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Abstract

International Journal of Trends in Emerging Research and Development, 2024;2(3):104-110

Assessing the economic contributions of tourism to national economies: A case study approach

Author : Suantak Lhingneihawi Vaiphei and Dr. Sarika Aggarwal

Abstract

Tourism is widely recognized as a key driver of economic growth, particularly in countries with rich cultural, natural, and historical resources. This paper aims to assess the economic contributions of tourism to national economies through a case study approach. By examining various countries, this study investigates the direct and indirect effects of tourism on key economic indicators such as GDP growth, employment generation, foreign exchange earnings, and regional development. Through qualitative and quantitative analysis, the paper evaluates how tourism acts as an engine for economic diversification and stability, focusing on both developed and developing economies. It also explores the role of government policies, infrastructure development, and international tourism trends in maximizing the economic benefits of tourism. The findings suggest that while tourism can significantly boost national economies, it also poses challenges related to sustainability, social equity, and dependency. The paper concludes with recommendations for policymakers to enhance the positive impact of tourism while mitigating its adverse effects on the economy and local communities.

Keywords

Tourism, sustainability, GDP, environmental degradation