Tourism management, forum
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EconImpactofTourism.pptxEconomic Impact of Tourism
Three Major Goals of Tourism(Goeldner’s text Ch-14)
Maximize psychological experience for tourists
Maximize profits for firms providing goods and services to tourists
Maximize direct (primary) and indirect (secondary) impacts of tourist expenditures on a community or region
These goals are often compatible but in certain situations can be incompatible.
Constraints Faced in Tourism Goal Attainment
Demand
Supply of attractive resources
Technical and environmental constraints
Time constraints
Indivisibilities
Legal constraints
Self-imposed constraints
Lack of knowledge
Limits on supportive resources
Economic Multipliers
Direct Effect
Result from visitors spending money in tourist enterprises and providing a living for the owners and managers and creating jobs for employees
Indirect Effect
The multiplier impact: visitor spending circulates and recirculates
Employment Multiplier
Income Multiplier
The Power of Travel
