Asst. Prof., Department of Commerce and Mgmt. Studies, SASTRA University, SRC Kumbakonam, Tamilnadu, India
Online published on 25 October, 2016.
Travel and tourism is the largest service industry globally in terms of gross revenue and foreign exchange earnings. It is also one of the largest employment generators in the world. It has been a major social phenomenon and is driven by social, religious, recreational, knowledge seeking and business interests and motivated by the human urge for new experience, adventure, education, and entertainment. Tourism is both cause and consequence of economic development. It has the potential to stimulate other sectors in the economy owing to cross-synergistic benefits and its backward and forward linkages.
Economic development, Employment opportunity, foreign direct investment, Service sectors, Tourism