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
Tourism Research Australia, Department of Resources, Energy and Tourism. Tourism contribution to the Australian Economy, 1997-98 to 2009-10., [Online. Available at: [Accessed 7 March 2012].
The Management of Tourism at Hengistbury Head Introduction = == == == ==
Pattullo report gives a first-hand account as to who controls each segment of the tourism industry; the tour operations, the large hotel chains, and the airline companies. The Caribbean’s economy depends on an industry that is mostly foreign-owned and controlled and the people who live there do not have an opportunity of owning or investing in it. In Pattullo’s report, it reveals that the large travel industry corporations are the ones who have most of the control. But those corporations are not located there. Her report exposes that the true benefiters of tourism in the Caribbean are foreign-owned investors and corporations.
UNEP, ‘Leakage’ 2013. Negative Economic Impacts of Tourism: Leakage. [online] Available at: http://www.unep.org/resourceefficiency/Business/SectoralActivities/Tourism/FactsandFiguresaboutTourism/ImpactsofTourism/EconomicImpactsofTourism/NegativeEconomicImpactsofTourism/tabid/78784/Default.aspx [Accessed: 10 Nov 2013].
Stabler, M.J. Papatheodorou, A. Sinclair, M.T. (2010). The economics of tourism 2nd edition. New York: Routledge.
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...
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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...
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“Tourism sector plays key role in economic development.” Economics. Radio the Voice of Vietnam. 2004
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