Title L03 The Economics of Tourism and Hospitality V2.pdf ✅

ARELLANO UNIVERSITY SCHOOL OF HOSPITALITY AND TOURISM MANAGEMENT – Andres Bonifacio Campus  Pag-asa St., Caniogan, Pasig City THC 1 MACRO PERSPECTIVE OF TOURISM AND HOSPITALITY Tourism and Hospitality

Tourism and Hospitality • There is a continuous demand for international travel in developed countries • As income in developed countries increases, the demand for tourism and hospitality increases at a faster rate. • Developing countries need foreign exchange to aid their economic development. THC 1 – MACRO PERSPECTIVE IN TOURISM AND HOSPITALITY L03 THE ECONOMICS OF TOURISM AND HOSPITALITY Source: CRUZ, ZENAIDA L. (2018). Macro Perspective of Tourism and Hospitality