THE DEVELOPMENT OF THE TRAVEL AND TOURISM INDUSTRY IN THE WORLD

Bogdan Sofronov ()
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Bogdan Sofronov: University Politehnica of Bucharest, 313 Splaiul Independenței, Bucharest, 060042, Romania,

Annals of Spiru Haret University, Economic Series, 2018, vol. 18, issue 4, 123-137

Abstract: The purpose of this paper is to see how the travel and tourism industry is changing and its development in the world. Travel and tourism industry is one of the world’s greatest industrial sectors. It drives economic growth, creates jobs, improves social development and promotes peace. Hundreds of millions of people around the world are dependent on the sector for their employment. In some island economies, travel and tourism industry is not just the biggest employer; it is effectively the only employer. The role is to contribute to the creation of sustainable economies. Travel and tourism industry is a diverse sector consisting of millions of companies and employers, from the biggest global travel brands to the smallest tour operators or hostel owners. Together, we form a formidable force with a voice to be heard at the highest levels of society and government.

Keywords: development; travel; tourism; tourism industry; international tourism (search for similar items in EconPapers)
JEL-codes: Z30 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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