How important is tourism to the economy?

1. Providing employment opportunities:

As a labor-intensive and service-oriented tertiary industry, tourism has the characteristics of low employment threshold, large quantity, and little impact from economic recession. As a result, there is huge population pressure and employment pressure in this region.

2. Increase foreign exchange earnings:

Tourism not only attracts domestic tourists, but also attracts a large number of overseas tourists. It has become an important way to earn foreign exchange, which is important for increasing foreign exchange reserves, making up for trade deficit, Balancing the international balance of payments played a big role.

3. Promote the development of related industries:

The development of tourism not only provides many direct employment opportunities, but also stimulates the development of related industries and provides many indirect employment opportunities.

4. Promote reform and opening up and expand international exchanges:

Tourism attracts many foreign tourists, who learn about the history, culture, customs, construction achievements, policies and regulations of various places through tourism activities , Therefore, tourism objectively promotes opening up to the outside world and creates opportunities for attracting external funds and foreign trade.

5. Promote the development and protection of national culture:

Tourism is an economic and cultural industry. Through tourism, national culture has produced obvious economic and social benefits, making local residents realize the value of history and culture, enhancing their sense of pride, and prompting the nation to consciously protect, inherit, and promote national culture.

6. Promote the construction of civilization:

Tourism is a high-level consumption activity that not only meets the needs of people's cultural and spiritual life, but also becomes an important factor in the construction of material civilization and spiritual civilization. the best combination point.

7. Promote scientific, technological and cultural exchanges:

In today’s era of knowledge economy, people promote various cultural, academic information and advanced scientific and technological achievements through tourism, especially international tourism. transmission.

Extended information

As competition in the tourism industry continues to intensify, mergers and acquisitions, integration and capital operations among large tourism companies are becoming increasingly frequent. Excellent domestic tourism companies are paying more and more attention to the industry market. Research, especially in-depth research on changes in corporate development environment and customer demand trends. Because of this, a large number of excellent domestic tourism brands have risen rapidly and gradually become leaders in the tourism industry.

Looking at the tourism industry as a whole, it is not an economic sector that realizes commodity circulation, but relies on tourism resources , using tourist facilities to provide labor services such as food, accommodation, transportation, travel, entertainment, and shopping to meet the needs of tourists for travel and consumption. So it is also called invisible trade.