It is one of the good thing when it comes to tourism because it means that other foreigners from different countries are going to be investing in your country and is going to help to revive the economy.
Economic Impacts of Tourism
- Thread starter Starmix
- Start date
It is one of the good thing when it comes to tourism because it means that other foreigners from different countries are going to be investing in your country and is going to help to revive the economy.
Tourism has potentiality in generating revenues to government. But it is just a pity that vin Nigeria, our natural resources are allowed to be waste. They varev are not developed at all. People prefer visiting artificial tourist centres in another countries rather than the natural ones here. You hardly found any tourists during national holidays here.
Tourism is an important sector in my country's economy. The sector contributes significantly to the Gross Domestic Product of this country. Accordingly, the government invests heavily in tourism in a bid to ensure that the sector remains vibrant and competitive.
- Thread starter
- #25
Foreigners may invest or not but their entries alone make money. They pay entry tax in the immigration likewise exit tax. When they go to places they like, they buy, thus adding revenues to store owners or to hotels where they stay during their tour. It's economy boosting.
There would be a massive boost in patronage of goods and services with the influx of people into tourist destinations. The country would benefit from higher tax revenue and the businesses would benefit from increased demand.
Tourism centers have economic impart in the sense that apart from providing revenues to the government, it also provide employments opportunity to the people in the areas. It would also open up the communities to vthe rest of the world.
- Thread starter
- #28
That is right, tourism also helps employ some qualified citizens. There are many good things to happen when tourism functions back after the pandemic. The economy of our country was affected much during the surge of the coronavirus.
In any country, the supply chain of the tourism industry is very broad. Given that many people earn a living from this industry, it has an immense impact on the economy of a country. Whenever there is a slump in the tourism industry, many citizens suffer economic hardships.
The government and Ministries in Nigeria are the biggest setbacks the country is having because whatever they are doing has never been to help the common citizens to have a better life.
Tourism plays an important role in a country's economy. It generates a lot or revenues. Restaurants, retail shops, hotels, all benefit from tourism. This is the reason why countries are making efforts to promote tourism.
Countries that have invested much funds in tourism earn so much from it. It provides a good medium for earning foreign exchange for the economy. And there is massive potential for all countries to develop the tourism sector.
Actually tourism has a very great impact on the economy of a country and that is why I love the government of the Philippines as they work hard towards protecting those sights of attraction and the country which draws the attention of tourist to the country.
- Thread starter
- #35
Agree with your contention about the impact of tourism on our country. Our government will be happy because those tourists bring money to the people, paying their entry and exit taxes and paying everything during their stay.
The level of revenues generation from tourism is massive. It's why governments put much effort in setting seeing the sector boom.
There are many countries that depend a lot on tourism. For example, Egypt is a wonderful place and many people visit Egypt in order to see pyramids and other historical sites.
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- #38
Yes, that is true, in my country alone, the government is anused with the coming of tourists from different countries, I will get the data as to what countries that keep on coming back and forth to the Philippines. There are also many foreigners here meeting their future wives and loves met on the web
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- #40
That is good to hear from you. Tourism is very helpful. It improves our economic conditions. The government in my country, for example, is so thankful to the tourists coming to the Philippines every day, thus making the PH economy and its people experience happy.
