Tourism Produces Economic and Employment Benefit
By Eze Kingsley
In today’s world where the rate of unemployment is on the increase if adequate attention is given to tourism, this will help combat the epidemic of unemployment. Over the decades, tourism has experienced continued growth and deepening diversification to become one of the fastest growing economic sectors in the world.
The business volume of tourism equals or even surpasses that of oil exports, food products or automobiles; as such modern tourism is closely linked to development and encompasses growing number of new destinations. These dynamics have turned tourism into a key driver for socio-economic progress.
Taking stock on trending issues on international commerce tourism has become one of the major players and represents at the same time one of the main income sources for many developing countries.
Global spread of tourism in industrialized countries has produced economic and employment benefits in many related sectors – from construction to agriculture or telecommunications. the quality of revenues invested in tourism determines the tourism well-being of any given society.