1 / 9

Tourism's Economic Impact Explained: Supply, Demand, and Government Interventions

Explore the intersection of tourism and economics, with insights on the GDP contribution, job creation, and revenue generation in the US. Learn about economic principles like supply and demand, government influence through policies like paid holidays and grants, and how externalities affect the tourism industry. Dive into case studies of Florida and Myanmar to understand real-world economic dynamics in the tourism sector.

barnardb
Download Presentation

Tourism's Economic Impact Explained: Supply, Demand, and Government Interventions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Tourism: Economy and Government

  2. Tourism Figures • Gross Domestic Product • 10.3% • 234+ million jobs • 1/18 jobs in the US • Annual revenues $1.3 trillion in the US

  3. Economics? • Science– wants vs. scarcity • Wants • Scarcity • Resources

  4. Supply vs. Demand • Supply- selling what it does not own? • Demand- how has this changed over time? • Impact of prices

  5. Supply and Demand Everest • Demand • Supply • Government action?

  6. Economic Leakages– High v. Low Options

  7. Externalities

  8. Government Influence • Paid holidays • Bank holiday, paid vacation • Incentives for business • Grants and loans • Low interest rates • Tax breaks • Easier visa and passport rules • Schengen zone • Boycotting travel-- protest

  9. Examples • Florida • Myanmar

More Related