What is the tourism multiplier?

The tourism multiplier refers to the multiple of tourism economic growth or the increase in employment due to tourism revenue, tourism consumption, tourism investment or the import and export of tourism services. The tourism multiplier is an important method that borrows the multiplication concept in economics to quantitatively analyze and reveal the impact on the growth of the tourism economy. It is also an important quantitative indicator to measure the status and role of the tourism economy in the national economy. For a long time, domestic and foreign scholars have conducted extensive discussions and research on the principle of de-funding and main tourism multipliers, forming a concept of square tourism multipliers that is consistent with the actual tourism economy.

Types of tourism multipliers

1. Tourism revenue multiplier

The tourism revenue multiplier refers to the total tourism revenue generated by tourism consumption and the The ratio of tourism consumption, that is, the sum of direct tourism income, indirect tourism income and tourism induced income, divided by the ratio of total tourism consumption, can explain the tourism economic effects produced by tourism consumption in terms of tourism income. It can also be compared with national income. comparison to reflect its role and impact on the national economy.

2. Tourism output multiplier

The tourism output multiplier refers to the direct and driving effects of increasing unit tourism consumption on the tourist destination country or region, and causes the entire The growth of total tourism revenue measures the impact of individual tourism consumption on total tourism output. The calculation of tourism output multiplier is generally expressed by dividing marginal tourism income (tourism added value or gross domestic product) by marginal tourism consumption. It reflects the impact of increased unit tourism consumption expenditure on the tourist destination country or region. The tourism economy and the total national economic value increase.

3. Tourism investment multiplier

Tourism investment multiplier refers to the relationship between changes in tourism income growth caused by tourism investment. The tourism investment multiplier is the ratio of the sum of new direct and indirect tourism investments to the new tourism revenue or tourism added value within a certain period of time. It reflects the driving effect of increased unit tourism investment on total tourism output; it can also be calculated through Compare with GDP to reflect the role and impact of tourism investment on overall economic growth.