Personally, I think the input-output ratio of tourism is not very high. Why are so many people keen on traveling?

Hello, it's my pleasure to answer your question. In my opinion, the input-output ratio of tourism you mentioned is not a personal travel behavior, but should refer to the business behavior of tourism. Tourism is a huge industrial system, including scenic spots, accommodation, catering, transportation, travel agencies, tour guides, and can be subdivided into more business areas. Then, as an industry with a low input-output ratio, why are there so many people doing it?

First, the macro level, mainly the policy and economic level. Tourism is not only a labor-intensive industry, but also an industry with relatively low environmental requirements. A person's travel behavior will basically cover scenic spots, transportation, accommodation, catering and other links, and group travel behavior will also cover travel agencies and tour guides. Simply put, tourism behavior will involve most or all industrial sectors of the tourism chain. From the policy and economic point of view, it is to solve more employment problems and help get rid of poverty with lower environmental costs.

Second, at the level of tourism enterprises, ① Tourism development in many places is basically a project of attracting investment, which can enjoy policy support such as taxation and loans. (2) The huge cash flow and a large amount of capital precipitation in the tourism industry can improve the capital turnover rate and effectively reduce the liabilities of enterprises, which is a benign asset. Tourism behavior is obviously different from other production and sales behaviors in settlement. There is basically no credit sales, and the bad debt rate is low. (3) The industrial layout of enterprises. The enterprises engaged in tourism development and operation are basically group companies. The development model of group companies is different from that of small enterprises, and they have huge funds and customer groups to support industrial layout.

Third, the input-output problem, it is a fact that tourism has invested a lot in the early stage. From the short-term financial point of view, the input is far greater than the output, and even faces serious losses, which can be made up by depositing funds, taxes, loans and subsidies. Therefore, general scenic spot planning and hotel investment calculation need to do 10- 15 investment calculation. The maintenance cost of the scenic spot in the later period is not particularly large, and it is basically profitable during the operation period after 4-5 years.