What are effects of tourism industry on a country’s economy?
In the recent years, tourism industry has grown exponentially due to the fact that it has a number of effects on the economic growth. Some people, however, say that it does not help the country to be developed. In this essay, I am to explore why I absolutely disagree with their opinion for several reasons.
First of all, the nations that a lot of tourist attractions are located are able to make a huge profit from visitors. This is because people spending much money on the local food or souvenirs are a major income source. It is shown in an article on a sightseeing country that tourism industry has accounted for almost 90% of her GDP which is the total value of goods and services produced within a country in a year. If the economically impoverished nations such as Philippines or Thailand do not have tourist spots, they will get poorer. Therefore, tourist business is one of the most important factors contributing to the economic development.
In addition, local people can have a job created from tourism. It would help the country’s local economy. To be specific, the opportunity of working as a guide for foreigners or selling trinket on the beach would be given to natives by many local companies. The reason why this is very significant in the nation is that it generates extra tax revenues, such as airport and hotel taxes, which can be used for housing, hospitals and schools. Consequently, employment leads to economic growth.
In conclusion, I strongly believe that tourism industry is beneficial for both tourist attraction and local people which play a leading role in growing national economy.