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Sample Article Review Paper on Tourism as a Tool for Economic Development

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Sample Article Review Paper on Tourism as a Tool for Economic Development

Introduction

Tourism themes covered in the Article “Tourism unlimited” by Kochattil Suresh

Tourism involves travelling to new places for adventure, vacation, research as well as fun purposes. Some of the beautiful tourist destinations include features such as beaches, beautiful forests, wildlife animals, beautiful landscapes, snow as well as mountain peaks. Ideally, tourism involves myriad demand and supply factors including measurement of tourism demand, fluctuations and uncertainties in tourism industry, price elasticity, as well as expenditures (European Communities, 2000). Various political, social and economic factors have also come into play. Below are some of the demand and supply factors evident in the tourism industry:

Demand factors affecting the tourism industry
Exchange rates

Exchange rates have been a major and significant variable in the tourism industry (Kochattil, 2005). Attempts have been made in past in bid to improve the exchange rate to include the application of ‘value-for-money’ concept in minimizing tourism cost items and comparison of various purchase of items.

Job creation and wages

The tourism industry has helped in the creation of employment opportunities especially in the employment of chauffeurs, tour guides and translators to work in the tourist destinations such as restaurants and holiday resorts.

Growth in the economy

Funds raised from the tourism industry are used in the construction of development projects, such roads, provision social amenities, schools, supply of water, electricity etcetera. The direct and indirect taxes paid by tourists boost a country’s GDP hence improving the economy.

 

Supply/pull factors affecting the tourism industry

Supply in the tourism industry entails availing resources to the target market in order to meet the demand of the tourism sector. Some of the significant supply factors in the tourist sector include:

  • Economic
  • Political
  • Geographical
  • Technological
  • Social factors including changes in attitudes and preferences
  • Marketing, communication, promotion as well as improvement destination image

Utilization of resources incurs costs and efforts to reduce the costs are indispensable. Efficient supply of tourist amenities is necessary while still providing easy access of tourist facilities.

 

 

 

 

 

 

 

 

 

 

 

 

 

References

European Communities. (2000). Towards quality coastal tourism. Integrated quality management (IQM) of coastal tourist destinations. Luxemburg: Office for Official Publications of the European Communities, 156 pp.

Kochattil, S. (Nov 1 2005). “Tourism unlimited.” Economic Times. Web. 8 Feb 2015. 

 

 

 

 

 

 

 

 

 

 

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