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4 days ago · This work analyzes whether tourism development affects the economic growth. Using yearly data of 1995–2017 for the sample of 35 countries, the empirical findings reveal that tourism arrivals and tourism receipts stimulate the economic growth. Similarly, renewable and non-renewable energy consumption enhance economic growth in the selected countries. Further, human capital positively affects ...
1 day ago · The importance of the travel and tourism market cannot be overstated. It has a significant impact on the global economy, contributing to job creation and economic growth in many countries. According to the World Travel & Tourism Council (WTTC), the travel and tourism sector accounted for 10.4% of global GDP and 319 million jobs in 2018.
2 days ago · H.E. Daniela Santanchè, Minister of Tourism of Italy, shared insights on Italy’s tourism sector during her session at Investopia Europe 2024, shedding light on the challenges and opportunities it faces in the wake of the pandemic. Santanchè emphasized the significance of tourism to Italy’s economy, noting its resilience despite the ...
5 days ago · Immigration’s impact on developed nations’ tourism and economy. In the developed world, one of the long-standing engines of economic growth—immigration—is encountering significant challenges. This change comes as countries like Canada, Australia, and the UK, which have long relied on the influx of migrants to counterbalance the effects ...
14 hours ago · However, that “46 per cent more than tourism’s domestic retention” means that diaspora remittances expenditure in the Jamaican economy, amounts to US $1.35 billion more than that of tourism, plus remittances significant multiplier effect and impact on people’s lives. Repeat, diaspora remittances exceed tourism earnings retained in ...
4 days ago · Black Belt tourism accounted for a total economic impact of nearly $3.8 billion in 2023, up from $1.9 billion in 2020. Black Belt tourism is responsible for an estimated 45,500 direct and indirect Alabama jobs in 2023, reflecting an increase of approximately 5 percent over 2022.
3 days ago · A boom in tourism is driving growth at levels above most of its regional peers. While tourism across most of the world has broadly recovered from the massive impact of the Covid-19 pandemic, in a select few places it has actively been booming—some countries are receiving more visitors now than at any time in their history. One of these is ...
