Page 96 - FUNDAMENTAL OF HOSPITALITY INDUSTRY
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Fundamentals of Hospitality Industry
THE IMPORTANCE OF TOURISM
INDUSTRY
IMPORTANCE
1. Economy
2. Employment (Job Opportunities)
3. Foreign Exchange Earnings
4. Quality of Life
5. Infrastructure Development
01 ECONOMY
Hospitality mostly generates revenue for
local economies directly when tourists visit
and spend money in hotels, restaurants, and
entertainment venues. It helps to boost the
economy indirectly because tourists
purchase retail goods, pharmacy items, and
locally made souvenirs and crafts. Hotels
are important globally as they provide
facilities such as recreation and
entertainment, meeting and conferences,
and business gathering. Hospitality is the
way for travelers to be provided with
accommodations, venues, meals, and drinks.
Spend money Generate revenue Economy growth
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