Importance Of Tourism Industry

Tourism is a social phenomenon if all the societies are considered. Social, religious and business interests of the people motivated them to move from one place to another. This is basically for the new inexperienced practices, adventures, education and entertainment. A lot of factors have contributed to this movement of the people like development in the educational sectors, peoples thirst for acquiring more information about the world, advancement in the communication system as a result of drastic change in the information and communication technologies, improvement in the air transportation and improvement in the tourism infrastructure facilities. The World Tourism Organization (UNWTO) states that the tourism sector has become “one of the

So tourism leads to the overall development of the economy. Tourism helps to earn a permanent return from trade by specialising the production of a specific tourism product which they are having comparative advantage. As a result we can see higher marginal factor productivity in the tourism sector. Tourism sector also use modern and innovative technology, techniques and highly skilled labour. This big business is quick, cheap and easy. So the investment in this sector is increased nowadays. More investment in the sector definitely lead to higher profit and finally to the rapid economic growth spill over. As a result, newly emerging economies like Caribbean are highly depending upon the tourism industry, because it is highly sensitive to the economic activity than others and the fundamental components are sun, sea, smile and culture. Thus tourism is professed as a fast track to economic development because tourism development entails less investment than other industries, is an of use way for creating employment opportunities especially in the informal sectors for migrants and expatriate labour, it increase local income and is based on family ownership with the scale of

(Holloway, J. Christopher, 1985: 223)

 It have role in the national integration and cultural and natural environment preservation. Also adds to the continued existence of the arts forms, crafts and culture

 The spill over of the tourism sector into the rest of the economy is a positive externality and may lead to higher productivity in the economy as a whole and serve as a catalyst for growth in other sectors (Feder, 1982: 59- 73).

Thus the tourism development provides a balanced development of the economy as a magic pentagon. The five points of the pentagon are: economic health, optimum satisfaction of guest requirements, healthy culture, unspoilt nature/ protection of resources and subjective well-being (Muller, 1994). The aim is to expand tourism by which no one point in the pentagon outweighs.so we can say that tourism become an instrument for sustainable human development by incorporating poverty alleviation, environmental regeneration ,Job creation and advancement of women and other disadvantaged