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why they are important in this post- Stakeholders in tourism: Who

are they and why do they matter?

The benefits of tourism are largely related to stakeholders in some

way or another. Below are some examples of how stakeholders

benefit from tourism, organized by economic, social,

environmental and political gains; demonstrating the importance

of tourism.

- The importance of tourism: Economic gains

Perhaps the most cited reason in reference to the importance of

tourism is its economic value. Tourism can help economies to bring

in money in a number of different ways. Below I have provided

some examples of the positive economic impacts of tourism.

- Foreign exchange earnings

The importance of tourism is demonstrated through foreign

exchange earnings.

Tourism expenditures generate income to the host economy. The

money that the country makes from tourism can then be reinvested

in the economy. How a destination manages their finances differs

around the world; some destinations may spend this money on

growing their tourism industry further, some may spend this

money on public services such as education or healthcare and some

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