Tourism Economics
Tourism economics is the study of how tourism activities impact economies at various levels, including local, regional, and national. It examines the financial benefits generated by tourism, such as job creation, income generation, and infrastructure development. By analyzing spending patterns of tourists, economists can assess the overall contribution of tourism to economic growth.
Additionally, tourism economics explores the costs associated with tourism, including environmental impacts and resource depletion. It also considers factors like seasonality, tourist behavior, and government policies that influence tourism demand and supply. Understanding these dynamics helps stakeholders make informed decisions to enhance the sustainability of tourism.