Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Loading in …3
×
1 of 11

Effect of Tourism in London's economy.

3

Share

Download to read offline

A presentation.

Related Books

Free with a 30 day trial from Scribd

See all

Related Audiobooks

Free with a 30 day trial from Scribd

See all

Effect of Tourism in London's economy.

  1. 1. Discuss the effect of tourism on London’s economy.
  2. 2. Tourism is important to economy of both rich & poor countries
  3. 3. LONDON ATTRACTIONS Eye Of London Natural History Museum British Museum
  4. 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. 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. 6. Advantages • Low unemployment rate Job Opportunities • Stable income Income • High demand on goods & services Spending • Tourism Industry Profit Source : Oxford Economics
  7. 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. 8. Disadvantages Profits kept by travel company Seasonal Unemployment Inflation Unstable Market Illegal Market
  9. 9. 9 Conclusion To Sustain Tourism in London: Partnership between Government and Tourism & Hospitality Sector Promote Tourism Improve Infrastructure Preservation of cultural and heritage 9
  10. 10. 10 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 10
  11. 11. 11 Thank You for your time ! 11

×