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International Journal of Trend in Scientific Research and International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101

3.1. DEFINING THE ECONOMIC CONTRIBUTION OF TRAVEL & TOURISDEFINING THE ECONOMIC CONTRIBUTION OF TRAVEL & TOURISMM
One of the important economic activitiesactivities in most countries around the world is Travel & Tourism., The industry in most countries around the world is Travel & Tourism., The industry
h
has significant direct economic as well as indirect and induced impact. The following diagram shows the has significant direct economic as well as indirect and induced impact. The following diagram shows the as significant direct economic as well as indirect and induced impact. The following diagram shows the
economic contribution of travel & tourismeconomic contribution of travel & tourism.

Source: https://www.wttc.org/--/media/files/reports/economic-impact-research/countriesresearch/countries-2018
excludes multi-use consumer durables as they are not use consumer durables as they are not
purchased only for tourism purposes. urchased only for tourism purposes.
Direct contribution to GDP p
GDP generated by industries that deal directly with GDP generated by industries that deal directly with
tourists, including hotels, travel agents, airlines and tourists, including hotels, travel agents, airlines and Government individual spending Government individual spending
other passenger transport services, as well as other passenger transport services, as well as It is expenditure by the governmIt is expenditure by the government on Travel &
accommodation services, food and beverages accommodation services, food and beverages Tourism services directly provided to visitors, such as Tourism services directly provided to visitors, such as
services, retail trade and cultural sports and services, retail trade and cultural sports and cultural services (eg museums) or recreational cultural services (eg museums) or recreational
recreational services that deal directly with tourists. It l services that deal directly with tourists. It services (eg national parks).
is equal to total internal Travel & Tourism is equal to total internal Travel & Tourism spending,
within a country deducted by the purchases made by within a country deducted by the purchases made by Internal tourism consumption Internal tourism consumption
those industries (including imports). I It is the total revenue generated within a country from t is the total revenue generated within a country from
visitor exports, domestic spending and government estic spending and government
i
Direct spending impacts individual spending by industries that deal directly ndividual spending by industries that deal directly
VISITOR EXPORTS It includes expenditureVISITOR EXPORTS It includes expenditure within with tourists. It excludes spending abroad by with tourists. It excludes spending abroad by
the country by foreign tourists for both business and the country by foreign tourists for both business and residents.
leisure trips, spending on transport, but does not leisure trips, spending on transport, but does not
include international spending on education. include international spending on education. Business travel & tourism spending usiness travel & tourism spending
B
I It is expenditure on business travel within a country t is expenditure on business travel within a country
Domestic travel & tourism spending by residents and foreign visitors.visitors.
It is spending within a country by that country’s It is spending within a country by that country’s
residents for both business and leisure trips. It residents for both business and leisure trips. It Leisure travel & tourism spending travel & tourism spending

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