Benefits of Tourism Nathaniel Powers 29 April 2013
#1 Discuss the benefits of tourism
We go places‌
But what is Tourism?
Benefits of Tourism Export of Local Products
Multiplier Effect & Tax
Direct Employment
Personal Benefits Supporting Industries
Personal Benefits
Self Discovery
Relaxation
Escapism
Motivation for Traveling
Curiosity
Education
Bonding & Relationships Exploring Culture
Direct Employment
Desk Manager Tour Guide Housekeeping
Cruise Ship Entertainer
Reservations Staff
Retail Sales Clerk
Vacation Planner
Character Performer
Stewardess
Chef
Waiter
15%
60%
10% 15%
Supporting Industries
Destination Guide Publisher Executive
Textbook Author
Maintenance Personnel
Consultant Travel Show Host
Revenue Management University Tourism Professor
Translator
235 million
GLOBAL GDP
$16.7 billion
10%
SC
Multiplier X Effect
$ $ $
Generates Business for Suppliers
Requires Planning and Construction
New Hotel Investment Cycle
New Hospitality Employees and Management at Hotel
Employees Become Residents and Shop at Local Businesses
Community Benefits from Increase in Tourism
Creates Jobs Directly Related to Hotel
New Hotel Expenditure Cycle
Tourists Spend Money in Guest Experiences
Taxes Are Collected and Can Be Used for Infrastructure and Re-investment
Shifts Tax Burden to Non-Residents
Stimulates Export of Locally Produced Goods
15 - 20% of total tourism spending
Discussion Question #2
What benefits does tourism bring to your area?
Greenville Area Tourism
$779 million / year 19,000+ jobs $40 million tax
Trade and Conferences
50% Hotel Occupancy in Greenville is Business-related
TD Center
Hyatt
Arts
Outdoors & Destination
Benefits of Tourism Export of Local Products
Multiplier Effect & Tax
Direct Direct Employment Employment
Personal Personal Benefits Benefits Supporting Industries