Tourism today is an important income source for many countries

Published on : Tuesday, October 2, 2018

global tourismTourism is an important income source for many countries, and it accounts for 30 per cent of the world’s trade of services, and 6 per cent of overall exports of goods and services.

 
Today, tourism affects the economy of both the source and host countries, and is of vital importance.

 
Tourism brings in large amounts of income into a local economy in the form of payment for goods and services needed by tourists. Tourism creates opportunities for employment in the service sector of the economy associated with tourism.

 
The service industries which benefit from tourism include transportation services like airlines, cruise ships, and taxicabs; hospitality services like accommodations, including hotels, restaurants, resorts, and vacation homes and entertainment venues like amusement parks, casinos, shopping malls, music venues and theatres. This is in addition to goods bought by tourists, including souvenirs, clothing and other supplies through retailers and shopping arcades.

 
In 2017, foreign tourist arrival in India stood at 10.177 million, going to 12 million in 2018.
The numbers of foreign tourist arrivals in February this year were 1.05 million as compared to 849,000 lakh in February 2016.

 
The Government of India has set a target of 20 million foreign tourist arrivals by 2020 and double the foreign exchange earnings too.

 

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