Contribution to GDP above world average • In India‚ the sector’s direct contribution to GDP is expected to grow at 7.8 per cent per annum during 2013–2023 vis-à-vis the world average of 4.2 per cent Create higher employment • The travel & tourism sector in India is estimated to create 78 jobs per USD18‚366 of investment compared to 45 in the manufacturing sector Higher investments • Travel & tourism’s contribution to capital investment is projected to grow at 6.5 per cent per annum
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After 1989: Hungarian Tourism in Transition Period Tourism is one of the most important industries in the Central and Eastern European transition economies. Tourism does not only bring in massive hard currencies‚ which transition economies desperately need‚ but also receives tremendous foreign direct investment (FDI)‚ which transition states could possibly benefit from the spillover effects. This paper examines the tourism industry in Hungary after the collapse of Communism in 1989. Firstly‚
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IMPACT OF TOURISM ADVANTAGES AND DISADVANTAGES Fe Zuly 2011 Abstract Tourism has become a popular global leisure activity in 2008‚ there were over 922 million international tourist arrivals‚ with a growth of 1.9% as compared to 2007. International tourism receipts grew to US$944 billion (euro 642 billion) in 2008‚ corresponding to an increase in real terms of 18%. This paper is purposed to explain about impact of tourism including advantages and disadvantages. This impact
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International Business Assignment Article Review on The Multi-Dimensional Impact Of International Tourism Hany H. Makhlouf‚ University of the District of Columbia‚ USA ABSTRACT Most countries – be they developed or developing‚ rich or poor‚ and large or small – compete for a larger share of the international tourism dollars. They capitalize on their cultural heritage‚ historic landmarks‚ rich wildlife‚ ancient monuments‚ scenic beauty‚ and other distinctive attractions and invest in world
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The Economic and Social Impact of Tourism Today‚ tourism is one of the largest and dynamically developing sectors of external economic activities. Its high growth and development rates‚ considerable volumes of foreign currency inflows‚ infrastructure development‚ and introduction of new management and educational experience actively affect various sectors of economy‚ which positively contribute to the social and economic development of the country as a whole. Most highly developed western
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SUSTAINABLE TOURISM ~ ELIMINATING POVERTY (ST~EP) INTRODUCTION : At the World Summit on Sustainable Development held in Johannesburg‚ South Africa in August 2002‚ the World Tourism Organization (WTO)‚ supported by UNCTAD‚ took a global lead in this field‚ launching the concept of ‘Sustainable Tourism as an effective tool for Eliminating Poverty’ (ST~EP)‚ and beginning the process of putting a program in place to implement the concept. This initiative linked the longstanding WTO pursuit of Sustainable
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Some people think tourism is just going to a travel agency and buying a tour to visit a place. However‚ there are more issues involved with this field than people can imagine. According to the World Tourism Organization (UNWTO) tourism represented 5% of the direct global GDS‚ offering 235 million jobs worldwide and generating more than US$ 1 billion for local communities where it is developed. It is clear‚ therefore‚ that tourism brings advantages to a country‚ but there are obviously disadvantages
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8 DOI: 10.2298/IJGI1203081M DEVELOPMENT OF „DARK“ TOURISM IN THE CONTEMPORARY SOCIETY Natalija Minić *1 * University of Belgrade‚ Faculty of Geography Received 13 July 2012; reviewed 4 October 2012; accepted 12 December 2012 Abstract: The paper focuses on the development of „dark“ tourism as a type of special interest tourism. The study included analysis of the definition of „dark“ tourism‚ tourist motivations for this type of tourism‚ Stone ’ s typology of dark destination offers‚ and a
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DEFINITION OF CULTURAL TOURISM A review of existing definitions One of the research tasks undertaken for this report was to investigate the feasibility of establishing an agreed definition/definitional framework for cultural tourism research. This involved a review of definitions included in the culture and tourism literature‚ as well as discussion on this topic with cultural tourism stakeholders. The first question asked by those contacted about the collection of cultural tourism statistics invariably
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References | 18-19 | Introduction Tourism and hospitality business is one of the fastest emergent industries over the over world. The UK is considered one of the leaders of rapid introduction of global tourism business. The tourism sector in UK is progressively rising year by year for various favorable factors and among them most important dominating factors are technological and capital availability related (Buhalis‚ 2012). In the earlier period‚ the world tourism industry has been prejudiced by
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