Tourism An Effective Means of Economic

Running Head: TOURISM: AN EFFECTIVE MEANS OF ECONOMIC GROWTH
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Tourism and Sustainability

TOURISM: AN EFFECTIVE MEANS OF ECONOMIC GROWTH
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The following parts cover a discussion on the concept of how tourism is considered to be an
effective means of achieving economic growth and development in the destination spot.
Tourism is a key source of economy and revenue for any country. It helps the people to
promote an understanding of the destination of their culture, art, monuments, cuisine, famous
dance, and people (Coppe, 2015). The locals get a chance to showcase their talent and sell
their work. The hotels and other transport activities provide employment to thousand. This
also provides business opportunities to entrepreneurs. Tourism not only supports the industry
on its own but various stakeholders associate with it as well. The discussion also covers an
analysis of the famous tourism place known as Edinburgh which is a Capital of major country
Scotland that is a part of United Kingdom. Edinburgh is the most beautiful city in all of the
United Kingdom.
A destination spot is the significant means of sustainable development and economic growth
of tourism sector for the country. Tourism helps in increasing the opportunities of
employment and big profit maximisation which results in a key difference to the overall
economy and on the population. In January 2020, a research found that tourism is a growing
sector and the most noticeable one which plays a significant role in boosting an economy of
the nation (Harris & Griffin, 2012). It can easily increase the growth of Gross domestic
product and raise economic development. Without harming the local community people visit
the locations which are a great idea behind sustainable tourism. Tourism has a constructive
impact on the environment which helps the country to develop more productive economy
(Jenkins & Schroder, 2013).
There are three goals which have been initiated in the sector of tourism and are the important
economic activities of tourism sector. These three goals are generated income by the society
of the country, growth in employment and foreign transactions. It not only helps the country

TOURISM: AN EFFECTIVE MEANS OF ECONOMIC GROWTH
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to grow more but also an effective means of economic growth (Anslemet, 2019). Some of the
economic development tools have been taken into the consideration such as the elements of
demand and supply which defines that the demand of tourist and the influence of nature help
in the sustainable growth of the tourist spot by symbolizing the primary factors such as
specialty travel, the concern for environment and awareness.
The elements of demand and supply are specifying the major economic tool in the tourism
sector. With an Overall tourism, for instance, is expected to grow more accordingly and as a
result it develops the growth in population, rise in employment and income and the increment
in integration of the world economies for example, people’s attitude can be change according
to the environment of the place and they plan the vacations accordingly (Wei, 2019). In terms
of gross domestic product tourism sector significantly contributes to the earnings, through
this type of earning cannot be reflected in the domestic as well as product accounts of some
countries (Rodgler, 2019). In terms of Balance of payment tourism sector has a major role of
the country. From the view of an economist, the services that provided in tourism can be
called as exports (Coppe, 2015).
One of the famous tourism places which we are taken into the consideration is Edinburg.
Edinburg itself has almost 10 un miss able sights such as Royal Mile, Calton Hill, Edinburg
castle, Palace of Holyrood house, Princess street gardens, St Giles Cathedral, Scott
monument, Deal village and the Real Mary King’s Close (Jhonson, 2020). These places have
a real beauty of its own. The city has known for a beautiful culture, feeling of royalty,
attractive sight-seeing and multiple cuisines. People wish to go their number of times and it
becomes favourite tourist place for the tourist. Edinburgh has a rare charm (Loe, 2020).
The town is known for its dark corners and looks like the ghost do not want to leave
Edinburgh and come out to haunt the streets and buildings. The weather of Edinburgh is rainy