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Tourism an Important Sector of Economy Development

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Abstract

Tourism has become an important sector that has an impact on development of country economy. The main benefits of tourism are income creation and generation of jobs. For many regions and countries it is the most important source of welfare. The ability of the national economy to benefit from tourism depends on the availability of investment to develop the necessary infrastructure and on its ability to supply the needs of tourists. Albania has a touristic potential for development of seaside tourism and other alternative forms of tourism. The scope of the paper is to present the impact of tourism on economy and especially on income. paper treats why Albania is an attractive country for investors, and which are the possibilities to invest. Through a questioner scattered in different publics and private institution of Albania are presented major problematical of tourism in Albania.

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... The travel and tourism industry is one of the fastest growing and the largest sectors of the world economy (World Travel & Tourism Council, 2018). In many countries of the world, tourism activities are considered as more important than production and other services, concerning its economic and social aspects (Agaraj & Murati, 2009). In the post era of 26 years of war, now Sri Lanka is benefiting the development of its tourism industry (Lokuhetty, Jayawardena & Mudadeniya, 2013;Sri Lanka Tourism Development Authority, 2016). ...
... Majority of tourists (53%) visit a destination for leisure, recreation and holiday purpose (World Tourism Organization, 2017) and adventure tourism has become an important component of that segment. The commercialisation of adventure-based experiences and ecotourism are the fastest growers within the world tourism industry with an approximate growth of 15%-20% per year which represents more than 25% of the tourism market (Agaraj & Murati, 2009;Williams, Souther, Ashill & Naumann, 2017). Different adventure tourism destinations and products have emerged to convene the growth in demand ranging from 'soft' adventure activities (less demanding physical effort) to 'hard' adventure experiences (generally comprise physical or mental challenge) (Williams et al., 2017). ...
... Tourism industry is described as a vital division that has a significant impact on the progress of country's market [4]. The core advantage of the tourism industry is earnings formation and job creation. ...
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The study attempted to forecast the number of tourist arrival in the province of Surigao del Sur using the historical monthly tourist arrival data from 2012-2016 using three time series. Findings showed that the tourist arrival in the province is likely to be increasing. As more foreign and local tourist arrivals are expected as a result of forecast model. Furthermore, it showed that there was a long term increasing trend of the tourist arrival in the province. Results revealed that the Mean Absolute Percentage Error (MAPE) of the forecasted tourist arrival data yielded an error of 11 % which means that predicted data is closer to the actual data. Based on the findings of the study, the researcher recommends that this study can be adapted by other Tourism Office of CARAGA, Philippines.
... It has a social significance as it gives importance to community structure, family relationship, collective traditional lifestyles, ceremonies and morality (Pizam and Milman, 1986). Tourism has economic significance as it provides more stable earnings for the country than any other industry (Agaraj and Murati, 2009). Prevention and conservation of culture heritage needs is cultural significance of tourism (Csapo, 2012). ...
... It is significant that tourism always derives impacts to other sub production sectors as well, accounting for over one-third of total services trade in the world. In many countries of the world, tourism activities are considered as more important than production and other services, concerning its economic and social aspects (Agaraj and Murati, 2009). As a diverse service activity that concerns more other service sectors measuring and defining the tourism economy in real scenarios is challenging and difficult, since it is hard to predict the true size of the global tourism economy. ...
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under the CC BY license (https://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. Abstract The Covid-19 pandemic has created dramatic challenges reversing the growth in many economies, reaching the most devastative economical breakdown, converting millions of people with anxiety and depths of poverty that enforce a continuous threat to the most sensitive economies, making them vulnerable, resulting zero income that experienced a worse depression in the diverse sectors. The economic battle has insights on the tangible and intangible service economies that accelerated the negative consequences, specifically, in the tourism sector, which, immersed in the crisis without a potential cure that reverse the flow of economic functioning in the world. The depicted review will elaborate a picture of the global economy in 2020 with the Covid-19 pandemic and possible impact on reaching significant goals of 2030 agenda for sustainable development. Mainly, this paper has concentrated deeper on global poverty which is a peril in the attempts of development strictly affected by the crisis that emphasize income and consumption shortfalls with real aspects of human well-being in the world. Foremost, the review will summit the short run and long run service economic impacts on the global poverty and attempts for the rebirth of tourism service economy, assuring the economic recovery, while injecting and fostering investments and strategies that accelerate and restore the lost demand that protect the resilience of a service economy to combat poverty in order to recover the destructions caused during this global pandemic.
... Market dynamics can be defined as keeping up with changing consumer needs and market trends, having a clearly identified market position and the availability of skilled labour as well as barriers to entry into the tourism industry Basan (2012:59); Cooper and Hall (2008:83); Davis (2010:16); Horgan (2015:1); Keyser (2009:226); Mitchell (2015:1); Smit et al., (2011:67); Tait & Tait (2015:70); Global relations is concerned with relationships between countries in the form of adhering to ICC proclamations, foreign investment due to relationships, the peacefulness and neutrality of a country and the relationship building between local-and international tour operators. Agaraj & Murati, (2009:In the following section the integration of the findings will be presented. ...
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... In developing countries, tourism is one of the options for economic development in national and regional levels [3]. Ministry of Tourism [4], Goeldner and Ritchie [5], Asih and Asih [6] and Agraj and Murati [7] shows that tourism has significant impact for economic development, improve community welfare, and create jobs for the community. Also, the tourism sector is a sector that is not affected by global economic conditions and its benefits can be felt by all community at any levels [8] [9]. ...
... To determine how competitive a tourist destination is, will require an analysis of the strengths and weaknesses of tourist destinations taking into consideration how much it enhances the interest of local inhabitants, ability to attract tourists (both actual and potential), and the competitiveness of the tourism industry at the destination [36]. The ability of a national economy to reap gains from tourism, depends in totality on the availability of investment to develop the necessary infrastructure and its ability to supply to the needs of tourists [37]. A review of the extant literature reveals competitive tourism indicators most frequently considered are natural-, man-made and cultural attractions, safety and security, marketing campaigns, quality of service delivery, basic-and tourist infrastructure, accessibility and events. ...
Conference Paper
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Tourism is of significant importance to the economy of any country. The successful political transformation in South Africa has virtually 'opened' the country's tourism potential to the rest of the world. This has prompted this paper to develop a model for determining indicators that influence tourism competitiveness for South Africa. As there are few South African studies on competitive tourism, global literature was surveyed and several indicators that influence tourism competitiveness were identified using content analysis. Main indicators such as core resources, destination supporting structures and destination marketing were identified to influence tourism competitiveness. Secondary indicators were also identified within each main indicator. This study adds to the debate and literature on tourism competitiveness, especially in the South African context.
... Continuing their research into the NTS functioning and development, the authors point to the need for evaluating its impact on the national economy, in particular on its economic growth. The following arguments are put forward: first, the importance of research on the NTS impact on economic growth manifests itself through the institutional aspect: "…tourism's economic impacts are therefore an important consideration in state, regional and community planning and economic development; economic impacts are also important factors in marketing and management decisions" (Stynes, 1997); second, in consumer-based and marketing terms: "…economic impact studies are very much beneficial because they illustrate the benefits of travel and tourism" (Kuman & Hussain, 2014); third, in terms of improved macroeconomic parameters and destination employment, since "… for a growth of economy, tourism is an exceptional facilitator, that is why it is a vital part in macroeconomic level; this business is imperative to force labor and is essential cause of government's revenues" (Agaraj & Murati, 2009); fourth, via the stimulating aspect of other socio-economic systems: "…tourism is part of the economic system; it plays an important role in the economy due to the multiplier effect (encouraging other economic activities)" (Trebicka, 2016, p. 17). In this context, it should also be noted that growth theories explain the factors that determine the rate of economic growth in a country. ...
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... It has a social significance as it gives importance to community structure, family relationship, collective traditional lifestyles, ceremonies and morality (Pizam and Milman, 1986). Tourism has economic significance as it provides more stable earnings for the country than any other industry (Agaraj and Murati, 2009). Prevention and conservation of culture heritage needs is cultural significance of tourism (Csapo, 2012). ...
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... Tourism is the chief source of welfare in numerous countries. The capability of the economy in the countries to profit from tourism is dependent on the accessibility of investment to expand the needed infrastructure and on its capability to fulfil the tourists" needs (Agaraj & Murati, 2015). During the last decade, we have been watching the mushrooming and increased use of web devices enabling Internet users to both create and distribute content (multimedia information). ...
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... It has a social significance as it gives importance to community structure, family relationship, collective traditional lifestyles, ceremonies and morality (Pizam and Milman, 1986). Tourism has economic significance as it provides more stable earnings for the country than any other industry (Agaraj and Murati, 2009). Prevention and conservation of culture heritage needs is cultural significance of tourism (Csapo, 2012). ...
... For many regions and countries, it is the most important source of welfare. The ability of the national economy to benefit from tourism depends on the availability of investment to develop the necessary infrastructure and on its ability to supply the needs of tourists [19][3] [7]. The development of international tourist arrivals can be seen in figure 1. ...
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Thesis (B.S.)--California Polytechnic State University, 1996. Microfiche. Includes bibliographical references (leaf [11]).
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