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Calculating Tourism's Economic Value
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Gross Domestic Product (GDP) from Tourism
The total value of goods and services produced by the tourism-related activities within a country's economy over a specific time period. Tourism Calculation Method: Summing the value added at each stage of production for tourism-related goods and services.
Tourism Satellite Account (TSA)
An extension of the National Accounts for a country, measuring the size and economic effects of tourism. TSA Calculation Method: Compiling data on expenditure by tourists, specific tourism industries, and employment in tourism sectors.
Tourism Direct Gross Value Added (TDGVA)
Measures the value added by all direct tourism activities. Calculation Method: Subtracting the cost of goods and services from the output of the tourism sector.
Employment in the Tourism Sector
The number of jobs created directly in the tourism industry. Calculation Method: Counting all full-time, part-time, and seasonal positions in tourism-specific sectors.
Tourism Expenditure
The total spending by tourists, including both international and domestic travelers. Calculation Method: Summing all tourist spending on goods and services during their trips.
Tourism Balance of Payments (BoP)
A measure of the international economic transactions between residents and non-residents related to tourism. Calculation Method: Tracking the flows of tourism spending between countries, classified under the 'travel' category in BoP accounts.
Capital Investment in Tourism
Funds spent on constructing tourism-related infrastructure and facilities. Calculation Method: Summing all public and private expenditures on fixed assets intended to support tourism activities.
Tourist Consumption
The total spending by tourists for products and services both inside and outside of tourism establishments. Calculation Method: Collecting data from surveys on tourists' consumption patterns and expenditure.
Tourism Multiplier Effect
The ratio of the total change in GDP to the initial change in tourism spending. Calculation Method: Using input-output models to track how an injection of tourism-related spending circulates through the economy.
Average Daily Rate (ADR) of Hotels
The average revenue earned per occupied hotel room per day. Calculation Method: Dividing the total room revenue by the number of rooms sold.
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