Tourism

Tourism:

Tourism is a collection of activities, services and industries that delivers a travel experience, including transportation, accommodations, eating and drinking establishments, retail shops, entertainment businesses, activity facilities and other hospitality services provided for individuals or groups traveling away from home. Tourism is now one of the world’s largest industries and one of its fastest growing economic sectors in Bangladesh. For many countries tourism is seen as a main instrument for regional development, as it stimulates new economic activities. Tourism may have a positive economic impact on the balance of payments, on employment, on gross national income, production and other sectors.

Economic Impacts of Tourism:

1. Positive Economic Impacts

The main economic impacts of tourism relate to foreign exchange earnings, contributions to government revenues, generation of employment and income, and stimulation to regional development. The first two effects take place at the macro or national level, whereas the other three occur at sub-national levels. These effects are interrelated, but for analytical purposes it useful to separate them. Before examining these impacts it should be noted that, with the exception of earning foreign exchange, the other economic benefits can also be gained from domestic tourism activity.

The tourism industry requires a series of inputs that are varied in nature. It automatically opens up a wide range of economic activities in different professions and different areas. For example, establishment of a hotel in certain areas calls for a regular supply of many items, as a result of which economic activities for the production and supply of those items automatically grow. The wide variety of choices of visiting tourists also calls for a variety of supplies from different areas thus creating a chain of economic activities. The tourism industry is potentially a major source of foreign exchange, which can contribute...