1.5. Government policy
The government of India has allowed 100 percent foreign investment in the hotel and tourism related industry. Tourism related industry includes:
Travel agencies, tour operating agencies and tourist transport agencies.
Cultural, adventure and wildlife experiences provided for tourists.
Surface, air and water transport services for tourists.
Convention/seminar units and organisations.
The Government has also initiated other attractive measures in order to improve the tourism sector and thereby increase its contribution towards the national growth.
1.6. Gross Domestic Product (GDP)
The gross domestic product (GDP) is used to determine the health and growth of a country's economy. “It represents the total money value of all goods …show more content…
The total contribution of Travel & Tourism is shown as its ‘wider impacts’ i.e.
• Indirect Impacts
• Induced Impacts
The ‘Indirect’ contribution made by the tourism sector includes the Gross Domestic Product and jobs supported by:
Travel & Tourism investment spending – This is an essential aspect of the current and future activity that mainly includes the activity of investing.
Government 'collective' spending - This helps Travel & Tourism activities in many different ways – e.g. tourism marketing and promotion, administration, aviation, security services, resort area security services, etc.
Domestic purchases of goods and services by the different sectors that deal directly with tourists for their consumption - for example, purchases of goods like food, beverages and cleaning services by hotels and catering services by airlines.
The ‘Induced’ contribution measures the GDP and jobs supported by the income generated from the consumption or spending of those who are directly or indirectly employed by the Travel & Tourism
The government of India has allowed 100 percent foreign investment in the hotel and tourism related industry. Tourism related industry includes:
Travel agencies, tour operating agencies and tourist transport agencies.
Cultural, adventure and wildlife experiences provided for tourists.
Surface, air and water transport services for tourists.
Convention/seminar units and organisations.
The Government has also initiated other attractive measures in order to improve the tourism sector and thereby increase its contribution towards the national growth.
1.6. Gross Domestic Product (GDP)
The gross domestic product (GDP) is used to determine the health and growth of a country's economy. “It represents the total money value of all goods …show more content…
The total contribution of Travel & Tourism is shown as its ‘wider impacts’ i.e.
• Indirect Impacts
• Induced Impacts
The ‘Indirect’ contribution made by the tourism sector includes the Gross Domestic Product and jobs supported by:
Travel & Tourism investment spending – This is an essential aspect of the current and future activity that mainly includes the activity of investing.
Government 'collective' spending - This helps Travel & Tourism activities in many different ways – e.g. tourism marketing and promotion, administration, aviation, security services, resort area security services, etc.
Domestic purchases of goods and services by the different sectors that deal directly with tourists for their consumption - for example, purchases of goods like food, beverages and cleaning services by hotels and catering services by airlines.
The ‘Induced’ contribution measures the GDP and jobs supported by the income generated from the consumption or spending of those who are directly or indirectly employed by the Travel & Tourism