The Tourism Industry

Paper Summary:

This paper explains that the monopoly of the top five tourism destinations of France, Spain, the United States, Italy and China is being challenged by over thirty other countries located in Asia such as Malaysia, Africa such as Mauritius, the Middle East such as the United Arab Emirates, South America such as Cuba and the newly independent countries in Europe such as Azerbaijan, Croatia, and Uzbekistan. The author points out that the most significant macro-economic trend, which began in the 1990s, is globalization. The paper stresses that rapid and unplanned tourism development is resulting in destroying the beauty and ecological balance of many a natural habitat, which means that the tourism industry is rather irresponsibly destroying one of its own key capital assets.

Table of Contents
Competitive Trends
Macroeconomic Trends
Environmental Issues
Leveraging Strengths to Overcome Key Threats to Global Tourism

From the Paper:

"The World Tourism Organization estimates that there were 694 million international tourist arrivals in 2003, and that international tourism receipts totaled $514 billion in 2003. These figures indicate the importance of tourism to the global economy and more important, the efforts that are being made to encourage its growth. In fact, the investment of money, time, and effort in tourism is not surprising considering that tourism represents approximately 7 percent of worldwide exports of goods and services, occupying the fourth position after exports of chemicals, automotive products and fuels."

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