I.

COURSE TITLE: MACRO PERSPECTIVE ON TOURISM AND HOSPITALITY

II. MODULE TITLE: WORLD TOURISM INDUSTRY AND ECONOMY
III. MODULE NO: 8
INTRODUCTION
• World Tourism is an industry
booming all over the world. The
scenario of the World tourism
industry is always in the state of
flood, ever changing and dynamic in
many ways. It is also assumed that
the GDP by world industry will also
increase. Nut because of the
pandemic COVID 19 all industries
experience the negative status.
Everything failed and still continue to
evolve and adopt to the new normal.
 World Tourism Industry and Economy

The Travel and Tourism Satellite Account or the TTSA is an institution that accounts all contribution
of the travel and tourism industry of different countries. TTSA is an important tool to determine
the economics in detail.
Philippine Tourism Satellite Accounts
• Tourism Investments is 10.7 percent of the Country’s Total Fixed Assets; Government Spending o
n Tourism is 3.8 percent of Total Expenditures
• The Philippine Statistics Authority (PSA) releases for the first time two new and additional
indicators covering the period 2012 to 2019 on its annual compilation of the Philippine Tourism
Satellite Accounts. These indicators namely: (1) the tourism gross fixed capital formation; (2) and
the tourism collective consumption are part of the prescribed indicators elaborated in the 2008
Tourism Satellite Accounts: Recommended Methodological Framework (TSA:RMF) of the United
Nations Statistics Division (UNSD), an international guide in compiling the TSA for countries.
• Read moreabout
Tourism Investments is 10.7 percent of the Country’s Total Fixed Assets; Government Spending o
n Tourism is 3.8 percent of Total Expenditures
 
Share of Tourism to GDP is 12.7 percent in 2019

• In 2019, the contribution of Tourism Direct Gross Value Added (TDGVA) to the
Philippine economy as measured by the Gross Domestic Product (GDP) is
estimated at 12.7 percent.
Read more about Share of Tourism to GDP is 12.7 percent in 2019
• Average Contribution of Tourism to GDP is 7.4 percent from 2000 to 2018
• The Philippine Tourism Satellite Accounts (PTSA) was revised following the
Overall Revision and Rebasing (ORR) of the Philippine System of National
Accounts. The PTSA revised series spans the period 2000 to 2018.
• The average share of tourism to GDP is 7.4 percent during the period.
Read moreabout
Average Contribution of Tourism to GDP is 7.4 percent from 2000 to 2018
 Contribution of Tourism to the Philippine Economy
is 12.7 percent in 2018

• As measured by the share of Tourism

Direct Gross Value Added (TDGVA) to the
Gross Domestic Product (GDP), the
contribution of tourism industries to the
Philippine economy was estimated at 12.7
percent in 2018. TDGVA serves as the
indicator to measure the value added of
different industries in relation to tourism
activities of both inbound and domestic
visitors in the country. The TDGVA
amounted to PhP 2.2 trillion in 2018,
higher by 14.3 percent compared to
previous year’s record of PhP 1.9 trillion.
Contribution of Tourism to the Economy is 12.2 Percent in 2017

• In 2017, the tourism industries contributed

12.2 percent to the economy (Figure 1). It
is measured by the share of Tourism Direct
Gross Value Added (TDGVA) to the Gross
Domestic Product (GDP). The TDGVA
amounted to PhP 1,929.3 billion at current
prices in 2017. This is higher by 24.2
percent than the previous year’s record of
PhP 1,553.7 billion. The TDGVA is
estimated using the benchmark 2012
Input-Output (I-O) table. The latest results
of the Philippine Tourism Satellite Accounts
(PTSA) provide information on tourism
expenditure and employment.
 Average industry growth 2015–2020: 0.3%
• The Global Tourism industry is expected to
increase at an annualized rate of 0.2% to $1.5
trillion over the five years to 2020. Global
tourism has performed well during the five-year
period, with emerging economies continuing to
stimulate growth. Moreover, countries in Asia
and South America have experienced robust
growth in per capita income, which has enabled
consumers in these regions to take overseas trips
in increasing numbers. However, due to the
global spread of COVID-19 (coronavirus) in 2020,
industry revenue is expected to decline 8.9%
over the year. The global outbreak is expected to
have an enormous effect on all tourism-related
industries as many countries suspend
international travel and limit the number of
domestic flights.
• Number of International Tourist
Arrivals Worldwide (1996-2017)
 The First World, Second World and
Third World

Four Worlds
• After WWII world splits into two geopolitical
blocs and sphere of influence with contrary views
on government and religious beliefs.
• The bloc of democratic industrial countries within
the American influence sphere or the “first
world”
• The eastern bloc or the communist socialist
republic or the “second world”
• The remaining three quarters of the world
population, these are the states not aligned with
either bloc or “the third world”.
• The term fourth world refers to the unknown
nations or indigenous people. Capitalist industrial
 First World Countries
First world refers to so called developed, capitalist,
industrial countries, a bloc of countries aligned with
America after WWII.
• List of Countries of the first world
• Member states of NATO. The term also includes
other industrialized countries such as Japan and
some former British colonies particularly Australia,
new Zealand and South Africa.
• The term first world can also mean industrialized
nation, developed countries, civilized world, in
contrast with poor, under developed, uncivilized.
• US aligned states Israel, Japan and South Korea .
• Former British colony Australia and New Zealand
• Neutral and more or less industrialized country
Austria, Switzerland Ireland and Sweden
 Top ten First World Countries in terms of their Human
Development
• HDI or Human development Index is
published annually by UN.
• Three basic dimensions of human
development:
• Long and healthy life-measured by
life expectancy at birth
• Knowledge-measured by adult
literacy rate and combined primary
and secondary and tertiary gross
enrollment ratio.
• The decent standard of living-GDP
 Top 10 First World Countries in terms of Press Freedom for the
year 2020

• Norway
• Finland
• Denmark
• Sweden
• Netherlands
• Jamaica
• Costa Rica
• Switzerland
• New Zealand
• Portugal
• 
• The third world are used to
describe the developing countries
of Africa, Asia and Latin America.
The third world includes the well
capitalist and communist
countries. There are 50 countries
listed under the United Nations
comparative analysis of poverty
(34 African countries, 10 Asian
countries, 5 Pacific island nations
and 1 Caribbean nation).
 The Third World
• When people talk about the poorest or
underdeveloped countries of the world, they
often refer to them with the general
term Third World, and they think everybody
knows what they are talking about. But when
you ask them if there is a Third World, what
about a Second or a First World, you almost
always get an evasive answer. Other people
even try to use the terms as a ranking scheme
for the state of development of countries, with
the First World on top, followed by the Second
World and so on, that's perfect - nonsense.

To close the gap of information, you will find

here explanations of the terms.
 The First World Country
• The country that has a highly
developed infrastructure,
economy, life expectancy,
literacy, standard of living,
education, population and
happiness, healthcare and
childwelfare is considered to
be ranked as a highly
developed country and is
included in the list of first
world countries.
• List of First World Country
Sweden Japan
Germany HK
Liechtenstein UK
Ireland South Korea
Canada Israel
New Zealand France
USA Austria
Netherlands Slovenia
Norway Luxembourg
Australia Singapore
Belgium Denmark
Iceland
 25 Richest Countries in 2020
• 14. Saudi Arabia
• 1 Qatar
• 15. Netherlands
• 2. Macao
• 16. Denmark
• 3. Singapore
• 4. Brunei • 17. Sweden
• 5. Kuwait • 18. Germany
• 6. Bermuda • 19. Austria
• 7. United Arab Emirates • 20. Canada
• 8. Norway • 21. Australia
• 9. Luxembourg
• 22. Belgium
• 10. Hong Kong
• 23. Bahrain
• 11. Switzerland
• 12. United States • 24. Finland
• 13. Ireland • 25. France