable tourism will cause economic consequences,requiring more cost to compensate the destruction caused by tourism on environment and
All Singapore residents promote their country as a very good host . As an essential part towards the quality of tourism, they think that the contribution of local communities and public involvement will boost their pride, which leads to the motivation for the future of tourism of the country.
“Visitor exports,” or sales of tourism goods and services to foreign visitors, averaged US$ 10.2 billion (bn) (12% of total exports) in 1998–2005 on more than 10 million annual visitor arrivals. The next largest category of exports, computers and parts, averaged US$ 8.5 bn in the same period.3 On average during 1998–2005, Thai tourism directly and indirectly accounted for 13% of GDP, 10% of employment (3 million jobs), and 12% of investment. Using the industry’s GDP share as a measure, Thailand is ranked 60 of 174 countries in the World Tourism and Travel Council’s global tourism satellite accounts (TSA). (s tourism-based development good for the poor?: A general equilibrium analysis for Thailand (6th ed., Vol. 30, p. 2). (2008).
Tourism development is a crucial part of Singapore's energy to transform into a lively city and an enhanced economy. Our tourism scene has changed throughout the years, with the presentation of amusement changing tourism offerings, for example, the FORMULA ONE night race and the Integrated Resorts. Other than creating tourist spend, these tourism items give more relaxation choices
The economy can be clearly identified as the most beneficial aspect of tourism. “According to recent statistics, tourism provides about 10% of the world’s income and employs almost one tenth of the world’s workforce” (Mirbabayev, 2007). In Australia alone, Tourism contributed $87.3 billion in 2012, and employed 908,434 (7.9%) people (Kookana & Duc Pham, 2013). Tourism is “one of the most profitable and rapidly developing industries in the world” (Popushoi, 2004). Every year the number of tourists increase dramatically and consequently the revenues from tourism will increase substantially.
The Philippines is endowed with abundant natural resources and one of the world’s richest diversity of fertile lands; flora and fauna; heart seizing scenic beauty; diverse culture; indigenous etiquette. A country blessed with astonishing natural environment along with the country’s hospitable and pleasant people has made it one of the major tourist destinations around the world. Tourism is one of the major contributor to the economy of the Philippines. Its beaches, mountains and rainforest are among the country’s natural tourist destinations. Aside from these, its rich historical heritage, diverse culture and traditions, festivals and celebrations, native foods and delicacies are endemic additions to the Philippines’s tourist captures.
According to the statistics by Batir Mirbabyer (1991), tourism provided almost 10% of the world’s income and employed almost one tenth of the world’s workforce. Thus, tourism offers a good potential economic impact to the national economy. Refer on Berita Harian (2013), Malaysia triggered a record of arrivals tourists was 15.9%. It is over 6.4 million tourists in the
Because of quality in travel and tourism the economically so many people are depend on that like restaurants , tourist guides etc..
In recent years, tourism marketing has gone through strategic changes with the improvement in new technologies, the chase of a relationship between customers and suppliers as well as the importance of sustainability issues in marketing. Marketing Tourism reconsiders the needs of the tourists but does not overlook on the long term economic, environmental, social and cultural interests of the local population. So, it means that marketing consider both the tourist demand and effect to society as
Modern tourism encompasses a growing number of new destinations and such dynamics have turned tourism into a key driver for socio-economic progress. Apart from tourism impacting the domestic markets, it plays a significant role on a global level.
At the present time, one of the inseparable parts of the economic growth is considered as tourism industry. Commonly, tourism is the movement of people to other places for business or leisure purposes as well as covers their activities. Holloway and Humphreys defines that the places where tourists come and spend their money are called as “tourist destinations” in other words “receiving areas”. Many countries have been improving tourism to overcome economic difficulties since it is growing fast. The industry activities have been demonstrated a general positive trend in the economy and it has already become the inherent part of economic development. In host countries, tourism has led to such positive consequences as the improved infrastructure,