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  • The Economic Impact of Tourism Expenditures

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    Lazaga Raven
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    This document is an assignment from Polytechnic University of the Philippines Paranaque City Campus for a Week 3 Economics of Tourism and Hospitality task. The assignment asks the student to assume the role of a tourist traveling to a domestic or international destination. They must create a multiplier effect showing their expenditures and explain how it will impact the local economy. The document provides an example multiplier effect and explanation. It outlines how a tourist's initial expenditures at a travel agency on transportation, accommodation and tours will be respent by the agency on employee wages, supplies, and maintenance. This in turn leads to further spending as employees use their wages on personal and family expenses.

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    Economics of Tourism and Hospitality

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    This document is an assignment from Polytechnic University of the Philippines Paranaque City Campus for a Week 3 Economics of Tourism and Hospitality task. The assignment asks the student to assume the role of a tourist traveling to a domestic or international destination. They must create a multiplier effect showing their expenditures and explain how it will impact the local economy. The document provides an example multiplier effect and explanation. It outlines how a tourist's initial expenditures at a travel agency on transportation, accommodation and tours will be respent by the agency on employee wages, supplies, and maintenance. This in turn leads to further spending as employees use their wages on personal and family expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views3 pages

    The Economic Impact of Tourism Expenditures

    Uploaded by

    Lazaga Raven
    This document is an assignment from Polytechnic University of the Philippines Paranaque City Campus for a Week 3 Economics of Tourism and Hospitality task. The assignment asks the student to assume the role of a tourist traveling to a domestic or international destination. They must create a multiplier effect showing their expenditures and explain how it will impact the local economy. The document provides an example multiplier effect and explanation. It outlines how a tourist's initial expenditures at a travel agency on transportation, accommodation and tours will be respent by the agency on employee wages, supplies, and maintenance. This in turn leads to further spending as employees use their wages on personal and family expenses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Republic of the Philippines

    POLYTECHNIC UNIVERSITY OF THE PHILIPPINES


    PARAÑAQUE CITY CAMPUS
    Col. E. de Leon St., Wawa, Sto. Nino, Paranaque City

    Week 3- Task. Economics of Tourism and Hospitality

    Name: __Raven Lazaga__________________________________


    Year and Section: __1st year BSHM 1-2__________________________________
    Date: __12/03/2021__________________________________

    1. In this assessment, assume that you are a tourist travelling on your chosen destination

    (domestic or international). Create a multiplier effect that shows your expenditures.

    Provide two or three paragraphs that explains how you spend your money and how it will

    help the economy of the host country.

    SCORING: To obtain all possible points for this assignment, your submission must

    include complete and substantive answers to all the points listed above. Your

    assessment will be graded according to the following rubric.

    Criteria Possible Standard for Full Credit Points


    Points Awarded
    Correctness of 10 Includes the detailed entries of
    entries of expenditures in multiplier effect.
    expenditures

    Clarity of 5 The student explains the


    explanation of multiplier effect with clarity.
    the multiplier
    effect
    Explain the 5 Explain well how the
    effect of expenditures contribute to the
    expenditure on economy of the host country.
    the host country
    Writing 5 The writing is logical and clear,
    Mechanism uses proper grammar and
    correct spelling.
    Total Points 25 Comments: /25

    Col. E. De Leon St. Wawa, Brgy. Sto. Niño, Paranaque City 1700
    Direct Line: 553-8623
    Website: www.pup.edu.ph | Email: paranaque@pup.edu.ph

    THE COUNTRY’S 1st POLYTECHNICU


    Republic of the Philippines
    POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
    PARAÑAQUE CITY CAMPUS
    Col. E. de Leon St., Wawa, Sto. Nino, Paranaque City

    The tourist will first arrive at the travel agency using transportation. Upon arriving at the

    travel agency, the tourist will inquire about any vacation or travel packages. The agency will now

    offer services that include transportation, accommodation, and tours depending on the travel

    package chosen by the tourist. Under tour is the tour guide that will guide and help the tourist

    cope and know the destination's culture, including the handicrafts made by locals. The other one

    is for the accommodation; this includes the hotel, lodging inn, or motel. It is now where the

    tourist will stay for the rest of their vacation. The hotel will now offer the customer food that is

    included in the package.

    On the other hand, upon the tourist's arrival, the company will now increase its income.

    The income will be used for the employees' wages, for purchasing goods like raw materials,

    foods, necessities, tools and equipment, and maintenance of the service cars, the rooms of the

    hotel, and the equipment. Under the employees' wages are its personal needs and wants like

    savings, hygiene things, other activities like eating and traveling, maintenance for the car and

    house, and the family, which includes the bills, family necessities, tuition fees, and other needs.

    Col. E. De Leon St. Wawa, Brgy. Sto. Niño, Paranaque City 1700
    Direct Line: 553-8623
    Website: www.pup.edu.ph | Email: paranaque@pup.edu.ph

    THE COUNTRY’S 1st POLYTECHNICU


    Republic of the Philippines
    POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
    PARAÑAQUE CITY CAMPUS
    Col. E. de Leon St., Wawa, Sto. Nino, Paranaque City

    Prepared by:

    MILA JOY J. MARTINEZ, MSHRM


    Head, Student Affairs and Services
    mjjmartinez@pup.edu.ph

    Col. E. De Leon St. Wawa, Brgy. Sto. Niño, Paranaque City 1700
    Direct Line: 553-8623
    Website: www.pup.edu.ph | Email: paranaque@pup.edu.ph

    THE COUNTRY’S 1st POLYTECHNICU

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