Question

In: Accounting

What benefits and costs does tourism bring to your area?

What benefits and costs does tourism bring to your area?

Solutions

Expert Solution

This is an excellent topic for class discussion. Tourism brings direct employment in hotels, restaurants, retail establishments and transportation. It supports ancillary industries and professions. The economic impact of tourism extends further as the money spent is recycled within the economy of the destination. The taxes levied on tourists using various facilities shift the taxation burden away from the locals. And finally, tourism also promotes any local production specialties and encourages exports.


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