Lecture_5_Tourism - Tourism The new global economy Why has...

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The new global economy Why has tourism become the fastest growing sector of the global economy? How has global tourism changed? How does it affect places and regions? What is its role in sustainable development? Rise of global tourism Tourism now the most important single item in international trade International tourist arrivals for 2007 grew at rate of 5.7% = 880-900 million. (World Tourism Organization) http://unwto.org/facts/eng/historical.htm http://unwto.org/facts/eng/economy.htm Factors Demand side Increased leisure time - Affluent retirement Desire for travel, new experiences Escapism Business tourism Supply side transportation revolution economic development policies growth of tourist industry - tourism as a product tourism depends on the globalization of goods and services Read Judd’s article especially pp.327-332 on Commodity Chains and The Tourism Product Changes in global tourism Rise of mass tourism
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Lecture_5_Tourism - Tourism The new global economy Why has...

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