A presentation.

1. Discuss the effect of tourism
on London’s economy.

2. Tourism is important to
economy of both rich & poor
countries

3. LONDON ATTRACTIONS
Eye Of London
Natural History Museum
British Museum

4. Current Economy
Contributions
•Contribution made by visitor spending &
tourism economy-related government spending
Direct
Industry
• Involves direct industry as well as private &
government investment in the tourism sectors
•Domestic supply chains providing inputs for
direct industry
Tourism
Economy
• Includes the tourism economy & impact of
spending by the people employed.
Total
Contributions
Source: MasterCard

5. Products Industries
1. Accommodation services for visitors 1. Accommodation for visitors
2. Food & beverage serving activities 2. Food & beverage serving activities
3. Road passenger transport services 3. Road passenger transport
4.Country-specific tourism
characteristic services
4. Other country-specific tourism
characteristic activities
5. Sports & recreational services 5. Sports and recreational activities
6. Travel agencies & other reservation
services
6. Travel agencies and other
reservation services activities

6. Advantages
• Low
unemployment
rate
Job
Opportunities
• Stable
income
Income
• High demand
on goods &
services
Spending
• Tourism
Industry
Profit
Source : Oxford Economics

7. • High tax
revenue
Tax Revenue
• Subsidies
Government
Spending
• Growth of
economy
Gross
Domestic
Product
• Supply of
money
Multiplier
effect
• Increase
Currency
• Government
& Locals
• Community
projects
Investment
Advantages

8. Disadvantages
Profits kept by travel company
Seasonal Unemployment
Inflation
Unstable Market
Illegal Market

9. 9
Conclusion
To Sustain Tourism in London:
Partnership between Government and Tourism &
Hospitality Sector
Promote Tourism
Improve Infrastructure
Preservation of cultural and heritage
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References
 https://www.msu.edu/course/prr/840/econimpact/pdf/ecimpvol1.pdf
 www.london.gov.uk/sites/default/files/wp-54.pdf
 http://www.slideshare.net/SBrooker/tourism-ppt-7748923
 http://slideplayer.us/slide/732246/
 http://www.telegraph.co.uk/finance/economics/9601918/Tourist-spending-spree-at-London-2012-Olympics-boosts-UK-economy.
html
 http://www.independent.co.uk/news/uk/home-news/london-overtakes-paris-to-become-worlds-most-popular-destination-for-foreign-tourists-
9340154.html
 http://insights.mastercard.com/position-papers/top-20-global-destination-cities-in-2013/
 https://www.udemy.com/blog/disadvantages-of-tourism/
 http://www.ibike.org/encouragement/travel/tourism.htm
 http://www.visitbritain.org/Images/Final%20proof%2015%20Nov_tcm29-39296.pdf
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Thank You for your time !
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