GLOBAL TOURISM EXPORT: IMPORTANCE AND CURRENT TREND IN POST-PANDEMIC ERA
DOI:
https://doi.org/10.60078/3060-4842-2024-vol1-iss3-pp32-40Abstract
Being the fastest growing economic industry, tourism became one of the key revenue producers for most countries. Tourism not only provides a significant source of income for business entities, but also impacts on employment and economic welfare both directly and indirectly. This paper explores the vital role tourism exports play in world trade, focusing on their contribution to GDP, foreign exchange earnings, and employment. It also examines pre and post pandemic situation in the industry globally, and considers the challenges and opportunities faced by the sector. The findings highlight tourism’s importance in driving economic growth and underscore the need for sustainable practices in the industry through PEST analysis.
Keywords:
tourism exports economic growth world trade GDP global tradeReferences
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