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Reasons To Invest In The Tourism Sector. Tourism is an industry with significant economic impact. Like any other industry, tourism is usually used as an economic, social and cultural development tool. The main impact of tourism to the local community is the creation of investment opportunities. Foreign tourist require temporary accommodation and this in most cases is offered by the hotel industry. It means that promotion of the tourism sector will, in turn, result in the growth of the hotel industry. For the tourist to receive the services that they require in the hotels such as food, human resources must be available this means that there will be job opportunities created by the locals. Foreign tourists brings foreign money, and through this, the government will be able to generate more revenue as money will be circulating in the country, taxation also generates more revenue to the government.
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The revenue generated can be used as investment to other areas of the government that requires financing. Tourism involves movement of people to new places; the movement means growth in tourism sectors such as road and air. Growth in tourism, therefore, leads to growth of the transports industry.
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The host region also finds an opportunity to sell its products and services to the tourist, therefore, leading to increased demands and opening of new markets. Tourism is not only an economic tool but also a social equipment. Tourism results to socialization of people with different socio-cultural practices. Interaction of people from various cultural diversities lead to exchange of ideas and better understanding which creates a peaceful co-existence. Having a better understanding of each other will, in turn, lead to good relationships and peace. Tourist can acquire the cultural values of the host community in exchange with their cultures practices. Understanding of the cultural practices leads to respect of one’s culture. In most developing countries the main source of tourist attraction is the natural resources and the wildlife, this leads to investment in environmental conservation and wildlife conservation. It means that the death of the natural resources lead to drop in the tourism sector. Cultural heritage is attained through explanation of the history and art of the community to the tourists. Communities that attract tourists because of their traditional songs and dances should not allow the cultures to be eroded. In conclusion, it is evident that tourism has enormous positive impact on the development of a countries economy, and socio-cultural practices. The main way to promote tourism is by creating a healthy tourism environment by ensuring political stability and enhancing security.