Economic impacts(Growth in income)

Growth in tourism means growth in income for individuals and for a country
For example,the fishermen on Pamilacan island in the Philippines.The local companies hired the fishermen to take international and domestic tourists on boat to look for and swim with whale sharks and dolphins.They are usually paid between US$80 to US$100 per boat for their services
With a high demand for their service form tourists,the fishermen can expect additional income apart from their fishing livelihood
Tour companies will also experience increase in revenue,hence overall increase in revenue for the country
Tourism receipts from tourist spending also generates large revenues for many countries
In 2011,worldwide tourism receipts exceeded US$1 trillion
The revenue generated from tourism does not always remain in the country where tourists spend their money because tourism receipts is lost as a leakage,especially in LDCs
Leakage occurs when revenue earned from tourism is paid to other countries for the imports of goods and services needed to meet the needs of tourists
For example,travellers may fly to Phuket on a non-local airline,stay ina foreign-owned hotel etc
Money spent by tourists will contribute to paying for these imported items
Profits made by hotels,rental companies and fast food restaurants are then sen to another country
Money spent by a tourist may not stay in the local economy and may bring few benefits to local business and workers

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Secondary 4 Express Pure Geography Tourism Gateway 3