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Essay heading: Tourism Economics
Essay specific features
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Social Issues |
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| Date added: |
March 10, 2001 |
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| No of pages / words: |
22 / 5966 |
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0 times |
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Essay content:
The World Bank estimates that 55 per cent of international tourism income leaves the destination country via foreign-owned airlines, hotels and tour operators, or payments for imported food, drink and supplies.
The supply of tourism products requires three types of imports, final goods and services or directly consumable items such as foreign liquor, cigarettes, film rolls, intermediate inputs or raw materials such as flour, meat, fuel and capital goods and services such as machinery and equipment, busses and coaches...
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Apart from importing goods and services, the industry hires expatriates from overseas countries. Expatriates are those employees hired from overseas for their expertise. They are contracted for a specific time frame and return to their home countries upon completion of their contracts. Both imports and hiring of expatriates result in financial leakage...
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