What is economic cost in tourism?
What is economic cost in tourism? Economic Costs Tourism development of infrastructure (airports, roads, etc.) can cost the local government a great deal of money. May inflate property values and prices of goods and services.
What are the economic benefits of tourism?
It creates jobs, strengthens the local economy, contributes to local infrastructure development and can help to conserve the natural environment and cultural assets and traditions, and to reduce poverty and inequality.
What are the negative economic impacts of tourism?
Economic leakage in tourism is one of the major negative economic impacts of tourism. This is when money spent does not remain in the country but ends up elsewhere; therefore limiting the economic benefits of tourism to the host destination.
What factors affect tourism?
Some show immediate effect while, there are also factors which affect in the long run.
- Environment at Destination. ...
- Economy of the Country. ...
- Historical or Cultural Importance of Destination. ...
- Research Importance of Destination. ...
- Religious Importance of Destination. ...
- Technology.