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Tourism
in SIDS - Coggle Diagram
Tourism
in SIDS
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Stakeholders
Large Hotel groups: Meriott, AAL
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benefits
Economic
Increases the GDP of a country directly and indirectly through the ‘multiplier’ effect. Multiplier effect: this means that the revenue obtained from the tourism industry could benefit other industries which could yield further income in other industries.
According to WTTC data, almost 30% of the GDP of SIDS comes from the sector of Tourism.
Taxes increase government revenue. Government obtains tax from the tourists which can be used to invest in other projects in the country such as schools.
Increase the foreign exchange earnings of a country . This can help to stabilize the country’s currency. Can be used to import technology and machinery, invest in other industries.
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Social
benefits
May enhance the role and status of women in the society. How foreigners behave with their wives would usually influence how people in, for instance, LICs would treat their wives.
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Encourages travel, mobility and social integration.
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Environmental
Benefits
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Promotes interest in monuments and historic sites which encourages preservation and maintenance of the sites.
Political
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Economic development can increase the popularity of the government, as people see their quality of life increasing.
Definitions
SIDS
Small island developing states, or SIDS, all face similar environmental, economic, and socio-cultural vulnerabilities largely due to their small size, island locations, and coastal geographies.
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National Development
The development of not only economical, but also the social, environmental and political aspect within a country.
Possibilities
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The COVID-19 pandemic and the measures put in place to contain its diffusion are taking a heavy toll on the tourism sector.
According to the United Nations World Tourism Organization (UNWTO), the COVID-19 pandemic will result in a contraction of the tourism sector by 20% to 30% in 2020.
This estimate is likely to be conservative for countries relying on foreign tourists, as the recent data on daily air traffic indicate a drop of almost 80% since January 2020.
Immediate Fees
By considering the economic impact of reduced tourism revenues (assuming a 25% decline in tourism receipts ) and restoring the minimum level of import coverage (three months), it is possible to provide a rough estimate of each country’s immediate financial needs to offset the damage of the pandemic.
Currently, the SIDS would need about $5.5 billion to counteract the adverse effects of the pandemic on their economies.
Disadvantages
Environmental
Tourism can harm the island's environment: the anchors of ships, pollutants released my the hotel and infrasture development such as port can damage marine ecosystems, especially corals.
Political
The government may be neglecting the locals and put their focus more into the tourism within the country.
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