How does tourism increase the economic status of a country (details pls)?

Question

How does tourism increase the economic status of a country (details pls)

Answer 1

Tourism can be the best thing to happen for an area economically. When people travel to a country they need to spend money on hotel rooms, transportation, food, souvenirs, etc. Everywhere they go tourists are spending money. The more tourists there are the more jobs for the locals (cab drivers, sales people, hotel workers, tour guides, etc.). That means more income tax for the government which in turn can be spent on bettering the area (schools, roads, housing, services).

Answer 2

It doesn't *necessarily* increase status per se (as status is a fairly subjective term), but it does serve to bring poorer countries much-needed income. This helps improve the quality of life in those countries and should provide the governments with additional revenues to finance valuable social programs. This is more beneficial due to the microeconomic principle of diminishing marginal utility - that is, poorer countries receive greater benefit per dollar than a country which is already relatively well-off.

Answer 3

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Answer 4

OK... I've seen what people have answered and i want to add this. in developing countries or simply any country whose currency isn't strong, tourists usually bring foreign currencies which reach the central banks. these hard currencies are used to pay debts and are important in meeting financial obligations. also exports tend to bring in foreign currencies.

Answer 5

By bringing in Money

Answer 6

the short answer is:

tourism brings in revenue when visitors spend money.

Answer 7

let me guess.....you have a paper to write?