10 Questions
What are some ways tourism can bring money into a destination?
Employment, currency exchange, imports, and taxes
What are some reasons for the recent global increase in tourism numbers?
Improvements in technology, increases in disposable income, growth of budget airlines, and consumer desires to travel further
Who are important players in the overall success of the tourism industry?
Independent, franchised, or multinational investors
What do many businesses and individuals do to help fund their initial ventures in the tourism industry?
Take out loans
What is one of the reasons why investing in tourism is considered big business?
Tourism brings huge economic potential and money into a destination
Tourism brings with it huge economic potential for a destination that wishes to develop their tourism industry.
There are a number of reasons for this growth including improvements in technology, increases in disposable income, the growth of budget airlines and consumer desires to travel further, to new destinations and more often.
There are a number of independent, franchised or multinational investors who play an important role in the industry.
Many businesses and individuals will take out loans to help fund their initial ventures.
So, investing in tourism is big business, that much is clear.
Test your knowledge of the economic impact of tourism with this quiz. Explore the various ways in which tourism contributes to a destination's economy, from creating employment opportunities to generating currency exchange and taxes. See how tourism numbers have been on the rise globally and learn about the reasons behind this trend.
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