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It touches and impacts several industries directly and many more indirectly through tourism spend.Tourism is one of the important sources of employment generation and foreign exchange earnings for a country.Let us now look at what tourism industry is and how it plays such an important role.
We want to understand the reasons and factors which actually make tourism important.
For this we need to understand tourism definition & meaning, and its structure.
It is travelling for some purpose and for stay which is not very long or permanent in nature.
Tourism becomes an activity which builds the base for the wide scale consumption bringing far reaching benefits.
It is an activity, it is an industry and an important growth driver for a country, its economy and also for its social progress and monitoring.
Tourism no doubt brings with it tremendous economic value for a country.
Why every country looks at tourism not just as attracting tourists but as a platform which supports economic growth and complete development.
Why it is now gaining recognition and importance as an indicator towards and a barometer of not just growth & development but also social-economic factors.
It is the nature, meaning & composition that makes tourism important and brings all its benefits and advantages.
This understanding only will build the basis to know and understand economic value & importance of tourism.