Even though such aspects arise the question proves my hypothesis that the Howick Falls area is an economically viable Eco-Tourist destination because it brings in lots of tourists which results in economic development and the Howick Falls is a natural resort which makes it an Eco-Tourist s... ... middle of paper ... ...esults state that 40 people are employed from the formal businesses and approximately 14 from the informal businesses. This then means that more people earn more money and have better living conditions which then show us the economic development from the falls. Apart from that less people really on the government for income which reduces the burden on government meaning more money is spent on economic development. Lastly the seventh question shows us that only 2 businesses have experienced crime and burglary. This will then encourage more businesses to locate their business there which will bring in more tax and create more employment.
Since economic impacts are first on the list, I will start explaining this first. There are many economic impacts towards tourism. This can be proven by all the money the government collects through touristic industries, from hotel, restaurant, airport, sales, park entrance employee income tax and much more. In addition to this, tourists return to the country, so more and more money is received in the touristic industry. There is also the tourist multiplier effect, in which will increase the number of tourists due to other factors, and this can be seen as the tourist industry will help develop other industries in Thailand as well, which will all benefit tourists.
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. Through the increase of jobs and business, spending by visitors and locals becomes maximised expanding the capabilities of the market sector in the host community. Tourist consumption injects money into the regional economy creating a multiplier effect in the economy of the host community as the funds which have been collated by tourist and local consumption are consistently spent and re-spent by employers and employees. Therefore similarly to a life cycle this positive economy influence will heighten the desire and enthusiasm to host more
Section 3: Impacts Economic A growing interest for holidays abroad has provided Stockholm with an abundance of economic opportunities such as employment or alternative incomes. Tourism has economic impacts on Stockholm as international visitors spending money on Swedish merchandise and services ensures it delivers new cash into their domestic economy, enabling them to spend more money on more attractions or everyday facilities to raise levels of consumer spending. Tourism has helped economically by creating jobs for the people who live in Stockholm. A number of services creating opportunity for employment are: tourism services, museums, hotels, guesthouses, confectionary shops, fast food outlets, restaurants and many more. A major source for
Happy of the rich Recently, the most of countries have social problems. There is big gap between rich and poor. People want to earn a lot of money because it helps them have comfortable life and will become richer. As a matter of fact, the people who earns higher salary will feel more satisfied with their lives (Adams, 2013). They will have more positive feelings feel smarter and when people become richer (Carlson, 2013).
They experience huge profits during these occasions. A major share of the revenues comes in from these festival seasons . During the festival seasons on seeing the high demand they often raise their profit margins and in the way earn more out of the festive demand. The established brand names get an additional advantage. In addition to this, they try to get optimum advantage by marketing the products with advertisements that focus on emotional bonding of the festival seasons.
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.
As a former resident of Miami, the meaning of place will be explored from a personal view and from the view of my non high-income family. With more people of high income in the city, Miami’s money flow has also been affected. More money is being invested in tourism and people of higher income are making more investments in the city by buying property, cars, setting up their own business and hiring people to work for them. More marketing is being targeted at tourism and these people of high income, and less attention is being put into the lower class category of citizens. The increased job opportunities are attracting people from all over, and thus, leading to overpopulation.
Different cruise companies spend a lot of money on the modification of the products in order to enhance the number of customers. The underlying industry plays an important role in reducing the unemployment because it provides millions of jobs to the individuals. So that the underlying industry also helps in enhancing the economy of the country. In each and every year, the cruise industry has ordered different ships in order to serve the large number of passengers. The new ships have more value and are expensive more than the 20 billion dollars.
The Rise in Tourism The rise in tourism has occurred for many reasons.My first example is; over the past few years an increasing amount of people in More Economically Developed Countries (MED C'S) have much more time and money to spend. Because of this, more people in MED C'S can spend more time and money going on holiday. My second example is that transport has been made much more comfortable, cheaper and quicker to use which has made more people persuaded to travel, because lots of places in the world can now be reached easily. My third point is that Tourists might want to learn about new cultures and other, different life styles which might increase the amount of tourism. My fourth and final point is that most holidays come in "package holidays" or "family packs" which are usually much cheaper, which will persuaded more people to go on holiday.