Here we are with essay Tourism brings economic and social prosperity describing about the role of tourism in economic growth of the developing countries by bringing social prosperity, employment and foreign currency. Read about essay on Tourism brings economic and social prosperity.
Essay on Tourism brings economic and social prosperity
Tourism is one of the most visible and fastest growing facets of globalization in developing countries grown by around 25 per cent in the past 10 years. Tourism accounts for around 10 per cent of the world’s economic activity and is one of the main generators of employment. It is one of the world’s most important industries and creates millions of jobs so it is rightly said that Tourism brings economic and social prosperity especially for developing countries. Tourism involves the export of non-traded local amenities, such as beaches, mountains or cultural amenities, and local services, such as hotels, restaurants and local transport making the whole activity more beneficial for local people of the place.
Tourism is one of the major source of foreign exchange. Every year thousands of foreigners come to India as a result of which we earn a lot of foreign exchange. Tourism helps in the development of economy of a country. It helps in the overall GDP development of a country. It helps the local people to earn their livelihood. The tourists spend lavishly during vacation hence the local people engaged in assisting the tourists earn a good income.
Tourism provides employment opportunity for local people. Tourism industry is growing very rapidly in India employing millions of people. Tourism has caused the growth of travel agencies and tour operators, establishment of hotels and guest houses, restaurants and eating houses, making of luxury coaches and vehicles, and introduction of super-luxury trains and airways. It has also encouraged the revival and modernization. Tourism raise many small-scale cottage industries whose artisans and craftsmen have now flooded the market with innumerable gift items and services. In its own way tourism is thus trying to solve a part of our vast unemployment problem.
Tourism Industry provides government huge tax revenues through the taxes levied on accommodation, restaurants and various forms of fees, etc. Taxes earn in exchange of these services help government to bring better facilities, like good roads, better connectivity, sanitation and lots more that attracts tourists again and again means prosperity and economic growth of the place.
Thus the tourism sector has become increasingly important industry to many developing countries as a source of revenue as well as a source of employment. Tourism also helps to gain Social sustainability, promotes social prosperity that leads to flourishing, thriving, good fortune and successful social status. Prosperity often encompasses wealth but also includes other factors which can be independent of wealth to varying degrees, such as happiness and health.