Segment could be analyzed from the fact that global tourism industry contributes approximately 11 percent towards the global GDP of the world. Tis sector employs approximately 200 million individuals across the globe serving approximately 700 million customers across the world. Eperts point out that this figure is expected to increase to exactly twice its present value. Mch of the value of this global tourism comes from the developed nations which contribute approximately seventy percent of the total revenues generated from tourism. Te developing nations have grown by approximately since 1990 which is quite comparative as compared to the annual growth of the global tourism industry which is pegged at 4.
Turism generates precious foreign exchange, eployment as well as GDP for the nations. Tere are a large number of nations and islands whose economy is entirely dependent on the tourism industry (Roe & Khanya, 2001, pThe present study would try to analyze the aspect of sustainable tourism and would also discuss about the different factors affecting global tourism with regards to certain issues related to the environment.
of tourism industry is largely dependent upon other sectors as many economic and social factors are said to be correlated with Presence of infrastructure and political stability are factors that have a deep impact on the success and growth of the tourism industry in a nation. Te backward and the forward sectors are directly linked with the success of Certain industry segments like agro based and food related industries have a direct impact on the needs and wants of the global tourists visiting a tourism destination. Fod and based cater to the food related requirements of the tourists which also has a significant impact on the success of the tourism industry.
Crtain other industry segments like infrastructure, hspitality, tansport also have a deep impact on the success of the tourism industry. Tese industries act as a platform for satisfying the demands of the customers. Aresearch study states that suppliers have a major role in the functioning of the tourism industry. Aresearch study conducted by the World Trade Organization states that the economic sustainability of the tourism is largely by the ‘leakage effects’.
Lakage effect is defined as a phenomenon in which the revenues and the foreign exchange. ..
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