Assessment of Economic Dimensions, Stakeholders, and Tourist Motivations in Lisbon's Tourism Industry

Assessment
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Economic dimensions.............................................................................................................3
Stakeholders of Tourism industry..........................................................................................4
Tourists' Motivations..............................................................................................................5
Importance of Motivation in Tourism Cities..........................................................................7
Globalisation...........................................................................................................................8
Conclusion.....................................................................................................................................11
REFERENCES..............................................................................................................................12
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INTRODUCTION
Tourism industry refers to the social, economic, cultural phenomenon which entails the
movement of countries or places which are outside of the usual environment of the individual.
The tourism industry is wide & consists of range of activities such as business, sports, leisure &
adventure. Tourism is helpful in boosting the revenue of the economy, it further creates the
thousands of job opportunities for people, develops infrastructure of a country & plants an
exchange program between the citizen & foreigners. This report covers the information of
numerous stakeholders about the complexities seen in tourism industry in Lisbon. Tourism
industry of Lisbon is critically evaluated in order to cover the factors such as economic
dimensions, tourist’s motivations & stakeholder analysis & globalisation aspects.
MAIN BODY
Economic dimensions
Economic dimensions refer to scant attention which is compared to the environmental
issues that exit in the environmental aspects. Tourism is an economic phenomenon which
consists of major industry & foreign currency earner. This is considered as growth of many
transactional corporations, it accounts for a significant proportion of income that is annual
disposable income. Tourism plays an important part in the economy as the economic condition of
the country gets impacted with the level of tourism that is there in the country (Assi, Isiksal and
Tursoy, 2021). Tourism is directly related to the generation of income in the country, generating
employment opportunities & foreign exchange earnings. Tourism plays an important role in the
success of many economies around the world. There are a range of benefits which are derived
from the host destination of tourism. Tourism is one of the major boosters of the economy as it is
a great source of revenue. High number of jobs has been created in the tourism sector which
leads to the increased employability factor which is directly related to the economy building.
Tourism promotes the cultural exchange programs between local citizens & tourists which lead
to a situation that attract more & more tourists in the country. The most essential part of the
economic features is that the activities related to tourism sector are highly organized & is
generated from people outside the country. The countries should manage the economic feasibility
with the help of using tourism in the favour of the country through a range of activities (Ciftci
and Durusu-Ciftci, 2022).
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Lisbon is situated in hills of Portugal, they have an inflation rate of 20% & their
unemployment rate is more than 10%. The gross national product of the country is $2000 per
person which is considered as a decent GDP for the respective city. The capital of Portugal has
some major tourist attraction spots which attracts the attention of more & more people living
across the globe.
Stakeholders of Tourism industry
Stakeholders refer to the ways & theories in which the stakeholders of the activity should
be taken in account in making business decisions. In the recent times, most of the world is built
on the capitalist society within the complex web of interconnected stakeholders. There are
several groups & communities which are considered as a major part of the country, they directly
contribute to the economy & tourism activities carried out in the country. The recent relations
between the people & economy is one of the major area which directly contribute to the success
of tourism in the business areas. Stakeholders propose that the country must come up with new
tourism attraction spots & promotional activities which attract more & more customers in the
country. Stakeholders play a major role as they directly contribute to the process of attracting
tourists in the country through different activities (Collins and Nissan, 2016). There are several
stakeholders related to the tourism sector, few such stakeholders are discussed below:
 Government- They are major stakeholder for the tourism activity as they are directly
related with the activities conducted in the country. They directly contribute to the
process of tourism as they develop & manage the sector of tourism. The government of
Portugal should deploy & use the best activities to promote the activities of tourism in the
country. The country should use new & advanced set of resources in the country so that
more & more people across the country get interacted the culture of new country.
Throughout the different levels of tourism policy & planning, the Government will
dictate a variety of rules, requirements & practices (de Barros Santiago, 2017).
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