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Words: | Submitted: Thu Aug 21 2003
... in the local economy. The travel and tourism industry also contributes to the national economy via central and local government taxation, including corporation tax and VAT. As you can see in the chart above, accommodation is where most of the tourists spend their money when they come to the UK. 9.4 £billion comes into the UK from accommodation alone. Quite a big percentage of the income is from shopping, which will be buying food if you are self catering or buying souvenirs. In 1995, the income from all these areas was 24.8 billion, but in 1998 the income was 26.6 billion, an increase of 1.8 billion. The different factors that effect tourism revenue are Crime, bad publicity, tourism, war, racism, language barriers and the Euro etc... If a country has a reputation of being bad for crime, this is going to limit the number of people wanting to ...
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