The OECD has concluded that tourism and hospitality provide a major opportunity for growth to countries that are at the intermediate stage of economic development and require more foreign exchange earnings
Acts as an export by bringing in revenues from outside sources when travelers outside the destination area spend on goods and services within the destination
Theories to maximize the economic effect of tourism and hospitality
Theory of balanced growth - tourism and hospitality should be viewed as an important part of a broad-based economy and needs the support of other industries
Theory of unbalanced growth - tourism and hospitality is the spark to economic growth, emphasizing the need to expand demand rather than just supply
The composite of organizations, both private and public, involved in the development, production, and marketing of products and services to serve the needs of travelers
Elements in an area for the use and enjoyment of visitors such as climate, landforms, terrain, flora, fauna, bodies of water, beaches, natural beauty, and water supply
Underground and surface developmental construction such as water, sewage, gas, electrical, communications, drainage, highways, airports, railroads, roads, parks, lighting, marinas, and tourist service installations
Tour buses should have large windows, comfortable seats, air conditioning, restrooms, and multilingual services with properly trained and educated tour guides and interpreters
More of the tourist dollar is spent on food and beverage than on any other service, and countries highest in per capita eating place sales are also top tourist countries