HFT 1000 EXAM 1 Inbound tourism tourism of non resident visitors within the economic territory of the country of economic territory of the country of reference Outbound tourism tourism of resident visitors outside the economic territory of the country of reference Tourism as a service industry sector 1 Dependency on human resources 2 High employee turnover rate 3 Product fluctuation in quality The Tourism Chain 1 Trip preparation anticipation 2 Journey from home travel to 3 Stay and activates on site experience 4 5 Recollections memories Journey home travel from The tourism chain is described as 1 Interconnecting 2 Different phases 3 Different activates 4 Different players The tourism industry 1 Provides governments with substantial tax revenues 2 Stimulates enormous investment 3 One of the world s most important sources of employment 4 Most of which also helps to improve the living conditions of local residents 1 of every 9 Americans is employed either directly or indirectly because of people traveling to and within the United States The tourism industry represents the largest industry when international and domestic tourism are taken together Both in terms of income dollar volume and people employed David Scowsill President and CEO World travel tourism council wttc Wttc reports that the tourism industry generates 10 years 1 6 trillion sales worldwide 2 9 31 of global gdp 3 258 million jobs 4 Industry investment estimated at us 652 billion A generator of economic growth Industry investment forecasted us 1 5 trillion by 2021 1 2 4 2 sales growth every year in the next 10 years and as a result 1 65 million new jobs to be created 2 1 in 10 jobs is related to the tourism industry The tourism industry is so big because it comprises the activates supporting travel outside their usual environment WTO 1993 World Tourism Organization defines tourists as people who Travel to and stay in places outside their usual environment for than twenty four 24 hours For leisure business and other purposes not related to the exercise of an activity remunerated For not more than one consecutive year from within the place visited Common components of tourism definitions 1 Voluntary movement 2 Beyond the traveler s every day surroundings 3 Some form of experiential growth 4 Returning back home within a year What is international tourism International tourism visitor movement or travel across sovereign national borders 1 2 Over 800 million international tourist arrivals were recorded per year wto 3 It is the world s largest export earner and an important factor in the balance of payments for most nations 4 The fastest growing economic sector in terms of foreign exchange earnings and job creation International tourism opportunity Intercultural awareness and personal friendships to improve international understanding and contribute to peace among all nations Poverty elimination in developing countries o Tourism jobs and business in developing countries create economic opportunities International Tourism Opportunities It is an attractive form of economic development It creates a wide variety of jobs It brings money into a community or country It can create a greater cultural understanding The Tohoku Pacific earthquake and tsunami struck japan on 11 march It was the most devastating one to hit japan since the Kobe earthquake of 1995 Can be expected to have significant short term economic and travel demand impacts The economic impact of tohoku earthquake and tsunami contributes 4 to the Japanese GDP reduction The major damages to electricity production facilities including nuclear plants are likely to have significant wider effects An initial surge in Japanese outbound travel may be observed as some Tokyo and other regional residents flee potential radiation Likely this will benefit Asian definitions A new report by the World Tourism Organization UNWTO and the World Travel Tourism Council WTTC shows that visa facilitation could create up to 2 6 million new jobs in the Asia Pacific Economic Cooperation APEC economies by 2016 21 of expected international tourists arriving into APEC over the period 2014 2016 would still be required to obtain a traditional visa prior to travel under current visa policies Facilitating visas for these tourists could create as much as 2 6 million additional jobs in the APEC economies by 2016 and an additional US 89 billion in international tourism receipts generated by 57 million more tourists visiting APEC destinations 6 4 trillion of goods travel by air that s 35 of all world trade by value 3 5 of the global economy relies on aviation Aviation will cut its net carbon emissions 50 by 2050 compared to 2005 There is one accident for every 5 million flights on western built jet aircraft US Tourism Industry in 2007 Accounting for 740 billion expenditures 110 billion in local state and federal taxes 7 5 million jobs A powerful economic generator in all 50 states US Tourism Industry impact in 2010 Travel is among the top 10 industries in 48 states and D C in terms of employment o 7 4 million jobs are directly generated by travel o 186 2 billion in wages shared by American workers directly employed by travel o 2 7 of nations gross domestic product attributed to travel and tourism o No 1 Where travel ranks among services export industries o 99 5 of travel industry firms with 500 or fewer employees o 1 9 billion of person trips that Americans took for business and leisure purposes Person trip one person on a trip away from home overnight in paid accommodations or on a day or overnight trip to places 50 miles or more one way away from home Direct spending on leisure travel by domestic and international travelers Totaled 489 7 billion in 2009 Spending on leisure travel generate 77 3 billion in tax revenue 3 out of 4 domestic trips taken are for leisure purposes 77 2009 US residents logged 1 5 billion person trips for leisure purposes Top leisure travel activates for U S domestic travelers o Visiting relatives o Shopping o Visiting friends o Rural sightseeing o beaches Percentage of US adults traveling for leisure on the decline Direct spending on business travel by domestic and international travelers including expenditures on meetings events and incentive programs ME I 2009 total 214 7 ME I travel accounted for 84 7 billion of all business travel spending US residents logged 432 million person trips for business purposes 2009 with more than one third 35 for meetings and events Percentage of
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