Tourism also links indirectly with other sectors such as horticulture, agriculture, poultry, handicrafts and construction activities. c) Boost foreign trade: Tourism is rising as one of the major force in global business. It boost foreign trade and leads to increase in the foreign exchange. It is also one of the largest export industry in the world. The impact of tourism on the economic growth is constantly rising due to increasingly growing size of the tourist market.
Tourism leads to the creation of job opportunity, improvement in the level of development and infrastructural expense. Developed and developing countries where tourism activities are more pronounced is likely to rise due to a high level of employment. According to other studies by Sharma, the levels of benefits obtained in the two categories of countries vary (Dowling, 2006). The related opportunities and the positive impacts associated with tourism have persuaded cruise industry to increase their expenditures in order to boost the local economy. Opportunities presented by venturing into cruising are believed by many communities to be a way of solving economic problems.
In cities like Las Vegas that thrive on the tourist traffic from other states and from all over the world. This flux in spending would help out the local economy and increase jobs and cut down on foreclosures and just maybe get this city back to the way it was five years ago. If the surge in spend would help the economy in Las Vegas it would help in all other travel cities across the world and all in all lowering the foreclosure rate in the united states.
Event tourism is proving to be one of the most efficient ways to promote economic development in a region. Through the developing of event tourism, host communities are commonly able to establish themselves in the tourism market industry. This promotion through events can lead to a number of positive impacts which include attracting large numbers of visitors for recurring and extended stays who generally would not normally visit the specific area. This in turn can stimulate the local hospitality and tourism industries through an increase in marketing and an overall increase in business. Once businesses begin to grow this can result in a large number of jobs created for the host community, this can be through the hospitality and sector but more importantly through the construction sector where a majority of jobs are found.
Figure (2): International tourist arrivals and international tourism receipts in Yemen from 1995 – 2014. Tourism is a rapidly growing international industry, considered by many authors to be an effective tool to accelerate economic growth (Dritsakis, 2004; Durbarry, 2004), and in this study we try to represent the importance of tourism sector as the important source for national balance and its active role in development achievement with in contribute in surplus exchange and created job opportunities. In addition this study will show the tourism potential in Yemen and show how the government interested in this
It is the business that has grown faster in Spain, due to its expand by almost all over the world offering original products with an intermediate price always keeping the latest trends. 1.1 MOTIVATION TO INTERNATIONALIZE Bimba & Lola is an international franchise chain, which continue its growth plan. This expansion suppose opening up markets more profitable and giving the possibility to increase the new ideas using innovative products. (Hollensen, 2007). Its ambitious international expansion plan, along with its many opening shops in the domestic market, has boosted the company to a high economic growth.
A third possible way for a city to develop is through expanding the city’s economy. Foroohar (2006) asserted that budding economies help the city to grow fast. For instance, 55 cities in China, 12 cities in Indonesia, and 10 cities in India are of the top 150 swiftly-expanding cities, they expand with the aid of the expanding economy in the city (Foroohar, 2006). Moreover, Arnold (2010) reported that trading and making business with foreigners is crucial for the city’s economy that promotes the city’s growth. Arnold continues by saying that’ “Legislative issues need to be addressed because they bring down funding costs and increase the absorptive capacity of the economy.’” (Shaher as cited in Arnold, 2010).
Development is occurring along the coast of Morocco in particular. This will draw real estate investors looking to gain exposure to the tourism and property markets. While it is positive that investment money is flowing into the country, much of the profits being made are escaping Morocco because foreign hotels are sending the earnings home to their country of origin. Due to the recent increase in tourism, foreign airlines are increasing the number of routes into the country. In addition to the real estate investments, there are other factors contributing to the influx of money entering Morocco.
Tokyo is one of a successful and richest city and it is one of the reasons why people move there to start their own business and development, knowing through the previous success in the city there is a huge possibility that the migrated ones can also be successful in this megacity. With all the job op... ... middle of paper ... ...igh standard and appealing. As you can now see, Tokyo is one of the worlds most popular and successful cities of the world today. It is the place people most often go to start businesses, get jobs, or overall make a living. Its source of entertainment also has much to do with what has impacted on the cities growth in population over the past years.
In conclusion, the current macroeconomic situation in the United States is characterized by moderate growth because of better economic conditions that were brought by the events of 2013. The country has experienced moderate economic growth since the 2008 global recession but has shown real signs of momentum. While the country is not concerned about recession or inflation, the rate of unemployment is still a major challenge despite improved consumer and business confidence. As a result, the Federal Open Market Committee or Federal Reserve System needs to adopt fiscal and monetary policy initiatives that help address the unemployment issue and promote high economic growth.