1ANNOTATED BIBLIOGRAPHY Table of Contents Sustainable Tourism Industry....................................................................................................2 Tourism as a long-run economic growth factor.........................................................................3 Greece Today.............................................................................................................................4 Tourism Impacts, Planning and Management............................................................................6 Attracting the Tourists................................................................................................................7 Achieving sustainable tourism outcomes for Greece.................................................................8 Bibliography...............................................................................................................................9
2ANNOTATED BIBLIOGRAPHY Sustainable Tourism Industry Mfa.gr(2018).[online]Availableat: https://www.mfa.gr/usa/en/about-greece/tourism/for-sustainable-tourism-industry.html [Accessed 28 Apr. 2018]. According to the data released by Association of Greek Tourism Enterprises (SETE), the tourism department is the major contributor of the Greek economy. The tourism sector is raising competitiveness at the global level. The tourism accounts for around eighteen percent of the Gross Domestic Product and employs around 900,000 employees that accounts for one fifth of the entire workforce. Greece saw a significant increase in the number of international tourist arrivals from 15,000,000 to around 16,000,000 million, which marked a ten percent increase in the tourism sector. In the year 2017, the country has witnessed 17,000,000 international tourists, which is almost twice the population of Greece. Moreover, the country has the most number of international airports than other countries, which proves the point that the infrastructures are well developed to increase the tourist heads. However, there are certain factors and issues related to the tourism and destination development at Greece. The increase in the number of tourists as well as the evolving profile of modern day’s travelers, demand for new infrastructure projects as well as ideas. In Greece, the investors can find a wide range of opportunities, most beautiful places in the world as well as a friendly environment. It is true that the country’s tourism destinations and infrastructures are well developed, however; Greece has made commitments of establishing itself as a twelve month destination spot. The country’s Mediterranean climate is ideal for the activities like trekking, hiking or simply enjoying the weather. Moreover, it has been estimated that more than one million Europeans consider Greece as their second home destination, which is a positive factor.
3ANNOTATED BIBLIOGRAPHY However, the major sectors which can be expanded to invite the most number of tourist heads are; developing the integrated resorts, residential real estates, sport tourism and golf courses, health tourism, wellness, new and upgraded marinas, agro-tourism products, thermal spas, conference centers, culinary tourism and other thematic offerings in relation with the country’s historical rich heritage. The government officials of the country should incorporate new laws for making investments in the Private sectors, Entrepreneurship, Regional Cohesion and others. The newly implemented Public Private Partnership scheme of the country provides with significant opportunities to the investors to take part into new infrastructure projects like thermal springs or marinas. These implications of the policies will help the country in developing its tourism and destination spots. Tourism as a long-run economic growth factor Dritsakis, N., 2004. Tourism as a long-run economic growth factor: an empirical investigation for Greece using causality analysis.Tourism Economics,10(3), pp.305-316. According toDritsakis (2004), the growth of tourism largely refers to the overall evaluation of tourism industry. This is considered to be a crucial factor in the overall productivity of the national economy. The growth of tourism is being achieved by the rational exploitation and evaluation of the tourism resources. This can be done by an increase in the tourism productivity as well as qualitative improvement. In addition to this, it is important to analyze the issues that are related to the tourism and destination development by adjusting the tourism products with the desires, demands and needs of the tourists. The government officials of Greece need to recognize the importance of tourism sector in the social progress as well as economic growth of the country. If the country remains under-developed, it will get negatively impacted.
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4ANNOTATED BIBLIOGRAPHY The country needs to check on to factors like infrastructure development, networking and others in order to develop their potential of tourism as effectively and quickly as possible. Moreover, Greece is a developing country and thus; it should see the tourism sector as the most potential unit to cover its foreign currency needs. The overall contribution of the tourism to the country’s economy is limited to the impact of foreign exchange. Moreover, it affects the sector of employment, along with the consequences of reducing the tendency to emigrate. This in turn, retains the people within the country. In addition to this, the business sector, through their expansion in the agricultural and industrial production of meeting the increasing tourism market, should take activities like domestic and international trade into consideration. This includes the transportation, banking, telecommunications, travel agencies and others. The income from the tourism sector seems to get distributed over the wide population range. It also helps in enhancing the income of the residents in the less developed regions that heavily relies on tourism, especially during the summer seasons. Therefore, it is considered to be a critical factor in strengthening the periphery development in countries like Greece. In additiontothis,thereisacloselinkbetweentheincomeeffectsandemployment, undoubtedly,butatthesametime,therearedistinctions.Moreover,thereisalsoa proportionate relationship between the income that is derived from employment and the income being derived from tourism. However, these policies are not of equal magnitude and not being created simultaneously. Greece Today Enterprisegreece.gov.gr(2018).[online]Availableat: https://www.enterprisegreece.gov.gr/en/ [Accessed 28 Apr. 2018].
5ANNOTATED BIBLIOGRAPHY Tourism is being linked to many science and disciplines and moreover, it is connected with economics, sociology, psychology, geography and physical education. The industry of tourism is one of the fastest and largest growing sectors of the world. The sector contributes a huge chunk to the global Gross Domestic Product. It even surpasses the food industry, oil and natural gas export industry and the automobile industry. Therefore, it is considered to be the majorsourceforthetransitioninthedevelopingcountries.Alongwithincreasing competition between global tourists’ destinations, this particular industry is growing and leading. Moreover, in the developed countries, tourism industry contributes to the countries’ economy along with other sectors like agriculture and telecommunication. However, just as a coin has two sides, tourism has both positive and negative impacts over the country’s host community. Thebeneficialimpactsaremainlythecreationof employmentsandhugejob opportunities. Moreover, it also stimulates income and trade opportunities for the host community. Tourism will particularly benefit the developing country, Greece by providing many individuals with jobs and additional income opportunities. The country will get hugely benefitted by this and the development of the infrastructures will be available for the non tourism users. In addition to this, tourism will add up to the regional development of the place. It will help in increasing the government tax revenues of the region. To boost the tourism industry, huge money will be invested to preserve the country’s local heritage and therefore, it will provide better facilities, education, leisure and recreational activities to the host communities. However, the negative impacts of tourism basically include the problems that are related to the foreign capital investments. The tourism sector requires huge investment and at times, the foreign investors may not wish to invest on developing countries like, Greece, until and unless they are completely sure of their profitability. There are seasonality issues as well,
6ANNOTATED BIBLIOGRAPHY like seasonal jobs as well as large themed park hotels. Moreover, it also invites leakage of expenses out of the host communities. In addition to this, inflation plays a bigger role in this. It increases the prices of the commodities as well as lead to the over-investments and fall of prices. Therefore, it can be said that the tourists put the local resources as well as the host communities on great pressure. Tourism Impacts, Planning and Management Mason, P., 2015.Tourism impacts, planning and management. Routledge. In the words of Mason (2015), the positive economic impactsof tourism are employment,entrepreneurshipdevelopment,income,investment,increasedstandardof living, infrastructure development and others. Several researches have revealed the fact that tourism sector emphasizes more on the demands of the tourists and their motivation, rather than the local communities. The social impacts are divided into two major categories, that is the impact from the development of the tourism industry as well as the impact over the tourist and host interactions. The employment opportunities attract the younger people more into the areas of tourism industry development. It helps in improving the quality of lives through improvements and developments of the infrastructures. Moreover, the tourism industry helps in providing with socio-economic benefits to the country. However, the negative factors that impact the overall tourism industry of Greece are mainly the dependency, high priced commodities, income disparities, increased land prices and seasonality. The tourism sector needs to implement and incorporate some strategies as well as plans for using their destination for the purpose of future sustainability. Moreover, if the destinations are used in the same manner, Greece will face some difficulties in making visits as well as sustain on their behalf. To minimize the negative impacts of the country and to increase the positive changes, the Tourism Development Board needs to use some
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7ANNOTATED BIBLIOGRAPHY innovative strategies and employ them to the local communities of the destination. This will helpinimproving,enhancingaswellasdevelopingtheemploymentinthehosting destination. The tourism development officials need to plan for improving the environmental practices at the destinations, so as to reduce pollution. This will help in keeping the natural places attractive and clean. In addition to this, the visitors must be guided for preserving the natural characteristics of the destinations. The companies of the country must be encouraged to contribute to the environment by reducing wastes’ discharge and pollution. The strategy for supporting the environmental factors should enhance the country’s image as well as reputation of the local community. Moreover, rather than going forward to the modern lifestyle, the organizations should guide the visitors in feeling the ethical and cultural values of the destination spots at Greece. Several strategies or policies should be incorporated, like developing infrastructures and marketing techniques, to make sure that the growth leads to positive impact in the tourism department of Greece. Attracting the Tourists Weforum.org(2018).[online]Availableat: https://www.weforum.org/agenda/2015/05/how-to-attract-the-tourists-of-tomorrow/ [Accessed 28 Apr. 2018]. Greece heavily depends upon the tourism trade and takes it as a major economic activity.Sustainabledevelopmentconsistsoftheenvironmentalconditionsofthe destinations, which is a major tourism product blended with ecological, economic and social sub systems. The World Tourism Organization proposes some achievable policies which can add up to the tourism development for Greece. The policies are mainly the infrastructure development, utilizing the digital marketing platforms for promoting the tourism products,
8ANNOTATED BIBLIOGRAPHY improving the under-resourced or under-developed areas and lastly, promoting the cultural as well as natural heritage of Greece. These factors are going to yield positive tourism outcomes. Achieving sustainable tourism outcomes for Greece Michailidou, A.V., Vlachokostas, C. and Moussiopoulos, Ν., 2016. Interactions between climate change and the tourism sector: Multiple-criteria decision analysis to assess mitigation and adaptation options in tourism areas.Tourism Management,55, pp.1-12. By developing the tourism infrastructure, the country can get huge benefits. The tourism infrastructure mainly depends upon the range of institutions and devices comprising organizational and material basis for the tourism development. These factors consist of four basic elements such as, accommodation facilities, accompanying facilities, communication facilitiesandfoodandbeveragefacilities.Moreover,thecountryneedstotakeinto consideration its under-resourced areas. It is important for the tourism board to incorporate new strategiesin order to develop those areas. This will contribute to the economic development of the country to a huge extent and that too, in a positive manner. In addition to this, Greece should utilize the digital marketing platforms for promoting its tourism products. Giving regular updates and promoting the tourist sites will enable the country gain competitive as well as comparative advantage. Moreover, today’s challenges can help in introducing new opportunities for the country, in terms of technology, socio economy and cultural forces. Furthermore, the country needs to promote its natural and cultural heritage and make the tourists’ stay enjoyable. Thus, investments must be made on these segments in order to achieve sustainable tourism outcomes for Greece. Therefore, by analyzing these works in modern day’s tourism and travel industry, the country can get hugely benefitted.
9ANNOTATED BIBLIOGRAPHY Bibliography Dritsakis,N.,2004.Tourismasalong-runeconomicgrowthfactor:anempirical investigation for Greece using causality analysis.Tourism Economics,10(3), pp.305-316. Enterprisegreece.gov.gr(2018).[online]Availableat: https://www.enterprisegreece.gov.gr/en/ [Accessed 28 Apr. 2018]. Mason, P., 2015.Tourism impacts, planning and management. Routledge. Mfa.gr (2018). [online] Available at: https://www.mfa.gr/usa/en/about-greece/tourism/for- sustainable-tourism-industry.html [Accessed 28 Apr. 2018]. Michailidou, A.V., Vlachokostas, C. and Moussiopoulos, Ν., 2016. Interactions between climate change and the tourism sector: Multiple-criteria decision analysis to assess mitigation and adaptation options in tourism areas.Tourism Management,55, pp.1-12. Weforum.org (2018). [online] Available at: https://www.weforum.org/agenda/2015/05/how- to-attract-the-tourists-of-tomorrow/ [Accessed 28 Apr. 2018].