ABSTRACT

Chapter 2 noted that international tourist’s receipts bolster a country’s balance of trade and adds to the country’s overall economic policies. In effect, tourism helps local communities increase their economic development, realize increased revenues, create new jobs, benefit from a diverse economy, add new products, generate additional income, spawn new businesses, and contribute to overall economic integration while enriching the public and private partnerships and improving the quality-of-life of the local citizenry. Figure 4.1 illustrates the commercial and economic activities of tourism that lead to stakeholder benefits.