Tourism industry contributes a great part in the economy of any county. Globalization has been a boom for the tourism industry . Tourism is important economically , socially , politically , culturally and educationally .
About Tourism :
Tourism involves the short term movement of people to destinations outside the places where they normally live and work. It also involves the activities of people, referred to as tourists or visitors, during their visit to these destinations and the facilities and services patronized during their stay.
These tourists or visitors spend money earned in their places of residence at their home country. This money, termed foreign exchange in the visited destination, is used for balance of payment in other countries. Foreign exchange enables countries to purchase the goods and services needed to stimulate their economies, thus generating wealth and employment in the destination.
Tourism can be domestic or international, and international tourism has both incoming and outgoing implications on a country’s balance of payments. Today, tourism is a major source of income for many countries, and affects the economy of both the source and host countries, in some cases being of vital importance .
About Tourism Industry:
As the primary engine of growth for the nation?s economy, the tourism industry is a vital, dynamic and evolving industry. With a mature tourism infrastructure supporting approximately 1.5 million stopover visitors and 3.5 million cruise visitors per annum, and a progressive service industry, tourism has become the largest driver of the economic activity in The Bahamas.
The tourism industry in India is substantial and vibrant, and the country is fast becoming a major global destination. India’s travel and tourism industry is one of them most profitable industries in the country, and also credited with contributing a substantial amount of foreign exchange. This is illustrated by the fact that during 2006, four million tourists visited India and spent US $8.9 billion.
Tourist arrivals are projected to increase by over 22% per year through till 2010, with a 33% increase in foreign exchange earnings recorded in 2004.
Kerala in India is famous worldwide for its tourist deTheretions . There are various kinds of tourism in India .
Now people sitting miles away could check out any destinantion and plan their whole vacations online as every sort of information is available online due to the tourism industry .
Advantages of Tourism :
Tourism provides foreign exchange (US dollars) which allows the government to pay bills such as:
1) Importation of goods and food
2) Foreign debt.
Foreign exchange also enables:
1) The Indian Rupee to stay on par with the US dollar.
2) Indians to go shopping abroad to buy goods and send their children to school abroad, as long as the US dollar is available and floating easily in the Indian economy.
3) Government to pay the thousands of persons employed as public servants their monthly salaries.
4) Government to have money to do road works, school construction and all other infrastructural activity.
Statistics of Travel and Tourism Industry :
7.6 trillion USD was the contribution by industry in 2016 .
2.33 trillion USD was the earning from all hotels , travel , entertainment , transportation and other attractions around .
Market size of online domestic air segment is set to jump from $2.7 billion in 2015 to an estimated $6 billion by 2021 .
Net revenue of international tourism reached 1.26 trillion USD in 2015.
Largest expenditure was done by Dubai visitors more than 31.3 billion USD.
WTTC) World Travel and Tourism Council is the global organization that binds the global leaders in Travel and Tourism industry and enable them to discuss with government and international bodies.
Online booking of domestic hotels which is set to explode: from $1. Billion in 2015 to $10.1 billion in 2021.
Tourism industry saw an exponential growth of international tourist from 529 million in FY 2005 to 1.2 billion in 2015. 2 billion is the estimate by 2030.
20 best destinations for tourism :
2. Innsbruck , Austria
3. Krabi , Thailand
4. Coburg , Germany
5. Budapest , Hungary
6. Halong Bay , Vietnam
7. Sapphire Coast , Australia
8. Novi Sad , Serbia
9. Sardegna , Italy
10. Iceland , Europe
11. Pune , Maharashtra
12. Vienna , Austria
13. Hong Kong , China
14. Dubai , United Arab Emirates
16. Paris , France
17. Bangkok , Thailand
18. London, UK
19. Rome, Greece
20. Bali, Indonesia
20 travel and tourism companies :
2. I.S. USA
3. Gant Travel Management
4. Uniglobe Travel Partners
5. Click Travels
6. Worldwide Travel
7. ATG Travel
8. Ovation Travel Group
9. Adelman Travel Group
10. Direct Travel
11. AAA Travel
12. Expedia Inc.
13. BCD Travel
15. The Appointment Group
16. Travel Planners International
17. Fox World Travel
18. Montrose Travel
19. Professional Travel
20. Travelocity India
10 Travel and Tourism companies in India :
1. Travel Guru
3. Balaji Tours & Travels
4. Cox & King Ltd.
5. SOTC Tours And Travels
6. ITS Travels and Tours
7. Heena Int. Tours & Travels
9. Make My Trip