Tourism in an LIC or NEE Flashcards

All 4 cards in this deck

What is leakage in tourism?

When tourist money goes to foreign travel companies and hotel owners instead of staying in the host country.

State one benefit of tourism to the economy of an LIC or NEE.

It brings in much needed foreign currency (which has greater buying power), and it helps develop infrastructure such as roads and airports.

True or false? All-inclusive resorts mean more tourist money reaches the wider local economy.

False. Tourists stay inside the resort and spend little outside it, so the wider economy gains less.

True or false? Most tourism jobs in an LIC or NEE are high-skilled and well paid.

False. Much of the employment is low skilled and low paid, though it may be the only work available.