STANDARD OF LIVING

Tourism boosts the revenue of the economy, creates thousands of jobs, develops the
infrastructures of a country, and plants a sense of cultural exchange between foreigners and
citizens.

contributing 9.8% of global GDP and represents 7% of the world's total exports

Employment
Tourism also plays an important role in eradicating the unemployment. It created many
jobs specifically in hotel industry, hospitality ind

ustry, service sector, entertainment, transportation industry etc.

Well to start with, tourists bring foreign capital with them and use it in the local economy,
for example in local shops hotels etc. With an increase in visitor numbers, this creates jobs,
not just in the tourism sector, but using the multiplier effect, in other sectors as well. For
example, local farmers will benefit from an increased income as hotels buy more of their
products.

Increased government -tax revenues and personal income

Tourism is one of the most developed industries in the world. Tourism makes a major contributions to
the economy. Tourism is a source of income for the country’s budget, but however it is very sensitive to
tax. Tourism, both for goods and services, should contribute to revenue growth and will be a source of
revenue for public services, investment, and infrastructure. Tourists generally pay for good and quality
services offered to them..

For this purpose a part of the tourism tax revenues should be used for increasing and improving
human and physical capital, for training, investment etc

Improved transportation infrastructure, including airports, railroads, and

highways.
Taxes are the primary source of revenue for most governments. Among other things, this
money is spent to improve and maintain public infrastructure, including the roads we travel on,
and fund public services, such as schools, emergency services, and welfare programs

Foreign Exchange
Tourism is an essential source of foreign exchange earnings. Increased foreign exchange results in an increased interest in
tourists to venture
abroad, increase their expenditure, and positively affect the length of their stay and vice versa. This loop creates a significant
impact on the economy.