How Tourism Supports EU Economy
The EU is a major tourist destination with five member states among the world's top ten destinations for holidaymakers. According to the well-evaluated data submitted in front of global researchers, the tourism simply holds a major share in EU's economic development, since it holds the potential to contribute towards employment and economic growth.The growth in turn drives the development in rural, peripheral or less-developed areas. These characteristics are driving the demand for reliable and harmonized statistics within this field as well as within the wider context of regional policy and sustainable development policy areas.
Seasonal predictions in tourism
The tourism is growing dramatically in the past two decades since it is seen as a tool in promoting the global business. Especially the tourism demand in Europe is growing among the residents as well as the international visitors. The study on tourism reported a 2.4 times higher trips than the trips made on the previous decade. When taking into account the duration of the trips made by the international visitors, the seasonal pattern plays a major role in deciding thetraffic. For long trips, the seasonal pattern was more pronounced than for short breaks and the EU residents made more than 89 million long trips of at least four overnight stays. The summer and Christmas peaks were more significant in the domestic segment. The EU residents made over 909 million trips in their own member states and nearly 288 million trips abroad. The business trips have recorded a less pronounced seasonal pattern and it tended to partly compensate for the peak and slowest periods. On an average, the business trips are represented around 13 percent of all trips made by EU residents. Since EU and Asia has a vast business markets, it attracts the dominating hands from all over the globe thus improving the domestic business standards.
Tourism as a tool in economy
At present all the developed as well as developing nations made a point on tourism as the best boosting source for economy. The reason behind the tourism promotions and legislations are to raise the nation's economy in order to plan for their development. Even a considerable factor in domestic growth will tend to promote development in international markets. The best and of course the simplest way to attract international currencies to a domestic market is by promoting the tourism development. This made the nations to invest in domestic infrastructure, thus improving the amenities and domestic resources to a large extent. Simply those type of tourism promotions can be listed as maintaining the seashore amenities, encouraging the hotels and restaurants to gather a large culinary skills, multi-national investment in terms of cooperation and further investing in gaming and sporting activities like funding to the gaming sites like Bet Online, M88 and more. Since these all favors the tourism, any kind of activities within this zone is regulated as legal with far reaching goal. In turn the tourism fetches a wide attraction from international visitors thus making a fresh start for international deals and business offers. With effective government regulation, there is nothing suspicious in investments and cooperation thus motivating the annual revenue to grow with nation's pride. Here the main task goes to the government to supervise the steps in ongoing economy and thus updating the legislations based on needs.