THMACR1_UNIT-2.pdf

UNIT II. MACRO- PERSPECTIVE OF TOURISM AND HOSPITALITY  IMPORTANCE OF TOURISM Tourism has become one of the world’s major industries that provides the following potential benefits: Contribution to the balance of payments. Dispersion of development. Effect on general economic d...

UNIT II. MACRO- PERSPECTIVE OF TOURISM AND HOSPITALITY  IMPORTANCE OF TOURISM Tourism has become one of the world’s major industries that provides the following potential benefits: Contribution to the balance of payments. Dispersion of development. Effect on general economic development. Employment opportunities. Social benefits. Cultural enrichment. Educational Significance. CONTRIBUTION OF BALANCE PAYMENTS It examines the transaction of all the exports and imports of goods and services for a given period. It helps the government to analyse the potential of a particular industry export growth and formulate policy to support that growth. It examines the transaction of all the exports and imports of goods and services for a given period. It helps the government to analyse the potential of a particular industry export growth and formulate policy to support that growth. DISPERSION OF DEVELOPMENT Tourism and hospitality help in the dispersion of development by diversifying the economy, developing infrastructure, generating income, preserving culture, and promoting social integration. These factors collectively contribute to balanced and inclusive regional development. Dispersion refers to the range of distribution of data about an expected value.  GENERAL DEVELOPMENT ECONOMIC Economic Development is programs, policies or activities that seek to improve the economic well-being and quality of life for a community.  EMPLOYMENT OPPURTUNITIES The term "employment opportunity" describes the opportunities that employees have in their workplace for personal and professional development. It covers a range of topics, including chances for advancement, for growth, for difficulties, and for acknowledgment. SOCIAL BENEFITS CULTURAL ENRICHMENT Cultural Enrichment courses are concerned with the study of the social, intellectual, and artistic achievements of cultures; how they were produced; why they were produced; the influence of the context of the times on their production; and their consequences.  EDUCATIONAL SIGNIFICANCE Learning new skills, improving creativity and invention, gaining information and comprehension, honing critical thinking abilities, and more are all made possible by education. Education has significance because it prepares students for a bright future by providing them with the necessary knowledge.  WHAT IS HOSPITALITY? is derived from the Latin word “hospitare”, which means “to receive as a guest”. This phrase implies that a host is prepared to meet a guest’s basic requirements while the guest is away from home. ( food, beverage, lodging or shelter) several related words come from the same Latin root, including hospital, hospice, and hostel in each of these words, the principal meaning is host who receives, welcomes, and caters to the needs of people who are temporarily away from their homes