macro economic factors affecting tourism industry
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The document discusses various macro-economic factors that affect tourism in India, including growth in tourist arrivals from 16,000 in 1951 to over 2.6 million in 2000, making tourism the second largest foreign exchange earner after clothing and gems. It notes that about 9.2% of India's GDP in 2018 came from tourism according to the WTTC. The macro-economic factors mentioned as influencing tourism are inflation, taxes, government policies, foreign direct investment, population, income and expenditure levels, GDP, and geopolitical conditions.
macro economic factors affecting tourism industry
- 1. MACRO ECONOMICS FACTORS AFFECTING TOURISM
- 2. Growth of Tourism in India The tourist arrivals increased from an insignificant of 16.8 thousand in 1951 to 2.6million in 2000. tourism has become the second largest foreign exchange earner next only to garments if gems and jewellery. As per the WTTC (World Travel and Tourism Council), about 9.2 percentage of Indias GDP in the year 2018 came from Tourism.
- 5. Government Policies FDI Macro Economic Factors
- 6. o Population Macro Economic Factors o Income - Expenditure
- 7. o GDP o Geo-Political factors Macro Economic Factors
- 8. Thankyou