Wednesday, May 23, 2007
Posted by Roberto
6:23 PM
0 comments
THE TOURISM INDUSTRY
The number of international tourists worldwide grew from 170 million in 1971 to 635 million in 1998, while the amount they spent soared from US$ 21 billion to US$ 439 billion. One enabling factor has been the huge change in travel distribution resulting from the worldwide web. We have moved from a closed, tightly controlled system of human travel agents to an almost limitless source of travel suppliers and options online, that anyone with a credit card can book themselves.
By 2020, the World Tourism Organisation predicts, 1.5 billion tourists will be spending $2 trillion a year -- or over $5 billion every day. Tourism is a big, sometimes dominant, contributor to the GDP of many nations, such as small island developing countries. It already accounts for a quarter of the total economy of the Caribbean, and provides a fifth of all its jobs. The fact that tourists enjoy going to pristine seas, shall be the strongest incentive in managing the environment properly.
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