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Tourism: Economy and Government

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Presentation on theme: "Tourism: Economy and Government"— 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 Science– wants vs. scarcity Wants Scarcity Resources
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
Government action?

6 Economic Leakages– High v. Low Options

7 Externalities

8 Government Influence Paid holidays Incentives for business
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

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