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Tourism industry is one of the most famous sector now a days. Tourism industry creates substantial economic advantages to both host countries and tourists home country.
Small firms are involved that offer attractive holiday packages to its consumers.
It is not an industry but an activity.
It takes place when people plan to visit from one place to another.
They at least for 24 hours at that place.
The economic effect is given on host country due to the hidden costs to tourism.
Rich countries provide profits from tourism as compared to poor ones.
Undeveloped countries require income and employment by taking into consideration standard of living.
It is evaluated that large scale of revenue transfer take place in the host country.
Economic issue is considered as an important issue that takes place in the tourism industry (Panayotou, 2016).
Foreign exchange earnings : The tourism expenditure takes place to create the income to the host country and also to enhance the investment. International tourism generates foreign exchange earnings.
Contribution to the government revenues : Direct contributions are created on income from the employment of tourism business. The indirect contribution comes taxes and duties on goods and services that are supplied to tourists.
Employment generations : The enhancement in the international tourism has played a great role in employment creation. It also generates direct jobs through hotels and night clubs (Viner, 2014).
Stimulation of infrastructure investment : It induces the local government to make infrastructure improved such as in providing better water, roads and electricity. This has also given enhancement in the quality of life for residents as well as supported tourism.
Contribution to local economies : It is used to protect the areas and assets of tourism industry. The money that is earned from tourist in in form of informal employmLeakage : The amount of tourist remain local after taxes and also the wages are given outside the area. In this there are two types of leakages that take place : import leakage and export leakage.
Enclave tourism : The local business always take into consideration the chance to earn income. Small down effect is seen on the local economies (de Grosbois, 2016).
Infrastructure cost : It can cost the local government and local taxpayers an expensive deal of money. The public resources spend on tax breaks can minimize the investment by the government in many areas like education and health.
Increase in prices : The enhancement in the demand for the goods and services can bring increase in the prices and it can be disadvantage for the local residents whose income is not so high. It create a problem for the local people to fulfill the needs and wants of the consumers.
Seasonal character of jobs : Problems faced by the workers consist of job insecurity, unsatisfactory housing and working conditions. No guarantee of employment from one season to another season.
Hospitality industry have many environmental aspects that gives direct impact on the environment. The consumers are using the resources like energy and water on daily basis.
Environmental factors take into consideration the factors like population, fore protection, endangered species.
Enhancement in the sustainable development (Aragon-Correa et al., 2015).
It helps to educate the people about the local environment and also guide them to protect the environment.
It create employment and also enhance the opportunities for the business (Becken, 2013).
More sustainable practices are taken into consideration to promote green image. Like organic products, recycling of waste (Glasson et al., 2013).
Enhance the sources of income : The sources of income is increased if the focus is given on environment. The profits can be earned in the hospitality sector if it is safeguard in effective manner (Jones et al., 2016).
Reduces deforestation : The deforestation is minimized by taking into consideration positive impact on the hospitality sector.
Raise funds for conserving the natural resources (Pirani and Arafat,2014).
Presence of the building and tourist can give negative impact on the local environment and also on the habitat of native animals (Kandampully et al., 2015).
The hospitality industry also given contribution to the waste issues like chemical disposal and food scraps.
In the hospitality sector there are many venues that are noisy (Fraj et al., 2015).
It consumes lot of energy and water.
Cultural resources are also affected.
Pollution is increased by taking into consideration sewage production and also many other disposable waste (Shani et al.,2014).
In the wider Caribbean region, it is stretching from Florida to the French Guiana and also it receives 63,000 port calls from ships each year.
The waste of garbage that is generated is 82,000.
The passengers on a cruise oil can amount for 3.5 kilograms of garbage daily (Glasson et al.,2013).
Gustavo, N., 2013. Marketing management trends in tourism and hospitality industry: Facing the 21st century environment. International Journal of Marketing Studies, vol. 5, no.3, p.13.
Shani, A., Uriely, N., Reichel, A. and Ginsburg, L., 2014. Emotional labor in the hospitality industry: The influence of contextual factors. International Journal of Hospitality Management, vol. 37, pp.150-158.
Kandampully, J., Zhang, T. and Bilgihan, A., 2015. Customer loyalty: a review and future directions with a special focus on the hospitality industry. International Journal of Contemporary Hospitality Management, Vol.27, no. 3, pp.379-414.
Fraj, E., Matute, J. and Melero, I., 2015. Environmental strategies and organizational competitiveness in the hotel industry: The role of learning and innovation as determinants of environmental success. Tourism Management, vol.46, pp.30-42.
Becken, S., 2013. A review of tourism and climate change as an evolving knowledge domain. Tourism Management Perspectives, 6, pp.53-62.
Jones, P., Hillier, D., Comfort, D. 2016. Sustainability in the hospitality industry: some personal reflections on corporate challenges and research agendas. International Journal of Contemporary Hospitality Management, 28(1), pp.36-67.
Aragon-Correa, J.A., Martin-Tapia, I. and de la Torre-Ruiz, J., 2015. Sustainability issues and hospitality and tourism firms’ strategies: Analytical review and future directions. International Journal of Contemporary Hospitality Management, 27(3), pp.498-522.
Pirani, S.I. and Arafat, H.A., 2014. Solid waste management in the hospitality industry: A review. Journal of environmental management, 146, pp.320-336.
de Grosbois, D., 2016. Corporate social responsibility reporting in the cruise tourism industry: A performance evaluation using a new institutional theory based model. Journal of Sustainable Tourism, 24(2), pp.245-269.
Glasson, J., Therivel, R. and Chadwick, A., 2013. Introduction to environmental impact assessment. Routledge.
Panayotou, T., 2016. Economic growth and the environment. The environment in anthropology, pp.140-148.
Viner, J., 2014. The customs union issue. Oxford University Press.
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