The Importance of Tourism
Ali Fouad Ksheish
Under the supervision of Asst. Lect. Zainab Muslim Al-Moussawi
1- Tourism organizations are considered a source of national income through their contribution to providing a significant amount of foreign currency needed for development processes. This is achieved through the contribution of foreign capital to investments in the tourism sector, payments received by countries in exchange for issuing entry visas, and currency exchange differences for daily spending by tourists on goods and services related to the tourism sector.
2- Through the development of tourist areas, tourism organizations contribute to the development of new urban areas that are less fortunate in development. This achieves a degree of regional development balance, resulting in a redistribution of income between new and traditional tourist cities.
3- Tourism facilitates technology transfer. Tourism, especially when foreign companies are allowed to invest (or participate) in tourism projects, contributes to the transfer of technology, whether in the form of knowledge and skills or machinery and equipment. It also contributes to the development and improvement of current methods of operating in tourism activities, and the creation of new methods for providing and selling tourism services and goods.
4- Tourism plays an important role in the development of small and medium-sized enterprises and is one of the important sectors that provide rapid returns on investment at a lower cost. 5- Impact on the balance of payments through inbound and outbound tourism. All countries strive to maximize the latter to ensure this impact is positive.
6- Tourism leads to the development of a large number of integrated, labor-intensive services at various levels, thereby eliminating unemployment and the serious social ills it cause
