Tourism has a significant place in international relations. About 500 million people visit foreign countries annually for tourism purposes. International tourism is not only a popular holiday destination but also an emerging area of the world economy .
In the economy of an individual country, international tourism performs a number of important functions:
– is a source of foreign exchange earnings for the country and a means of securing employment;
– expands investment in the balance of payments and GNP of the country;
– promotes diversification of the economy, creating industries that serve the tourism sector;
– With increasing employment in tourism, the incomes of the population increase and the level of welfare of the nation increases. Continue reading