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Elaborate the socio-economic impact of tourism
Impact of tourism on local
The effects of globalisation in the tourism industry
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1. Introduction: Singapore Tourism industry
Tourism in Singapore is regarded as a core industry and vital to the government’s economic diversification strategy. It is also a channel for communicating conceptions of nationhood founded on ethnic harmony and a vehicle through which the country’s leaders can assert their competence to audiences at home and overseas.
Expansion of inbound tourism has been facilitated by official plans intended to broaden the Singapore’s appeal, centred on the creation and continue its improvement of attraction and international communications. A tourism development funds aim to foster infrastructure and product development, strengthen the industry capability and attract “iconic” or major event. Such as hotel, retail and leisure facilities.
Likewise, the Singapore Tourism Board (STB) oversees tourism planning, development and marketing as well as economic sectors have mutated into a key driven of economic growth and tourism development are thus contributing economically significant to Singapore Gross domestic Products (GDP). This has shown that focusing on the tourism industry is the right choice.
2. Impact Of Tourism Industry In Singapore
Tourism industry growth has been a major booster to increased economic activity throughout Singapore and the world. Visitors or tourists contribute to sales, profits, jobs, tax revenues, and income to the country. Hence, it is often cited to capture primary and secondary effects of tourism spending.
In consequence of the multiplier effect, small changes in government spending can create much larger changes in total turn- out. The positive facet of the multiplier effect is that macroeconomic can influence substantial improvements with relatively less amounts of i...
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...egion’s attractions, will result in the future enhancement of Singapore’s attractiveness to visitors who are exploring the Asia-Pacific region.
The key effect of Singaporean tourism expansion on GDP and employment results from the service industry and potential output. Firstly, the service industry is very significant in the Singapore economy as it holds an accounting of 66% of GDP. Thus, stabilising influence to the extent of welfare benefits. Second, tourism has significant backward linkage, meaning that an increase in the tourism expansion has great potential to expand output which correlated to the tourism industry. (Rupa, 2009, p. 128-129).
Tourism is an important economic activity in Singapore. The Singapore’s government is thus must give an obligation to its tourism in order to facilitate development, international tourism and a sustainable economic growth.
Singapore thrives on the fact that they are a very business oriented economy. Singapore is seen by people “as a leading global financial center” giving them quite a good reputation amongst the world (Heritage 2014). Singapore, for such a small country has
In the1970s, Singapore’s economy continues upward march. As Singapore embraced industrialization and diversification, it needs to increase its reputation for being the best-planned city to attract foreign investment. Therefore, to achieve such status, Singapore undergoes a major urbanization on landscape while the people of Singapore sought ways to lead ...
This report examines Singapore Tourism Board’s contributions to the success of Singapore as a tourism destination, and how Singapore Tourism Board (STB) handles crisis situations that threatened Singapore tourism industry.
Tourism is often associated with traveling to places away from home. Tourism has a big impact on the economic growth of some countries, which define the shape of their cities by producing different sectors like historic districts, convention centers, museums, malls, hotels, restaurants, and the list can be endless. Furthermore, tourism elements have been developed by cities for a variety of reasons including: situating themselves in the world by drawing a positive image and attracting visitors and for their money.
Nowadays in the rea of globalization, according to the World Tourism Organization, “seven hundred million people travelled abroad in 2003”, and the number is estimated to increase to 1.6 billion by 2020. (International Labour Organization, 2005). Tourism is spreading in unusual places. A lot of people want to be in the midst of adventure. It is a vital source of revenues for the GDP of many countries. I partially agree that tourism hugely benefits the local community. This essay will discuss some of the economic, social and environment effect of tourism on the host community.
Half of century has gone since ‘tourism boom’ began in 1960s (Tirados, 2011). Nowadays, desire to be a tourist is virtually universe which has made tourism become a central element of globalization. The profit brought from tourism is something that we cannot deny however everything has its two sides which are good and bad, advantages and disadvantages or positive and negative. Thailand is a great example to find out the advantages and disadvantages of the development of tourism impact on the country.
Indonesia is the largest country in Southeast Asia. Consists of more than 18,000 islands, Indonesia provides a beautiful views, cultures, and tourist resort. The capital of Indonesia and the largest city is Jakarta, located in Java Island. The Indonesian’s currency is rupiah. Indonesia is a republic country, and the government system is democracy Absolutely, Indonesia also have a lot of tribes with different languages and religion. Indonesia got the freedom from the Netherlands in 1942, and Japan in 1945.
In this section, it will discuss the opportunities and problems of Kuala Lumpur’s tourism development, and to introduce some ideas from the Kuala Lumpur Tourism Master Plan 2015-2025.
“Tourism sector plays key role in economic development.” Economics. Radio the Voice of Vietnam. 2004
When it comes to planning a holiday, Singapore is one of the prime destinations. According to a recent survey on the number of tourist visits, the figures were remarkable which showed Singapore attracts highest number of tourists from all over the world. Tourists love to visit Singapore because of potpourri of culture, architecture, night life and most importantly their mouth watering cuisines. Singapore is especially known as the Cultural melting pot, garden city, a blend of old-world and contemporary architecture. The city offers everything to everyone. Whether you have a thing for nature and love to spend hours in between the lush green forests and national park or you love to enjoy the vibrant culture of the city, you will get all kind
Tourism's economic benefits are advertised by the industry for a sum of reasons. The idea of tourism's economic significance gives the industry a much greater respect among the business municipal, public officials, and the public in general. This often translates into decisions to tourism.
Singapore is one of the most beautiful, fastest growing countries in the world and has many attractions for all ages, which makes it a perfect place for a family getaway or a honeymoon. With a motto like “onward Singapore” it’s hard to not to look at the innovations and ingenuity that Singapore has set forth. With many attractions one can keep themselves busy for a long time; with activities that range from viewing the city skyline to catching up on Singapore’s rich history, there is so much to do and so little time. With the abundance of activities and places to visit, the eccentric Singapore has more to offer other then the cultural and heritage aspect, it also has arts, entertainments, nightlife, nature, wildlife, sports, and leisurely cruises of the scenic Singapore. With Singapore’s rich history, fun attractions for all ages, and cultural and heritage aspect, it makes it a must-go destination when traveling around the world.
Tourism is the one of economic and social activities that increasingly vital. Number of travellers domestic and international is increasing. In fact, several countries in present world develop tourism sectors as primary sector which generate national income. According to Salah Wahab and Cooper (2003). Tourism is also sector which involves role that mutually link between government, private sector and also public.
In addition, after the 2011 Singapore general election, the government of Singapore has greatly changed its economic approach and it seems to be better for the economy of Singapore so far. On the other hand, measures have also been taken to cool down the property market which has constantly affected inflation rates, also tightened the foreign labour policies that constantly influence the labour market and unfold its impacts onto the Singapore’s economy as it comes back in one round. The unemployment rate in Singapore has been maintaining itself as being one of the lowest numbers in the world. The majority of Singapore’s labour force is well educated and highly skilled. Even primary education is a must for all citizens (Economywatch.com, 2010). In addition, for the year 2010, Singapore had the 8th largest current account balance in the world at US$49.454 billion. To conclude, Singapore has come so far from its sunken economy since independence in 1965 to become a booming and prosperous economy that it is
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,