The Benefits Of Tourism

The tourism business is a significant supporting pillar of the Hong Kong economy. It contributed a sum of 22.0% to Hong Kong's GDP in 2014 (Turner). The administration keeps on building up an extensive variety of differentiated vacation spots during that time to improve Hong Kong as a top of the line vacationer goal. A portion of the attractions comprise of The Ocean Park, Hong Kong Disneyland and Ngong Ping 360 (Tourism Commission, 2010). Having these attractions, it will support Hong Kong economy and expand upon their existing status. The benefits and costs of the tourism is explicitly analyzed in this essay.

Tourism forces immediate costs on the host nations. Such cost is utilized to give products and ventures to vacationer and tourism

It also provides jobs for the locals. Stimulate sectors in hotels, bars, transport, shops, and restaurants. Tourism can also provide much-needed employment for people. It raises the profile of the place generally. Moreover, tourism gives the locality a chance to show itself off. It can provide an incentive for investment in infrastructure such as roads and rail networks, as well as funding local medical and education facilities. In addition, It can provide economic incentives for a place to preserve, regenerate, and provide upkeep in their urban and wildlife areas. Visitors promote international links, which can provide more business and cultural connections in the medium in the long

Archer, B. H. 1984. "Economic impact: Misleading multiplier." Annals of Tourism Research 11(3): 517- 518.

Brucker, S. M., Hastings, S. W., & Latham, W. R. III (1987) Regional input-output analysis: A comparison of five ready made model systems. Review of Regional Studies, 17:2.

Bull, Adrian. 1995. The economics of travel and tourism. 2nd edition. Melbourne, Australia: Longman.

Burchell, R.W. and Listokin, D. 1978. The fiscal impact handbook. New Brunswick, N.J.: Center for Urban

Policy Research.

Crandall, Louise. 1994. The social impact of tourism on developing regions and its measurement. In. Travel,

Tourism and Hospitality Research, second edition. J.R. Brent Ritchie and Charles R. Goeldner (eds). New

York: John Wiley and Sons Inc.

Crompton, J. L. 1993. "Economic impact ana lysis: Myths and misapplication." Trends 30(4): 9-14.

Frechtling, Douglas C. 1994. Assessing the economic impacts of travel and tourism – Introduction to travel economic impact estimation. In. Travel, Tourism and Hospitality Research, second edition. J.R. Brent Ritchie and Charles R. Goeldner (eds). New York: John Wiley and Sons Inc.