The Competitiveness Report on Travel & Tourism measures and analyzes the factors of competitiveness of the tourism industry of the world's economies. Its main objective is to provide a useful tool for governments and business leaders to overcome barriers to industry competitiveness to take full advantage of sectoral growth. The report includes an analysis of the Travel & Tourism Competitiveness Index (TTCI), which aims to measure the factors and policies that make it attractive to sector development in 136 industrial and emerging economies. It also includes a variety of reports on the key issues of the tourism industry, developed by prominent figures in the field. Greece is found in the 24th place among 136 countries, …show more content…
Spain, France and Germany rank among the top places with the most attractive environment for the development of the travel and tourism industry, with the rest top ten being Japan, United Kingdom, United States, Australia, Italy, Canada and Switzerland (Table 13). From other neighboring countries of Greece, Portugal occupies 14th position, Croatia 32nd, Malta 36th, Montenegro 36th, Turkey 44th, Cyprus 52nd and Bulgaria 45th. Despite the recent difficulties, the tourism and travel industry is widely recognized as a critical sector on a global scale, which provides significant opportunities for economic growth. A growing national tourism sector contributes to employment, increases national income and improves government balance sheet. From the above data and compared to the corresponding tourist figures of the previous two World Economic Forum reports, tourism in Greece continues to be an important factor of economic growth, despite the small fluctuations of the economic figures over …show more content…
The top 5 markets in 2016 are made up of the following countries: U.K (3, 3 million), Germany (2, 9 million), Italy (1, 6 million), France (1 million) and Russia (819 thousand). The Netherlands is now ranked 6th (745 thousand), Poland ranks 7th (728 thousand), while Cyprus (726 thousand) ranks 8th. In 9th place is Switzerland (642 thousand) and in 10th Sweden (568 thousand) (Table 14). For 2017, the Germans, the French and the British are the main protagonists in the significant increase in revenue and arrivals of over 10% recorded by Greek tourism in the January-October 2017 period compared to the corresponding period in 2016. The figures originated by countries such as Japan and Canada remain extremely low, while countries from the former USSR remain practically untapped. On the contrary, in Turkey the countries of the former USSR are the second largest source of
· Travel and tourism is a major industry in this country and is at the
Tourism, in many developed countries, has reached a point of maturity where resorts which flouris...
Being aware that the tourism industry will continue to grow in the coming years, it is of particular importance that both the Maltese Island and also the United Kingdom continues to investigate this sector whilst trying to adapt effective policies. Investigating the targeted markets, the industry’s pitfalls, the contribution within the country’s economy whilst sustaining the environment should be the primary goals that every destination must to consider within the tourism policy.
The travel and tourism is one of the leading job creators in the world recently. The tourism industry hires about 98 million people directly, signifying over 3% of all employment. If indirect and induced impacts are included in the tourism industry, it contributes to around one in eleven jobs worldwide. Over the last two decades for example, Travel and Tourism has played a more and more important role in the economic development of many countries especially less-developed ones. Increased travel across the globe has been driven by growth in greater amounts of leisure time; improved and highly accessible transportation systems; real incomes and including supply chains; highly effective communication systems that enable marketing and a important number of the new tourism services. The more visitors go to destination, the more restaurants, hotels and additional tourism services are needed and the more jobs in Travel and Tourism are created to stimulate the economy of a specific country. For example, in 2011, India and China were responsible for about 48% of Travel and Tourism jobs worldwide, compared with 43% a...
It seems in recent years the tourism industry has grown rapidly bringing a lot of strengths to the sector. First of all in 2004 the world tourism revenue rose 10% to a record 622 billion dollars according to the world tourism organisation. The United States had the most revenue from tourism as their receipts rose 16% to $75 billion, followed by Spain with $45.2 billion and then in third France with $40.8 billion. Tourist arrivals rose globally by 11% to US760 million, the fastest rate of growth for some twenty years. (Bloomberg News, 2005)
Tourism is the fastest growing industry and the fastest growing of it is ecotourism. According to the world travel and tourism council, tourism is the world’s largest industry generating 12% of the global gross domestic product. It has been trying to determine tourism due to amorphous nature of the activity and because some business travelers and convection goers can join conferences and tourism class activities.
source of revenue for New Zealand through visitors and local tourists major contribution to the host destination economy. It is an important foreign exchange earner which grants the most income, jobs and growth as we depend on it .The report " The State of the Tourism Industry "produced by the Tourism Industry Association New Zealand and Lincoln University, appears in Tourism 2025, the New Zealand Strategic plan . The report asserts that the Tourism Industry of New Zealand is in a better position to benefit of growth opportunities and its report records a year of strong and continued growth, marked by a return to strong international
Brau, R., Lanza, A. and Pigliaru, F. (2003). How fast are the tourism countries growing? The cross-country evidence, CRENoS Centre Ricerche Economiche Nord Sud Working Paper, No. 03/09, 1- 34.
Tourism plays a big part of the economy for many countries in the world. Tourism is also said to be the world’s largest service sector industry . According to a research by the World Travel and Tourism Council (WTTC), the travel and tourism industry was twice the size of the automotive manufacturing industry in terms of the world’s combined gross domestic product (GDP) in 2011. In terms of employment, the travel and tourism industry is only second to education, employing around 98 million in 2011. This would only mean that tourism is a major contributor to global economic development, helps in creating jobs and also generates wealth. It is no wonder that countries around the world are building up tourism infrastructures to provide greater convenience to tourists and putting in more effort to attract tourists to their country. There are however many factors affecting tourism and this essay will be discussing how political stability affects tourist numbers in three countries around the world. The three countries that will be discussed are Greece, France, and Thailand.
Tourism is the third biggest industry after petrol and car industries. It is of great importance for the UK economy too. By constituting almost 9 % of GDP, it employed more than 2.6 million UK citizens and one of every 12 workplaces was somehow depending on tourism. In 2010 more than 29 million tourists visited UK which spent about 17 billion with all benefits for the economic from this (UNWTB, 2012). It is therefore necessary for every in the industry to be aware of all external factors that potentially affect their performance or productivity.
The economy can be clearly identified as the most beneficial aspect of tourism. “According to recent statistics, tourism provides about 10% of the world’s income and employs almost one tenth of the world’s workforce” (Mirbabayev, 2007). In Australia alone, Tourism contributed $87.3 billion in 2012, and employed 908,434 (7.9%) people (Kookana & Duc Pham, 2013). Tourism is “one of the most profitable and rapidly developing industries in the world” (Popushoi, 2004). Every year the number of tourists increase dramatically and consequently the revenues from tourism will increase substantially.
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,
According to the statistics by Batir Mirbabyer (1991), tourism provided almost 10% of the world’s income and employed almost one tenth of the world’s workforce. Thus, tourism offers a good potential economic impact to the national economy. Refer on Berita Harian (2013), Malaysia triggered a record of arrivals tourists was 15.9%. It is over 6.4 million tourists in the
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.
In the more economically developed countries (MEDCs), synonymous mainly with the industrialised countries of the northern hemisphere there, has been an explosion in the growth of leisure and tourism industry, which is now believed to be the worlds second largest industry in terms of money generated. In order to differentiate between leisure and tourism it should be recognised that leisure often involves activities enjoyed during an individual’s free time, whereas tourism commonly refers to organised touring undertaken on a commercial basis. Development in the two areas could be attributed to changing patterns in working lives within the last four decades. Generally, people now have more disposable wealth, work shorter hours, receive longer, paid annual leave, retire earlier and have greater personal mobility. In addition, according to Marshall & Wood (1995), the growth of the tourist industry per se can be associated, in part, with the concentration of capital; the emergence of diversified leisure based companies, sometimes within wider corporate conglomerates and often associated with particular airlines. Furthermore, the development of tourism can generate employment both directly, in jobs created in the hotels, restaurants etc, and indirectly, through expenditure on goods and services in the local area. Nevertheless, although the tourist industry is competitive, which essentially keeps down the cost of foreign travel, the success of tourism in any one area can be ‘influenced by weather, changing consumer tastes, demographics, economic cycles, government policy, not to mention international terrorism and other forms of conflict.’(1) Although such factors may have a detrimental affect on the economy of a popular tourist destination (or even tourism in general, in light of September 11th 2001), the consequence of tourism in general is often three fold: environmental, social and cultural, which in turn has prompted a search for new ‘friendly’ approaches that are less destructive.