Economic Importance of Tourism

I) Tourism is a source of foreign exchange earnings.

II) Tourism industry generates employment opportunities to unskilled, semi – skilled and skilled man power.

III) Tourism is also a source of public as well as private income. Government charges tax, sales tax, service tax etc. private individuals also make profit on the artifacts they sell.

IV) Tourism also facilitates cultural exchange.

V) Tourism helps to publicize a country or place.