Volume : 3, Issue : 2, FEB 2017

FINANCIAL ASPECTS OF TOURISM: THE EMERGING HORRIZONS

Dr. Vashishthadhar J. Dwivedi

Abstract

Tourism is a many faceted phenomenon, involving many disciplines and multiple environments. It is for this reason that it throws challenges for its comprehensive coverage. Discipline based studies on tourism have been helpful academically and for specified area research. For a sound development of tourism it is necessary that the approach should be integrated. This would require the involvement of experts from various fields such as landscape-geographers, economists, environmentalists and flora-fauna experts. There is no doubt that tourism has major effects on the economics of destination areas. Research focuses, primarily, on the economic aspect of the industry and this emphasis has resulted in a proportionately large number of studies of these effect. The majority of studies of economic impacts of tourism have been directed at international and national levels, with fewer investigations at regional and local levels.

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