The Total Contribution Of Travel And Tourism Essay

Each Caribbean country is diverse and has its own natural resources and industries. These industries include bauxite/alumina, agricultural-processing, light manufacturing, rum, cement, metal, paper, chemical products, telecommunications, etc. Though energy and manufacturing account for large percentages of GDP in individual countries, tourism is by far the most prevalent industry (The World Factbook, n.d.). According to the CIA’s World Factbook, tourism is top industry in at least 17 of the 26 countries (See Appendix E) (n.d). Tourism Travel The total contribution of travel and tourism includes the direct contribution (accommodations, transportation, entertainment, attractions, retail purchases, etc.), as well as indirect contributions as well as investment spending; the impact of purchases from supplies; and the spending of direct and indirect employees. The total contribution of travel and tourism in the Caribbean accounts for 14.8% of GDP in 2015 for a total of US$ 53.1 billion, and was expected to reach 14.9% of GPD in 2016 for a total of US$ 54.5 billion. By 2026, travel and tourism is expected to account for 16.2% of GPD for a total of US$ 76.2 billion. Over 2,255,000 jobs were generated in 2015 (13.3% of total employment) and is expected to be over 2,276,000 jobs in 2016 (13.4% of total employment). By 2026, travel and tourism is expected to account for 2,786,000 jobs (15.2% of total employment). (World Travel Tourism Council, 2016, pp. 2-4). Technology andShow MoreRelatedThe Impact Of Tourism On The Hospitality Industry1534 Words   |  7 PagesINTRODUCTION Tourism is defined by the activities of persons identified as visitors. A visitor is not only someone who is travelling for leisure. 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