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.


Related Solutions

What benefits do undocumented workers bring to the state economy? What costs do they bring? Do...
What benefits do undocumented workers bring to the state economy? What costs do they bring? Do you believe they are a net economic gain or drain for the state?
Why is software engineering important? What benefits does it bring and what are the consequences of...
Why is software engineering important? What benefits does it bring and what are the consequences of not following an accepted methodology?
Does political evolution bring benefits to society? Why or why not?
Does political evolution bring benefits to society? Why or why not?
What are two benefits of using Mobile Application Management (MAM) for organizations that allow Bring Your...
What are two benefits of using Mobile Application Management (MAM) for organizations that allow Bring Your Own Device (BYOD)
how is the carrying capacity of an area related to the development of tourism? what are...
how is the carrying capacity of an area related to the development of tourism? what are the steps that must be considered for environmental planning process?
What are the benefits of Tourism Development in destinations experiencing a decline in economies.
What are the benefits of Tourism Development in destinations experiencing a decline in economies.
Define activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to a company?...
Define activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to a company? Explain at least two benefits. What are the disadvantages of implementing an ABC system? List and explain at least two. Would the proposed changes make ABC a universally applicable costing method in your opinion? Why or why not? Elaborate your response.
What do you see as the costs and benefits of globalization? What challenges does that pose...
What do you see as the costs and benefits of globalization? What challenges does that pose to political institutions?
How does medical tourism relate to cost, access, quality? What are the implications of medical tourism...
How does medical tourism relate to cost, access, quality? What are the implications of medical tourism from a market justice perspective? From a social justice perspective? Should medical tourism (between states) be used within the U.S. to improve cost, access, and/or quality? Why or why not?
What role does tourism play in urban growth?
What role does tourism play in urban growth?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT