StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Discuss the effect of tourism on the United Kingdoms economy - Essay Example

Comments (0) Cite this document
Summary
One frequently hears allegations that tourism supports a certain number of jobs in the area or event has made Y million dollars in income or sales in a community…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.9% of users find it useful
Discuss the effect of tourism on the United Kingdoms economy
Read Text Preview

Extract of sample "Discuss the effect of tourism on the United Kingdoms economy"

Download file to see previous pages Support from the community is a very important element in tourism this it is an activity that entirely affects the community. Costs and benefits of tourism reach almost everyone in one way or another. Analysis of economic impact offers concrete estimates of the economic interdependencies and a better insight on the role and importance of tourism in a country’s economic development
Tourism activities also entail economic costs, which involve government spending on infrastructure so as to improve services to tourists, direct costs incurred by tourism businesses, together with the cost of congestion and other related costs barred by individuals in the society.
Even though the European and the UK economy have not been performing as compared to bother parts of the world since the end of global financial recession, the impact of tourism to the economy has relatively risen in the recent times. From the first instance, the question of the importance and effects of tourism to the economy seems as if it is straightforward to answer. Several researches have been carried out as GB Tourism survey, GB Day visit survey and the International Passenger survey to ascertain the impacts of tourism on a country’s economy.
According to the World Travel and Tourism Council (WTTC), there has been a growth of economic importance of tourism to UK economy since 2012. Tourism industry comprises of 9% of the GDP and generates millions of job opportunities in the country. The industry performed better than other notable industries like retail, financial services and manufacturing. With such ability to create employment opportunities and resilience in demand, the significance of tourism as a tool for job creation and economic development is very clear since it contributed over 12% of all the jobs that were created in 2012. Reduction in punitive levels of taxes and an introduction of less restrictive visa regimes has also boosted the industry, therefore, contributing to ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss the effect of tourism on the United Kingdoms economy Essay”, n.d.)
Retrieved from https://studentshare.org/tourism/1634874-discuss-the-effect-of-tourism-on-the-united-kingdoms-economy
(Discuss the Effect of Tourism on the United Kingdoms Economy Essay)
https://studentshare.org/tourism/1634874-discuss-the-effect-of-tourism-on-the-united-kingdoms-economy.
“Discuss the Effect of Tourism on the United Kingdoms Economy Essay”, n.d. https://studentshare.org/tourism/1634874-discuss-the-effect-of-tourism-on-the-united-kingdoms-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discuss the effect of tourism on the United Kingdoms economy

Tourism and Economy

...? Tourism and economy are inter-related; one is dependent on another. This is true for any economy. The recent economic recession has impacted the global tourism sector and Australia too has not escaped the impact of the recession. Domestic tourism is important to the Australian economy as it contributed $33 billion in GDP in 2004/05 and the domestic households contributing 63% of total tourism consumption (Tourism Research Australia, 2007). However, domestic travel has been on the decline not just in Australia but the same trend persists in other countries such as the UK and New Zealand. Travel agents associate the decline in domestic tourism to the growth in the low-cost carriers (LCC) and also forecast that carriers such as Tiger...
5 Pages (1250 words) Essay

Tourism and the Economy

What are the strategies important for the development of tourism industry? What are the factors that may influence the growth tourism industry? Literature review Economic importance of tourism industry According to UNWTO (1) “In 2011, international tourism receipts exceeded US$ 1 trillion for the first time, up from US$ 928 billion in 2010.” Tourism industry as a growing service sector is diversified and includes hotels, airlines and other transportation, resorts, parks, shopping malls, motels and entertainment venues. It could be observed from the World Tourism Barometer furnished by UNWTO (2), that the growth of tourism industry in BRIC countries has been phenomenal during the year 2011 with Brazil at 29.5% (Rank from 18 to 12)...
6 Pages (1500 words) Research Paper

Discuss the effect of tourism on Portsmouth's Economy

... in the regular French markets and an annual Christmas market. The large shopping areas in Portsmouth include the Ocean Retail Park on the North-Eastern side of Portsmouth. There are large shopping areas which incorporate tourists in large sections and also provide attractive facilities to the tourists. Effect of tourism on Portsmouth’s Economy The city of Portsmouth witnessed a high number of 638000 staying trips made by the tourists in 2010. This shows the huge volume of tourism in the city of Portsmouth out of which 547000 trips were made by the domestic tourists of Portsmouth and 91000 staying trips were by the overseas tourists. The increasing number of tourists in the city of Portsmouth could be attributed to the major attractions...
6 Pages (1500 words) Essay

Tourism and Economy of UK

By now, the benefits that tourism brings to any country are plainly incontrovertible. But tourism has its own downsides or drawbacks. It is a volatile and mercurial national undertaking. It is subject to so many factors and influences that may slow down its growth or even send it to the doldrums. Effects of global warming, such as floods, frequent typhoons, hailstorms, tsunamis and other calamities discourage vacationers and affect the tourism industry. So do absence of peace and order, civil wars, religious fanaticism, epidemic outbreaks, “political instability, currency fluctuations, changes in fashion and changes in the economy” (Nagle 1999,p.5). Speaking of the economy, economic factors can drastically reverse the growth...
17 Pages (4250 words) Essay

Economy of United Kingdom

... for the largest proportion of GDP while industry continues to decline in importance. GDP growth slipped in 2001-03 as the global downturn, the high value of the pound, and the bursting of the "new economy" bubble hurt manufacturing and exports. Output recovered in 2004, to 3.2% growth, then slowed to 1.7% in 2005 and 2.7% in 2006. " (Exxun.com, 2007) The Economy of the United Kingdom can be classified as the "capitalist" economy. The most prominent characteristic of the capitalist economy is the control of few people on a large amount of Capital. These people are also responsible for taking important economic decisions. With the changing international circumstances the Governments of the world including United Kingdom felt the need...
6 Pages (1500 words) Case Study

United Kingdoms Welfare System

..."We cannot afford to provide welfare for a population that continues to live longer and longer" Introduction The United Kingdom's welfare system that is currently implemented had began after the World War II and lived onto the next thirty years. However, just like most countries at that time, UK had been through serious economic problems. However, unlike any other European Union nations, the United Kingdom is said to be different in such a way that Margaret Thatcher and the Conservative Party after 1979 had left a considerable imprint on the British welfare system. Thatcher and the Conservative Party had made a tremendous impact in the political party in the United Kingdom making it more unique than the other UE nations. (Faher, n.d...
8 Pages (2000 words) Essay

KIngdoms

... of the The plant and the Animal Kingdom Based on the biological definition, kingdom refers to a taxonomic rank or division. There are two major kingdoms, which are, the plants kingdom and animal’s kingdom. According to Bold (144) the distinguishing characteristics between the plants and animals kingdom include; the plants are able to make their own food through the photosynthesis process while animals cannot make their own food, and this implies that they depend on plants or other animals for their food. Many animals can move from one place to another in search for food, better place to live or find mates while plants are immobile hence, cannot move from one place to another. Moreover, the life cycle of most plants involves an alternation...
2 Pages (500 words) Essay

Leadership Styles in United Kingdoms Industries

The style further requires no tangible initiatives (Ledlow and Coppola 2013, p. 73). Transformational leadership, however, identifies simulations, could be suitable for industries with technical applications, and associated change target not only followers but also the organizations (Ricketson 2008, p. 18; Lussier and Achua 2009, p. 354). Transactional leaders are however going getters who inspire followers towards set targets (Bertocci 2009, p. 48). The approach has such factors as rewards and punishment and may not be suitable for sensitive industries that also focus on quality rather than quantity (Daenzer 2009, p. 40). The health care industry is an example in which the style may lead to mistakes that may threaten lives from r...
8 Pages (2000 words) Research Proposal

The United Kingdoms Welfare System

...We cannot afford to provide welfare for a population that continues to live longer and longer” Introduction The United Kingdom’s welfare system that is currently implemented had began after the World War II and lived onto the next thirty years. However, just like most countries at that time, UK had been through serious economic problems. However, unlike any other European Union nations, the United Kingdom is said to be different in such a way that Margaret Thatcher and the Conservative Party after 1979 had left a considerable imprint on the British welfare system. Thatcher and the Conservative Party had made a tremendous impact in the political party in the United Kingdom making it more unique than the other UE nations. (Faher, n.d...
10 Pages (2500 words) Case Study

The Effects of Tourism on the United Kingdoms Economy

... economy. These effects are both positive and negative. Discussion In the United Kingdom tourism has been the catalyst for economic growth (Page, 2011). With 29.2 million people visiting the United Kingdom in 2011, the nation is ranked as globe’s eighth largest tourist destination (WTTC, 2013). Foreign tourists spent over US$17.2 in the United Kingdom during that same period. The nation’s major tourist destinations are situated in London. The city plays host to the Tower of London which is the single most attraction that is mostly visited in the whole nation (VisitBritain, 2009). Positive effects The data by VisitBritain indicate that America remains the most-valuable inbound market, since the American visitors spent an estimated £2.1...
9 Pages (2250 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Discuss the effect of tourism on the United Kingdoms economy for FREE!

Contact Us