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destinations suffer extreme corruption so nobody really knows

where the money ends up!

Some currencies are worth more than others and so some countries

will target tourists from particular areas. Currencies that are

strong are generally the most desirable currencies. This typically

includes the British Pound, American, Australian and Singapore

Dollar and the Euro.

Tourism is one of the top five export categories for as many as 83%

of countries and is a main source of foreign exchange earnings for

at least 38% of countries.

- Contribution to government revenues

The importance of tourism is also demonstrated through the money

that is raised and contributed to government revenues. Tourism

can help to raise money that it then invested elsewhere by the

Government. There are two main ways that this money is

accumulated.

Direct contributions are generated by taxes on incomes from

tourism employment and tourism businesses and things such as

departure taxes.

According to the World Tourism Organization, the direct

contribution of Travel & Tourism to GDP in 2018 was

$2,750.7billion (3.2% of GDP). This is forecast to rise by 3.6% to

$2,849.2billion in 2019.

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