Tuesday, 3 February 2015

Tourism industry can support socio-economic progress in developing countries

Tourism is one of the world industries not affected by crisis. According to the latest UNWTO World Tourism Barometer, international tourist arrivals reached 1,138 million in 2014, a 4.7% increase over the previous year. For 2015, UNWTO forecasts international tourism to grow by 3% to 4%, further contributing to the global economic recovery.


Over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world. ‎Modern tourism is closely linked to development and encompasses a growing number ‎of new destinations. These dynamics have turned tourism into a key driver for socio-‎economic progress.‎ Today, the business volume of tourism equals or even surpasses that of oil exports, ‎food products or automobiles. Tourism has become one of the major players in ‎international commerce, and represents at the same time one of the main income ‎sources for many developing countries. This growth goes hand in hand with an ‎increasing diversification and competition among destinations.‎ This global spread of tourism in industrialised and developed states has produced ‎economic and employment benefits in many related sectors - from construction to ‎agriculture or telecommunications (excerpt from UNWTO).‎ 



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