LONDON, June 20 (Xinhua) -- China's travel and tourism sector is set to inject a record-breaking 12.62 trillion yuan (1.7 trillion U.S. dollars) into its economy by the end of this year, the chief executive of the World Travel & Tourism Council (WTTC) has said. "Travel and tourism ...
Employment in and wages paid by the tourist industry were below what is expected when compared to tourism's share of GDP.doi:10.1016/0160-7383(87)90069-7Rebecca M. SummaryElsevier LtdAnnals of Tourism ResearchSummary, R. M. (1987). Tourism's Contribution to the Economy of Kenya. Annals ...
The objective of this paper is to examine the contribution made by tourism sector through deriving multipliers in terms of output, income, employment, value added, and import for the Malaysian economy using input-output techniques. Normal and ratio multipliers were measured to demonstrate the ...
contribution to the economic growth, we will be considering a series of indicators, such as: the contribution of tourism incomes to the Gross Domestic Product (GDP), the capacity of tourism industry to create jobs, the dynamics of tourist product export and of the domestic demand, the ...
As the economic importance of the tourism industry is growing among the policymakers and researchers, the objective of this paper is to analyse the contribution of tourism to Greek's economic growth. We use a trivariate model of real gross domestic product (GDP), international tourist expenditure ...
C.A significant contribution to economyD.Distance and policy obstaclesE.Opportunities in existence with challengesF.Natural and cultural draw card76.___Tourism is considered as one of the fastest growing industries in Australia,which contributes significantly to the Australian economy.According to ATC ...
In the above context, the aim of this paper is to examine the Tourism- led Growth(TLG) Hypothesis in China as well as to evaluate the magnitude of tourism's contribution to economic growth. Based on a Chinese dataset, this paper employs econometric analysis that is considered rigorous in ...
Tourism Fiji Chief Executive Brent Hill said their target is to return the industry to pre-COVID levels in terms of its contribution to the economy. Fiji has received more than 119,000 international tourists since the island nation reopened its borders in December last year. Fiji received over...
Tourism contribution, to both the Gross World Product formation and global employment level, transforms it into one of the global economy's most important and dynamic components. Over time, technological changes have strongly influenced the development of this sector, permanently revolutionizing the way...
A survey by the World Travel and Tourism Council shows that tourism's contribution to the local economy and employment in 20 Asian countries and regions was higher than that of the global average in 2017. "The consumption of cross-border travelers not only brings direct income to locals but ...