0
Why there is a loss of foreign exchange through tourism industry?
Wiki User
∙ 11y ago
The loss for foreign exchange throutgh tourism industry is bad planing and managerments of industry.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the nation of New Zealand's largest industry?
New Zealand's largest industry is the dairy industry, closely followed by tourism. This is in terms of foreign exchange earnings.
What are the advantages and disadvantages of tourism industry?
The main advantage of tourism industry is that it helps the country to earn foreign exchange from the tourists.Further, the tourist spots are highlighted before both domestic and foreign tourists which helps the local inhabitants to earn their livlihood. One of the disadvantages of tourism industry is that sometimes places of strategic importance are bared open before the outer world,thereby posing security risk for the country.
Why is tourism important to Singapore?
Singapore has no natural resources to begin with, and the country see great opportunity in tourism sector, as it contributes towards Singapore's economy greatly, as much as more than 20% income for Singapore are earned from tourism sector.
What is tourism development?
Tourism development is the overall development of our tourist potentials to attract business,exchange culture and raise foreign exchange which will eventually lead to popularity
What is the importance of the foreign currency generated by the tourism industry?
fork u
What is the nature of tourism as industry?
Tourism effects an industry in a big way. Many foreign people come from places around the world and spend their money on our economy.
What is the nature of tourism as an industry?
Tourism effects an industry in a big way. Many foreign people come from places around the world and spend their money on our economy.
What are the benefits of international tourism?
The benefits of international tourism is that it generates foreign exchange to the countries in question. It also promotes inter-cultural exchange between individuals of different nationalities.
How does tourism boost the economy of barbados?
AnswerTourism is the main industry in The Bahamas as it has next to nothing to export. It accounts, both directly and indirectly, for almost 70% of all employment and just over half of the country's GDP.foriegn and domestic
How does tourism changes lives?
Tourism changes life. How? 1) tourism gives employment. 2) tourism gives high standard of living. 3) tourism gives fame. 4) TOurism give foreign exchange.
What are the advantages of tourism in Saint Vincent and the Grenadines?
Tourism in Barbados can provide jobs and bring in money to the country
What is the role of the government in tourism development?
Foreign exchange earnings and increase in government revenues from tourism result in infrastructure development such as roads, sewage, ...
